Cryptocurrencies Market Overview - April 3, 2018
Today in the news:
- The South Korean city of Seoul is developing its own cryptocurrency, the "S-Coin".
- The Ethereum community is considering a hard fork to fight ASIC miners.
- Steem's price is doing great today! :)
- Google has banned cryptocurrency mining browser extensions from the Chrome store.
- The Japanese online broker Monex is planning an acquisition of the hacked crypto exchange Coincheck.
- And more crypto news below...
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Latest Crypto News - April 03, 2018
Bitcoin Price Surges 6% to $7,350 as Cryptocurrency Market Gains $10 Billion
After recording a rebound from $6,500 to $7,000 on April 2, the price of bitcoin has surged 6 percent again today, on April 4, as the entire cryptocurrency market recorded a daily gain of $10 billion.
Read more: www.ccn.com
South Korea's Capital Is Planning to Launch Its Own Cryptocurrency
The South Korean city of Seoul is developing its own cryptocurrency - the "S-Coin" - to be used in city-funded social benefits programs, says its mayor.
Read more: www.coindesk.com
Ethereum Community Considers Hard Fork To Fight ASIC Miners
Ethereum developer Piper Merriam opened Ethereum Improvement Proposal (EIP) #958 on Github on March 30, presenting the idea of a possible hard fork in the Ethereum (ETH) protocol to invalidate ETH ASICs.
Read more: cointelegraph.com
Japanese Brokerage Firm May Acquire Hacked Coincheck Exchange
Tokyo-based cryptocurrency exchange Coincheck, which suffered a major hack early this year, may soon be under new management. According to Nikkei sources, Monex - an online brokerage firm also based in japan - is considering buying a majority stake in the exchange. Under the possible deal, Monex would reportedly replace the management team and rebuild the Coincheck platform itself.
Read more: www.coindesk.com
Other sources:
- Billions of Yen: Major Japanese Brokerage Could Rescue Crypto Exchange Coincheck
- Japanese Exchange Coincheck Receives Acquisition Offer
- Japanese Online Broker Monex Plans Acquisition Of Hacked Crypto Exchange Coincheck
SEC Halts Mayweather-Endorsed ICO, Charges Founders With Fraud
The U.S. Securities and Exchange Commission has halted an initial coin offering and charged its founders with "orchestrating a fraudulent initial coin offering," the regulator said Monday night.
Read more: www.coindesk.com
Other sources:
- Floyd Mayweather-Backed ICO Co-Founders Arrested for Fraud
- SEC Busts Fraudulent ICO Endorsed By Floyd Mayweather, Founders Defrauded $32 Mln
Bitcoin Foundation’s Jon Matonis: Bitcoin ‘Is Pin To Pop’ World Finance Bubble
In an Apr 2 interview with Business Insider, during the Innovate Finance conference in London, Jon Matonis took the opportunity to tell the mainstream media publication that the concept of Bitcoin being in a ‘bubble’ was hypocritical. “To the people who say bitcoin's a bubble, I would say bitcoin is the pin that's going to pop the bubble,” he said.
Read more: cointelegraph.com
Other sources:
Blockchain is Not the Only Tech Behind Bitcoin, Banks Are Mistaken
Contrary to the statements, studies, and findings of leading financial institutions, the blockchain is not the only technology behind bitcoin.
Read more: news.livecoinwatch.com
Google Bans Crypto Mining Browser Extensions
Google has banned cryptocurrency mining browser extensions from the Chrome store.
Read more: www.coindesk.com
Other sources:
- Google Bans All Cryptocurrency Mining Extensions From Chrome Web Store
- Google Moves Against Cryptojacking, Bans Chrome Mining Extensions
Bank of Japan Sets Up Crypto Q&A Page
The Bank of Japan has published an educational material in the form of Q&A that deals with virtual currencies.
Read more: cryptovest.com
New AML Rules for Australia's Bitcoin Exchanges Kick In Today
Australia's cryptocurrency exchanges must now follow new rules aimed to counter money laundering and terrorism financing (AML/CTF).
Read more: www.coindesk.com
Other sources:
- Australian Cryptocurrency Exchanges are Under Regulation, Starting Today
- Australia Launches New Cryptocurrency Exchange Regulations
Tokyo-Based Chat Giant Line Launches Blockchain Affiliate in South Korea
Line Plus, the mobile platform subsidiary of Japan’s most popular messaging app Line, launched its Blockchain affiliate, Unblock, in South Korea on April 2.
Read more: cointelegraph.com
Other sources:
Local Bitcoin Trading Volumes Spike in Canada After Bank Bans
Global trading volumes on the peer to peer Localbitcoin exchange have nearly halved recently from $130 million to $75 million. But some jurisdictions show a very different story. Canada in particular, has seen a considerable spike from around $1 million to $8 million per week.
Read more: www.trustnodes.com
Never trade on news headlines...
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Good to see Steemit recovering much quicker than the big boys, but 24h volume is still minuscule.
What could have possibly caused STEEMs price to go up almost 30% and destroy most of the market? I didn’t hear anything at this point. Not complaining, just surprised! Any thoughts? Thanks for the update!
Could be the announcement for Hivemind to help with communities. It's all a little too technical for me to understand, but I think it's a good thing!
https://steemit.com/steem/@steemitblog/update-communities-hivemind
This is very much possible.
good information, get reward by joining the following event.
Reward for providing best trading opportunities - Round 17- Opening -5 April 2018
Thanks as always for your informative updates :₩
S-Coin
seems interesting
Do you think it will become successful ?
Buy on red sell on green so now i can just wait for ath or buy lower.
Very informative, thanks for sharing. I've smashed the upvote button for you!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
damn want some of that scoin like your post learning new stuff everyday about crypto
Why do these governments insist on their own cryptocurrency, isn't the whole point to get away from government control...?
Since it’s for funding social programs I assume it’s due to the transparent nature of the blockchain. It’s a lot easier to donate/pay taxes if I can physically see where the money is going.
I wonder if we will get to a point where the market becomes saturated with coins. Everyone and their uncle has the potential to make coins with some of these new platforms make it very easy. I think 2018/2019 will be a period of weeding out. Last June/July when we had the ICO frenzy a lot of coins received millions of dollars is investments and most roadmaps had a year or two before scheduled completion, which gives the creators plenty of time to either figure how to actually do what they say they will, or realize that they are in way over their head.