The extremely volatile cryptocurrency market had an extremely volatile week this week after a handful of impactful headlines impacted the market.
Cryptocurrency In The News
The biggest news of the week came out of South Korea. After pledging to eliminate anonymous cryptocurrency trading back in December, the South Korean government said this week it is working on a bill that would potentially bad all cryptocurrency trading whatsoever. South Korea is one of the largest cryptocurrency trading hubs in the world, accounting for up to 12 percent of all bitcoin trading, by some estimates.
On Friday, the Justice Minister reportedly softened his stance a bit, saying that the nation would carefully consider the move and coordinate with related government agencies.
Moneygram International Inc (NASDAQ: MGI) announced a new partnership with Ripple after a Moneygram buyout big by Ant Financial was blocked by U.S. regulators.
This week, researchers also uncovered malicious software…