Japan and South Korea and Bitcoin, this is daily crypto community news.

· Japanese Consumers Association reminds consumers to beware of READ company’s fake cryptocurrency advertising

According to the Asahi TV report, the Japan Consumers Association reminded consumers to be cautious about the fake cryptocurrency promotion advertisements carried out by the READ company. The company launched a fake advertisement on the Internet that “can receive $2,700 (300,000 yen) of bitcoin currency per month” and entice consumers to buy the software. The number of victims has reached 3,800 and defrauded $ 6.29 million (700 million yen).


· The Korea National Police Agency will hold a seminar to discuss events such as cryptocurrency crimes.

According to the Yonhap News Agency, the Korean National Police Agency will host the 2018 International Cybercrime Seminar (ISCR 2018) in Seoul, where events such as cryptocurrency crime like dash, monero coin, Internet IP address tracking, adult publications, and IoT hacking threats will be discussed.

· Scottish startup develops private leasing industry database based on blockchain technology

According to The Scotsman, Scottish technology startup Wallet.Services develops a database of private leasing industry based on blockchain technology and works with the property leasing portal Citylets. The database will securely provide relevant information from the leasing agent, which the local government can apply to the Scottish government to set a designated rent pressure zone within its jurisdiction, as the application must submit market evidence of excessive rent increases. It is reported that the database uses the Siccar product jointly developed by Wallet.Services and the Scottish government.

Bitcoin broke through $7000, what should I do next?

As of the posting time, the BTC to usd price has exceeded the $7000 mark and keep rising. This August maybe not that peace and security, then what factors will influence the price trend of Bitcoin? Let me explain it.


1. Global selling of US dollars
Who is the biggest reference for judging the value of Bitcoin? — definetly the USD. However, this reference has been a bit unstable recently. First of all, it is Fed Chairman Powell that the interest rate hike is good for the economy. And will keep raising interest rates in the future, the dollar will keep tighten.

“The economic performance is strong, and the Fed’s target of nearly 2% inflation rate can be found by most people looking for a job. If the momentum of strong income and employment growth continues, it may be appropriate to further increase the Fed rate target range.”

The second is Trump, which everyone is familiar with. His former private lawyer, Michael Cohen, pleaded guilty and surrendered to the FBI on eight allegations of violating the campaign finance law, bank fraud and tax evasion, and reached a plea agreement with the federal prosecutor.


Cohen’s information includes not only the conspiracy to undermine the US democratic system during the 2016 election, but also the hacking of computer hackers and whether Trump knows these crimes in advance. Once Trump is impeached, the consequences can be imagined.

Having said so much about the USD, why does it affect Bitcoin? Because everyone was escaping from the USD zone, some people ran to the Bitcoin zone to take refuge, which led to a surge in bitcoin trading prices. However, is this a refuge or a disaster for those guys? It depends on the future trend.

2. Chinese influence on cryptocurrency weakens
Within a week, China issued a notice to sanction cryptocurrency-related media and offline activities, including blockchain companies in more than a dozen cities like Beijing and Shenzhen.

As early as September 4, 2017, China banned the cryptocurrency, which was considered to have a great impact on the existing market, and this also caused a big blow to Bitcoin.

But this time, Bitcoin was completely untouched, and there was not even an expected plunge happened, instead, it has soared to $6,700. Why is this so? The reason is simple, that is because China’s bitcoin market is shrinking, resulting in less and less influence on international cryptocurrency.

But there is still a possibility which is because cryptocurrency fraud has occurred too much in China, funds are held by that small number of people in usdt coin, and the public’s capital is not enough to support the entire industry. Is such centralization really the vision of Nakamoto?


3. SEC’s mercy
Although I said in the last article that the SEC rejected all ETF applications. However, two ETF applications that have been rejected are included in the review list for re-audit.

This move has undoubtedly increased the confidence of the world in bitcoin, and the market is optimistic that BTC’s ETF will be issued in the first half of 2019.


So, did you ever be a bottom fisher at $5900?

The aircoins soon to be zeroed, is that the end or the future of ETH?

It’s almost September, and the weather becomes cold again. This is autumn, but for most aircoins, this autumn probably is a real fall. It falls like a dead leaf, and the entire Ethereum trading network is that big tree, waiting for the apoptosis in winter.


1. Blockchain 3.0 development
In the era of Bitcoin, Litecoin and Dogecoin, which is the era of blockchains 1.0 and 2.0, more and more people realize that is not enough to simply develop currency and trade on blockchain. Then a person named Vitalik Buterin invented the Ethereum network and the corresponding coin — Ether (ETH).

The pain point of Ethereum solved is that the development cost of ordinary blockchain is too high, also with the possibility of failure. So the Ethereum of Blockchain 3.0 came into being.

So far, Ethereum is the second-ranked cryptocurrency in the world (Find the cryptocurrency rank at citicoins.com), second only to Bitcoin. The reason is simply that it can easily create tokens, so that each blockchain can have a transition period in the early stage of development. When the R&D is mature and the mainnet can be on lined, the tokens built on the ETH network are mapped to their own mainnet and become coins. Many cryptocurrencies rely on ETH to survive and land.


2. Children of ETH
At the end of 2017, ETH basically had several births every day. Some of the children who were born were very good in the beginning, and some were very bad. Some of those excellent ones are called Omisego, some are called NEO, but those that are bad have only one common name — Altcoins.

Continuing into the second half of 2018, ETH has also entered an exhausting period, possibly with too many children, leading to the crowding of the entire cryptocurrency community. For example, one of the ETH competitors was born in their own womb. It called EOS token.

It is really tiring to have children, and ETH has come over it. However, no one can say what the future of older women is. But now the situation is that ETH’s congestion has decreased, and the entire network is gradually getting smoother. It seems to be a good thing in the long run.


3. The death of Aircoins
Although ETH benefits many companies and manufacturers, it also benefits the blockchain industry. However, there will always be some criminals who are trying to make huge profits. The use of the convenient features of ETH for fraud has also caused many people’s money to be cheated. And these scams have another name — Aircoins, just like its name, nothing, only the air.

Fortunately, various countries have begun to crack down on these fraud companies, and some of these companies have already run away. Aircoins is entering the era of zeroing. There are currently nearly 4,000 currencies on the market, and about half of them are based on ETH. And half of those may be aircoins.

Therefore, if the aircoins really zeroed, it is also a very big blow for ETH. However, we have reason to believe that slowing down server pressure and good money to expel bad money may be just a temporary pain, and in the long run, it is very conducive to the development of blockchain projects.


The price of ETH has plummeted from above $1000 to below $300. Will these Aircoins cause ETH or even the blockchain 3.0 to die? In my opinion, ETH price may be impacted by this, but it is not fatal, because after all, more blockchain projects are still developing.