{"id":44707,"date":"2018-01-16T16:37:10","date_gmt":"2018-01-16T11:37:10","guid":{"rendered":"https:\/\/tns.world\/?p=44707"},"modified":"2018-01-16T16:37:10","modified_gmt":"2018-01-16T11:37:10","slug":"bitcoin-slides-14-percent-on-crackdown-fears-hits-four-week-low","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=44707","title":{"rendered":"Bitcoin slides 14 percent on crackdown fears, hits four-week low"},"content":{"rendered":"<p><strong>LONDON Jan 16 (TNS):<\/strong> Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea\u2019s finance minister had said banning trading in cryptocurrencies was still an option.<\/p>\n<p>South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon had told a local radio station that the government would be coming up with a set of measures to clamp down on the \u201cirrational\u201d cryptocurrency investment craze.<\/p>\n<p>Bitcoin slid on the news, trading as low as $11,730 on the Luxembourg-based Bitstamp exchange, down 13.6 percent on the day.<\/p>\n<p>The latest tumble leaves bitcoin more than 40 percent down from the record highs of around $20,000 reached in mid-December, wiping about $125 billion from its \u201cmarket cap\u201d &#8211; the price of bitcoin multiplied by the total number of bitcoins that have been \u201cmined\u201d, or released into the market.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Jan 16 (TNS): Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea\u2019s finance minister had said banning trading in cryptocurrencies was still an option. South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44708,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[729],"class_list":["post-44707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/44707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44707"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/44707\/revisions"}],"predecessor-version":[{"id":44709,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/44707\/revisions\/44709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/44708"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}