Crypto News 

South Korean Banks Stop Issuing Accounts for Crypto Trading, Ahead of a Ban

“The South Korean government crackdown on cryptocurrencies continues to intensify, causing many banks to stop issuing accounts that are required for crypto trading” reports financemagnates.com. Officials have been racing to create and implement regulations that will inhibit banks from dealing with crypto trading.All of these steps are being taken with the intent to limit the risks associated with the fast-expanding and relatively unknown field of crypto trading.The FSC has already placed a ban on ICOs within the country, and has cracked down on trading cryptocurrencies on credit.Some of the major…

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Crypto Markets News 

$500 Billion: Ethereum, Ripple Prices Carry Crypto Market Cap to Historic Milestone

“At present, the ethereum price is trading at a global average of $681, which translates into a $65.6 billion market cap” writes unknown author for cryptocoinsnews.com. Ordinarily, one expects these market cap rallies to coincide with dramatic bitcoin price climbs, but that was not the case today.That’s because the ripple price exploded by 71 percent amid insatiable demand from Korean traders.The ethereum price posted an impressive advance for the second-consecutive day, rising 25 percent and briefly extending as high as $686.Cryptocurrencies achieved another historic milestone this week, as their combined…

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Crypto News 

Nvidia crypto mining opportunities likely to persist in 2018: analyst

“NVDA, -1.73% will continue to benefit from the mining of cryptocurrencies in 2018, even if the Ethereum blockchain moves past the use of graphics-processing units as Bitcoin BTCUSD, -5.07% has” writes Emily Bary for marketwatch.com. Susquehanna analyst Chris Rolland made a similar point about Nvidia and Advanced Micro Devices Inc.AMD, +2.78% in a Tuesday note, pointing out that Ethereum joining Bitcoin as an ASIC-driven mining task would be a “modest negative” for those two companies.The analysts pointed out that there are plenty of newer cryptocurrencies for which miners could use…

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Crypto Markets News 

OKEx Becomes First Cryptocurrency Exchange to Create a Bitcoin Cash Market

“Cryptocurrency exchange OKEx created the first bitcoin cash market, enabling users to trade tokens directly against BCH without using BTC or ETH as an intermediary” writes unknown author for cryptocoinsnews.com. First, bitcoin cash proponent Roger Ver made a high-profile appearance on CNBC yesterday, where he promoted bitcoin cash to many viewers who had likely never heard of it.The creation of the first bitcoin cash market was just one of a flurry of developments that OKEx announced this week.Nevertheless, the announcement is likely bullish for bitcoin cash moving forward, especially if…

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Crypto News 

7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin

“The skinny: Bitcoin Cash is among the newest of the cryptocurrencies, developed in August of 2017 as a hard fork of bitcoin” writes Shawn Langlois for marketwatch.com. The philosophical divide between bitcoin and Bitcoin Cash was aptly described by Forbes as “Cypherpunk Vs.Bitcoin Cash was created by a team of people who forked the bitcoin blockchain ledger.In mid-November, Bitcoin Cash briefly topped Ethereum’s market cap to become the second-most valuable crypto, but since then has fallen firmly back into third place. Source: marketwatch.com Share This:

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Crypto News Stocks 

4 tips on protecting your money from bubbles — even if you’re holding bitcoin

“Of course, that cheer may lose its fizz, once those stock gains are stacked up against the outsized gains for bitcoin this year” writes Markets Reporter for marketwatch.com. Meanwhile, January bitcoin futures XBTF8, -4.13%  are keeping a grip on $18,000, and bitcoin BTCUSD, -2.52%  itself is hanging onto the $17,000 handle.The folks at Stansberry Churchouse Research (h/t ValueWalk) remind investors that bubbles are pretty prevalent, and they’re not just a worry for bitcoin and its 1,600%-in-a-year gain.Stansberry provides our call of the day, with a four-step strategy to protect your…

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Crypto News 

“The Crypto Industry Does Not Meet the Minimal Security Standard”

“No, the industry as a whole does not meet minimal security standards” reports financemagnates.com. When conceptualizing an authentication system, cryptocurrency service providers should take inspiration from blockchain-based platforms.The cryptocurrency market is gaining traction in the financial industry as the price of Bitcoin goes through the roof and attracts more and more public interest.But there’s one facet of this industry that seems pushed to the sidelines – blockchain cyber security. Source: financemagnates.com Share This:

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Crypto Futures Markets News 

Bitcoin Price, Crypto Markets Trade Up After Cboe Futures Launch

“The bitcoin price climbed nearly 20 percent in the hours following the launch of the bitcoin futures on U.S. derivatives exchange Cboe” writes unknown author for cryptocoinsnews.com. Regulated bitcoin futures contracts made their much-anticipated debut on Sunday, and — perhaps to the surprise of many analysts — traded up.January futures rose more than $2,000 to $17,500, while March futures traded as high as $19,330.Perhaps buoyed by this bullish outlook, the bitcoin price rose approximately 19 percent for the day, from $14,159 on Sunday to $16,738 on Monday.The IOTA price rose…

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Crypto News 

An unofficial, knockoff version of the MyEtherWallet digital wallet app became the third most popular in the paid finance category in the iOS App Store

“The iOS app costs $4.99 and it first landed on the App Store just over a week ago” writes Jon Russell for techcrunch.com. An app masquerading as MyEtherWallet.com, one of the internet’s most popular services for storing ETH and other crypto coins, has made its way to the top of the iOS App Store charts.The irony of Apple allowing a crypto knockoff app into the App Store won’t be lost on regular watchers who will recall that the U.S. firm has removed all VPN apps from China this year at the behest…

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Crypto Markets News 

Regal Assets Launches Its Long-Awaited Crypto IRA to Service US Retirement Accounts

“Regal Assets is now one of the rare custodians in the US to offer all major digital currencies in a retirement account” writes unknown author for cryptocoinsnews.com. Regal Assets was started in 2009 and is known for helping individual investors allocate part of their existing or previous retirement accounts into alternative assets without incurring any taxes or penalties. Source: cryptocoinsnews.com Share This:

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