Daily News Writeup: Goldman Backed Circle Buys Poloniex!!!

This is NOT Financial Advice

Market Analysis
The markets are green again today with 9 out of the top 10 coins on coinmarketcap rising
BTC is back above $10,000 (trading at about 10,480) up almost 10% over a 24 hr period
NEO is up big, over 21%, at $144. This could be because of Binance's announcement today supporting ONT airdrops https://support.binance.com/hc/en-us/articles/360001183332

Daily News
Breaking: Mobile Payments App Circle Acquires Crypto Exchange Poloniex For $400 Mln
https://cointelegraph.com/news/breaking-mobile-payments-app-circle-acquires-crypto-exchange-poloniex-for-400-mln

Circle is partly funded by Goldman Sachs, Baidu, and a number of other notable firms. Poloniex is one of the older exchanges and is ranked 14th largest exchange by 24 hour trading volume. This move should speak volumes with how big companies are starting to invest in crypto, either directly or through indirect associations.

This move also signals a growing trend of established companies forming closer ties to crypto. Upbit - one of South Korea's largest exchanges - was established earlier this year by a subsidiary of internet company Kakao.

Self-Proclaimed 'Satoshi' Craig Wright Sued For $10 Billion

https://www.coindesk.com/satoshi-craig-wright-sued-10-billion/

Self-proclaimed "Satoshi Nakamoto" Craig Wright is being sued for $10 billion by a representative of David Kleiman. Kleiman was a computer scientist and cyber-security expert, whom many suspect to have been one of the developers behind Bitcoin and the Blockchain technology.

The plaintiff claims that Wright stole hundreds of thousands of BTC, worth over $10 billion dollars at today's rate, from David Kleiman's estate.

Bitcoin Core 0.16.0 With 'Full Support' For SegWit Gets Official Release

https://cointelegraph.com/news/bitcoin-core-0160-with-full-support-for-segwit-gets-official-release

What this means for the bitcoin network is cheaper transaction fees and reduced processing times. This is already in effect as we've seen prices drop from over $30 to around 70 cents.

Other News
What Ban? China's Crypto Exchanges Didn't Just Survive - They're Thriving
https://www.coindesk.com/chinas-crypto-exchanges-didnt-just-survive-theyre-thriving/

Why We Shouldn't Pay Much Attention To Regulation In China, At Least For Now
https://cointelegraph.com/news/why-we-shouldnt-pay-much-attention-for-regulation-in-china-at-least-for-now

Taiwan's New Central Bank Chief Eyes Blockchain Boost
https://www.coindesk.com/taiwans-new-central-bank-chief-eyes-blockchain-boost/

Swiss Stock Exchange Chairman Sees 'Upsides' To Launch Of Crypto Franc
https://cointelegraph.com/news/swiss-stock-exchange-chairman-sees-upsides-to-launch-of-crypto-franc

Tech Legend Steve Wozniak Scammed Out of $70K in Bitcoin
https://www.coindesk.com/tech-legend-steve-wozniak-scammed-70k-bitcoin/

50 Cent Says He 'Never Owned' Bitcoin in New Court Filing
https://www.coindesk.com/50-cent-never-owned-bitcoin-rapper-claims-court-filing/

Thai Crypto Exchange Pauses ICO Registrations, Awaits Release Of Regulatory Framework
https://cointelegraph.com/news/thai-crypto-exchange-pauses-ico-registrations-awaits-release-of-regulatory-framework