Cryptocurrencies Market Overview - January 12, 2018

[penguinpablo]

Welcome to my Cryptocurrencies Market Overview for Friday, January 12, 2018.

Today in the news:

• Fried chicken chain KFC Canada is accepting bitcoin.
• There will be no cryptocurrency trading ban in South Korean in the short-term.
• The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges.
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin Daily chart

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - January 12, 2018

Bitcoin Eyes Consolidation as Price Flirts with $14K

Bitcoin's price is back around $14,000 and is eyeing a short phase of rangebound trading. Despite yesterday's bearish price action, the sell-off in the world's largest cryptocurrency by market capitalization seems to have come to a halt today.
_{Read more: coindesk.com}

KFC Canada Is Accepting Bitcoin for Fried Chicken

Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.
_{Read more: coindesk.com}

Other sources:

• KFC Canada Introduces ‘Bitcoin Bucket’ Of Chicken Tenders

OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says

The Blue House, the executive office and official residence of the South Korean President, has announced that there will be no cryptocurrency trading ban in the short-term.
_{Read more: cointelegraph.com}

More sources:

• Crypto Trading in Korea Continues, Questions Remain
• South Korean Police Did Not Raid Cryptocurrency Exchanges, FUD Triggers Market
• Korea’s Justice Ministry Softens Crypto Exchange Ban Proposal after Backlash

Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms.
_{Read more: bitcoin.com}

Arizona Lawmakers Want to Let People Pay Taxes in Bitcoin

A new bill submitted to the Arizona Senate would, if approved, allow people to pay their state tax liabilities using bitcoin or other cryptocurrencies.
_{Read more: coindesk.com}

Over 100K South Koreans Petition To Stop Crypto Ban, Fire Ministers

South Korea cryptocurrency users are voting en masse against the country’s prospective trading ban and demanding ministers resign.
_{Read more: bitcoinist.com}

World’s Largest Crypto Exchange Sees Exponential Growth Despite Market Lows

The largest cryptocurrency exchange in the world by trading volume, Binance, continues to see explosive growth in spite of price reductions across the market earlier this week. The company added 240,000 users in just one hour on Wednesday Jan. 10, surpassing all previous growth records.
_{Read more: cointelegraph.com}

Other sources:

• The Growing Pains of Binance’s Meteoric Rise to Success

Ukraine Will Regulate Bitcoin, Considers Issuing State Cryptocurrency

Ukrainian authorities have formed a working group comprised of major government watchdogs, authorities and the central bank to introduce ‘comprehensive regulation’ of the cryptocurrency sector.
_{Read more: ccn.com}

Other sources:

• Ukraine to Set Up Working Group on Cryptocurrency Regulation

XRP Spikes as Ripple Partners with MoneyGram for International Payments Pilot

International money transfer company MoneyGram will be teaming up with Ripple, to test Ripple’s native XRP token for international payments.
_{Read more: https://cryptovest.com/news/xrp-spikes-as-ripple-partners-with-moneygram-for-international-payments-pilot/}

Other sources:

• Ripple Price Earns MoneyGram Bounce as Market Recovers from Mid-Week Dip

Search Giant Baidu Launches Blockchain-as-a-Service Platform

Chinese web search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. Based on technology developed by Baidu, the open platform sets out to provide the most "user-friendly" blockchain service.
_{Read more: coindesk.com}

---

_{¯\___(ツ)____/¯ Don't miss out on my next post! Follow me @penguinpablo}

Comments

[brandonp]

Love seeing steem push back upwards double-digits.

[outerground]

great article. love the @penguinpablo charts. the 30 day chart is always a reality check of the general upness of coins, rather than the often startling 7 days / 24 hour volatile up and down prices. if KFC start accepting bitcoin will McDonalds follow? For these corporations, it's an interesting way to speculate. They charge and make profit which is then essentially gambled on the markets. if they win, they win.. if they lose, it all goes on to the tax sheet ! they'd all be smart to accept. With the like of GRAFT and Crypterium coming online very soon, I think Walmart and all the other marts will accept altcoins. when that happens, I think the Tsunami of opinion will be shifted in favour.. it's not until people really understand BlockChain that the world will embrace this (not quite new) technology :)

[cendana287]

"KFC Canada is accepting bitcoin" I'm hoping we will see wider usage of DigiByte. And Navcoin. These coins are ready here and now for daily use with their very fast (DGB especially) and low fee.

[tatchcapital]

Good post 🤓

[rhdmedia]

Thanks for sharing @penguinpablo

[zombie259]

Thanks for the overview

[akatsuki28121997]

how do you think about the price of sbd and steem that is getting more and more the price,
how do you think about it

[steemitaceh]

BTC up SBD down😥

[keithmontallana]

SBD will go up soon..definitely.

[pappy]

It happened before it has happened again as if I knew they wIll not ban it
And I was hear thinking the news about them banning cryptocurrency would last for a long time ,I would have loved to start buying cause I know it won't happen.well it's all good

[fauzanhaikal]

Interesting notices ,,, I like that post so ,,, and we know a lot, please go to my blog friends yes once. And upvote, thanks

[sparkofphoenix]

[gogle]

Great post, really informative diagrams. I'm trading only bitcoin and ethereum, however i'm thinking about ripple.

[nizaefanda]

cool post

[mfano]

Great job again
Thanks for sharing

[analizaconmonica]

Your orientation is very good.

[vjap55]

Thanks for the collection of information ,I really like your cgarts ,I follow you @penguinpablo

[indraperdanaok]

Thanks for sharing information bro

[kamchore]

wow great news that KFC is accepting Bitcoin. so eating tasty food on cryptocurrency is not a dream any more. other great news is steem is going up. Thanks for the info @penguinpablo

[florian-glechner]

Would be great if steem is getting better adopted or if we can stabilize the Steem Dollar Price again (to gain trust) and to get it accepted in other places than on the internet. I Think the biggest problem of Cryptocurrencies at the moment is stability of Price. If you where able to stabilize a Prize on a certain level (compaired to a FIAT Currency like the Euro or the US-Dollar) you can make this cryptocurrency easier adopted in real live situations like buying at a supermarket.

I think it takes some time to get this stability in price and if this is archived cryptocurrencies could be used on a wider range of payments also in offline transactions.

[tangmo]

Useful and interesting information! Thanks so much for sharing! ;)

[chanlay]

I am village myanmar country
my post see you please.
You can vote it.
Please help me.

[rewardpoolrape]

You're so nice for commenting on this post. For that, I gave you a vote!