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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"bright-remain",<br>"permlink":"bitcoin-has-dipped-below-usd8-000-here-s-what-s-pushing-it-down-195e6e55e3de3",<br>"title":"Bitcoin has dipped below $8,<br>000 \u2014 here\u2019s what\u2019s pushing it down",<br>"body":"![image (https:\/\/img.esteem.ws\/hq21spc5n1.jpg)The price of bitcoin \u2014 the original and largest cryptocurrency \u2014 has slipped below $8,<br>000 for the first time since early February as fears over increased regulation from governments and tech companies weigh on investors.\n\nBitcoin has lost about 40% of its value in 2018 after rocketing more than 1,<br>300% last year.\n\nYesterday South Korea\u2019s regulator took control of three \u200ecryptocurrency \u200eexchanges in the country \u2014 it was reported by local outlet Yonhap \u2014 while there were reports that Japan is planning to use a G20 meeting next week to call for combined regulatory efforts to combat the use of cryptocurrencies in money laundering.\n\nBoth Japan and South Korea are big markets for cryptocurrencies,<br> with huge trade volumes emerging in recent months.\n\nJapan was the first country to adopt a national system to oversee cryptocurrency trading,<br> although it carried out checks on several exchanges this year after the theft of $530 million from one exchange,<br> Coincheck.\n\nSouth Korea has \u200ebeen examining its \u200edigital currencies exchanges,<br> which were recently hit with massive \u200etax \u200edemands as part of ongoing efforts to control potential \u200esystemic risks.\n\nFrance and Germany have meanwhile said they will make joint proposals to regulate the bitcoin cryptocurrency market.\n\n ![image (https:\/\/img.esteem.ws\/egew9k7154.jpg)\nSource: Coindesk.com\n\nIncreased government intervention in the cryptocurrency market comes alongside tech company crack downs on advertisements on their platforms.\n\nGoogle has joined Facebook in banning advertisements for bitcoin,<br> cryptocurrencies and so-call initial coin offerings (ICOs).\n\nThe search giant said the ban will extend to all unregulated or speculative financial products,<br> including binary options and financial spread betting. ICOs are a way to crowdfund using cryptocurrencies.\n\nIn a blog post Google said those offering these kinds of financial products \u201cwill be required to be certified by Google before they can advertise through AdWords\u201d.\n\nFacebook took a similar step in January.",<br>"json_metadata":" \"links\":[ ,<br>\"image\":[\"https:\/\/img.esteem.ws\/hq21spc5n1.jpg\",<br>\"https:\/\/img.esteem.ws\/egew9k7154.jpg\" ,<br>\"tags\":[\"bitcoin\",<br>\"down\",<br>\"google\",<br>\"facebook\",<br>\"korea\" ,<br>\"app\":\"esteem\/1.5.1\",<br>\"format\":\"markdown+html\",<br>\"community\":\"esteem\" " | | comment_options | "author":"bright-remain",
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