You Can Now Use Square’s Cash App to Trade Bitcoin
Square (SQ), the payment company, has announced that instant buying and selling of Bitcoin is now available to most of its Cash App customers.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
South Korea Has No Plans to Ban Crypto Exchanges
According to Reuters, South Korea’s finance minister has stated that the government has no plans to shut down cryptocurrency exchanges or ban cryptocurrency trading.
GBTC Stock Split Explained
The Bitcoin Investment Trust (GBTC) split 91 -1. This move will make GBTC’s price better reflect the price of Bitcoin and will make GBTC more affordable for smaller investors.
Over A Million Signed Up For Robinhood’s Crypto Trading App
Over a million people signed up for early access to Robinhood’s crypto trading app (including me). So keep that in mind when you think “what if crypto is over?”
Forget the Bitcoin Problems, Look to the MANY Bitcoin Forks
Between 2017 and 2018 there at least 20 Bitcoin forks planned, if not more. Each fork potentially nets Bitcoin holders “free coins” based on their current Bitcoin holdings.
South Korea to Tax Exchanges, As Opposed to Ban Exchanges
Previously we had heard that South Korean government raided some exchanges and were flirting with a crypto ban. However, the ban is unlikely as it seems like they are taxing exchanges instead.
Bitconnect Halts Lending and Exchange Platform – Updates
Bitconnect shut down its lending and exchange platform with little warning. Investors subsequently lost 90% of their value on paper. Here is everything you need to know.
Major Crypto Correction
For reasons that aren’t fully clear, but likely relate back to the recent alt boom and South Korea news, cryptocurrency entered a correction period.
South Korea Crypto Crackdown Causes Correction; but No Ban
A crackdown on crypto exchanges in South Korea caused a crypto correction. With that said, there is no ban in the short term and it is likely domestic exchanges will be regulated and not shut down in the long term.
CoinMarketCap.com Drops South Korean Exchanges and Causes Sell-off
CoinMarketCap dropped three South Korean exchanges from its site data on Jan 7th. This brought the price of all coins down on their platform and it caused a sell-off.