Kyle Torpey's Daily Bitcoin Recap Kyle Torpey has been a full-time Bitcoin writer and researcher since early 2014. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, Kyle goes over the day's top Bitcoin stories in a daily YouTube show and podcast, which can be found at http://kyletorpey.com

Visit our sponsor...

Note: This week will be ad-free as I search for new sponsors. Feel free to shoot an email to email@kyletorpey.com if you know anyone interested.

Must read Bitcoin stories from today...

Part of Financial Sanctions on N. Korea: US Asks S. Korean Banks to Investigate Cryptocurrency Exchange Transactions | BusinessKorea www.businesskorea.co.kr – Share The New York State Department of Financial Services (DFS) asked six South Korean banks and their New York branches to report on the current conditions of digital currency transactions in South Korea and their measures to prevent money laundering. It is very rare for the U.S. to make a request for business in South Korean branches. The U.S. seems to be concerned that virtual currency can be a loophole in financial sanctions on North Korea.

Kyle’s note: We knew about the investigations. The new piece of news here is that they came at the direction of the New York State Department of Financial Services.

Backlog fully cleared for 3sat/byte or higher! : Bitcoin www.reddit.com – Share imagine a queue to a single register at mcdonalds, if only slightly more people keep arriving than they have capacity for then eventually the line would be very very long. But if they just had slightly more capacity then customers then the line would be very short. Just a matter of a few %

Bitcoin Exchange BTCC Just Got Acquired - CoinDesk www.coindesk.com – Share 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.

BlackRock Says Bitcoin `Not an Investable Asset Class' – Bloomberg www.bloomberg.com – Share Isabelle Mateos Y Lago, global chief multi-asset strategist at BlackRock Investment Institute, says Bitcoin isn’t investable “at this stage.” She talks with Francine Lacqua on “Bloomberg Surveillance.” (Source: Bloomberg)

Kyle’s note: BlackRock is the largest asset manager in the world. Title is a bit negative, but tone of the interview was neutral. Might play this on today’s show.

More bitcoin price and Wall Street stories from today...

500 Startups' Cheung Says Bitcoin Is Boring – Bloomberg www.bloomberg.com – Share Bonnie Cheung, venture partner at 500 Startups, discusses investing in Bitcoin and her outlook for cryptocurrencies. She speaks on “Bloomberg Markets: Asia.” (Source: Bloomberg)

Kyle’s note: Bitcoin is working on all three areas she points out via Lightning Network, Drivechains, and Confidential Transactions.

More bitcoin adoption and awareness stories...

More bitcoin industry stories from today...

A Little Lightning Project Has Two Big Implications - CoinDesk www.coindesk.com – Share 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.

Numbers or Not, Coincheck Isn't Mt. Gox - CoinDesk www.coindesk.com – Share UPDATE (27, January 20:47 UTC): Coincheck has detailed its compensation policy for customers whose XEM was stolen. It will repay them 88.549 Japanese yen (about $0.81 U.S.) per stolen coin, out of its own funds, according to a Google translation of the exchange’s press release. With 523 million XEM taken, according to the latest estimate. that would bring the total company payout to more than $420 million. The timing of the repayment is still “under consideration.”

Vote and Help Choose Bitcoin.org's New Design bitcoin.org – Share As one of the most-visited websites in the Bitcoin ecosystem, Bitcoin.org helps

millions of people each month, learn more about Bitcoin. One of our goals in

2018 is to modernize the design of the site in an effort to continue to

provide rich content and information to users in an efficient way, as Bitcoin

technology continues to evolve.

More bitcoin technical stories from today...

Announcing Zap Beta Release – Jack Mallers – Medium medium.com – Share Yo! Today I’m super excited to announce the release of the cross-platform Zap Beta. Zap has been open sourced for as long as it has existed, but using Zap and experiencing the Lightning Network have…

More bitcoin dark web, hacking, and scam stories...

Hacker Steals Over $150,000 Worth of Ethereum From Experty ICO Participants www.bleepingcomputer.com – Share A hacker has tricked Experty ICO participants into sending Ethereum funds to the wrong wallet address. He was able to do this by sending emails with a fake pre-ICO sale announcement to Experty users who signed up for notifications.

More altcoin and ICO stories from today...

Before you build your startup on Ethereum, consider the options | VentureBeat venturebeat.com – Share Before you build your blockchain startup atop Ethereum, which is what most people in cryptoworld do, take a step back and survey the field. With a little comparison shopping and a lot of hustle, you can secure a blockbuster deal with one of Ethereum’s rising challengers.

More bitcoin regulation stories from today...

A Haven for Blockchain: The Case for Wyoming - CoinDesk www.coindesk.com – Share Rep. Tyler Lindholm is a rancher in Sundance, Wyoming, and a Republican member of the Wyoming House of Representatives. Caitlin Long, a Wyoming native, is former chairman and president of Symbiont and a former managing director of Morgan Stanley.

Bitcoin price: Fraudsters using surge in cryptocurrency to trick people into scams, financial regulator warns | The Independent www.independent.co.uk – Share Bitcoin and other investments are being used to lure people into scams, the UK’s financial watchdog has warned. Fraudsters are contacting people online and through social media to offer them the chance to invest in cryptocurrencies and financial instruments. The solicitations often promise high returns and come alongside pictures of expensive watches and cars in an attempt to entice people to invest.

Unconfirmed bitcoin stories from today...

Did you enjoy this issue?

If you don't want these updates anymore, please unsubscribe here If you were forwarded this newsletter and you like it, you can subscribe here