Crypto News

Hello steemians,

After bouncing back from last week Bitcoin 400$ drop, market return to a relative calm , cruising in bullrun mode.

.Ico's becomes hot topic lately with so many successful Initial Coin offering (ICO).
Two days ago , the browser Brave sold 1.5 billion tokens for 36$ millions in 24 seconds.
Distribution has not been fair as 12 000 transactions hit the BAT contract adress but only 190 transactions was enought to buy all available tokens.
With few transactions over 1M$ valu , distribution has been unbanlanced as only 4 adress own close to 50% of BAT's tokens and top 100 adress own 98%.

So many transactions in such short period of time has spiked ETH transactions fees as we commonly see with bitcoin network.
Looking to Ethereum average transaction fee historical chart:

                 Will ETH have scalable problem aswell?

.PBOC central bank of China want to regulate ICO's.

.Cryptocurrency withdrawals options are available again on the big three Chinese Exchange Huobi, OKcoin and BTCC.
Are chinese investors going to invest more in altcoins after being only able to trade Bitcoin and Litecoin for so long?


.China mining farms are misteriously relocating or closing down operations.
Are they preparing their business to a new regulation or shutdown coming from China authorities?
As most of the bitcoin hashrate is coming from mining farm in China we should keep an eye on that.

.Daniel Masters chairman of XBT provider preddict 4000$ per Bitcoin by the end of 2017.
His company offering bitcoin tracker exchanged in Stockholm's Nasdaq exchange has received an increase in coverage and penetration into the retail and institutional market.

.QuadrigaCoinEX lost 13M$ due to ETH smart contract bug:

                             Enjoy your day!

Links:
https://bitinfocharts.com/comparison/ethereum-transactionfees.html
https://btcmanager.com/36-million-in-24-seconds/
http://bitcoinist.com/china-central-bank-regulate-ico/
http://www.altcointoday.com/chinas-bitcoin-mining-farms-are-relocating-or-closing-down-operations/
http://www.altcointoday.com/bitcoin-price-will-rise-to-4000-by-the-end-of-2017/