Welcome to my Cryptocurrencies Market Overview for Friday, January 12, 2018.
Today in the news:
- Fried chicken chain KFC Canada is accepting bitcoin.
- There will be no cryptocurrency trading ban in South Korean in the short-term.
- The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges.
- And more crypto news below...
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Latest Crypto News - January 12, 2018
Bitcoin Eyes Consolidation as Price Flirts with $14K
Bitcoin's price is back around $14,000 and is eyeing a short phase of rangebound trading. Despite yesterday's bearish price action, the sell-off in the world's largest cryptocurrency by market capitalization seems to have come to a halt today.
Read more: coindesk.com
KFC Canada Is Accepting Bitcoin for Fried Chicken
Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.
Read more: coindesk.com
Other sources:
OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says
The Blue House, the executive office and official residence of the South Korean President, has announced that there will be no cryptocurrency trading ban in the short-term.
Read more: cointelegraph.com
More sources:
- Crypto Trading in Korea Continues, Questions Remain
- South Korean Police Did Not Raid Cryptocurrency Exchanges, FUD Triggers Market
- Korea’s Justice Ministry Softens Crypto Exchange Ban Proposal after Backlash
Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges
The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms.
Read more: bitcoin.com
Arizona Lawmakers Want to Let People Pay Taxes in Bitcoin
A new bill submitted to the Arizona Senate would, if approved, allow people to pay their state tax liabilities using bitcoin or other cryptocurrencies.
Read more: coindesk.com
Over 100K South Koreans Petition To Stop Crypto Ban, Fire Ministers
South Korea cryptocurrency users are voting en masse against the country’s prospective trading ban and demanding ministers resign.
Read more: bitcoinist.com
World’s Largest Crypto Exchange Sees Exponential Growth Despite Market Lows
The largest cryptocurrency exchange in the world by trading volume, Binance, continues to see explosive growth in spite of price reductions across the market earlier this week. The company added 240,000 users in just one hour on Wednesday Jan. 10, surpassing all previous growth records.
Read more: cointelegraph.com
Other sources:
Ukraine Will Regulate Bitcoin, Considers Issuing State Cryptocurrency
Ukrainian authorities have formed a working group comprised of major government watchdogs, authorities and the central bank to introduce ‘comprehensive regulation’ of the cryptocurrency sector.
Read more: ccn.com
Other sources:
XRP Spikes as Ripple Partners with MoneyGram for International Payments Pilot
International money transfer company MoneyGram will be teaming up with Ripple, to test Ripple’s native XRP token for international payments.
Read more: https://cryptovest.com/news/xrp-spikes-as-ripple-partners-with-moneygram-for-international-payments-pilot/
Other sources:
Search Giant Baidu Launches Blockchain-as-a-Service Platform
Chinese web search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. Based on technology developed by Baidu, the open platform sets out to provide the most "user-friendly" blockchain service.
Read more: coindesk.com
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