CRYPTO INSIDER: Bitcoin slides after reports of crackdown on the largest crypto exchange in the world
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Bitcoin was trading lower Thursday amid fears that regulators in Japan might tell one cryptocurrency exchange to cease its operations in the country.
The digital currency fell approximately $200 early Thursday morning around the time Bloomberg News and other publications reported that Japan's Financial Services Agency (FSA) has been preparing to tell Binance, the largest cryptocurrency exchange in the world, to stop operating in the country without the necessary regulatory green light.
At last check, bitcoin was trading in the red, down 3.1% at $8,635, according to Markets Insider data.
Here are the current crypto prices:
What's happening:
- Britain is getting a cryptocurrency task force
- A Nobel-winning economist is part of a team launching a low-volatility cryptocurrency
- Eddie Murphy-inspired fintech firm signs with Gemini cryptocurrency exchange
- People are using bitcoin's system to share child pornography, researchers say
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