Cryptocurrencies Market Overview - March 28, 2018

Today in the news:

• Cryptocurrency associations from South Korea, China and Russia plan to sue the social media giants for banning crypto related ads.
• 40% of young adults in South Korea are enthusiastic about cryptocurrency according to a new survey.
• Australia’s official taxation department asks users’ opinion on cryptocurrencies tax legislation.
• And more crypto news below...

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Latest Crypto News - March 28, 2018

Why Bitcoin's 'Death Cross' May Become a Bear Trap

Bitcoin risks entering a technical "death cross" soon, but the bearish signal will likely not be as severe as has been made out in reports.
_{Read more: www.coindesk.com}

Russian, Chinese, Korean Associations to Sue Internet Giants Over Banned Crypto Ads

Cryptocurrency and blockchain associations from Russia, China and South Korea plan to file a class action against internet corporations banning crypto ads. The lawsuit will challenge restrictions imposed by Facebook, Google, Twitter and Yandex. An agreement to take the matter to court in the US has been reached at a crypto conference in Moscow.
_{Read more: news.bitcoin.com}

Other sources:

• Eurasian Association Of Blockchain To Sue Social Media Giants For Banning Crypto Ads

Facebook, Google and Twitter Ban Ads, But Do Their Founders Really Dislike Crypto?

Social media platforms have recently banned advertising for cryptocurrencies and ICOs, but that stance is contradictory to the thoughts of their directors.
_{Read more: cointelegraph.com}

Other sources:

• Twitter Takes Aim At Dodgy ICOs But Throws A Blanket Ban On All Crypto Advertising

Bank of Korea Poll: 40% of Young Adults Enthusiastic About Cryptocurrency

The Korean central bank has released the results of its nationwide poll which includes information about cryptocurrency acceptance. Among 25,011 poll participants, 40% of young adults are eager to possess cryptocurrencies, according to local media.
_{Read more: news.bitcoin.com}

EOS Booms Again, Following Auction Price Growth

The EOS market price is picking up again, following a few days of relatively successful daily auctions. With more than 100 auctions remaining for the extended ICO, and a main net launch coming in a few months, the EOS digital asset may enjoy more weeks of high activity and visibility.
_{Read more: cryptovest.com}

Venezuela Isn’t Paying Debts in State Crypto Petro: Russian Official

A senior Russian official has confirmed that Venezuela’s debt to Russia, a total of $3.15 billion owed to the Kremlin over a 10-year period, will not be repaid in any part with Venezuelan state cryptocurrency petro.
_{Read more: www.ccn.com}

‘Don’t Do it’: Federal Reserve Official Warns Against Investing in Bitcoin

The president of the Federal Reserve Bank of Atlanta needs just three words to convey his opinion on investing in Bitcoin and other cryptocurrencies: “Don’t do it!”
_{Read more: www.ccn.com}

Australia Seeks Public Input on its Tax Treatment of Cryptocurrencies

Australia’s official taxation department has opened a public consultation to hear feedback about its tax guidelines on cryptocurrencies.
_{Read more: www.ccn.com}

Other sources:

• Australia’s Tax Office Seeks Public Feedback On Taxing Cryptocurrency
• Australia Asks Users’ Opinion On Cryptocurrencies Tax Legislation

Survey: 1 in 5 Students Invest Their Loan Money in Crypto

According to a recent study, university students nowadays choose to invest their loan money in cryptocurrencies rather than in school.
_{Read more: themerkle.com}

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police.
_{Read more: news.bitcoin.com}

Blockchain Funding Center Scrapped Over China Regulation Concerns

The Investment Association of China (IAC) has scrapped a previously reported plan to launch a funding center to boost blockchain development in the country.
_{Read more: www.coindesk.com}

Ontology (ONT) Spikes as Popularity Continues to Grow

Ontology (ONT), the recently airdropped NEO-based token, has picked up the pace in the past days, and is about to reach its peak in Bitcoin-denominated prices. The token, released about a week ago, is enjoying active trading after an incentive program on Binance.
_{Read more: cryptovest.com}

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