• The cryptocurrency market has remained under pressure this week, as prices of digital currencies, including bitcoin (BTC) and ripple, tumbled nearly 20 per cent between January 5 and 12 amid talks that South Korea was mulling a trading ban on digital currencies.
• Some analysts feel such an action by Seoul may push other nations to consider similar moves.
• A Wall Street consultancy on Thursday predicted a major crash in the cryptocurrency market this year.
• "After significant testing, we calculated the price of BTC 1 to be $1,780," businessinsider.com quoted from a Quinlan & Associates report.
• On Wednesday, investment guru Warren Buffett said he would never invest in cryptocurrencies. "I can say almost with certainty that cryptocurrencies will come to a bad end," Buffett told CNBC in an interview.
• Bitcoins or cryptocurrencies are not a legal tender in India and are not recognised as a medium of exchange, Corporate Affairs Minister Arun Jaitley said on January 5.
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