Daily Crypto Digest - BREAKING NEWS! South Korea Proposes exchange bans & major exchanges raided, Venezuela Petro backed cryptocurrency set to launch, US Marshalls auctioning 3800BTC, What happened to Bulgaria's 200,000 BTC?

South Korea proposes exchange bans

"The office spoke out after news reports indicated Wednesday that the South Korean Justice Department is planning legislation that would pave the way for exchanges in the country to be shut down to largely halt cryptocurrency trading. Reuters reported soon after that the Justice Ministry had said that a bill was forthcoming."

https://www.coindesk.com/korean-official-cryptocurrency-exchange-ban-not-finalized/

Raid on Bithumb & Coinone South Korea exchanges

South Korea follows through with crackdown on exchanges starting by raiding Bithumb and Coinone Wednesday and Thursday. Reuters claimed.

A Bithumb employee said tax auditors came, but that there wasn't a "raid" per say.
Following up with coinbase, it seems like all crypto buy ins will be found. Good luck y'all hope you have good documentation!

https://www.coindesk.com/south-korea-reportedly-expands-crackdown-bitcoin-exchanges/

Photocred: freethoughtproject.com

Update on Venezuelas Petro Cryptocurrency "El Petro"

Mining will be limited to government only, and premined. Does this even make it a cryptocurrency? Sounds like they just want ripple backed by physical assets. Which is fine, SLIGHTLY better than fiat. But- is this what we the crypto world are willing to accept? This is no better than fiat backed by government reserves of gold or other assets. The government still controls it all and can truly change their mind or do whatever they want. Too much power in my opinion. Sounded like a great concept on paper, but yet... Still, is just a government centralized shitcoin.

https://news.bitcoin.com/venezuela-pre-mine-petro-launch/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

US Marshals service to auction off 3800 BTC
Earlier in the year they auctioned off approx 2,700 BTC. Worth 1.6m at the time, now that same amount is worth about 38M.

Now, they have a stack of 3800 BTC! Which they will auction off in stacks of 100, 500, and one last lump sum of 818 BTC.

https://www.coindesk.com/us-marshals-service-to-auction-off-3800-bitcoins/

Where's Bulgaria's 200,000 siezed BTC's?

Remember articles claiming Bulgaria siezed enough bitcoins to clear 1/5 of it's debt? Now, even though specific numbers were previously released.. They are taking the stance that "no bitcoin were ever confiscated" could this be they don't want anyone looking for their BTC?

I think it's odd that officials released SPECIFIC numbers, yet.. Now, claim nothing.

https://news.bitcoin.com/the-mystery-of-the-bulgarian-bitcoins-sparks-questions-again/

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mousumimou (56) 7 years ago

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charitybot (64) 7 years ago

What is even more beneficial as a crypto investor is staying up to date on world news in general, especially in countries with big players, and deducing how these events could possibly affect crypto without it being explicitly stated, stay ahead of the curve!

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