🗞 Daily Crypto News, December 14th💰

• Institutional Sights Set on Bitcoin, Crypto Going Into 2018;
• Man Allegedly Kidnaps Friend at Gunpoint and Steals $1.8m of Cryptocurrency ;
• IOTA Drops 15% Following Clarification of Microsoft Misunderstanding
• Digital Currencies vs. Cryptocurrencies, Explained
• South Korean Banks Drop Crypto Accounts as Government Plans a Ban

Crypto has been a magical journey so far. Nevertheless, I would advise everyone and especially new comers to be careful as it can go down as fast as it went up.

Take care my CryptoFriends.

🗞 Institutional Sights Set on Bitcoin, Crypto Going Into 2018

If the November and December crypto bull market and flurry of institutional attention have taught us anything, it’s that Bitcoin and its cohorts are red hot going into 2018. Mainstream exposure has ignited public interest in cryptocurrency, and financial institutions can’t wait to get their hands into the market. Meanwhile, governments are scurrying to accommodate crypto and its markets in their regulatory frameworks, as all signs point to 2018 as being blockchain’s year of adoption and regulation.

Read more & Source: https://themerkle.com/institutional-sights-set-on-bitcoin-crypto-going-into-2018/

🗞 IOTA Drops 15% Following Clarification of Microsoft Misunderstanding

The price of cryptocurrency IOTA has retreated to below $4.20 per token as of press time, after breaching the $5 level to an intraday high of $5.03 during yesterday’s trading session. The drop follows the recent clarification that IOTA’s collaboration with Microsoft is not an official partnership.

Read more & Source: https://cointelegraph.com/news/iota-drops-15-following-clarification-of-microsoft-misunderstanding

🗞 Man Allegedly Kidnaps Friend at Gunpoint and Steals $1.8m of Cryptocurrency

A man has appeared in a New York court charged with robbing an acquaintance of his cryptocurrency hoard. Louis Meza allegedly had a gunman point a pistol at his friend’s head after luring him into a minivan and persuading him to part with his wallet seed. The offense, which is reported to have taken place on November 4, netted $1.8 million in cryptocurrency.

Read more & Source: https://news.bitcoin.com/man-allegedly-kidnaps-friend-gunpoint-steals-1-8m-cryptocurrency/

🗞 Digital Currencies vs. Cryptocurrencies, Explained

What are digital currencies?

Digital currencies are money used on the Internet.

Digital money exists only in the digital form. It doesn’t have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as classic fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for the goods and services, such as mobile and Internet communication, online stores and others. Digital currencies don’t have geographical or political borders; transactions might be sent from any place and received an any point in the world.

Actually, digital accounts and wallets may be regarded as bank deposits.

What are cryptocurrencies?

Cryptocurrencies are a variety of digital currencies.

Cryptocurrency is an asset used as a means of exchanging. It is considered reliable because it’s based on cryptography.

Read more & Source: https://cointelegraph.com/explained/digital-currencies-vs-cryptocurrencies-explained

🗞 South Korean Banks Drop Crypto Accounts as Government Plans a Ban

South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements include Shinhan Bank, Korea Development Bank, and Industrial Bank of Korea.

Read more & Source: https://news.bitcoin.com/south-korean-banks-crypto-accounts-government-plans-a-ban/?=OneSignal+Push

🗞 Daily Crypto News, December 13th💰
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