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      "body": "Congratulations @sangboom! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@sangboom/community.png</td><td>Thank you for the witness votes you made to support your Steem community and for keeping the Steem blockchain decentralized</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@sangboom) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=sangboom)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/use-your-witness-votes-and-get-the-community-badge\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmTugCUsoXX762vg1CuHRrpnPbfnjPogp8iCGv7F2kSVuj/image.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/use-your-witness-votes-and-get-the-community-badge\">Use your witness votes and get the Community Badge</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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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.bloomberg.com/news/articles/2017-12-19/bitcoin-slumps-10-percent-in-biggest-drop-since-before-futures",
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      "body": "Lost in the hubbub over the feeding frenzy in cryptocurrencies and related stocks is the original digital coin itself.\n\nBitcoin was trading at $16,626.42 at 10:25 a.m. in Hong Kong, down about 15 percent from a record high on Monday. That’s the steepest decline since before futures were introduced on Dec. 10.\n\n“A short-term correction was definitely on the cards,” said Thomas Glucksmann, Hong Kong-based head of marketing at cryptocurrency exchange Gatecoin Ltd. “I think we’ll see some recovery by the end of the week. To be honest, I only see this as the short-term volatility we were all expecting to see anyway.”\n\nInvestors have shown more interest in smaller digital coins such as ether and ripple, where gains have lagged bitcoin’s 17-fold rally this year, and as others speculate there is more room to gain because of their smaller market capitalizations.\n\nCoinbase Inc., one of the most popular U.S. cryptocurrency exchanges, also announced it is adding rival bitcoin cash to its offerings. The bitcoin alternative emerged earlier this year amid a split between factions in the cryptocurrency space over proposed software upgrades to the blockchain technology underpinning bitcoin.\n\n![](https://steemitimages.com/DQmRxP8AXmF1fL9tsEhUV1TbeKGzPm9FqWaSYDox44PpiWW/image.png)\n\nSource : https://www.bloomberg.com/news/articles/2017-12-19/bitcoin-slumps-10-percent-in-biggest-drop-since-before-futures",
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      "permlink": "crypto-mania-rages-with-bankruptcy-stock-suspension-etf-plan",
      "title": "Crypto Mania Rages With Bankruptcy, Stock Suspension, ETF Plan",
      "body": "The wave of crypto currency news turned into a tsunami Tuesday.\n\nBefore traders broke for lunch in New York, a Korean crypto exchange went bust after getting hacked; a stock unheard of 24 hours earlier surged even after its CEO gave a rambling defense of its business; U.S. regulators halted a coin trader’s stock on suspicion of manipulation; alt coins from ether to iota reached new highs; and an app maker tripled after buying a bitcoin ATM patent.\n\nThe frenzy of crypto news is reminiscent of the heady days of the dot-com bubble, when stories of mailroom millionaires sparked a rush to list anything remotely related to the internet. That’s not to say the digital currency craze has to end any time soon. Tuesday even brought a sign that it’s just getting started: A unit of Cboe Global Markets filed to list a bitcoin exchange-traded fund.\n\nHere’s a roundup of the day in crypto:\n\nTrading Suspended\n\nU.S. regulators temporarily suspended trading in Crypto Co. over concerns that the stock is being manipulated after it surged more than 2,700 percent this month, making paper billionaires out of top executives. Crypto is the product of a reverse merger with a company that made water and radio-wave resistant sports bra pockets, according to a November filing. Last week it issued stock to accredited investors at $7, a 97 percent discount to the prior day’s closing price.\n\n![](https://steemitimages.com/DQmcHcKL5Pwk7iUwALvnE3xo4KfiNqviH94Sz1uYjfHg8YP/image.png)\n\nRally Resumed\nJust when there looked to be a limit to the mania, LongFin Corp. captured the attention of the masses. The stock’s four-day rally reached 2,600 percent on Monday, earning its chief executive an appearance on CNBC. The interview did not go well for him as he got into a heated debate with the anchors, telling them, “you don’t understand.” Overnight LongFin shares stumbled...but they resumed their ascent in regular trading, rising as much as 23 percent before ending the day little changed.\n\nBelly-Up Exchange\nSouth Korean coin exchange Youbit became a casualty of hackers, saying it will close and enter bankruptcy after a cyberattack. Korea has emerged as a sort of ground zero for the global crypto-mania, with so many Koreans embracing bitcoin that the prime minister recently warned that cryptocurrencies might corrupt the nation’s youth.\n\nRiot Offering\nRiot Blockchain Inc., a stock virtually unknown three months ago, had a secondary offering as its shares pushed their gain since September to 700 percent. The company issued 1.64 million restricted units at a purchase price of $22.50 each. The stock closed Monday at $36.47. Short-seller Citron Research said yesterday it was betting against Riot, citing “full mania.”\n\n![](https://steemitimages.com/DQmfXgDdtWJjdNSfHVvMScXzWm4JkWFLx6gF27T5xZQAMpw/image.png)\n\nFirst ETFs?\nCboe filed for a proposed a rule change to list and trade shares of the GraniteShares Bitcoin ETF and GraniteShares Short Bitcoin ETF, a series of the GraniteShares ETP Trust. The exchange is a unit of Cboe Global Markets, which became the first to offer futures trading on bitcoin nine days ago.\n\nDigital Juicer\nAn erstwhile juicemaker from Hong Kong saw a Twitter mentionsend its stock soaring. Future FinTech Group Inc. -- until May known as SkyPeople Juice International Holding --soared more than 215 percent after a CNBC anchor called attention to its business. The stock was up 9 percent at the time of the tweet.\n\n![](https://steemitimages.com/DQmT5nvya4TZZjBWvMTdfDs1cM2pTHV5GeyuPmLJehx3zpw/image.png)\n\nBitcoin ATM\nDNA Dynamics surged 700 percent -- to 3.25 cents -- after saying it agreed to buy a patent “that requires any Bitcoin ATM operator to give a royalty on every Bitcoin ATM transaction” throughout the U.S. The company says it could see up to $1 million in revenue a year. It’s not clear how many such ATMs exist or how often they are used.\n\n![](https://steemitimages.com/DQmaeh6DcLwhzfng9V44edddvzGLWLy6Xb739pugfKo1tXk/image.png)\n\nWhat About Bitcoin?\nLost in the hubbub over the feeding frenzy in cryptocurrencies and related stocks was the original digital coin itself. Bitcoin fell as much as 10 percent to less than $17,000 on Tuesday, the steepest decline since before futures were first introduced on Dec. 10.\n\n![](https://steemitimages.com/DQmaftmWWzG9p3EK5YPWu1PFPDgWE9joVvY1VjRWuVvsqoe/image.png)\n\n\nSource : https://www.bloomberg.com/news/articles/2017-12-19/crypto-mania-rages-with-bankruptcy-stock-suspension-etf-plan",
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