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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointelegraph.com/news/turkey-football-chairman-proud-to-hire-player-for-bitcoin-in-new-first",
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      "title": "Turkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First",
      "body": "![2126B38C-4D5F-495F-8BBD-D9CE28F1D44D.jpeg](https://steemitimages.com/DQmSUFKFMcwwvC1ckmpLQ1fPKbQf9VroEmgVjfgGoW2r2qD/2126B38C-4D5F-495F-8BBD-D9CE28F1D44D.jpeg)\n\nTurkey: Football Chairman ‘Proud’ To Hire Player For Bitcoin In New First\n\nTurkish football team Harunustaspor announced Tuesday, Jan. 30, that it will pay a player partially in Bitcoin (BTC), local news outlet CNN Turk reports.\n\nAs chairman of the amateur club Haldun Şehit told CNN Turk, the move was completed to hire 22-year-old Omar Faruk for 2000 lira ($528) in BTC and 2500 lira ($661) in cash.\n\nOFFICIAL: Turkish amateur side Harunustaspor have signed 22-year-old Omar Faruk in return for Bitcoin. 😅👏🇹🇷 pic.twitter.com/zAt4LJrIVB\n\n— SPORF (@Sporf) January 30, 2018\nThe move is likely a first in semi-professional sporting circles for player hiring. It follows a bigger move in December in which Bitcoin Suisse opted to pay Denmark club Rungsted Seier Capital’s top player exclusively in Bitcoin, as part of a three-year sponsorship deal.\n\nReferring to the latest move in Turkey, Harunustaspor’s chairman stated:\n\n“We did it to make a name for ourselves in the country and the world… We are proud of this.”\n\nThe news from Turkey marks the third announcement concerning the sporting world and Bitcoin since December. Earlier this month, Dallas Mavericks owner Mark Cuban noted on Twitter that next season fans would be able to purchase tickets with Bitcoin.\n\nIn related news, UK premier league club Arsenal announced it would shortly begin its own sponsorship deal with a US sports betting website’s forthcoming ICO.\n\nAt the same time, the regulatory situation surrounding cryptocurrency in both Turkey and Denmark remains precarious.\n\nLate last year, the Turkish government suggested to citizens that use of cryptocurrency was “not suitable” for Muslims as the government could not exert sufficient control over its use.\n\nIn Copenhagen meanwhile, central bank chief Lars Rohde described Bitcoin as “deadly” and recommended citizens “stay away.”",
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      "body": "![86996E94-AF72-4560-84F6-C79237DD0156.jpeg](https://steemitimages.com/DQmTXJyqohujaDhTP9N4CTyb5DkCFDfMTxQhUdDKFMjWX34/86996E94-AF72-4560-84F6-C79237DD0156.jpeg)\nSouth Korea Government ‘Will Not Ban Or Suppress’ Cryptocurrency – Minister\n\nWilma Woo\nJanuary 31, 2018 · 6:30 am\nSouth Korea’s government has confirmed it has “no intention” of banning or “suppressing” cryptocurrency trading in fresh comments on the industry.\n\n‘No Intention To Ban’\n\nIn comments Wednesday quoted by Reuters, finance minister Kim Dong-yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the country.\n\nKim had faced a 200,000-strong petition demanding he be fired from his position after the comments, which along with those by justice minister Park Sang-ki, sent shock waves through cryptocurrency markets and sparked public outrage.\n\nSouth Korea won't ban crypto trading\n\n“There is no intention to ban or suppress cryptocurrency,” he said.\n\nThe confirmation may come as less of a surprise to some, as Seoul moves forward with regulatory improvements to the exchange sector at breakneck speed in recent weeks.\n\nIn addition to tax and security obligations, an anonymous trading ban became law Tuesday, with exchanges now obliged to ensure account identities match those of bank accounts.\n\nThe pace of change is already causing teething problems, however, as Bitcoinist reported as the ban commenced that big-volume exchanges were finding it considerably easier to work with banks to stay compliant.\n\nConversely, smaller exchanges faced being cut off from the market through lack of compliance as banks failed to cope with demand. This, sources say, could see one million users caught out.\n\ncrypto exchange\n\nSoeul Goes After Illegal Actors\n\nNot just bonafide actors, but also the shadier side of South Korea’s trading market has caught the attention of regulators.