🗞 Daily Crypto News, January 19th 💰

vlemon (76) in bitcoin • 7 years ago (edited)

Nearly 2M South Koreans Used Mobile Crypto Apps Last Week;
Where'd You Get That Token? 7 Platforms Managing ICOs;
Overwhelmed Cryptocurrency Exchanges Are Hiring Staff by the Hundreds;
Morgan Stanley Now Clearing Bitcoin Futures for Clients, Helping Institutions Gain Exposure
Arizona State University Partners With Dash to Fund Research, Scholarships
Busy.org Statistics & Big Data: 🚀 End of 2017 Update 🚀

🗞 Nearly 2M South Koreans Used Mobile Crypto Apps Last Week

Over the past few months, South Korea has become one of the world’s biggest cryptocurrency hubs. Local exchanges generate billions in volume every single day, divided among the top and smaller cryptocurrencies. Even though the government is looking to curb cryptocurrency trading, the general population is not too bothered. A new study shows that close to two million South Koreans use cryptocurrency apps right now.

🗞 Where'd You Get That Token? 7 Platforms Managing ICOs

As in any growing business, you can tell this is happening when new third-party providers crop up with ever-more specialized services.

In the ICO industry, that's the handful of platforms that have recently launched to support token issuers throughout the life of their sales – providing investor verification, receiving and managing money, securing funds and distributing the tokens (or simple agreements for future tokens, also called SAFTs) on issuers' behalf.

🗞 Overwhelmed Cryptocurrency Exchanges Are Hiring Staff by the Hundreds

Cryptocurrency exchanges have been overrun for months, as record demand has caused throttling or restriction of service altogether. With exchanges buckling under the strain, a number of platforms have been forced to temporarily shut their books. On Thursday, Bitstamp announced plans to recruit 100 new call center staff as it struggles to feed the crypto frenzy.

🗞 Morgan Stanley Now Clearing Bitcoin Futures for Clients, Helping Institutions Gain Exposure

Morgan Stanley is now clearing Bitcoin futures for their clients, meaning that Goldman Sachs is no longer the sole Wall Street firm doing so. Morgan Stanley joins Goldman Sachs, TD Ameritrade, E*Trade and others in clearing CME and Cboe Bitcoin futures.

“I wouldn’t say it’s been a lot of activity, but it’s for core institutional clients who want to participate in a derivatives transaction.”

🗞 Arizona State University Partners With Dash to Fund Research, Scholarships

Arizona State University (ASU) has announced a partnership with the digital currency Dash that will provide $350,000 to “accelerate research, development, and education in ways that advance blockchain transaction speed, efficiency, security, and expand its uses.” The funds will be allocated as follows:

“ASU welcomes this initiative and is ready to play its role in creating a potent Blockchain research and innovation environment for young talents to develop practical Blockchain applications.”

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7 years ago by vlemon (76)

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tonygreene113 (59) · 7 years ago

Looks like 2018 will start to get its projects underway in a good way.

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lukebrn (58) · 7 years ago

That is huge for Dash! Two million mobile app users is also great news, which shows just how widely adopted cryptos are starting to become in certain countries.

Thanks for all of the updates @vlemon, really helpful as always!

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1 vote

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vlemon (76) · 7 years ago

You are welcome, take care @lukebrn

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lukebrn (58) · 7 years ago

Thank you!

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yuvi (48) · 7 years ago

You posts are quite helpful.

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1 vote

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taufique (25) · 7 years ago

Nice post

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kingmans (50) · 7 years ago

Good new

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jerrybanfield (74) · 7 years ago

Thank you @vlemon for making a transfer to me for an upvote of 1.62% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?

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minnowsupport (70) · 7 years ago

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Mr.Lemon from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

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Be sure to leave at least 50SP undelegated on your account.

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booster (68) · 7 years ago

This post has received a 0.96 % upvote from @booster thanks to: @vlemon.

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arlysonhabe (30) · 7 years ago

with those numbers, south korea is going to become a hub for cryptocurrency exchanges.
The government is losing out and it will try to brake on the speed at which the cryptomarket is rising just like here in Africa. but they can't touch us coz they are not in control. Big up south korea

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grisotti (11) · 7 years ago

Great post! Come with me!

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