Welcome to my Cryptocurrencies Market Overview for Tuesday, January 30, 2018.
Today in the news:
- Transaction fees on the Bitcoin network have fallen to unbelievable low levels. Even 2-5 Satoshi/byte transactions are getting confirmed right now.
- Most cryptocurrencies have dropped in value after strict rules on trading were imposed by South Korea today. However, it is highly unlikely that South Korea will ban crypto exchanges now that their pension fund has invested in four of the larger exchanges.
- Samsung has begun manufacturing ASIC chips designed for Bitcoin mining.
- And more crypto news below...
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Latest Crypto News - January 30, 2018
Bitcoin dips as South Korea's cryptocurrency rules come into effect
Five of the most popular cryptocurrencies have dropped in value after strict rules on trading were imposed by South Korea on Tuesday.
Read more: telegraph.co.uk
More sources about Bitcoin's price:
- $10K Exposed? Bitcoin Bulls Fail to Defend Price Floor
- Bitcoin, Ether drop as cryptocurrency rules go live in South Korea
- Cryptocurrency value dips as South Korea begins crackdown
Samsung Begins Manufacturing ASIC Chips for Bitcoin Mining Rigs: Report
Electronics giant Samsung has begun manufacturing ASIC chips designed for Bitcoin mining, according to local media reports. The firm, which owns one of the world’s largest semiconductor manufacturing plants, completed the development of its ASIC chips last year and began mass production this month.
Read more: ccn.com
South Korean National Pension Fund Invests in Cryptocurrency Exchanges
The South Korean National Pension Fund has been indirectly investing billions of won in cryptocurrency exchanges. The exchanges include Korbit, Upbit, Coinplug, and Bithumb.
Read more: financemagnates.com
South Korea Ends Anonymous Cryptocurrency Trading Today
The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies.
Read more: bitcoin.com
Over 1 Million People in Line for Robinhood’s Bitcoin Trading App
Young Americans are signing up in droves to a new cryptocurrency trading service, showing the massive unmet demand in the market for more bitcoin trading venues. Cryptocurrencies are coming soon to the Robinhood platform and traders appear to be following them in anticipation.
Read more: bitcoin.com
Philippines to Monitor Crypto Market but Not Keen on ICO Ban
Philippine regulators said they would not ban ICOs but will be on their guard against abuses.
Read more: cryptovest.com
Other sources:
German Regulator Orders Crypto Exchange to Halt Brokerage Business
German Financial Supervisory Authority (BaFin) has ordered Crypto.exchange GmbH, a Berlin-based exchange, to immediately stop acting as a financial broker.
Read more: coindesk.com
Hong Kong to Educate Public on Crypto and ICOs
Hong Kong authorities have launched a campaign to educate the public on the risks associated with ICO and cryptocurrency investment.
Read more: coindesk.com
Cryptocurrencies Facing Regulatory, Tax Clampdown, Expert Says
Cryptocurrency expert Garrick Hileman from the University of Cambridge said that regulators worldwide might soon impose tighter regulation on cryptocurrencies.
Read more: cryptovest.com
'Bitcoin Could Alter the World', Says Former U.S. Senator Judd Gregg
Former New Hampshire governor and three-term senator Judd Gregg has said he believes bitcoin could alter how the world views currency.
Read more: coindesk.com
Other sources:
US Financial Regulator Requests Crypto Trading Data From South Korea
The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks.
Read more: bitcoin.com
Bitcoin mania is hurting PC gamers by pushing up GPU prices
Bitcoin and other cryptocurrencies like Ethereum, Ripple, and Litecoin have soared in value over the past year, thanks to continued interest from a range of investors. As the price of these cryptocurrencies has increased, graphics cards have also seen big price increases thanks to retail stock shortages. A range of mid- or high-end graphics cards from AMD or Nvidia are in short supply, mostly due to cryptocurrency miners buying them in bulk to build machines to mine bitcoin and similar cryptocurrencies.
Read more: theverge.com
