Investing.com – The cryptocurrencies traded higher on Tuesday while bitcoin rebounded to the lowest level this year, amid a series of problems with South Korean crypts trading and further news on a regulatory attempt.
earned 1.06% to $ 3,582.70 on the Investing.com index at 11:57 AM ET (16:57 GMT). This was well below the intraday low of $ 3,465.20, the lowest level since 18 December.
traded on 1.02% to $ 0.32035, or Ether, rose 1.10% to $ 118.27, while it was $ 31.42, up 1.81%.
Overall, the cryptocurrencies were higher, with a total market capitalization of $ 120.5 billion at the time of writing, compared to $ 119.7 billion on Monday.
South Korea has drawn attention to the crypts as two executives from the currency crypt of Komid have been convicted of false trading volume and misleading investors.
Separately, the South Korean cryptic exchange Coinzest was also reported to try to recover about $ 5.3 million in cryptocurrencies that were accidentally sent to customers due to a computer error last week.
Outside of the Asian bullpen, it was reported that the financial authorities of the Netherlands have taken measures to combat money laundering and terrorist financing.
It is said that the Dutch central bank and the Dutch financial market authority are working on a cryptographic exchange licensing system that would allow a broader assessment of potential users to assess whether they will comply with the regulations.
The report came after the weekend news that the Organization for Economic Cooperation and Development (OECD) called for global coordination on the regulation of initial coin offerings (ICOs). The organization pointed out that ICOs involve "very high" risks that require a set of globally standardized regulations to avoid money laundering or other criminal activities.
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