Mount Gox Confusion, A Bitcoin Gauge, Korean Rumours and Hacker Bounties

Bitcoin still sits just under the $10k mark today after a relatively uneventful 24 hours – resistance levels still being laid at the feet of the Mount Gox liquidators selling off assets to pay creditors, despite apparent uncertainty as to what the sale schedule is according to CNBC

Thomson Reuters has launched a “Bitcoin Sentiment Gauge” for crypto traders. Based on its MarketPsych Indices tool, the Bitcoin version will apparently scan over 400 websites – which it claims many will be “specific to cryptocurrencies” (I would hope so). Citing Google search volumes, social platforms and news channels having been used to link sentiment and price changes – it will be interesting to see how well it works when it comes down to correlation vs causation with respect to any possible insights it might offer.

Rumours are abound from South Korea over a possible U-turn on it’s ICO ban last September. A source requesting anonymity due to not being authorized to speak to the press said "The financial authorities have been talking to the country's tax agency, justice ministry and other relevant government offices about a plan to allow ICOs in Korea when certain conditions are met,".

Binance has announced a hefty Hacker Bounty program following recent attacks on their exchange earlier this month. $250K (equivalent in BNB) is on offer to anyone supplying information that ultimately leads to the arrest of the perpetrators of the March 7th incident. In addition Binance has allocated the equivalent of $10 million in crypto reserves for future hacker bounty programs against its exchange.

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Created: Tuesday, March 13, 2018

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