Written by Kyle Protho

Data Analyst at ICO Alert. Intelligence analyst by trade. Passionate about blockchain technologies.
March 29 2018

ICO Alert Crypto Minute: March 29, 2018

ICO Alert Crypto Minute: March 29, 2018

Desire to invest in cryptocurrencies highest among young and low-income South Koreans, social media giants face lawsuit from Eurasian blockchain associations, top 5 cryptocurrency price changes, and more!

A recent survey by Bank of Korea suggests that 40 percent of young adults in the country aware of cryptocurrencies. Image from Wit Olszewski.

Young and Low-Income South Koreans Want to Invest in Cryptocurrency the Most

A recent survey by Bank of Korea, which included over 25,000 participants, suggests that 40 percent of young adults in the country are aware of cryptocurrencies. According to Bitcoin.com, 24 percent of those who are aware of cryptocurrencies acknowledged that they “eager to possess cryptocurrencies.” Low-income participants, which were defined as South Koreans who make less than USD 18,600, want to invest in cryptocurrencies the most.

Eurasian Cryptocurrency and Blockchain Associations Planning Lawsuit Against Social Media Sites Banning Advertising

Cryptocurrency and blockchain associations across Eurasia are planning to file a lawsuit in May 2018 against Google, Twitter, Facebook, and Yandex for not allowing cryptocurrency-related advertising. According to CoinTelegraph, those associations include the Russian Association of Cryptocurrency and Blockchain (RACIB), the Korea Venture Business Associations, and LCBT, a Chinese association of cryptocurrency investors.

Ripple Joins Hyperledger Blockchain Consortium

Ripple has joined the Hyperledger blockchain consortium. According to CoinDesk, Ripple is one of fourteen companies to join the group. Ripple CTO Stefan Thomas said in a statement, “Through our partnership with Hyperledger, developers will be able to access Interledger Protocol (ILP) in Java for enterprise use.”

White Supremacists Have Turned to Cryptocurrencies For Fundraising Efforts

Far-right podcast host Christopher Cantwell has raised funds with cryptocurrencies after being banned from PayPal, Stripe, and MakerSupport. According to Newsweek, Cantwell has been using Bitcoin since 2013 and has recently been promoting Monero — a totally anonymous cryptocurrency. Consequently, other white supremacists have began to utilize Monero to raise funds.

Data pulled from CoinMarketCap.com at 8:36AM EST.
Data pulled from CoinMarketCap.com at 8:36AM EST.
Data pulled from CoinMarketCap.com at 8:36AM EST.
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Topics: Blockchain, Social Media, Cryptocurrency, Crypto Minute, South Korea