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Crypto Bloodbath Leaves Altcoins Swimming in a Sea of Red

Anyone glancing at their Blockfolio app on Tuesday morning would have been in for a rude awakening. With every single cryptocurrency drowning in a sea of red, newcomers could have been forgiven for feeling a little queasy. A drama-filled day, dominated by negative news from South Korea and China, saw bitcoin fleetingly kiss four figures on some exchanges before rebounding sharply. On Wednesday, BTC fell to $10k once again, joining altcoins that are mired in the red.  Also read: Markets Update: The Top 68 Cryptos Dive During the January Slump Bitcoin Hits Rock Bottom 2018 is scarcely older than a fortnight and already it’s shaping up to be more action-packed, …

Classified Ads Site in South Africa Reports Increase in High-Ticket Bitcoin Listings

Online classifieds and community website, Gumtree South Africa, has reported a significant increase in the number of listings posted specifically asking to trade items for bitcoin. In particular, the website reports a proliferation in the number of listings for luxury vehicles that are asking for bitcoin as payment. Also Read: Markets Update: The Top 68 Cryptos Dive During the January Slump Gumtree South Africa Reports Significant Increase in Luxury Items Listed in Exchange for Bitcoins The head of marketing for Gumtree South Africa, Claire Cobbledick, has attested to the proliferation of listings requesting payment in the form of bitcoin on the peer-to-peer online marketplace. Mrs. Cobbledick told local media that “There’s …

Six Ways to Ruin Your ICO Before It’s Even Started

ICOs are like weddings: months of planning comes to one big day. If the event goes off without a hitch, it will bring in a lot of money. But with the world watching, the stakes are high. One slip and you risk losing it all: the bouquet, the immaculate wedding dress, and the $20 million in ether you’d been promised. Planning an ICO is hard work. Ruining one is surprisingly easy, as a number of recent projects have demonstrated. Also read: Telegram Followers – The New Metric for Cryptocurrency Success One Shot, One Opportunity “If you had one shot or one opportunity to seize everything you ever wanted in one moment, …

New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation

New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading New Exchanges Entering the Market Despite regulatory uncertainty, new entrants are hurrying to launch cryptocurrency exchanges in South Korea. “An increasing number of information technology (IT) companies, such as gaming and security, have declared to enter the cryptocurrency exchange market,” Business Korea reported on Monday. Two Kosdaq-listed companies, in particular, are “accelerating the establishment of …

France Appoints a Cryptocurrency ‘Mission Leader’

Week after week regulators and governments have been announcing plans to regulate digital currencies like bitcoin. This week in France on January 15 the Minister of the Economy Bruno Le Maire announced his decision to create a “digital currencies mission” and a working group that will work towards regulating cryptocurrencies. In addition to the digital currency objectives, Le Maire appointed the former Bank of France (BOF) deputy governor, Jean-Pierre Landau, as the new working groups leader. Also Read: Pineapple Will Match up to $4M in Bitcoin to Test Curing PTSD With Psychedelic Drug A New Cryptocurrency Mission Will Begin In France Dedicated to Regulatory Action Jean-Pierre Landau believes bitcoin is …

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