Virtual currency

Bitcoin Slides Below $6,000; Half its Value Lost in 2018

Bitcoin slid another 13 percent to below $6,000 on Tuesday, bringing the world's best-known cryptocurrency's losses to more than half since the start of 2018.

Bitcoin has fallen heavily in recent sessions as worries about a regulatory clampdown on the nascent market and panicked investors push prices lower. The virtual currency hit a peak of almost $20,000 in December.

South Korea to Ban Cryptocurrency Traders From Using Anonymous Bank Accounts

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being used for money laundering and other crimes, according to Reuters.

Bitcoin crashes below $10,000

The world's most valuable cryptocurrency, bitcoin, has lost over half its value since it smashed the $20,000 barrier in mid-December. The price of the cryptocurrency dropped to $9,555 at 15:00 GMT on Wednesday.

"The cryptocurrency market is experiencing a serious attack from speculators," Gleb Zadoya, head of analytics at Analitika Online said in email comments to RT.

Serbian Bank Advises Caution Over Bitcoin Fever

As the frenzy continues over Bitcoin, Serbia's National Bank, NBS, has warned those trading with it to consider their actions and the level of risk they are willing to accept.

"Virtual currencies and Bitcoin, as one of the best known, are not legally regulated in the Republic of Serbia and cannot be considered a means of payment," NBS told BIRN.

Greek high court to rule on Russian bitcoin suspect's fate

Greece's Supreme Court is due to rule whether to allow the extradition of a Russian cybercrime suspect to the United States to stand trial for allegedly laundering billions of dollars using the virtual currency bitcoin.

Alexander Vinnik appeared at the Athens court Wednesday amid an ongoing legal battle between the US and Russia who are both seeking his extradition.

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