Cryptocurrencies Market Overview - January 29, 2018

Welcome to my Cryptocurrencies Market Overview for Monday, January 29, 2018.

Today in the news:

• Major Japanese electronics retailer Yamada Denki starts a trial to accept bitcoin payment in two of its stores.
• The hack of Coincheck may lead to inspections of other Japanese exchanges.
• Wemepu, one of South Korea’s largest e-commerce platforms, is integrating 12 cryptocurrencies including bitcoin, Ethereum, and Litecoin.
• Chinese bitcoin startup BTCC has been acquired by a Hong Kong-based blockchain investment fund.
• Segwit adoption hit an ATH of 18.3%.
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin daily chart (log scale)

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - January 29, 2018

Bitcoin Price Slips Into the Red as Robinhood-Fueled Rally Stalls

Cryptocurrency prices went south on Monday after Japan’s Financial Services Agency (FSA) announced that it may conduct on-site inspections of domestic cryptocurrency exchanges in response to Coincheck’s $530 million hack. The Bitcoin price led the retreat with a five percent decline, and most other top-tier coins followed suit.
_{Read more: ccn.com}

More sources about Bitcoin's price:

• Bitcoin Price Looking Heavy As News Turns Negative (Coindesk)
• Bitcoin Price Drops to $11,225 and Remains Stuck in Sideways Momentum (Themerkle)

Coincheck Hack May Lead to On-Site Inspections of Other Japanese Exchanges

Japan’s Financial Services Agency (FSA) said that it may conduct on-site inspections of other domestic cryptocurrency exchanges in response to last week’s Coincheck hack.
_{Read more: ccn.com}

Other sources:

• Coincheck Must Report on Security Failures, Says Finance Watchdog
• Japanese Crypto Exchanges Strengthen Self-Regulation Following Coincheck Hack

Japan’s Largest Consumer Electronics Chain Now Accepts Bitcoin

Yamada Denki, Japan’s largest consumer electronics retailer, has announced a new partnership with Bitflyer, and the acceptance of payments in Bitcoin on a trial basis. The retail chain will first launch the digital payment services at two of its Yamada Denki Labi stores in Tokyo, but it is planning to roll out this service to all of its stores across the country.
_{Read more: financemagnates.com}

Other sources:

• Japanese Electronics Retail Giant Launches Bitcoin Payments

South Korea’s Largest E-Commerce Platform is Integrating 12 Cryptocurrencies Including Bitcoin

WeMakePrice, better known as Wemepu, one of South Korea’s largest e-commerce platforms, is integrating 12 cryptocurrencies including bitcoin, Ethereum, and Litecoin in collaboration with Bithumb, the country’s largest cryptocurrency exchange.
_{Read more: ccn.com}

Segwit adoption hit an ATH of 18.3%

Good news about the adoption of SegWit! More and more people are using SegWit addresses for their Bitcoin transactions. Meanwhile, the transaction fees on the Bitcoin network are much lower.

_{Live chart: segwit.party}

A Little Lightning Project Has Two Big Implications for Bitcoin Tech

How will the Lightning Network change bitcoin? Although it might be too soon to know, it's a question everyone's seemingly asking following tests that take the long-anticipated tech closer to launch. The network's garnered its fair share of excitement over the past few months, so much so that individuals and businesses are looking to take advantage of its cheap, fast payments.
_{Read more: coindesk.com}

Russia Developing System to Identify Crypto Miners but Considers Tax Break

A Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs.
_{Read more: bitcoin.com}

Bitcoin Exchange BTCC Just Got Acquired

Bitcoin startup BTCC has been acquired by a Hong Kong-based blockchain investment fund. While details remain scarce on the deal, BTCC said in a press release that the move will help its efforts to expand internationally following its recent closure in mainland China.
_{Read more: coindesk.com}

Ethereum Is Quietly Closing In on Record Price Highs

Ethereum's ether token could revisit record highs very soon, courtesy of last week's bullish price action, the price charts suggest.
_{Read more: coindesk.com}

Switzerland looks to cryptocurrency to stop 'Swiss bank culture' decline

BITCOIN and Switzerland are, at least on face-value, a marriage made in heaven. With countries around the world sounding the bugle for greater regulation and government control, Switzerland, with its reputation for banking secrecy, is more willing to embrace the challenge.
_{Read more: express.co.uk}

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