Market Analysis
BTC still stalling at 11.2k resistant point. Approached this value a few times today but could not cross it
BTC dominance is continuing its slow up trend. Now at 40.7%. Maybe a sign that people are parking their funds in BTC while they are waiting for the market to move
After a day of consolidation, kimchi premium is still low with most of the popular coins below 4% premium
Daily News
‘Adversely Affected’: AMD Worries Crypto Miners’ GPU Demand Could Fall
https://www.ccn.com/amd-warns-gpu-market-could-be-adversely-affected-if-demand-from-miners-dries-up/
2017 was a good year for GPU manufacturers such as AMD and Nvidia. The popularity of cryptocurrency mining saw demand for GPUs skyrocket. There was a reported $776 million worth of GPUs that miners purchased in 2017.
With limited supply, Nvidia tended to favour gamers over cryptocurrency miners. Demand from miners is less stable than gamers or other industries that utilize GPUs, and a lot depends on if the hype for cryptocurrencies continues.
Trump Sanctions on North Korea Won't Stop Crypto Hacks, Senator Says
https://www.coindesk.com/trump-sanctions-north-korea-wont-stop-crypto-hacks-senator-says/
The Trump administration imposed new sanctions on NK last week. However, one senator argued that the measures don’t go far enough to deter the country’s cybercrime. It is estimated that tens of millions of dollars worth of cryptocurrencies have been stolen by North Korean hackers.
Walmart Is Using Blockchain Tech to Make Shipping 'Smarter'
https://www.coindesk.com/walmart-using-blockchain-tech-make-shipping-smarter/
Walmart is filing a patent that seeks to use blockchain tech to perfect a smarter package delivery tracking system. Walmart explains in the filing that online shopping has created shipping challenges for retailers, particularly with regard to perishable products requiring temperature control, thus necessitating further innovation.
The application states that the blockchain component will be encrypted into the device, and will have "key addresses along the chain of [the package's] custody, including hashing with a seller private key address, a courier private key address and a buyer private key address."
This seems similar to other tokens in the space such as Vechain and Waltonchain.
Other News
Goldman Sachs Official: Cryptocurrencies in ‘Current Format’ Are in a Bubble
https://www.ccn.com/goldman-sachs-official-cryptocurrencies-current-format-bubble/
Moscow Court Rules Crypto Assets Cannot Be Seized For Debt Payment
https://cointelegraph.com/news/moscow-court-rules-crypto-assets-cannot-be-seized-for-debt-payment
Liechtenstein’s Bank Frick Introduces ‘Direct’ Cryptocurrency Investment And Cold Storage
https://cointelegraph.com/news/liechtensteins-bank-frick-introduces-direct-cryptocurrency-investment-and-cold-storage
Louisiana Officials Probe Staffers for Bitcoin Mining
https://www.coindesk.com/report-louisiana-officials-probe-staffers-mining-bitcoin-work/
South Korean Bank Trials Ripple for Overseas Remittance
https://www.coindesk.com/south-korean-bank-trials-ripple-for-overseas-remittance/
Fake Website Scam Targets Aspiring Telegram ICO Investors
https://www.coindesk.com/fake-website-scam-targets-aspiring-telegram-ico-investors/
CFTC Provides Guidance For Employee Investment In Cryptocurrencies, Bitcoin Futures
https://www.ethnews.com/cftc-provides-guidance-for-employee-investment-in-cryptocurrencies
Fake Website Scam Targets Aspiring Telegram ICO Investors
https://www.coindesk.com/fake-website-scam-targets-aspiring-telegram-ico-investors/
Not financial advice.