Last week the cryptocurrency market suffered setbacks when South Korea seemed set to ban buying and selling cryptocurrencies. Bitcoin and many altcoins saw losses on the announcement. The South Korean government then back-pedalled which saw the market recover, although there was another correction this weekend. This morning, the South Korean President’s spokesperson said there would be no ban in the near future. This afternoon the Bitcoin price recovered again and at the time of writing it is at $14,220. Here’s a screenshot of today’s price movements: 
ADVFN’s Cryptocurrency page gives you prices for Bitcoin and altcoins Read the latest on the South Korean fiasco on ccn.com How do you avoid the stress of being invested in a market which is so volatile? CNBC has some advice about how to cope Other Cryptocurrency News Kodak has announced that it’s getting into cryptocurrency. It will release its own coin, the KodakCoin, and set up mining rigs in its Rochester, NY, headquarters to take advantage of its on-site generating plant. Following the announcement, the share price of Eastman Kodah jumped almost 120%. Get the details on the BBC news website KFC in Canada have also announced that they will accept Bitcoin. They have launched a cryptocurrency-themed “Bitcoin Bucket”, with the price in Bitcoin fluctuating based on the exchange rate of $20 CAD, which is the fiat price for the bucket. It contains 10 original recipe tenders, waffle fries, a medium side, medium gravy, and two dips, but is only available to customers in one of FKC’s Canadian delivery zones, up to 8pm on 19 January. Read the story on ccn.com Last week I told you that Microsoft had stopped taking Bitcoin payments for their products. Now they have reversed that decision, bringing back Bitcoin payments after “working to ensure lower amounts would be redeemable.” The company’s statement says, “We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers.” Read more about this move on news.com.au Billionaire Warren Buffett has declared himself a Bitcoin sceptic. He’s called it a “real bubble” and said, “In terms of cryptocurrencies, generally, I can almost say with certainty that they will come to a bad ending.” He admitted that he knows very little about cryptocurrencies. Read more on ccn.com Kraken, the fifth-largest cryptocurrency exchange, scheduled some maintenance last week that was supposed to take two hours – but in fact they were down for two days. Trading and withdrawals were both out of action for the duration. Get the full story on Coindesk A glitch on the retailer Overstock mixed up Bitcoin with Bitcoin Cash – meaning that customers were able to pay with goods using Bitcoin Cash which is valued at a fraction of Bitcoin price. This meant buyers were able to purchase items for about a tenth of the proper price. It also meant they could then cancel the order and get refunded in Bitcoin, making a profit. Read the full story on Bitcoinist Criminals have found another way to use Bitcoins as part of a scam. It’s an old-fashioned blackmail scheme conducted through the extremely old-fashioned United States Postal Service – but the victims are told to pay over some Bitcoin. The victims mostly seem to be men, and the letter’s author threatens that failure to pay up will result in their wives being gold they are having an affair. Read about this scam on ccn.com What does an ice tea company have to do with cryptocurrency? Good question, but when the Long Island Ice Tea Corp changed its name to Long Blockchain recently, its share price shot up. It’s not the only company to see this effect. This article from Coin Telegraph explains The Crypto Trader News, information, tips and opinions on all things to do with cryptocurrency. Purchase a subscription with Bitcoin, LiteCoin, Ethereum or PlusOneCoin. Click here for more information New Book on Cryptocurrencies out now
from Clem Chambers The CEO of ADVFN, Clem Chambers, has a new book on cryptocurrencies out now in paperback and for the Kindle. Click here to buy the book from Amazon Trading Cryptocurrencies: A Beginner’s Guide - Bitcoin, Ethereum, Litecoin is an invaluable guide to making money in cryptocurrencies: how they work, how to invest in them, trading cryptocoins, mining, and the technical details behind them. 
Click here to buy the book from Amazon PlusOneCoin PlusOneCoin now available to buy and sell on the Trade Satoshi Exchange, here CME Bitcoin Futures ADVFN (LSE:AFN) is now offering free CME Bitcoin Futures data to its four million registered users. Anyone visiting the ADVFN site can obtain quotes, view charts and access real-time news for CME Bitcoin Futures here. Users can add these contracts to their portfolios and see bid, offer, highs, lows and current prices along with traded volumes. They can also view them on their monitor pages alongside their other investments. | 
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