South Korea to legalize cryptocurrency – July 6

Current Bitcoin Price: $6564 (as of 8:00 AM PST)

The market has crept down over the last 24 hours: major cryptocurrencies like Bitcoin, Ethereum, and Litecoin are down by no more than one and a half percent, although the majority of top-100 coins have fallen anywhere from 4 to 10 percent.

Despite this, Ethereum Classic (ETC, #15) is having a good day — up 4.6% — while Tezos (XTZ, #19) has continued to fall — down 16.2% — likewise have NEO (#11) and IOTA (#9) — down around 9% each.

Top Bitcoin & Crypto News Stories for 6th July 2018

South Korea to legalize cryptocurrency

Cryptocurrency and blockchain technology has never been illegal in South Korea — like in most countries — but the government’s stance hadn’t been made clear either way.

However, as of yesterday, South Korea has unveiled plans to formally legalize cryptocurrency and blockchain industries in the country — following suit with yesterday’s news that Malta had passed its own blockchain bills.

Monaco moves forward with crypto VISA card

Since the dawn of cryptocurrencies, usage has been a big talking point. Where’s the sense in owning crypto if you can’t spend it?

As a result, several companies (Centra, TenX, and LitePay, among others) have been pushing to create cryptocurrency credit cards that could be used worldwide. The Monaco card is the latest of these, and it’s just been filmed making a successful payment in Asia.

Tom Lee still predicting $25,000 Bitcoin

Tom Lee is the Wall Street CEO of Fundstrat, and he’s a known bitcoin bull who’s often pulled onto CNBC’s Fast Money to chat.

Yesterday, Tom Lee reiterated a previous prediction that Bitcoin could easily be trading at $25,000 by the end of the year — his prediction based on mining costs.

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