Cryptocurrency Daily News Bulletin, January 24

January 24, 2018 12:04 pm Published by
Bitcoin

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

General

 

Weiss Ratings Released Today. Weiss Ratings, a U.S. independent rating agency, had announced that it will issue letter grades on cryptocurrencies today. Beyond bitcoin (BTC), the rating agency will also issue grades for ethereum (ETH), Ripple’s XRP, bitcoin cash (BCH), cardano (ADA), NEM (XEM), litecoin (LTC), stellar (XLM), EOS, IOTA, Dash, NEO, TRON, Monero (XMR), bitcoin gold (BTG) and many others. For an explanation of how the rating system will be calibrated see  https://goo.gl/ATU4NA

United Nations. The U.N. has announced that it has helped to launch the Climate Chain Coalition, which will aim to research the use cases for distributed ledger technology (DLT) in climate change-related initiatives. https://goo.gl/3MmGY8

‘Pump & Dump’ Schemes. BTCManager.com has published a piece suggesting that ‘pump and dump’ schemes in the crypto sphere are often orchestrated through chat applications such as Telegram and Discord. https://goo.gl/FT6TQP

Korea. The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges. These confirmations – along with the absence of more stringent measures – may calm the markets. https://goo.gl/MGPnWq

Benebit ICO. Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a school website. https://goo.gl/DwVFwK

 

Individual Currencies

 

Bitcoin (+7.37%)

(Negative) Stripe, a major payments processing firm, has announced that it is ending its support for payments in Bitcoin because lengthening transaction times and price volatility are making the cryptocurrency “less useful for payments.” https://goo.gl/vnCUgc

(Positive) Indonesia’s Trade Ministry has announced that, although it is illegal to use Bitcoin for payments and transactions in Indonesia, the government is still considering the cryptocurrency’s use as an investment instrument. https://goo.gl/AhRSkv

(Unclear) In 2017 19 Bitcoin forks were launched, and some analysts are predicting that there may be as many as 50 in 2018. https://goo.gl/PDQgcH

(Unclear, potentially positive) A survey with a sample size of 5,000, which was conducted by SurveyMonkey and the Global Blockchain Business Council, found that 5 percent of Americans own Bitcoin and that 21 percent say that “they are considering adding it to their portfolios.” Six in ten have heard of Bitcoin. According the survey, Bitcoin owners are also overwhelmingly male (71%). https://goo.gl/YYpVgN

(Positive) Nasdaq’s CEO has confirmed earlier reports that the stock exchange is exploring the option of offering Bitcoin futures contracts. https://goo.gl/M8955i

https://coinmarketcap.com/currencies/bitcoin/

 

OmiseGo (+14.12%)

(Positive) Stripe, a major payments processing firm, has announced that it is ending its support for payments in Bitcoin because of lengthening transaction times and price volatility. In the message announcing the decision and its hope of continued involvement in the cryptocurrency sphere, Stripe noted that OmiseGo is “an ambitious and clever proposal.” Several other currencies were also mentioned, however. https://goo.gl/vnCUgc

https://coinmarketcap.com/currencies/omisego/

 

Stellar (+23.02%)

(Positive) Stripe, a major payments processing firm, has announced that it is ending its support for payments in Bitcoin because of lengthening transaction times and price volatility. In the message announcing the decision and its hope of continued involvement in the cryptocurrency sphere, Stripe noted that “we may add support for Stellar (to which we provided seed funding) if substantive use continues to grow.” Several other currencies were also mentioned, however. https://goo.gl/vnCUgc

https://coinmarketcap.com/currencies/stellar/

 

EOS (+7.04%)

(Positive) Yesterday afternoon, Block.one, the developer EOS.IO, and Galaxy Digital LP, a digital assets merchant bank, announced the formation and capitalization of a joint venture that is focused on developing the EOS.IO ecosystem and making strategic investments in projects that utilize EOS.IO software. Block.one and Galaxy Digital will deploy capital for future investments through the capitalization of a new $325 million EOS.IO Ecosystem Fund. https://goo.gl/w1NNdM

https://coinmarketcap.com/currencies/eos/

 

Waves (+5.97%)

(Positive) Waves Lab, the Moscow-based incubator for new projects on the Waves platform, has announced a total budget of 1 million WAVES for future participants, as the first tranche of entrants launch their applications. The commitment is reportedly worth $9 million. https://goo.gl/2cDWEG

https://coinmarketcap.com/currencies/waves/

 

Verge (+9.52%)

(Positive) Verge has successfully completed a hard fork which will allow stealth transactions to be processed. https://goo.gl/xH6GFL

https://coinmarketcap.com/currencies/verge/

 

– WN.com, Robert Maxwell



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