Crypto News 

South Korea Seeks Measures to Curb Bitcoin Frenzy

“Separately, Woori Bank and Korea Development Bank will shut down virtual accounts offered to cryptocurrency exchanges before year-end, according to the banks” writes Kyungji Cho Shinhye for bloomberg.com. Korea premium is down to about 3% from about 30% last week South Korea will restrictively allow cryptocurrency trading on only qualified exchanges and review a possible capital gains tax on crypto trading as a way to restrain the nation’s frenzied speculation.Monthly cryptocurrency trading volume on South Korea’s largest exchange Bithumb surged to 56 trillion won ($51 billion) in November from 305…

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Crypto News 

Apple Lets Fake Ethereum Wallet Sneak into App Store, Climbs to #3 During Weekend Bitcoin Frenzy

“Apple let a fake Ethereum wallet sneak into the App Store” writes Bryan Chaffin for macobserver.com. Cryptocurrencies are stored in wallets, and there are many legitimate cryptocurrency wallets on the App Store.The app was technically a wrapper for MyEtherWallet.com, a popular and legitimate Ethereum wallet.The app could have been designed to steel credentials or just outright steal Ethereum right out of the wallet.The good news is that the app has been pulled since TechCrunch broke the story early Monday morning. Source: macobserver.com Share This:

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Crypto News 

Bitcoin soars above $17,000, boosting worries and a worldwide frenzy

“As bitcoin prices were setting records, hackers this week reportedly made off with $70 million in the digital currency after targeting NiceHash, a cryptocurrency platform” reports washingtonpost.com. GDAX on Thursday reported bitcoin’s price of more than $17,000.It launched as a digital currency – without physical coins such as dimes or nickels – and was accompanied by an online payment network, similar to Paypal.Yet, for Wall Street investors, bitcoins have remained a fringe product, too awkward — and potentially hazardous — to buy and sell. Source: washingtonpost.com Share This:

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Crypto Futures Markets News 

The bitcoin frenzy right now is like dot-com bubble in 1995, digital currency hedge fund manager says

“If you look at the internet in 1995, that’s where you are in digital currencies,” said Kelly, portfolio manager of the BKCM Digital Asset Fund” writes Dado Ruvic for cnbc.com. Nasdaq, meanwhile, plans to launch its own bitcoin futures as early as the second quarter of 2018.”That being said, there’s a massive runway here digital currencies.”. In addition to trading bitcoin in the unregulated cash market, CME Group and Cboe Global Markets are set to unveil bitcoin futures, which add a layer of federal government oversight.Cboe bitcoin futures are set…

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Crypto Markets News 

A Bitcoin Frenzy Like No Other Is Gripping South Korea

“The craze has spread so far that, in Korea, bitcoin is trading at a premium of about 16 percent over prevailing international rates” writes Kyungji Cho Yuji for bloomberg.com. Like thousands of South Koreans, Moonsung Bae is infatuated by bitcoin.So many Koreans have embraced bitcoin that the prime minister recently warned that cryptocurrencies might corrupt the nation’s youth.There’s no definitive explanation for why bitcoin has grown so popular in Korea, but local analysts point to a mix of geopolitical and cultural factors.Kim adds to his holdings of bitcoin and about…

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News 

Black Friday frenzy as throngs of shoppers line up for deals around the country

“This year, Deloitte has forecast retail holiday sales to increase a “healthy” 4 to 4.5 percent compared with last year” writes Lauren Thomas for cnbc.com. NRF, the industry’s trade group, is predicting a 3.6 to 4 percent gain in retail holiday sales.Wal-Mart opted to keep its stores open all day on Thursday, with Black Friday deals beginning at 6 p.m. Source: cnbc.com Share This:

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News 

Black Friday draws early shoppers, but real frenzy is online

“More people picked up deals online and the traditional rush was split by stores opening the night before” reports foxbusiness.com. Wal-Mart, Target, Macy‘s, JC Penney and other retailers opened their stores on Thursday evening and most have been offering extended deals online starting as early as October.There were some signs, however, on Thursday night of the shopping frenzy that Black Friday is traditionally known for.Amazon began touting its sales for Cyber Monday, one of the biggest days for online shopping, on Friday and said shoppers using its digital assistant Alexa…

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Crypto News 

Bitcoin Cash Trading Frenzy Highlights Major Infrastructure Issues at Kraken Exchange

“No one will be surprised to learn the Kraken exchange is not doing too well these days” writes Jp Buntinx for livebitcoinnews.com. Every time we see some major cryptocurrency trading action, the same exchanges suffer from issues.More specifically, the exchange can’t keep up with the trading volume on the platform. Source: livebitcoinnews.com Share This:

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