As Coinivore reports, Shinhan, the second largest commercial bank in South Korea by market valuation in the country is testing a Bitcoin vault and wallet service for its customers that is expected to be released by mid-2018.
A representative of Shinhan Bank told Naver News, a media publication in South Korea in an interview : “It is a service that keeps the blockchain key through the virtual safe provided by the bank. We are looking for ways to provide a free service when depositing and charge a fee when withdrawing.”
Both GOLD and BITCOINS, and the other CRYPTOCURRENCIES, are instruments completely free from the control of the central banks, and are therefore a natural diversification from the impacts that can be generated by the unconventional manoeuvres of the central banks.
There are now over 1,000 cryptocurrencies that have made their appearance, and the number will probably increase just as the number of apps has reached great heights. The Dutch tulip mania bubble of 1637 may be topped by the cryptocurrency craze.
Thomas Jordan, the chairman of the Swiss National Bank (SNB) spoke out on cryptocurrencies on Thursday. Speaking at an event in Basel, Jordan, who also chairs the international Central Bank Counterfeit Deterrence Group, said that central banks are eyeing the issues of cryptocurrencies "very intensively," adding, "I would look at them more as an investment than a currency."
According to Reuters report, Jordan noted: "It is important to say it is not question of technology, but a question of who has access to central bank money and in what form. There are up to now many unsolved questions."
On November 23, Ethereum price reached a new all-time high above $400 barrier, currently trading at $400.84 nearly 10% from yesterday, according to the CoinMarketCap.
With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash.
Bitcoin has had an exciting year. It has split in two, become more accepted as a form of payment, and soared in value, now resting above $8,000. There’s also that small matter of the Chicago Mercantile Exchange (CME), the world’s leading derivatives marketplace, announcing plans to introduce bitcoin futures in 2017 – an announcement that some credit with pushing the cryptocurrency above the $8,000 threshold.
Uber admitted Tuesday that hackers stole personal data belonging to 57 million customers and drivers – a fact it concealed for more than a year.
The attack, which took place in October 2016, resulted in the worldwide theft of names, email addresses and phone numbers belonging to 50 million Uber riders, according to Bloomberg, which first reported the hack.
Billionaire trader and legendary hedge fund manager Mike Novogratz says that the bitcoin price will reach $10,000 before the end of the year.
Speaking on Bloomberg TV, Novogratz, who has been bullish on Bitcoin throughout the year, said Bitcoin would yet hit the magic number before the new year, and also predicted $500 per coin for Ether (ETH) within the same period.
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