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South Korea-based Youbit, a cryptocurrency was brought to its knees.
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| Bitstamp withdrawal to paypal | US Markets Loading Skip Navigation. Thanks for signing up! Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. Stay up to date with what you want to know. The subprime crisis was essentially the result of banks making loans out to people of higher risk, at a time when interest rates were low and house prices were soaring. Yapian, the operator of crypto-exchange Youbit, halted trading of cryptocurrencies on its venue Tuesday and filed for bankruptcy after a hack, according to reporting by The Wall Street Journal. |
| Cryptocurrency at its knees | Once the market became saturated, homeowners found themselves in negative equity unable to repay their loans, resulting in hefty losses for lenders. Bitcoin and other digital currencies have dropped sharply in recent weeks. LinkedIn Link icon An image of a chain link. At the same time, Wall Street is paying more attention to the nascent market. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. And two established exchanges have launched bitcoin futures , which allow investors to bet on the future price of the digital currency. |
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The Economist Bends The Knee (Bitcoin)Bitcoin, the most popular cryptocurrency, has rebounded, but observers believe the turmoil is not over. Read more at best.bitcoinsnews.org Editorial: The apparently endless rise in the prices of cryptocurrencies is a monument to greed and gullibility. Binance, another leading cryptocurrency exchange, attempted but quickly thought twice about launching a FTX rescue operation.
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