| Market • Today markets are reacting a second time to the news that South Korea will ban anonymous exchanges starting January 30. Bitcoin prices fell to $10,000 this afternoon, but then rose to $11,200. Read more… • Coinbase reportedly made $1 billion in revenue in 2017. By December, Coinbase had over 13 million users -- more than mainstream brokerage firm Charles Schwab. The success of Coinbase has not gone unnoticed by investors and venture capitalists. However, Coinbase shareholders have been told not to sell their shares to outside parties. Read more… • Huobi, the cryptocurrency exchange, has announced that they will issue 'Huobi Token'. "HT is not an initial coin offering (ICO). Users can only get HT by purchasing 'Point Card' on Huobi Pro". The company will devote 20% of profits each year to a buyback program to bring the HT off the market. Read more... Regulation • Tokyo-based crypto exchange bitFlyer was issued a Payment Institution license to operate in the European Union. Yuzo Kano, CEO of bitFlyer: "I am proud that we are now the most compliant virtual currency exchange in the world". Read more... • US companies who change their name to include the word 'Blockchain' could soon face increased scrutiny from regulators. Cointelegraph previously reported on several businesses changing their names. The effect of this has been to dramatically increase the value of those businesses' stock.  More • A young Ph.D student has won 1 bitcoin by cracking a code in a tube of DNA. The DNA contained instructions on how to claim the bitcoin. You can also read One-minute letter via Telegram. |
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