Cryptocurrency ban in South Korea has virtually no effect on Bitcoin

South Korea on Friday announced a ban on initial coin offerings (ICOs). This follows China’s ICO ban earlier this month, which preceded a short dip in value for major cryptocurrency offerings like Bitcoin (BC) and Ethereum (ETH). This time, the market barely took notice. BC traded at $4,353 Friday, while ETH was valued at $291. At the time of this writing, both are up with BC valued $4,397, and ETH reaching $298. According to local reports, South Korea decided to ban ICOs due to fears that...

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