South Korea Plans Measures To Curb Virtual Currency Speculation

Perhaps in response to the news, the cryptocurrency markets fell overnight, with Bitcoin slumping 10%.

Following the news, Bitcoin's price dropped 11 percent from $15,489 to $13,800, according to Coinbase.

Unemployment rates drop in region
The national unemployment rate was 4.1 percent in November, unchanged from October, but down from 4.6 percent in November of 2016. Statewide, the not seasonally adjusted jobless rate was 5 percent, an increase of eight-tenths of 1 percent from 4.2 percent.

The government's ban on using anonymous accounts, effectively a mandate that exchange providers perform know-your-customer (KYC) due diligence, is seen as the latest move to curb the trading activity around cryptocurrencies in the country.

The crypto currency recovered but is still down more than 7% on the day.

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Van Dijk, who has never hidden his admiration for Liverpool , said in a statement he was "delighted and honoured" to sign. The Reds confirmed the deal on Wednesday evening, following earlier reports of a fee being agreed between the two clubs.

South Korea's local news agency Yonhap has reported that the head of country's financial regulation agency has said that the "bubble in bitcoin will burst later". While bitcoin's debut on regulated derivatives exchanges in Chicago was thought to have given it a new mainstream channel for investors to tap, so far trading volume has been limited.

In its statement, the government said it "can't leave the abnormal situation of speculation any longer" and said "cryptocurrency speculation has been irrationally overheated" in Korea. The South Korean government is also anxious that putting regulations on cryptocurrencies could have the effect of legitimizing them in the eyes of everyday people, who have recently been swept up in the cryptocurrency craze. "Regulators not only in Asia but globally are going to start addressing this fact because I don't think they've actually come to terms with what the absolute downside of a complete drop-in crypto means for the economy". "We can not leave the abnormal situation of speculation any longer". Under the new measures, anonymous trading will be banned from January and only real-name bank accounts and matching accounts at exchanges can be used for deposits and withdrawals. "It is possible that some might be scams but even with those, the prices will rise at least in the middle of their life cycles so that there will be a chance to make money from trading them".

Health officials expect Minnesota flu cases to rise
Lamont said the flu cases were seen as early as September, but confirmed cases have skyrocketed every day over the past 10 days. Officials with the South Dakota Department of Health say a Day County resident in their 70s has died from the flu.

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