Cryptocurrencies Market Overview - March 6, 2018

Today in the news:

• Unfortunately, most cryptocurrencies have erased yesterday’s gains.
• Ledger released firmware 1.4 for the Ledger Nano S. You can now install up to 18 apps on the device.
• Kakao, the South Korean firm behind the popular chat app KakaoTalk, is planning on establishing a unit dedicated to blockchain technology and is considering launching an ICO.
• A South Korean travel website with over 50,000 hotels will begin accepting 12 cryptocurrencies.
• The U.S. Marshals are set to auction off nearly $25 million worth of bitcoin later this month.
• And more crypto news below...

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Latest Crypto News - March 6, 2018

Cryptocurrency Market Erases Yesterday’s Gain, Ripple Drops 11%

Yesterday, on March 6, the global cryptocurrency market moved closer to the $500 billion mark, as it peaked at $475 billion. Today, the market dropped by nearly $30 billion in value, as major cryptocurrencies recorded losses.
_{Read more: www.ccn.com}

Tethers Have a Competitor: TrueUSD (TUSD) Promises Audited Fiat Backing

USDT trading sees a competitor, as tokens move to replace or represent fiat in Bitcoin trading pairs.

_{Read more: cryptovest.com}

Korean Messaging Giant Kakao to Launch Blockchain Subsidiary

South Korean internet giant Kakao, which owns the popular messaging app Kakao Talk, is reportedly moving to integrate blockchain technology in its business.
_{Read more: www.coindesk.com}

Other sources:

• South Korea’s Largest Messaging App Plans Blockchain Unit with ICO Launch
• South Korean chat app provider Kakao to launch blockchain unit

US Marshals to Sell $25 Million in Bitcoin at Auction

The U.S. Marshals are set to auction off nearly $25 million worth of bitcoin later this month. The government agency announced Monday that it will put approximately 2,170 bitcoins on the auction block, with the sale planned for March 19. Would-be bidders must submit a $200,000 deposit and complete the registration requirements by March 14 to participate, according to the Marshals Service.
_{Read more: www.coindesk.com}

Other sources:

• US Marshals Service To Sell Nearly $25 Mln Worth Of Seized Bitcoin At Auction

South Korean Travel Site with Over 50,000 Hotels to Accept 12 Cryptocurrencies

A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to a partnership between its operator and Bithumb, a major cryptocurrency exchange in Korea.
_{Read more: news.bitcoin.com}

Coinbase Hit by Two Class Action Lawsuits, One Alleges Insider Trader Information

Cryptocurrency exchange Coinbase is facing two class action lawsuits, one of which is claiming insider trader information.
_{Read more: coinjournal.net}

Georgia now Considering Bitcoin Tax Payments

Georgia has become the latest U.S. state to consider Bitcoin for tax payments. The bill proposed by two senators of the state would allow citizens to pay their tax duties in Bitcoin.
_{Read more: www.crypsign.com}

Bitcoin on Lightning Too Risky? Maybe Ice Cream Will Tempt You

An experimental San Francisco service is seeking to entice bitcoin users to explore the its in-development Lightning payments network.
_{Read more: www.coindesk.com}

Japan’s Finance Giant SBI Buys 40% Of Taiwanese Crypto Hardware Wallet Company

Japanese financial services group SBI Holdings has bought 40% of Taiwanese cryptocurrency hardware wallet company CoolBitX, according to a press release published March 2.
_{Read more: cointelegraph.com}

Other sources:

• Japanese Banking Giant SBI Invests in Cryptocurrency Hardware Wallet Maker

New firmware update 1.4.1 available for the Nano S

Ledger just announced the release of the Ledger Nano S firmware 1.4, which brings several functional changes, new UX features as well as a few security improvements. One key update that they are really excited about: with the firmware 1.4, you’ll be able to install many more applications on your Ledger Nano S!
_{Read more: www.ledger.fr}

GMO Has Mined Millions of Dollars in Bitcoin Already

The cryptocurrency mine launched by Japanese IT firm GMO Internet has generated more than $3 million in revenue over the past three months.
_{Read more: www.coindesk.com}

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