The last week saw a big correction in Bitcoin and many altcoins. The Bitcoin price fell from around $13,000 on Tuesday to just over $10,000 on Wednesday. Was this the start of the crypto apocalypse? Well, no, because by Thursday it had recovered somewhat, possibly because astute traders were buying the dip. By Friday it was back to $11,800; over the weekend it jumped back to almost $13,000 and then fell to around $11,200. At the time of writing the Bitcoin price is $10.690 – by the time you read this, who knows where it will be! Just to outline the rollercoaster ride the price has been on, here’s a chart of the last month: 
ADVFN’s Cryptocurrency page gives you prices for Bitcoin and altcoins One of the reasons for the big correction last week was the uncertainty around the conflicting announcements from various bits of the South Korean government: yes, they were going to shut cryptocurrency exchanges, no they weren’t, maybe they were in the future… ccn.com discusses this here Another reason suggested was that the influx of “mass-market consumers” who joined the crypto band wagon led to the sudden surge in price, and that led experienced investors to take advantages of the high prices and get out before it crashed. Read more in The Express An article on ccn.com argues that the cryptocurrency “flash crash” last week wasn’t all bad. Find out why here | 
New ICO - FireLotto Crypto Blockchain Fire Lotto is a finished working online product that has already been launched. The lottery platform is 100% decentralised created with a transparent algorithm based on Ethereum. Find out more | Other Cryptocurrency News Last week the BitConnect investment platform announced it was shutting down, after a number of allegations that the platform which offers crypto loans was a fraud or a Ponzi scheme. Meanwhile, Cabbage Tech was charged with “fraud and misappropriation” by the Commodity Futures Trading Commission. Clearly the world of cryptocurrencies has a fraud problem. Market Watch has this story on the subject Nova Exchange has announced that it is not going to close after all. The cryptocurrency exchange had previously announced in October 2017 that would be shutting up shop in April 2018 so that new owners could implement major upgrades. Now in a statement released last week they say that they have a new partner with the resources to keep Nova Exchange running. Read their statement here Auto manufacturer Proton Holdings has suspended one of its dealerships after the branch started to accept Bitcoin in exchange for cars. The Malaysian company said it had not given the dealership permission to accept the cryptocurrency, so had suspended them pending an investigation. Read more on ccn.com Gamers are unhappy at the rise of cryptocurrency because miners are buying up all the high-end graphics cards, according to an article in Ars Technica. Read about it here Chip manufacturers are seeing an increase in revenues driven by the demand from cryptocurrency miners, according to this report in Quartz Cryptocurrencies are built on the blockchain, a new way of recording information in a public ledger which is secure and transparent. This could have many applications beyond just digital money, and Entrepreneur Network lists some of them here There have been a lot of scare stories in the media recently saying that Bitcoin mining used up as much electricity as (insert name of small country here) and that eventually it will use up the world’s entire power supply. If you suspected these stories were nonsense you were right, as a new report from Credit Suisse calms fears and says that it is a mistake to project miners’ power consumption lineally. Read about the report on ccn.com Software that hijacks your computer to mine cryptocurrency in the background and send the proceeds to the wallet belonging to the person deploying the software has now become the most popular form of malware, overtaking viruses and ransomeware. Read about it on Technology Review Finally, a new pop group in Japan celebrates cryptocurrency. Kasotsuka Shojo (Virtual Currency Girls) is a J-pop group where each of the eight girls represents one of the larger digital monetary formats: Bitcoin, Litecoin etc. They played their first concert a few weeks ago – and of course you had to use cryptocurrency to buy a ticket. Read more about the group on Engadget 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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