Cryptocurrencies Market Overview - March 08, 2018

Today in the news:

• Bitcoin is going down for a third day due to fears of a regulatory clampdown on cryptocurrency exchanges in Japan and the US.
• The MT Gox trustee has sold 35,841 BTC for $362 million between December 2017 and February 2018.
• Binance has reversed all irregular trades. All deposit, trading and withdrawal are resumed.
• Japanese regulators have punished 7 crypto exchanges for failure to comply with government standards on customer protection.
• Merriam-Webster, the American dictionary, now officially contains the words “Cryptocurrency”, “ICO”, and “Blockchain”.
• And more crypto news below...

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Latest Crypto News - March 08, 2018

Bitcoin Drops Below $10,000 In Hours As Volatile Cycle Continues

No end in sight for range-bound Bitcoin as prices dip below $10k again Thursday.
_{Read more: cointelegraph.com}

Bitcoin slumps further as Japan and SEC revive regulatory concerns

Bitcoin slumped for a third day amid fears of a regulatory clampdown on cryptocurrency exchanges in Japan and the US, the world’s most active markets for digital assets.
_{Read more: www.telegraph.co.uk}

More sources:

• Crypto Prices Slide as SEC Demands Exchange Registrations

MT Gox Trustee Sold Half a Billion Dollars Worth of Bitcoin and Bitcoin Cash

The MT Gox trustee has sold 35,841 BTC for $362 million and 34,008 BCH for $45 million according to reports coming out of a creditors meeting held earlier today. Mark Karpeles, MT Gox’s former CEO, said the sums were “sold between December 2017 and February 2018 with the assistance of a bitcoin exchange.”
_{Read more: www.trustnodes.com}

Other sources:

• Meet The 'Man' Who Crashed Bitcoin In 2018 (Zerohedge)
• Bitcoin Price Hit 2018 Lows Because Of $400 mln Mt.Gox Sell-Off: Reports (Cointelegraph)

Binance Claims Hackers Lost Money in Stealing Attempt; ONT Trading to Begin Soon

While hacking rumors at the biggest crypto exchange by trading volume, Binance, led to panic in the community, an official statement claims that all funds are safe and the hackers are the ones losing money this time.
_{Read more: cryptovest.com}

Other sources:

• Binance Reverses Irregular Trades, Resumes Trading Amidst Community Confusion About Hack
• Did the Binance Hack Cause Bitcoin to Crash?
• Viacoin: Why This Asset was at the Center of the Binance Storm

Coincheck Crypto Exchange to Compensate Hack Victims

Japanese cryptocurrency exchange Coincheck has announced it will start compensating customers that suffered losses in its January hack starting from next week.
_{Read more: www.coindesk.com}

Japanese Financial Regulator Issues ‘Punishment Notices’ For 7 Crypto Exchanges

The Japanese Financial Services Agency (FSA) has sent “punishment notices” to seven crypto exchanges and temporarily halted the activities of two more after a round of inspections prompted by January’s Coincheck hack, CNBC reports Thursday, March 8.
_{Read more: cointelegraph.com}

Other sources:

• Unregistered Japanese Crypto Exchanges Could See Suspension Orders: Report
• Japanese Regulator Penalizes Seven Crypto Exchanges

Cryptocurrency, ICO and Blockchain Officially Added to the Dictionary

Merriam-Webster, the prestigious American dictionary founded in 1831 and today owned by the even more prestigious Encyclopædia Britannica, now officially contains the words “Cryptocurrency”, “ICO”, and “Blockchain”.
_{Read more: news.bitcoin.com}

Other sources:

• ‘Cryptocurrency’, ‘ICO’ and ‘Blockchain’ Enter 190-year Old Merriam-Webster

Bithumb to Bring Bitcoin ATMs and Kiosks to South Korea

Addressing the addiction of South Korean society to cryptocurrency, the country’s largest cryptocurrency exchange – Bithumb – is planning to bring Bitcoin ATMs and kiosks to the tiny peninsular nation, according to the local news outlet ZDNet Korea.
_{Read more: www.financemagnates.com}

SWIFT Claims 'Huge' Progress on DLT Bank Pilot

Interbank messaging platform SWIFT has published the results of a long-running distributed ledger proof-of-concept project.
_{Read more: www.coindesk.com}

Other sources:

• SWIFT’s Blockchain Pilot For Bank-To-Bank Transfers Went ‘Extremely Well’

Twitter Taking Action to Halt Crypto Scams

Following the perpetration of various cryptocurrency-related scams on its platform, social media website Twitter is taking steps to halt and prevent the spread of misleading and potentially harmful misinformation.
_{Read more: cryptovest.com}

Circle’s Coinbase-Like Cryptocurrency Investing App Enters Closed Beta

Fintech startup Circle’s Coinbase-like cryptocurrency investing app “Circle Invest” has entered a closed beta.
_{Read more: www.ccn.com}

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