QUOTE OF THE DAY
“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.”
South Korea to Step Up Supervision of Bitcoin Trading
Following a meeting with the International Monetary Fund (IMF), South Korea is pushing for structural reforms which include strengthening the management and supervision of digital currency transactions including bitcoin.
Russia Promises Regulation Will Not Kill ICOs
According to Bitcoin News, Russia’s First Deputy Prime Minister Igor Shuvalov promised not to let initial coin offerings (ICOs) in Russia “die” because of regulations last week. Despite bills being prepared to regulate them, President Vladimir Putin has said that ICOs hold “tremendous potential” and should not be obstructed.
Number Of Bitcoin Miners In Venezuela Swells To 100,000
Tyler Durden of ZeroHedge writes about how Venezuela’s worsening economic collapse has created something of a social experiment in the use of a digital currency as a de facto currency.
Bitcoin mining consultant Randy Brito estimates that about 100,000 Venezuelans are "mining," although it is impossible to have an exact figure because many are protecting themselves by using servers in foreign countries
You can read more about this here.
What Else Is Going On?
THINGS I LIKE
Questions to Ask When Evaluating ICOs
You all know I'm a big fan of questions, and that's why I like this. Bruce Fenton discusses a set of criteria by which investors can analyze ICOs and cryptocurrencies.
The criteria are:
- Accounting and legal
- Community, management and team
- Supply and demand
- Industry/institutional backing
- X factor
You can read more about them here.
My Current Sentiment: Bearish.