The Best in Crypto – 2/1/18

South Korea Finance Minister Confirms ‘No Ban’ on Cryptocurrency

On Jan. 31, Dong-Yeon reaffirmed that the South Korean government will not ban or “suppress” cryptocurrency in the country (Cointelegraph).

Bitcoin Trader After a Discussion With His Accountant: ‘F*ck Taxes’

Frustration is felt by many in the Bitcoin community regarding taxes, and the responses are discussed – to the point of giving tips on how to hide your true earnings from being taxed (Market Watch).

This Startup Lost $160 Million But Still Wants to Shake Up Ethereum 

Ethereum startup Parity Technologies is in the process of bouncing back from their $160 million loss, and its recent release of Node Software (which improves the speed of its Ethereum client while adding a range of updates) seems to be its most successful method (Coindesk).

Worries Grow That the Price of Bitcoin is Being Propped Up 

Virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been propped up by a widely used exchange called Bitfinex, which has a history of hacks and opaque business practices (New York Times).

Bitcoin Plunges Over Fear Tether Traders Inflated Cryptocurrency Price

More on the cryptocurrency price drop in January, and the suspicious exchange Bitfinex (Metro).

Bitcoin drops Below $10,000 – Again 

For the third time in two weeks, Bitcoin price dropped below $10,000. Bitcoin seems to be negatively impacted on the same day India’s finance minister said the country didn’t recognize Bitcoin as a legal tender (Business Insider).

Arun Jaitley Has Just Killed India’s Cryptocurrency Party

During today’s budget speech, Finance Minister stated that the government will do anything to discontinue the use of Bitcoin and other virtual currencies in India (Quartz).

Samsung Confirms It’s Now Making Cryptocurrency Mining Chips 

Samsung said that this year it will provide 8-nanometer and 11nm processes to meet marketing needs, as well as starting a “risk protection” of 7nm (Coindesk).

Why Bitcoin may Not Be a Digital Gold After All 

Comparison of values, trends, and opinions on the worth of Bitcoin and Gold (Fortune).

The Rise and Fall of Bitcoin

Investors in Bitcoin are Learning Some Very Old Lessons (The Economist).

 

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