Korean Presidential Committee Calls for Crypto Legal Status – October 30

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,091

Bitcoin has cooled off from its recent rallies, correcting 3% to the downside over the last 24 hours.

Top-20 altcoins have not responded well to the move, with the majority in the red. XRP and Ethereum are down 3% and 4% respectively, while TRON has been hit the hardest, falling 9%.

Top Stories for October 30, 2019 🔥

👉 Korean Presidential Committee Calls for Crypto Legal Status

The Presidential Committee on the 4th Industrial Revolution has recommended that the Korean government give cryptocurrencies legal status in the country.

The committee expressed worry that policies initially designed to protect investors are stifling Korea’s participation in the blockchain industry.

The recommendation comes just days after Chinese president Xi Jinping’s national call for blockchain acceptance in China.

👉 Miner Company Bitmain Files With SEC for IPO

Reports have stated that miner manufacturer Bitmain has secretly filed an application with the SEC for an IPO.

The IPO application has been sponsored by Deutsche Bank. Reports from earlier in the year suggest that the company is looking to raise between $300 million to $500 million USD.

👉 Samsung Details Blockchain Platform SDK Plans

Samsung have released more details regarding their upcoming Blockchain Platform SDK.

The project is designed to address the security issues and complexity surrounding the creation of mobile-compatible decentralized applications.