📰 CoinSheet - Dec 15, 2017 📰
"No man is rich enough to buy back his past."
-Oscar Wilde
CoinSheet Issue#145
Dec 15, 2017
COIN BULLETIN
South Korea Is Not Banning Crypto
A few days ago there was some news and even FUD (fear, uncertainty, doubt) going around that South Korea would make an announcement of some type of cryptocurrency ban this Friday.
That didn't happen.
Instead, it looks like South Korea went with the regulatory approach and gave an announcement that South Korean exchanges must comply with six new guidelines that are meant to protect customers.
In order for an exchange to operate legally in South Korea, it must adhere to the following six conditions:
Customer funds must be stored separately from the exchange’s fund.
Exchanges must provide users with a thorough explanatory warning of investment risks.
Exchanges must confirm their users’ names and identities.
They must establish an adequate anti-money laundering system
They must provide proper asset protection, such as dispersion of users’ cryptographic keys.
They must make all order-book bids public so as to increase transparency.
Pretty good move from South Korea. You want to nurture a new environment, not stifle it.
A share a day keeps the SEC away...
US Government to Sell Off $10 Million in Seized Bitcoin and Bitcoin Cash
Coindesk reports that the U.S. government is planning to sell off confiscated bitcoins seized during an opioid drug case that are now worth almost $10 million in the wake of the recent spike in prices.
Don't worry, they're auctioning them off at market rates...again. Guess they didn't learn from the first few times they did that...
What else is going on...
Survey says most bitcoin investors expect even fatter returns in 2018.
Ethereum browser bug could put user funds at risk.
UK's FCA Chief warns bitcoin investors.
German stock exchange is contemplating adding bitcoin futures.
THINGS I LIKE
Crazy Things That Have Happened With Cryptocurrencies
Store Of Value (a cryptocurrency blog) brings you crazy things that have happened with cryptocurrencies.
For me, the most ridiculous thing by far was when that one user “accidentally” locked out more than 1 million ether (worth $280 million at the time) and then basically said "woops."
You can read their article here.
How many of these things were you around for?
Other people might like it too
MARKET SENTIMENT
Top 5 Winners
Top 5 Losers
What Am I Looking At?
Bitcoin is doing that thing again where it feels like it's sucking the air out the room. The weekly chart of bitcoin (see below) is kinda scary and hard for me to ignore.
With that said, I'm still closely monitoring ZCoin, Ripple, NEO, and Bitcoin Cash. If want my updates throughout the day, follow me on Twitter or find out how to join our Discord.
Help Raise the Tide of Crypto
Invite Your Friends
Unique Link: *|REF_LINK|*