The price of bitcoin – an increasingly popular digital currency – smashed close to $17,000 in early Friday trading in Asia but plummeted more 12 percent to below $15,000 within only a few hours later.
Bitcoin – which is not tied to any bank or government – was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66, Reuters reported.
It was still up more than 30 percent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.
The fall in the price of the world’s now most popular digital investment came as concerns started to rise over its security.
Earlier, a Slovenia-based bitcoin mining exchange company said it had been hacked for a potential loss of at least $78 million, AP reported. The company, NiceHash, announced that the theft had taken place on Wednesday after “highly professional hackers based outside the European Union” compromised an employee’s computer to access its systems.
Concerns had already been growing among states over the potential threats of bitcoin – that would start trading on the Chicago Board Options Exchange this weekend – on national economies. South Korea has to the same effect announced measures to curb the craze in the virtual currency.
The country said on Friday it was studying measures to regulate speculative trading in cryptocurrencies. To the same effect, South Korea’s financial regulator said it had ruled out using bitcoin for derivative products. The decision effectively bans investing in bitcoin futures, Reuters reported.
Tech savvy South Koreans are increasingly betting their part-time incomes and retirement packages on bitcoins and other virtual currencies, the report added. The country has just 50 million people but accounts for about one-fifth of global bitcoin trades.
Earlier this week, South Korea's justice ministry said it would consider ways to regulate crypto currency exchanges and devise stiff penalties for crimes related to such transactions, Reuter reported.
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We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.
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Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.
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Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
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Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
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Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.
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