Trader View - February 21, 2018

Trader View


The Kimchi premium shot up to a twelve-percent handle on the 5% drop over the past 20 minutes.What is up mainstream media… a LOT of FUD surrounding the unfortunate death of Jung, Ki Joon head of economic policy coordination at the office for Government Policy co-ordination it was a dirty job; Wall Street Journal out with a particularly damning piece insinuating that there was wrongdoing involved. “death from an unknown cause”… Truth of the matter is, the man died in his sleep, three days ago. Let him rest in peace already. He was 52 years old and was known to be under stress from the responsibility of forming policies governing cryptocurrency trading but to call this the reason of death? Stretching it.

You also have Paul Singer, founder of their US $34billion hedge fund Elliott Management laying in calling cryptocurrencies “one of the most brilliant scams in history” going so far as to calling it beyond fraud.

What is more relevant is Choi, Heung Shik chairman of the Financial Supervisory Services (last night) expressed his opinion that “we need to establish a regulatory environment that will accommodate normal cryptocurrencies, not crack down on them.” Not a legally binding statement but safe to say he has the ear of Kim, Dongyeon – The prime minister that calls the shots. And the Petro is born. Sale of the token backed by 100 Million barrels of the country’s oil reserves goes on sale today. Tender accepted for taxes and fees in the country. The US will no doubt do everything they can to clamp down and uphold their unilaterally imposed sanctions on the country. Uncle Sam, you are out of your jurisdiction… 

Last update was 40 Million PETROs of the 100 Million initially offered were accounted for.

Cryptocurrency Prices

BTC
11,324.60 USD
31.71% (Last week: 8,598.31 USD)

ETH
907.41 USD
7.35% (Last week: 845.26 USD)

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JPY
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USD Equivalent: 12,315.59 USD*
Price VS USD: 8.75%
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USD Equivalent: 11,049.02USD*
Price VS USD: – 2.43%
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KRW
CCY: 13452000.00 KRW/BTC
USD Equivalent: 12,536.65 USD*
Price VS USD: 11.47%
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