Thread by @kyletorpey

Starting today's #Bitcoin news thread...

Remember you can find the newsletter, YouTube, and SoundCloud links to the Daily Bitcoin Recap at kyletorpey.com

US Treasury Secretary Warns Against Bitcoin Becoming the Next ‘Swiss Bank Account’

🤔Wonder if he knows that's the whole point.

bloomberg.com/news/articles/…

The Bitcoin Investment Trust will undergo a 91-for-1 split on Jan. 26. That’ll turn the 1.9 million shares currently outstanding into a whopping 174.4 million. It will cut the stock price from around $1,950, where it currently sits, to roughly $21. bloomberg.com/news/articles/…

-HydroMiner in Austria considers going public on U.K.’s AIM
-Company builds plug-and-play bitcoin mining containers for hydropower

bloomberg.com/news/articles/…

The head of the CFTC asked Congress for a 13 percent budget increase to add three dozen workers and boost technology to monitor cryptocurrency derivatives. bloomberg.com/news/articles/…

“...if a growing number of people lose huge sums of money on bitcoin ... people will blame the government ... the South Korean government could be afraid of the political hassles of being held accountable.” reuters.com/article/us-sou…

China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative. reuters.com/article/us-can…

Ouch.

@bitwala's card and bank transfer services were both suspended within the past two weeks. bitwala.com/a-turning-poin…

Senior officials in Ukraine are forming a new working group on cryptocurrency regulation, the country's government announced on Thursday. coindesk.com/ukraine-defens…

KFC Canada Is Accepting Bitcoin for Fried Chicken coindesk.com/kfc-canada-is-…

Due to the importance of running a #Bitcoin full node, @_jonasschnelli_ is working on improving the user experience involved with full nodes. coindesk.com/jonas-schnelli…

MILWAUKEE — A Montana man is accused of firing a gun inside a downtown Milwaukee condo during an argument regarding a Bitcoin sale. fox6now.com/2018/01/11/con…

If the South Korean government submits a bill, co-representative of the Korea Blockchain Association said the chances of the National Assembly passing it are “extremely slim,” adding that the association would submit its opinions to parliament. forbes.com/sites/elainera…

US Finance Regulators Form Crypto Working Group, Says Mnuchin

Mnuchin added that the issue was one that the U.S. government would engage with the G-20 international group as well.

coindesk.com/financial-stab…

An inquiry into Bitcoin and other so-called cryptocurrencies could be launched by MPs because of concerns investors risk heavy losses and could be defrauded. standard.co.uk/news/politics/…

Teenager who tried to buy car bomb from dark web in attempt to kill his mum and dad is jailed birminghammail.co.uk/news/midlands-…

One public sector worker built up a deposit of £40,000 after investing in bitcoin, said a mortgage broker. But he said he had been unable to arrange a loan because it was hard to prove where the funds had arrived from and to link them to his client. ft.com/content/40c649…

"In many ways, 2017 marked the year that cryptocurrency stopped being about technologically innovative peer-to-peer cash and instead essentially became a new, unregulated penny stock market." - @ummjackson motherboard.vice.com/en_us/article/…

“In practical terms, I think, that’s a long way off . . . one of the last things you’d want to think about doing.” - Ravi Menon, the managing director of the Monetary Authority of Singapore, on central banks issuing digital currencies. ft.com/content/2d433c…

Vancouver-based Bitcoin firm raises $38m, plans to use proceeds to create cryptocurrency mining operations in Alberta community richmond-news.com/news/vancouver…

‘If you invest, the risk is on you’: Putin urges caution on cryptocurrencies rt.com/business/41564…

Wall Street skeptical of Kodak’s stock rally after crypto reveal nypost.com/2018/01/11/wal…

Ladson man pleads guilty to distributing fentanyl resulting in death, bought fentanyl on the dark web postandcourier.com/news/ladson-ma…

Coinmarketcap removed reference to @bitcoin twitter account reddit.com/r/Bitcoin/comm…

New Bitcoin Lightning Network wallet on Android play.google.com/store/apps/det…

Student apartment dwellers mining Bitcoin with free electricity in Finland metropolitan.fi/entry/student-…

Digital asset exchange @krakenfx has now been down for nearly 40 hours. Here is their latest update from a few minutes ago. They will offer free trading for a period of time once they find a bug in their system upgrade.

The Brazilian Securities and Exchange Commission (CVM) has banned managers and fund managers in Brazil from investing in [cryptocurrencies] ... The national market institution published an official letter on Friday regarding the restriction. reddit.com/r/Bitcoin/comm…

The petition to get Coinbase and GDAX to prioritize #SegWit support is closing in on 10,000 signatures change.org/p/coinbase-coi…

"If you store money under your mattress and cannot prove that you did not get it through Illegal means [there] is a high chance [the bank/government] will steal it and you will never get it back.." reddit.com/r/Bitcoin/comm…

Bitfinex Reopens New Account Registrations bitfinex.com/posts/registra…

This story is from CryptoCoinsNews and seems to be based on a Google Translate of a local report, so take it with a grain of salt.

Portuguese Bank Santander Totta Blocks Bitcoin-Related Transactions

ccn.com/portuguese-ban…

joke cryptocurrency GarliCoin on the frontpage of Reddit reddit.com/r/garlicoin/co…

Anyone else remember Vircurex? coindesk.com/former-custome…