Cryptocurrency Daily News Bulletin, January 15

January 15, 2018 12:43 pm Published by


Please note: Information on this post should not be construed as personal investment advice. Prices were correct at the time of writing.



Korea. Minister of Science and IT, Yoo Young-min, told reporters today that blockchain and virtual currency should be seen separately, and that the ministry will do its part to fully support the fostering of blockchain technology.

The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Banks have been ordered to implement the new system this month as planned.

Venezuela. Venezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country’s parliament declaring the issuance of this new currency illegal.

Sweden. According to a note issued by HBSC economic analyst James Pomeroy, Sweden could be the first nation to issue their own cryptocurrency. A document, which was sent to clients last week, titled “Sweden’s Big Year: Can the Economy Overcome Some Challenges?” laid out some rudimentary proposals of what an e-krona might look like.

China. According to a Bloomberg report published this morning, Chinese authorities are planning to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading. The report suggests that China will particularly target online platforms and mobile apps that offer exchange-like services.


Individual Currencies


Bitcoin (+1.76%)

(Negative) Schroders, Aviva Investors, Janus Henderson, M&G Investments, Aberdeen Standard Life and Man Group all told Financial News they have no involvement in the digital currency and no future plans to invest in bitcoin.

(Negative) Investment analyst, Peter Tchir, published an article in Forbes on January 14th, which outlines why he thinks that Bitcoin’s price will continue to decline. The article has been viewed more than 50,000 times.

(Negative) Bitcoin investors trying to channel their new fortunes into UK property are being turned away by mortgage lenders and brokers who fear breaching anti money-laundering regulations.

Bitcoin Cash (-6.21%)

(Positive/unclear) GDAX will resume Bitcoin Cash trading on January 17 (trading was halted several weeks ago).

Ethereum (-1.80%)

(Positive) Over the weekend, the Ethereum blockchain helped transfer just over $23bn within a 24-hour period. This is almost as much as Bitcoin, BitcoinC ash, Litecoin, Dash, BTG, and ETC combined and.

(Positive) On January 13, NASA announced that it had awarded a grant to the University of Akron for research into data analysis and other topics related to space exploration. The allocation will help a team led by associate professor Jin Wei to pioneer a resilient networking system based in part on the Ethereum blockchain.

Tron (-14.67%)

(Negative) Users or Reddit and Github have accused Tron of copying code from Ethereum’s project without attribution; Tron appears to have accepted this error via a post on Github. This may damage Tron’s reputation because it dovetails with previous allegations that Tron had plagiarised parts of its White Paper.

(Positive) At approximately 11 am (GMT), Tron announced that they have hired former Alibaba Technical Expert Olivier Zhang.

Lisk (+3.48%)

(Positive) At approximately 11.15 am (GMT) Lisk announced, via its Twitter feed, that it has just released Lisk Nano 1.3.2.

EOS (-3.05%)

(Positive) EOS experienced a major price spike on Jan. 13, after the announcement that Richard Jung, former CEO of Bithumb (a prominent exchange in Korea), had joined as “Head of Korea.”

Komodo (+1.19%)

(Positive) The Ironwood Research Group have published a technical analysis of Komodo, which also praises the project.

–, Robert Maxwell

Have your say:

Your email address will not be published. Required fields are marked *