Five-minutes crypto news Jan-21

in #cryptocurrency7 years ago (edited)

• Poloniex has not been crediting user account balances when orders are cancelled. Users also complained of their account balances reflecting inaccurate or even negative amounts. https://goo.gl/5r5JBM

• The CBOE’s first Bitcoin futures contract closed Wednesday, Jan. 17, at $10,900. Reuters reported on the futures contract closing as a “win for bitcoin bears over the bulls.” https://goo.gl/4JHmdf

• NYSE parent firm ICE and Blockstream will create “CoinMarketCap for Wall Street”. They plan to pull data from 15 major exchanges and deliver it to big financial names, including hedge funds and professional trading firms, in a format designed to let them easily take work with up-to-date metrics. https://goo.gl/pMd9bM

South Korea
Some government officials from the Financial Supervisory Service (FSS), who were aware of forthcoming announcements about significant restrictions on trading, bought and sold cryptocurrency just before that information went public. “There is no code of ethics and no code of conduct for virtual currency investment in FSS regulations, so it’s difficult to say about punishment at this stage.”
https://goo.gl/ChQ5HU

• Blockchain.info Wallet opens the ability to buy and sell Bitcoin. The company plans to add Ether and Bitcoin Cash exchanges. https://goo.gl/jkNW5X

• Gold sales spiked during crypto market crash, highlighting inverse correlation. “We think increasingly people are realizing that these digital assets have much higher risk levels than the traditional safe haven asset [that is gold].” https://goo.gl/1iZBjC

• SEC released a staff letter, which makes the case that companies offering cryptocurrency-based investment products are not yet able to comply with SEC regulations.
“For example, how would they address when the blockchain for a cryptocurrency diverges into different paths (i.e., a “fork”), which could result in different cryptocurrencies with potentially different prices?” https://goo.gl/gdkfXB

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