Daily Recap: UpBit Incident caused by misunderstanding while Bitcoin transaction fees are lowest since 2011

Bitcoin has dropped to its support level, one of the strongest ones. So, if you have any money left, this is a good time to buy. There are again great news across industry, even the UpBit issue in Korea seems to be just a misunderstanding.

  • Korea, Upbit update: The irregularity being investigated is in regards to liquidity issue. –  The issue involves sharing/ pooling liquidity with other exchanges. It seems to be that the regulators did not understand the share liquidity.
  • Icon / The Loop – Signs MOU with Samsung Electronics – This deal means that Dapp Chain ID will be Installed on ALL PHONES. As a quick clarification, theLoop is the company that created ICON. This is a great step forward for adoption!
  • MyEtherWallet integrates Kyber Network Exchange – You can now trade ERC20s/ETH directly from MEW!  Makes things a lot easier for the newer users. Now once they buy eth from coinbase, instead of having to sign up to exchanges – which might close registrations, they can instead transfer to their MEW wallet. Then go and swap to another ERC20 token with ease and a friendly interface.
  • Bill Passes Allowing Residents to Pay Taxes in Cryptocurrency in one US state – The state is Arizona and others might follow suit as Illinois is considering a similar bill.
  • Bitcoin transaction fees in sat/b have not been so low since 2011 – So low since 2011, while Segwit transactions are currently covering 32.11% of whole Bitcoin network. So try to imagine how unfairly cheap BTC transactions will be when SegWit eventually reaches 100% coverage of all Bitcoin transactions.


What is new on CaptainAltcoin

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Roger Ver thinks BCH can reach $100k and will dominate the market, together with ETH


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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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