Altcoin News - Japan Crypto Leader, BitFlyer Exchange, Blockchain, Crypto Market, Brazil, Berlin

@altcoinbuzz daily update(23/1/18) covered by Shaylan

To start off today we have seen a little bit of a bounce up in the cryptocurrency market from the two days of continous downfall

The first story covered was about the dominance of Japan in the cryptocurrency space taking the No 1 spot, Land of the Rising Sun has now become the Land of Cryptocurrencies.

This could be justified by the fact that The Japanese currency, the yen, accounted for 56.2% of Bitcoin (BTC) as of January 15. The U.S. dollar was a distant second with 28.4%, while all other currencies accounted for 15.4%.
Source: https://cryptovest.com/news/japan-claims-global-leadership-in-cryptocurrency-space/

In addition to that Japanese bitcoin and cryptocurrency exchange BitFlyer has expanded into Europe after it landed a payment license to operate across the EU.
The data from Coinmarketcap shows that BitFlyer is the world’s 14th largest exchange based on volume, with more than $294 million trading in the last 24 hours at the time of writing. Bitcoin is the dominant choice for BitFlyer users, having account for $287 million of that 24-hour trading. That’s around the same amount traded on Coinbase.
Source : https://techcrunch.com/2018/01/23/bitflyer-comes-to-europe/

The second story entails the fact that almost all startups or listed companies that are not performing too well in the stock market are slapping on the blockchain badge even if they have no correlation to it whatsoever.
We saw this with a little-known micro-cap stock called Long Island Iced Tea Corp. (LTEA) said Thursday that it's now "Long Blockchain Corp.," and its stock leaped more than 200 percent at the open of trading. Shares closed up 183 percent, the same also goes with KODAK. Hopefully this trend ends soon and shift focus to actual projects that are innovating in the Cryptocurrency sector.

The third point covered was about the future of cryptocurrency , yes its true the current crypto market is facing a beating but knowing the fact that the technology being developed and used has acutal real world applications implies the fact that its here for the long run , so like Jeff says HODL.
Some examples where the blockchain technology is prevalent and in use :

* Boeing is using blockchain to document the supply chain for the thousands of parts that come together in airplane manufacturing. The aerospace giant is also seeking to patent a blockchain application aimed at countering GPS spoofing, a technique for hacking into an airplane’s navigation system.
* Maersk is working with IBM on a blockchain-based system for tracking shipping containers as they make their way around the world.
* Everledger has created a blockchain registry for verifying the origin and authenticity of diamonds and other luxury goods.
* Walmart has teamed up with IBM and a wide range of partners on blockchain projects aimed at tracking Chinese pork, Mexican mangoes and other international food shipments.

Source : https://www.geekwire.com/2018/cryptocurrency-may-ups-downs-blockchains-stock-rise/

The fourth point talked about the affect that the economy could have if there was a complete collapse of Bitcoin, surprisingly the answer is no. Bitcoin's overall market value, when compared with stocks, bonds and gold, is so tiny that a total collapse wouldn't cause major harm to the economy or financial system. Bitcoin's current market value is $179.5 billion, according to coinmarketcap.com. That's far lower than the U.S. stock market's value of nearly $28 trillion, the U.S. government bond market at roughly $20 trillion, or gold, with its estimated value of $7 trillion.
"If the price of bitcoin fell to zero today, the paper losses would be equivalent to a 0.5% fall in U.S. stock prices," says Redwood.
Source: https://www.usatoday.com/story/money/2018/01/23/bitcoin-if-currency-crashed-plunge-would-harm-its-investors-but-not-economy/1041093001/

The fifth point was more about world adoption of cryptocurrency, where the number of bitcoin investors in Brazil has already surpassed the total number of individuals registered on the São Paulo Stock Exchange The country’s three biggest bitcoin exchanges – which process about 95% of all cryptocurrency transactions in Brazil – had 1.4 million registered clients in December 2017. The current influx of new investors are so high that new registrations have been suspended similar to Binance, this has been done in order to upgrade their infrastructure.
Source:https://news.bitcoin.com/there-are-at-least-twice-as-many-bitcoin-traders-in-brazil-as-stock-investors/
Also Berlin has been recognised as the Bitcoin capital of Europe , where ESMT encourages blockchain education and accepts Bitcoin as their form of payment further details of this is in the source link below
Source :https://www.thelocal.de/20180123/why-berlin-remains-the-bitcoin-capital-of-europe-in-2018

The top cryptocurrency twitter updates include :

1. Trade.io gets listed on Kucoin

1. Tron's first Beta version - Exodus will be launched on March 31

1. PIVX has been listed on Binance

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