Cryptocurrencies Drop After Japanese Exchange Halts Withdrawals
"Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals, spooking investors in a country that’s still wary of digital-token exchanges four years after the collapse of Mt. Gox.
Coincheck Inc., based in Tokyo, said in a series of tweets that it had suspended all withdrawals, halted trading in all tokens except Bitcoin and stopped deposits into NEM coins, without explaining why. When reached by phone, an exchange official wouldn’t provide further details and didn’t respond to a subsequent emailed request for comment. Additional calls to Coincheck went straight to voicemail.
NEM, the 10th-largest cryptocurrency by market value, fell 15 percent in the 24 hours through 5:52 a.m. New York time, according to Coinmarketcap.com. Bitcoin dropped 6.5 percent and Ripple retreated 11 percent in that period.
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more here https://www.bloomberg.com/news/articles/2018-01-26/cryptocurrencies-drop-after-japanese-exchange-halts-withdrawals?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
Thanks for the info. I wondered why NEM had a big drop this morning.
"Ripple retreated 11 percent in that period." great news for this shite coin run by the banksters and pumped and dumped to death so that ordinary people are sucked in at high price then the banksters sell the coin at the top price to make millions leaving thousands losing their money as Ripple price plunges in minutes.
Even got Ripple discord pump and dump clubs. Avoid ripple which is centralized coin no democracy and just 6 nodes in the world.
Hear Hear
This may explain things. I live in Tonga ....pretty much cut off from most main stream news (well no TV but I obviously have internet) Tonight I spent most of my time trying to answer 2 questions (1) what the hell was happening with Wanchain (nothing unusual there...I don't for one moment think that I was alone in that quest) and (2) trying to understand why everything was turning red again. I know that general sentiment is a bit down at the moment but I could not really see any reason for the continued slide of the day......but then I saw your post. Now it may be because its 1:30am here, and I am absolutely knackered but a whole lot of people getting spooked in Japan is a justifiable answer to question 2 ......BUT WHAT THE HELL IS GOING ON WITH WANCHAIN???? thanks for the post, Cheers J
hi, not sure about it, try to find something here https://www.reddit.com/r/wanchain/
I heard about few fake twitter pages and fake trading pairs( ehter delta maybe), really, do not know any news