Welcome to my Cryptocurrencies Market Overview for Monday, January 22, 2018.
Today in the news:
- It's another red day again unfortunately.
- The Bitcoin Lightning Network on mainnet is growing fast. Over 110 nodes and 251 payment channels now.
- Bitcoin transaction fees are coming down. 20-30 sats/byte transactions now getting confirmed on the next block.
- South Korea’s government is hitting the country’s crypto exchanges with tax demands in a bid to control the market.
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 22, 2018
Cryptocurrency Market Falls Again as Ripple, Bitcoin Cash, et al. Fall by 10%
The cryptocurrency market experienced yet another minor correction earlier today, after an initial decline in value on January 21. Many major cryptocurrencies in the market with the exception of several digital assets fell by around 10 percent in value, with Ripple recording a 10 percent loss and Bitcoin Cash demonstrating a 8.5 percent drop in price.
Read more: ccn.com
Other sources:
- Bitcoin tanks more than 10% to start week, now back below $11,000 (CNBC)
- Bitcoin is slumping back down toward $10,000 (BusinessInsider)
S. Korea To Tax Crypto Exchanges 24.2 Percent, In Line With Existing Tax Policy
Local news agency Yonhap reports that South Korean government has announced Monday, Jan. 22 that it will be collecting a 22 percent corporate tax and a 2.2 percent local income tax from the country’s cryptocurrency exchanges.
Read more: cointelegraph.com
Other sources:
- South Korea Plans to Collect 24.2% of Taxes on Income by Cryptocurrency Exchanges
- South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills
Lightning Network’s Pizza Day? First Ever Physical Purchase On Lightning Network
The first ever physical transaction may have been completed on the Lighting Network two days ago, according to Reddit user /u/btc_throwaway1337, who purchased a VPN Router through a payment channel provided by TorGuard.
Read more: cointelegraph.com
Other sources:
Korean Crypto Exchanges to Share Data with Banks in New Account System This Month
The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks.
Read more: bitcoin.com
What a Facebook Blockchain Token Might Look Like
Mark Zuckerberg, worth $71 billion at just 33, has done rather well by Facebook's centrally managed system. Over the past decade and a half, the social media behemoth's closed-source algorithm has quietly manipulated its millions of users' news feeds to capture maximum ad dollars and steer them all to Zuck and his shareholders.
Read more: coindesk.com
Korean Exchanges to Close for Foreign Users by End of January
Moving funds into Korean exchanges for their premium prices, or unique availability of coins, may become impossible for Western investors.
Read more: cryptovest.com
IMF Calls for International Cooperation on Cryptocurrencies
The International Monetary Fund (IMF), an organization that aims to foster global monetary cooperation and financial stability, has called for global coordination on cryptocurrencies, warning of the risks of surging cryptocurrency prices.
Read more: coindesk.com
Korean Crypto Exchanges to Share Data with Banks in New Account System This Month
The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks.
Read more: bitcoin.com
Emptied IOTA Wallets: Hackers Steal Millions Using Malicious Seed Generators
The IOTA community has recently been hit with a bit of drama, as some individuals have been left with their wallets drained due to malicious websites providing users with a new wallet seed.
Read more: ccn.com
Other sources:
56% of Russians Know About Bitcoin, New Survey Reveals
A new survey in Russia has shown that more than half of the population is aware of Bitcoin. However, Russians are mostly reluctant to purchase the cryptocurrency.
Read more: cryptovest.com
