Wednesday, November 21, 2018

Price Investigation / North Korea / Norway / India

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$BTC (1:10 p.m. EST): $4,485.36 (-3.46%) // 90-day high: $7,382.19 // 90-day low: $4,248.12 / / More

$BCH ABC (1:11 p.m. EST): $230.98 (-4.18%) // 90-day high: $703.41// 90-day low: $200.13 // More

$ETH (1:11 p.m. EST): $133.75 (-4.33%) // 90-day high: $365.71 // 90-day low: $127.89 // More

$LTC (1:12 p.m. EST): $33.46 (-3.06%) // 90-day high: $74.80 // 90-day low: $32.41 // More

$XRP (1:12 p.m. EST): $0.43 (-2.59%) // 90-day high: $0.61 // 90-day low: $0.26 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. The US Justice Department is reportedly investigating whether bitcoin's rise last year was propped up illegally. In particular, investigators are looking into whether tether was used to manipulate prices. Federal prosecutor launched a criminal probe into cryptocurrencies earlier this year. They now suspect that trades on Bitfinex used tether to coordinate bitcoin's price moves illegally, helping lead to the digital currency's 1300 percent price gain last year. –CNBC

Justice Department looking into bitcoin rise
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2. A major cryptocurrency conference has been planned for April … in North Korea. The Korean Friendship Association announced that the country will host its first Blockchain and Cryptocurrency Conference this spring. The event will last eight days and will be hosted at North Korea's Science and Technology Complex. The itinerary includes visits to several locations such as the Great People's Study House, Museum of the Korean War, Pyongyang University of Foreign Languages, Kaeson, the border between North and South Korea, and even a beer factory. –ETHEREUM WORLD NEWS

North Korea plans cryptocurrency conference
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3. Norway's government plans to end electricity subsidies for cryptocurrency miners. Starting in 2019, miners will have to pay the normal electricity tax in the country. They were receiving a discount on electricity taxes in an effort to help the industry grow in Norway. The removal comes at a terrible time as the price of bitcoin has crashed more than 30 percent in the past week, threatening the profitability of mining operations. –FORBES

Norway to end electricity subsidies for miners
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4. The Indian government expects to finalize a bill to regulate cryptocurrencies next month. The Indian Supreme Court is currently hearing petitions against a crypto banking ban that the Reserve Bank of India put in place earlier this year. The court has directed the government to file an affidavit within two weeks that details cryptocurrency regulatory progress. A panel will be set up for later this month where draft regulations will be discussed. –BITCOIN.COM

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5. The South Korean government will use blockchain to trace beef in an effort to add transparency to the food supply chain. –COIN TELEGRAPH

6. Bobby Lee, the co-founder of BTCC and brother of litecoin founder Charlie Lee, believes a bitcoin price between $250,000 and $500,000 is still possible. –ETHEREUM WORLD NEWS

7. Bitcoin has been here before – the cryptocurrency's crash that ended in January 2015 was worse than this year's 75 percent drop. –COINDESK

8. IBM and Columbia University will partner on two blockchain accelerator programs aimed at helping startups innovate at scale. –COIN TELEGRAPH

9. Giga Watt, a bitcoin mining company based in eastern Washington, has filed for bankruptcy. –COINDESK

10. Last Thanksgiving came during bitcoin's boom, but if you bought cryptocurrency at that time you have since lost big. –CNBC

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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