Welcome to my Cryptocurrencies Market Overview for Tuesday, January 09, 2018.
Today in the news:
- Jamie Dimon, CEO of JP Morgan, said he regrets calling Bitcoin a fraud.
- Wall Street trader Mike Novogratz is starting a merchant bank dedicated to cryptocurrencies and blockchain-based ventures.
- Bitfinex has added Basic Attention(BAT), 0x (ZRX), FunFair (FUN), Decentraland (MANA), SpankChain (SPANK) and Time New Bank (TNB).
- And more crypto news below...
Jamie Dimon, CEO of JP Morgan:
- $100B market cap: "Bitcoin is a fraud"
- $250B market cap: "I regret calling Bitcoin a fraud"
- $1.0T market cap: "We are launching a Bitcoin trading desk"
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart (log scale)
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - January 09, 2018
Jamie Dimon Says He Regrets Calling Bitcoin a Fraud
JPMorgan Chase CEO Jamie Dimon now reportedly regrets calling bitcoin a "fraud," though he is still not a fan of the cryptocurrency.
Read more: coindesk.com
Other sources:
- Jamie Dimon: ‘I regret’ calling bitcoin a fraud (FT.com)
- Jamie Dimon says he regrets calling bitcoin a fraud (CNBC)
JPMorgan Chase CEO: All Crypto Will Be Government Controlled
Today, Jan. 9. the Chairman & CEO of JPMorgan Chase, Jamie Dimon, spoke pessimistically about the viability of decentralized cryptocurrency, predicting that all digital currencies will eventually be fiat, or government-controlled.
Read more: cointelegraph.com
Mike Novogratz Wants to Build the Goldman of Crypto
Mike Novogratz, the Wall Street trader who became one of bitcoin’s most outspoken champions, is starting a merchant bank dedicated to cryptocurrencies and blockchain-based ventures. And he intends to take it public.
Read more: bloomberg.com
Bitfinex Continues to Add New Assets Ahead of Ethfinex Launch
Bitfinex listed an array of up and coming tokens on the exchange, with an expectation of building a marketplace for Ethereum assets.
Read more: cryptovest.com
Ethereum Price Highs Overshadow New Wave of Tech Issues
The price of ether is shattering all-time highs. Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple's XRP token. However, as with that controversial market move, the massive uptick in value bears a deeper look from more novice or potential investors.
Read more: coindesk.com
Microsoft Has Stopped Accepting Bitcoin Deposits
Cryptocurrency users are used to seeing more and more adoption of the instruments by companies. From time to time there are setbacks however, like Microsoft now reversing its previous bitcoin position.
Read more: bitcoin.com
'Get ready for an explosion' in bitcoin as Wall Streeters spend their bonus checks
When Wall Street bonuses hit bank accounts on January 15, I imagine we'll see a crypto buying spree of epic proportions.
Read more: http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1?international=true&r=US&IR=T
Bank of Israel: Cryptocurrencies Are Assets Not Currencies
Israel's central bank has said that cryptocurrencies like bitcoin are more an asset than a currency. Addressing a meeting of the Knesset Finance Committee yesterday, Nadine Baudot-Trajtenberg, deputy governor of the Bank of Israel, said, "Bitcoin and similar virtual currencies are not a currency, and are not considered foreign currency."
Read more: coindesk.com
Other sources:
- Israel Central Bank Refuses to Recognize Bitcoin as a Currency
- Bitcoin is a Financial Asset, Not a Currency: Bank of Israel
South Korean Officials to Begin On-Site Probes of Domestic Banks
The South Korean government has continued to tighten its regulatory grip on the country’s cryptocurrency market, and this time, it’s going after banks directly. Government officials plan to conduct on-site inspections of 6 major Korean banks throughout the week to ensure that regulations for virtual accounts are being properly followed. These inspections are the latest development in a series of moves by South Korea’s government to curb cryptocurrency investment by cracking down on illegal practices such as fraud and money laundering.
Read more: themerkle.com
NEO Price Reaches a new All-time High of $120
Even though the cryptocurrency markets are still recovering from the Korea debacle, some currencies are noting significant profits. In NEO’s case, for example, things are looking pretty solid. After the NEO price found stability above $100 last week, the value has now soared to over $120. Due to a small pullback, the NEO price is now slightly lower, but things still look pretty promising in general.
Read more: themerkle.com
