Cryptocurrency Daily News Bulletin, January 29

January 29, 2018 1:12 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.

General

 

Coinmarketcap.com and Korea. In early January, Coinmarketcap suddenly removed many Korean exchanges from its price listings. This caused panic in the market because most coins were trading at significantly higher prices on Korean markets. Many of these ‘outlier’ prices on Korean exchanges have now fallen enough to allow the re-inclusion of Korean trading in Coinmarketcap’s figures. Their re-introduction may have boosted the market because currencies are typically still traded at higher prices on Korean exchanges. Bitcoin, for example, is currently traded at $11,883.50 on Korea’s Bithumb (which is once again included in Coinmarketcap’s data), more than $600 higher than the Bitcoin price on OKex. It is unclear when Korean prices were re-introduced but some speculation on Reddit suggests that this may have occurred over the weekend. News outlets have not yet picked up this story. https://goo.gl/cD5C6H https://goo.gl/S8cyMZ

Coincheck. Coincheck, the Japan-based exchange, has announced that it will refund to customers about $400m stolen by hackers on Friday in one of the biggest thefts of digital funds. https://goo.gl/jRZa52

Today, Japanese authorities ordered Coincheck to beef up security and come up with measures to prevent future incidents. https://goo.gl/muUBtS

January 29, Coincheck started accepting Yen deposits following Friday’s hack. All other features remain disabled. https://goo.gl/vLHLoM

Japan. Japanese cryptocurrency exchanges are strengthening their self-regulation procedures following the Coincheck hack. https://goo.gl/eSk3zX

Russia. A Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. https://goo.gl/o8BQgf

A bill has been submitted to the Russian parliament to make the country’s national cryptocurrency, the ‘cryptoruble,’ legal tender in Russia. https://goo.gl/cWf2r3

Indian Banks. A number of Indian banks are not allowing deposits of money earned from trading on bitcoin exchange platforms, thanks to uncertainty regarding regulation. https://goo.gl/soo4cN

Discover. January 27, Discover, which has 44 million users, announced that it will not allow its customers to use their card on cryptocurrency exchanges. It’s the latest in a string of credit card purveyors – including Visa and Mastercard – to block access. https://goo.gl/5q3JKh

 

Individual Currencies

 

Bitcoin (-4.68%)

(Positive) According to data from the Bitcoin futures market, hedge funds are betting on bullish price momentum in the coming month. https://goo.gl/xcSXqK

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

 

Litecoin (-4.28%)

(Positive) On January 26, Litecoin began trading on Zebpay, one of India’s largest exchanges. https://goo.gl/2fGrfq

(Positive/unclear) On January 27, Bitcoinist.com published an article speculating that a merger between Litecoin and Monero may be on the cards. The article highlighted Charlie Lee’s tweets from the previous day, in which he suggested that Litecoin’s liquidity would be a good fit for Monero’s anonymity and fungibility. https://goo.gl/mWEc5T

https://coinmarketcap.com/currencies/litecoin/

 

NEO (+6.16%)

(Positive) Neo’s first development convention will begin on January 30 in San Francisco. https://goo.gl/kw6ujN

https://coinmarketcap.com/currencies/neo/

 

Stratis (-1.57%)

(Positive) January 26, Stratis announced that it has formed a partnership with C# Corner, the largest global community of C# developers. This partnership will allow the Stratis platform to be shared with the largest online C# community, resulting in greater exposure. https://goo.gl/Za1Zsh

https://coinmarketcap.com/currencies/stratis/

 

Zencash (-6.04%)

(Positive) January 27, Zencash announced via Twitter that they have “some exciting news” about a new exchange “coming very soon.” https://goo.gl/SfbFFm

https://coinmarketcap.com/currencies/zencash/

 

Ethereum Classic (-1.09%)

(Positive) An ETC/USD trading pair was added to the KuCoin exchange on January 28. https://goo.gl/wACfbn

https://coinmarketcap.com/currencies/ethereum-classic/

 

Ripple (+1.08%)

(Positive) BitOasis, Dubai’s largest cryptocurrency exchange, will enable XRP trading from tomorrow (the listing was first announced in early January). https://goo.gl/SxbgQP  

https://coinmarketcap.com/currencies/ripple/

 

Ethereum (-4.26%)

(Positive) According to Newsbtc.com, Ethereum’s rise over the weekend was significantly influenced by anticipation regarding progress in the deployment of major scaling solutions, especially the process of ‘Sharding’ and the new Casper protocol. For more see https://goo.gl/z2Novb

(Positive) Amalto SA and ConsenSys are teaming up for a new joint venture. The goal is to use the Ethereum blockchain to automate ticket-based processes of oil and gas. It is a pretty interesting concept well worth looking into. This new venture will be known as Ondiflo and aims to revolutionize the energy industry as a whole. https://goo.gl/9SpSry

https://coinmarketcap.com/currencies/ethereum/

 

Hempcoin (-14.66%)

(Negative) January 26, Hempcoin announced via Twitter that the hard fork, which had been scheduled to happen in late January, has now been delayed until February 23. The promised website update and new White Paper have also not yet materialized. The team did, however, post a new roadmap on Twitter on Friday. Hempcoin’s price fell significantly over the weekend. https://goo.gl/NZY28T https://goo.gl/q22AL2

https://coinmarketcap.com/currencies/hempcoin/

 

Tron (-5.80%)

(Positive) At approximately 9am this morning (GMT), Tron announced that it has been listed on the Huobi exchange. https://goo.gl/AVuACJ

https://coinmarketcap.com/currencies/tron/

 

– WN.com, Robert Maxwell



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