Welcome to my Cryptocurrencies Market Overview for Monday, February 19, 2018.
Today in the news:
- The total Cryptocurrency market capitalization just breached $500 billion.
- Bitcoin demand in South Korea rises again as trade volume hits monthly high on South Korean exchanges.
- Litecoin Cash hard-forked from the Litecoin blockchain at block 1,371,111 yesterday.
- White House cybersecurity coordinator Rob Joyce said that the US government still has a long way to go before it begins drafting regulations on the cryptocurrency market.
- South Korean cryptocurrency exchanges made $648 million of revenue in 2017.
- And more crypto news below...
Cryptocurrencies Market Overview - February 19, 2018
24 Hour Change
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Month-to-Date Change
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Latest Crypto News - February 19, 2018
Bitcoin Breaks $11k As New Support Forms And Analysts Turn Bullish
Monday, Feb. 19: the Bitcoin price has surpassed $11,000 twice since Sunday as bullish sentiment returns to markets and new support begins to form.
Read more: cointelegraph.com
More sources about Bitcoin's price:
- Bottom Confirmed? Bitcoin at 20-Day High Above $11K
- Bitcoin Closes In on $11,000 Threshold in Fourth Day of Gains
South Korea’s Cryptocurrency Exchanges Made ‘$648 mln’ Taxable Revenue For 2017
The Upbit exchange generated more than half of South Korea’s $648 mln cryptocurrency exchange revenues in 2017, new government figures claim.
Read more: https://cointelegraph.com/news/south-koreas-cryptocurrency-exchanges-made-648-mln-taxable-revenue-for-2017
White House Official: Bitcoin Regulation Won't Happen Anytime Soon
White House cybersecurity coordinator and special assistant to the president, Rob Joyce, stated the US still has a long road ahead of it before it starts regulating the world’s first cryptocurrency.
Read more: bitcoinist.com
Other sources:
Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High
As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading volume reached a maximum value in the month following the holiday season. Over $250 million has been traded in BTC on South Korea’s leading exchange Bithumb in the past 24 hours.
Read more: www.newsbtc.com
Number of Cryptocurrency Hedge Funds doubled in the last 4 months
According to the data compiled by the financial technology research house, Autonomous NEXT, the number of hedge funds grew by 100% in the last 4 months from 110 in Oct 2017 to 226 in Feb 2018. The assets under management also have increased to around $5 billion.
Read more: coinsocial.io
Polish Central Bank Secretly Funds Anti-Crypto Youtube Propaganda Videos
The Central Bank of Poland has admitted to funding anti-cryptocurrency campaigns on social media, specifically Polish Youtuber Marcin Dubiel and his Dec. 2017 video, “I LOST ALL THE MONEY?!,” Polish news portal money.pl reports.
Read more: www.zerohedge.com
PC Giant Lenovo Seeks Blockchain Validation Patent
A new Lenovo patent filing suggests that the Chinese technology giant could look to using blockchain as part of system for verifying the validity of physical documents.
Read more: www.coindesk.com
Other sources:
Australian Watchdog Received 1,200 Crypto Scam Complaints in 2017
Australia's consumer watchdog has reportedly received over 1,200 complaints about cryptocurrency scams in 2017.
Read more: www.coindesk.com
Other sources:
- Crypto ‘Scams’ Have Affected Over 1.2k Australian Investors In 2017
- More than 1,200 people complain to ACCC about Bitcoin scams
So, the ‘Litecoin Cash’ Hard Fork Happened – Is It Legit?
A token project called “Litecoin Cash” (LCC) performed a hard fork on the Litecoin blockchain late yesterday, creating a token that trades on four minor exchanges. Is it a legitimate experiment with blockchain technology, or an attention-grabbing pump? We examine some of the details you should look at in this and any other hard-fork token offering.
Read more: bitsonline.com
EOS Revises Launch Plans, Questions of Value Arise
The EOS ecosystem may have a select and exclusive group of 21 master stakers, creating questions about token value and the democracy of the system.
Read more: cryptovest.com
Bancor Bounce Back? A Once-Doubted ICO Is Winning Adoption
When Bancor held its initial coin offering (ICO), it raised a lot of money and a lot of questions. Now, eight months on, the project seems to have found a role in the market.
Read more: www.coindesk.com
A must read Beginner’s Guide to getting started with Cryptocurrencies
This article is a breakdown of the basics and the major things every investor should know, including what crypto wallets are and how to use them, how to trade, where to trade, what to look for in good projects.
Read more: medium.com
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