Bitcoin and cryptocurrency roundup: 24 January 2018

Andrew Munro 24 January 2018 NEWS

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What's new?

South Korea plans to crypto-anonymity, ICO review sites get left in hot water following theft and bitFlyer becomes the first exchange to get licensed in Japan, Europe and the USA.

Plus, early bitcoin advocate Stripe ditches the legacy coin citing high fees and slow transactions, and price predictions for MakerDAO.

1. South Korea plans to end anonymity

From 30 January cryptocurrency traders will be required to use their real names when buying and selling on local exchanges.

How many follow the rules, how many move offshore and how many find other ways to skirt the rules remains to be seen.

2. Can you trust the ICO reviews?

Don't believe everything you read. Or every passport you check.

Benebit, an ICO that was given the green light by experts, who it turns out were taken in by a fake passport, has disappeared with about US$3 million.

3. bitFlyer flies around the world

The Tokyo-based exchange is estimated to facilitate around 25% of the world's bitcoin transaction volume, and has now become the first exchange to get licensed in Japan, the USA and now Europe.

4. Stripe changes its spots

Stripe was the first major payment platform to accept bitcoin, over four years ago. Now it's changed its mind, dropping bitcoin in the face of high fees, slow transfers and increasing numbers of failed transactions, and hinting at a partnership with Stellar Lumens instead.

5. What's the DAO making?

MakerDAO (MKR) has seen some success lately. Specifically its paired Dai stablecoin has remained firmly pegged to US$1 even during tumultuous times on the market.

Check out a MakerDAO price prediction to find out how MKRs value can grow while Dai stays almost exactly the same.


Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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