\n\nCustoms in the country has announced it has uncovered “illegal foreign exchanges” involving cryptocurrency worth almost $600 million this week, with investigations ongoing.\n\nThe organization stated:\n\nCustoms service has been closely looking at illegal foreign exchange trading using cryptocurrency as part of the government’s task force.\n\nBitcoin prices have, meanwhile, stopped reacting to developments in South Korea’s regulation after Japan’s major hack and legal troubles at Tether stole the limelight.\n\nWhat do you think about the latest developments in South Korea? Let us know in the comments below!\n\nImages courtesy of Pxhere and Bitcoinist archives.\n\nbanbitcoin regulationSouth Korea Show comments![9425A38F-EE66-425A-97C7-C535A271AEB1.jpeg](https://steemitimages.com/DQmTXJyqohujaDhTP9N4CTyb5DkCFDfMTxQhUdDKFMjWX34/9425A38F-EE66-425A-97C7-C535A271AEB1.jpeg)",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.coindesk.com/bitcoin-is-back-above-10k-but-gains-could-be-short-lived/",
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      "body": "Bitcoin is back above $10,000, but the gains could be short-lived, the price charts indicate.\n\nHaving breached key support yesterday, prices on CoinDesk's Bitcoin Price Index (BPI) fell to a two-week low of $9,627.89 at 01:14 UTC today. In the last few hours, bitcoin (BTC) has managed to regain some poise and moved back above $10,000. At time of writing, bitcoin was around the $10,300 mark.\n\nThe 15 percent drop from the weekend high of $11,942.25 signals a continuation of the series of lower highs on the price chart, suggesting the bears remain in control.\n\nThat said, the quick rebound from $9,627.89 to $10,000 adds credence to the argument that the cryptocurrency could be forming a base around $10,000.\n\nHowever,, the 4.9 percent rally from the intraday low of $9,627 looks like a technical correction amid a bigger downtrend. Further, a break below $9,780 could result in sharp losses.\n\nBitcoin chart\n\n\n\nThe above chart (prices as per Coinbase) shows:\n\nBTC closed (as per UTC) yesterday below $10,313 (50 percent Fibonacci retracement of 2017 low-high), signaling another victory for the bears. However, they have failed at least four times in the last two weeks to keep the prices below the key Fibonacci level, thus establishing it as an important support level.\nA falling channel marked by falling trendlines representing lower highs and lower lows.\nFive-day moving average (MA) and 10-day MA are trending lower, indicating a bearish setup.\nThe 50-day MA has adopted bearish bias (is beginning to slope downwards).\nAlso, the bearish move below $10,313 witnessed yesterday looks strong.\n\n4-hour chart\n\n\n\nThe ADX line bottomed out yesterday and rose sharply once prices fell below $10,313, indicating the bearish move is strong and prices will likely extend the decline.\nCurrently, the ADX line is at 29 and rising. The above 25 readings indicate the beginning of a trend. In BTC' case, it means the bearish move has likely just begun.\nSo, the cryptocurrency looks set to test $8,052 (61.8 percent Fibonacci retracement of 2017 low - high) over the next few days.\n\nHowever, the above scenario may not come to fruition if the rising trendline continues to cap downside in bitcoin.\n\nTrendline chart\n\n\n\nThe ascending trendline (drawn from Jul. 16 low and Sep. 15 low) is still intact. BTC's dip below the trendline seen earlier today was short-lived.\nView\n\nThe previous day's close below $10,313 (50 percent Fibonacci retracement of 2017 low-high) has strengthened the bears.\nHowever, the rebound from the trendline support seen today calls for caution.\nA daily close (as per UTC) below the trendline support of $9,780 could yield a drop to $$8,052 (61.8 percent Fibonacci retracement of 2017 low to high).\nBullish scenario: A daily close (as per UTC) above $11,690 would turn the tables in favor of the bulls.\nMelting ice lolly image via Shutterstock\n\nThe leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected]. \n\nDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.",
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