Cryptocurrencies Market Overview - January 31, 2018

Welcome to my Cryptocurrencies Market Overview for Wednesday, January 31, 2018.

Today in the news:

• Bitcoin Core 0.16.0rc1 is released. This means we can expect the actual 0.16 release in a few weeks. This version finally has full Segwit support so no one will have an excuse anymore to not implement Segwit.
• South Korea does not intend to ban cryptocurrency trading, the country's finance minister has said.
• Line, the messaging app with 200M+ monthly users announces to add Cryptocurrency trading.
• Facebook is banning all ads for bitcoin, cryptocurrencies, and ICOs.
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin daily chart

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - January 31, 2018

Bitcoin Is Back Above $10K But Gains Could Be Short-Lived

Bitcoin is back above $10,000, but the gains could be short-lived, the price charts indicate. The 15 percent drop from the weekend high of $11,942.25 signals a continuation of the series of lower highs on the price chart, suggesting the bears remain in control.
_{Read more: coindesk.com}

More sources:

• Bitcoin Price Holds Above $10,000 But Markets Remain Firmly in the Red

South Korea Won't Ban Crypto Trading, Says Minister

South Korea does not intend to ban cryptocurrency trading, the country's finance minister has said. In response to a question from a lawmaker on the government's plans for regulation of the industry, Kim Dong-yeon said, "there is no intention to ban or suppress cryptocurrency [market]," as reported by Reuters today.

_{Read more: coindesk.com}

Other sources:

• South Korea doesn't intend to shut down virtual coin trading: finance minister (Reuters)
• South Korea Has No Intention to Ban Cryptocurrency Exchanges, Confirms Finance Minister (CCN)

Major Japanese Chat App LINE To Open Crypto Exchange For Its 200 Mln Monthly Users

Major Japanese social messaging app LINE has announced today, Jan. 31, that it is launching its own crypto exchange and in-app trading space for its 200 million active monthly users. According to LINE’s official statement today, their application to operate a new cryptocurrency exchange is currently sitting before Japanese regulators.
_{Read more: cointelegraph.com}

Other sources:

• Line Pay App to Launch Cryptocurrency Services
• Chat app Line announces plan for cryptocurrency services, loans and insurance
• Japan’s Biggest Chat App Line Applies For Cryptocurrency Exchange License

Facebook is banning all ads for bitcoin, cryptocurrencies, and ICOs

Cryptocurrencies are a Wild West of sorts — and Facebook has had enough. The social network is banning all ads related to bitcoin, cryptocurrencies, and ICOs, it announced on Tuesday, as it attempts to crack down on scams and fraud.
_{Read more: businessinsider.com}

Other sources:

• New Ads Policy (Facebook.com)

Samsung Is Now Building Bitcoin Mining Chips, Report Says

Samsung has started mass producing bitcoin mining chips in partnership with an unidentified Chinese mining company.
_{Read more: coindesk.com}

Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro

Venezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency.
_{Read more: bitcoin.com}

Other sources:

• Venezuela Says Crypto Mining Now ‘Perfectly Legal,’ Announces Petro Presale (Cointelegraph)
• Venezuela says will pre-sell 'petro' cryptocurrency on Feb. 20 (CNBC)

Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First

Turkish football team Harunustaspor announced Tuesday, Jan. 30, that it will pay a player partially in Bitcoin (BTC), local news outlet CNN Turk reports.
_{Read more: cointelegraph.com}

Crypto Exchange Bittrex Outlines Token Listing Criteria

Seattle-based cryptocurrency exchange Bittrex has today made public its criteria for listing and delisting tokens.
_{Read more: coindesk.com}

Hackers Behind $530 Million Coincheck Heist Begin Moving Stolen Funds

The hackers behind last week’s $530 million Coincheck heist have once again begun moving the stolen XEM tokens, marking the beginning of what will likely be a cat-and-mouse game to launder the funds.
_{Read more: ccn.com}

Lisk Price Blazes Past $25 After Exchange Listing

As the day progresses, we are witnessing some interesting developments in the world of cryptocurrency. With most markets in the deep red right now, it’s all the more surprising that the Lisk price is in the green. More specifically, its value has increased by 13.25% in the past 24 hours. As a result, we now have a Lisk price of over US$26, although it peaked well above US$33 earlier today.

_{Read more: themerkle.com}

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