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60 Second Video News Summary – Jan 29, 2018

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Hi, I’m Nate Martin from 99Bitcoins.com and here’s what happened this week in Bitcoin in 60 seconds.

Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended. The statement confirms online suspicions and is likely to raise new questions about the company’s finances.

Coincheck, One of Asia’s biggest digital currency exchanges, has admitted the loss of over $400 million worth of cryptocurrency following an attack on its network. The company has since suspended most trading and withdrawals, and is working to trace where the missing digital currency ended up.

Indian Bitcoin exchanges experienced banking freezes ordered by that nation’s financial overseers. At least 5 banks have suspended accounts of crypto exchanges. Indian trading volume currently accounts for about 10% of global volume.

Mobile stock-trading app, Robinhood, announced that they’ll be introducing free cryptocurrency trading. Supported coins include Bitcoin, Ethereum, Ripple, Bitcoin Cash and many other altcoins.

That’s what happened this week in Bitcoin. See you next week.

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

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