The top 50 cryptocurrencies all fell approximately 18% in just 24 hours.

  • It’s official: cryptocurrency trading in South Korea can no longer continue under terms of anonymity.
  • Also, India virtually outlawed cryptocurrency trading, its Finance Minister, Arun Jaitley, stating that “The government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.”

 

On the positive side…

  • The UK’s Royal Mint is about to launch its own gold-backed cryptocurrency: Royal Mint Gold. One coin will be equivalent to one gram of gold.
  • Bitcoin trading is now available with the Square Cash App, boosting Square’s stock by more than 3% upon its close on Wednesday, January 31.

 


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