These are the top Bitcoin, Ethereum, and cryptocurrency news stories for January 29, 2018.

According to Reuters, hacked Tokyo-based cryptocurrency exchange Coincheck will repay users $425 million worth of NEM.

Over on Reddit, a user pointed out that more than 1 million people are now waiting to gain access to mobile app Robinhood's cryptocurrency trading platform.

According to Business Korea, The New York State Department of Financial Services was behind the recent investigations into South Korean banks connected to cryptocurrency exchanges. The U.S. seemed concerned that these exchanges could be used to get around sanctions against North Korea.

Over on Reddit, a user pointed out that SegWit adoption hit an all-time high in terms of the overall percentage of Bitcoin transactions over the weekend.

According to a Forbes contributor, Silicon Valley's bitcoin apps are now about price speculation rather than cheaper payments.

Featured image via Pixabay.

Verified on Po.et

January 29th 2018, 17:20

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Kyle first used Bitcoin in 2011. By early 2014, researching and writing about Bitcoin had become his full-time occupation. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, he provides a daily Bitcoin news recap via a newsletter and YouTube show (audio only version available via SoundCloud), which can be found at kyletorpey.com.

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