🗞 Daily Crypto News, January 23rd 💰

South Korea Announces Date for Ban on Anonymous Crypto Trading;
Tax Loophole Closing For South Korean Cryptocurrency Exchanges;
Huobi Offers Platform Utility Token, ‘Not An ICO’;
Trend Analysis Reveals the Most Loved and Hated Cryptocurrencies
How To Save on Bitcoin's Soaring Fees
STEEM Trading Update by @cryptopassion

🗞 South Korea Announces Date for Ban on Anonymous Crypto Trading

South Korea's financial watchdog has set a deadline for the ban on anonymous cryptocurrency trading accounts within the country.

The statement said:

"Specifically, for users to make virtual currency transactions more than 10 million won per day or more than 20 million won for 7 days when depositing and withdrawing funds, this is the type of financial transaction you suspect for money laundering."

🗞 Tax Loophole Closing For South Korean Cryptocurrency Exchanges

The South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided.

🗞 Huobi Offers Platform Utility Token, ‘Not An ICO’

Huobi, the cryptocurrency exchange, has announced that they will issue a token (the ‘Huobi Token’ or HT) starting January 23. The offering will be capped at 500 million tokens, of which 300 million will be offered to investors and the remainder kept as user incentives or team rewards.

The offering, though, is not to be understood as an ICO, with the Huobi press release indicating that only users who are actively participating in the platform can receive HT.

“HT is not an initial coin offering (ICO). Users can only get HT by purchasing 'Point Card' on Huobi Pro. Point Card is Huobi's pre-paid card for basic service charge. 1 point = 1 USDT.”

🗞 Trend Analysis Reveals the Most Loved and Hated Cryptocurrencies

For investors trying to predict market movements, the more data that can be analyzed the better. Trend analysis and fundamental analysis are a starting point, but there are other clues scattered across the web which lie outwith conventional search parameters. One of these, social analysis, involves discerning the general sentiment towards cryptocurrencies on public networks such as Twitter. One bot does just that on an hourly basis, revealing which coins are feeling the love and which are receiving hate.

🗞 How To Save on Bitcoin's Soaring Fees

Rising fees seem to be the only thing people talk about in the bitcoin world these days.

The crypto space is full of frustration and vitriol on the topic, as the average transaction fee has soared to $19, turning bitcoin's old claim to fame as a cheaper online payment method into a laughable assertion.

STEEM Trading Update by @cryptopassion

Yesterday, we were breaking the resistance line but like on the BTC chart, it was a Head Fake

The next objective now is to go test the previous BOTTOM where I traced you a red Line. One possibility also is to break that line a little bit before having the UP trend coming back. Let see the current pattern that we will have at that level.

🗞 Daily Crypto News, January 23rd 💰

🗞 South Korea Announces Date for Ban on Anonymous Crypto Trading

🗞 Tax Loophole Closing For South Korean Cryptocurrency Exchanges

🗞 Huobi Offers Platform Utility Token, ‘Not An ICO’

🗞 Trend Analysis Reveals the Most Loved and Hated Cryptocurrencies

🗞 How To Save on Bitcoin's Soaring Fees

STEEM Trading Update by @cryptopassion

You don't want to miss a Crypto news?

Follow me on Twitter and Facebook