Bitcoin has fallen drastically in the last week, from a high of over $10,000 to below $8,000. It recovered a little on Saturday but fell back again yesterday, and today the fall continues. At the time of writing, the Bitcoin price is $7,265. Here’s a chart showing the plummet in the last five days: 
This opinion article on ccn.com has some suggestions about why the Bitcoin price has fallen recently One hedge fund manager thinks Bitcoin has further to fall because it is still overvalued. Brian Kelly says that despite this, he wouldn’t bet against the cryptocurrency. Read what he has to say on CNBC ADVFN’s Cryptocurrency page gives you prices for Bitcoin and altcoins Use ADVFN’s crypto converter to find out how much your coins are worth | 
PARKGENE is the Airbnb of Parking and Shared Mobility Services , with a vision to establish the GENE token as the automotive industry standard means of payment. Find out more | Other Cryptocurrency News Following the recent hack of Tokyo-based crypto exchange Coindesk, Japan’s Financial Services Agency raided the company’s office to see if their funds were enough to repay customers. Read the story on bitcoinist.com US customers of Coinbase who have made a lot of transactions can expect to receive an IRS tax form in the mail. The company explained that customers who have received cash above the reporting threshold of more than 200 receipt transactions or greater than $20,000 during 2017 have had 1099-K forms filed for them. More info on bitcoin.com Last week, South Korea’s finance minister confirmed that the government is not planning to close any cryptocurrency exchanges or trading platforms. This follows conflicting statements from different government officials. ccn.com has more details Meanwhile the Korean Customs Service (KCS) uncovered $600 million worth of cryptocurrencies that have been exchanged illegally in South Korea. The discovery was part of an investigation into illicit Forex trading practices. Read the story on ccn.com Bloomberg has an article about South Korea’s troubled attitude to cryptocurrency China continues it crackdown on cryptocurrency. It intends to block all cryptocurrency websites, including foreign platforms. This comes after its ban on all domestic exchanges failed to completely eradicate trading. Read the story in the South China Morning Post Continuing the pressures on cryptocurrency trading, three major banks have announced that they won’t allow crypto transactions to be made with their credit cards. Bank of America, JP Morgan Chase and Citigroup will no longer allow their card holders to buy Bitcoin on credit. However, customers of the bank will still be able to use debit cards. Read the story on Bloomberg Meanwhile in the UK, Lloyds Bank has also banned its customers from buying Bitcoin with credit cards. The banking group is worried that if customers lose out as the price falls, they will be left footing the bill for unpaid debts. The Express has the story Kodak has announced that its ICO is to be delayed by “several weeks”. The launch of its new cryptocurrency had been due to happen on 31 January. The delay saw their share price fall. Read the details on Investopedia A giant cryptocurrency mining operation is going to be set up in Iceland, powered by green energy. The Moonlight Project will use 100% clean and renewable energy sources such as hydro, wind and geothermal. It will also benefit from the country’s cool climate. Read the story on Digital Trends Switzerland is embracing cryptocurrencies, unlike other governments who want to ban or regulate it heavily. The Alpine country wants to take a leadership role for the domiciling of upcoming ICOs. More info on ccn.com Samsung has start to manufacture ASIC chips, which are the powerful chips used for Bitcoin mining. The firm completed the development of its ASIC chips in December and recently began production. It is supplying the chips to an unnamed Chinese company that makes Bitcoin mining machines. ccn.com has more on this Facebook has banned ads for cryptocurrencies, because of fears that most of them will be placed by scammers. A new clause in its Advertising Policies says: "Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency." Read this story on The Register 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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