Daily Crypto Digest 1/12 - South Korea declares no trade ban, Goldman Sachs researchers recognize crypto as valuable money, Ripple partnership with moneygram
Photocred: Coinscenario.com
- South Korea Reaffirms NO TRADING BAN! -
South Korean officials came out on the record and showed their sentiment for the situation. They are not hasty to move forward and in the short term they claim no ban to be soon, if at all. This sounds like the ban was placed on the able just to show people the seriousness of the situation, and that this statement is to relieve those of their fears but instill that they will have some control in the end. They're playing their game of chess, and they are moving eloquently given their position.
https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says
Photocred: Cointelegraph
- Goldman Sachs recognizes BTC as money -
Goldman Researchers came out to say that they see a demand for cryptocurrency as a monetary exchange and store of value. They also go on to say that in countries like Venezuela or Zimbabwe could benefit and are in demand for such an exchange. And also in countries like India or China to serve unbanked populations. Goldman Sachs is also going to be opening a crypto trading desk by 2018.
Researchers claims:
https://news.bitcoin.com/goldman-sachs-recognizes-bitcoins-future-potential/
Crypto desk at goldman Sachs:
https://news.bitcoin.com/goldman-sachs-goes-crypto/
- Ripple goes global, gets partnership with MoneyGram -
Photocred: Cointelegraph
Now, as much as I cannot stand ripple and wished this was a partnership with another similar crypto (dare I call ripple a cryptocurrency). The overall centralization of ripple is not in the spirit of crypto at all, but the market talks.. And most of the market is in it for the money. This is saddening to me, but it is what it is. Now the giant that has gotten such attention in recent weeks is getting partnerships based upon the markets sentiment. I think we're making a huge mistake giving power to this machine.
Many argue great returns trading ripple, and I could have bought in at .30 cents knowing something like this was going to occur. However, selling crack gives great returns too. Remember, your money is VOTING power in this evolving space.
http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/
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I'm Jeff, and I'm @followbtcnews.
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the korean ban was just a way to create a FUD and it worked cause markets crushed. Riplle is making all the smart moves in catching the banks and money transfer, love it or hate it its moving up
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