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#1 XRP VP Calls for More Cryptocurrency Friendly Regulations in Korea
#2 Bitcoin Price Crash Caused by Panic Sellers and Manipulation
#3 Tone Vays: Bitcoin Hitting $4975 Is ‘Most Optimistic’ Bear Market
1. Eric van Miltenburg, the Senior VP of Ripple, believes that South Korea needs to relax some of its more stringent cryptocurrency laws. He made his views known in a recent phone chat with The Korea Times. He also said the emerging digital currency landscape could propel the country into becoming a global economic powerhouse.
Read more on: http://bitcoinist.com/ripple-vp-calls-for-more-cryptocurrency-friendly-regulations-in-south-korea/
2. In an effort to pin Bitcoin’s price drop on anything other than sellers overpowering buyers, mainstream and cryptocurrency-focused media have been eager to blame Coinrail — an irrelevant and incredibly minor cryptocurrency exchange in South Korea. However, the hack of Coinrail is not to blame for the flash crash. Market manipulators and panic sellers are.
Read more on: http://bitcoinist.com/bitcoin-price-panic-sellers-manipulation-coinrail/
3. Well-known analyst Tone Vays has likened Bitcoin to how it was in 2014, as prices hit multi-month lows of $6668.
‘It’s Been A Long Time’
Uploading technical forecasts for BTC/USD on social media Sunday, Tone Vays — who has produced multiple warnings about a bear market for the leading cryptocurrency in previous months — reiterated his “most optimistic” bear target below $5000.
Read more on: http://bitcoinist.com/tone-vays-bitcoin-hitting-4975-optimistic-bear-market-price-outlook/
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