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Hello! This is <strong>CoffeAJE</strong> which means a man who makes coffee.
Among overflowing  blockchain related news, I will introduce five news as ordinary man in 30s who is interested to blockchain and cryptocurrency.

### NO.1 <a href="http://www.fnnews.com/news/201805140614484723" target="_blank">Upbit's situation seen overseas, market development momentum.</a>
The impact of the Upbit's seizure search, which is Korea's cryptocurrency exchange, has gone beyond the domestic to the whole global market. The $ 9,000 bitcoin price was $ 8,200 on the weekend. So, Matthias Goldman, Constellations Labs adviser, said that the regulatory authorities in Korea are serious about eradicating the fraud and the criminal law of the new technology. In addition, the Korean government will not be in a position to take a further crackdown, and the government regulation is not a bad thing for the market, but rather it is expected that the regulatory authorities will minimize the fraud of the industry due to the continuous regulation, so a more healthy cryptocurrency ecosystem can be created.

I assume that you were under a lot of stress from falling prices last weekend, right? Although I was able to get out of the poloniex after a little bit of sudden drop, it would be a lie if I did not get stressed as a QTUM investor which increase late in the upside and  a lead in the downside. In a blockchain conference in New York, the consensus 2018 also pointed out that the out-of-control situation of unregulated cryptocurrency is causing market turmoil and limiting companies' investment opportunities, hindering the maturity of the cryptocurrency market. In the future, there will be news from around the world to regulate the money market. It is not an unconditional prohibition but it will be legal process of defining cryptocurrency, and the government will try to tax it accordingly. The market will fluctuate every time it happens. If you are in a long-term investment position, I hope you to be less stressed due to short-term negative stories or price fluctuations.

From roughly two weeks ago, my brother borrowed my phone to check to price of cryptocurrency, and he was surprised by the fact that I do not have a website(http://wisebody.co.kr/) that offers service to check the price differences by countries. For writing a post on steemit, I just checked prices for cryptocurrency. Prices went down quite a lot. However, I bought at the peak and I already went through few huge drops, so not I just feel like that happens in regular basis and it does not hurt my mental at all. I think this mind is better for my mental health!

### NO.2 <a href="https://blockinpress.com/archives/5457" target="_blank">Tokyo whales, 8,000 bitcoins sold again.</a>
On May 11, Nobuki Kobayashi, who was commissioned to manage the cryptocurrency assets of a bankrupt exchange Mt.Gox, said he had shown a move to sell about 8,000 bitcoins. Usually, a large amount of bitcoin trading is done through over-the-counter (OTC) transactions rather than exchanges in order to eliminate sudden price fluctuations. He have been questioned by his movement starting from December which he sells a large number of bitcoins through exchanges. The reddit community says that "Kobayashi is selling Mt.Gox’s bitcoin after preparing a bitcoin short position.

I didn't even look at the articles about blockchain until I saw the Upbit's seized article, my Altcoin dropped by 20% last weekend, and lastly preparing this post. It seems to be overlapped with news of Upbit's seizure search and news of the Mt.Gox’s throws on huge numbers of Bitcoin. Among total of 200,000 Bitcoins, about 70,000 Bitcoins are sold out, which is worth around 1.2 trillion won. It seems that the expression of "mountain over the mountain" would fit for this article.

### NO.3 <a href="http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=008&aid=0004051320&sid1=001" target="_blank">Upbit, 100% coincidence with the transaction ledger.</a>
It is said that Upbit, who was investigated by the prosecution for allegedly trading in books only without having real cryptocurrency. It was notified by Yujin Accounting Corporation that the coin in his wallet and the coin in the transaction ledge were equal. He said that the allegations of trading without coins as soon as he managed the cryptocurrency by confirming the accounting corporation, will soon be released. Earlier in 2018, suspicions rumors about the Upbit’s possession of the cryptocurrency, UpBit, Bittrex, and a trustworthy third party opened their storage wallets and left a snapshot of the number of cryptocurrency they transferred. In this process, they have verified that the number of cryptocurrency in the storage wallet are 100 percent equal in the transaction ledger."

Suspicion of only book transactions is a problem that has been raised steadily from last year. I've been through about this topic on my posts. One of the guess that causes the price differences among cryptocurrency exchange markets globally, is in order to minimize company’s loss caused by book transactions and let users take the company’s loss by selling cryptocurrency in different price. (Usually it is more expensive in Korean exchange market.)

(However, last year’s price drop was caused by the Chinese mining forces which is pumping the price and sell their coins before the shrinkage) Even if the Upbit had a book transactions with the coin, I do not think that upbit would have already been prepared. Bithumb, Coinone, Coinnest will go through the seizure search, I think they would pass.. or are they..? Well this will pass someday anyway. :D

As I look at the Bithumb’s new slogan of “reliable crypto exchange market” and posting their financial report for the second half of 2017, I could not stop laughing at the Bithumb lol.

### NO.4 <a href="http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=421&aid=0003371493&sid1=001" target="_blank">Line Plus and Korean cryptocurrency Icon(ICX) Established Joint Venture ‘Unchain’.</a>
Line's blockchain subsidiary version of LinePlus has established a joint-venture entity chain in cooperation with a native password-protected platform icon instead of the leading passwords such as Etherium and EOS. The Icon was developed by the Domestic Blockchain Startup The Loop and is a password currency aimed at blockchain platforms like Etherium and EOS. First leader of company ‘Unchain’, HongGu Lee said, “We aim to build a new technology platform based on the new Dapp service so that users can experience the application of blockchain technology in their everyday lives through the establishment of a joint venture ‘Unchain”.

This is the reason why Icon which currently trading at 4,400 won, was trading at 7,000 won in last week of May 12. As a short understanding of Icon is a cryptocurrency that acts as a bridge between private blockchains. It is not similar with the role of EOS or Ethereum. Did I understand Icon in wrong way or did they change their platform? Korean startups are working hard to become the second Icon. Because the ICO price of the icon was about 105 won.

### NO.5 <a href="http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=001&aid=0010086110&sid1=001" target="_blank">Mitsubishi Bank will operate digital currency experiment next year.</a>
Mitsubishi UFJ Bank of Japan will conduct a large-scale demonstration experiment next year to see if 100,000 people can use their cryptocurrency in their everyday lives. 1 coin values equals to the value of 1 yen. This coin is called 'MUFG coin'. It is said that this experiment is expected to serve as a catalyst for digital currency exchange in Japan, where cash culture is deeply rooted in dealing with changes to society without cash.

It is an interesting article for me, but it is also uneasy news on one hand. In the near future, a cashless society will surely come, and I am concerned if the cryptocurrencies that we are trading currently will be the one we will use or not.. The central bank of each government, large corporations will be issuing cryptocurrency (digital currency) and can we survive in it? What do you think?
<hr>

When I was preparing for the posting, I saw the phrase, "Cryptocurrency change from exit to reality escape." Bitcoin, which may be the last chance of being different class, Bitcoin, which may be the exit from repeated labor.
'Are you running toward the exit? Or are you escaping from reality?
I think I should go through deep in mind to answer this question.
This is it for today.

I have been thinking for a long time and doing my best for good posting.
I would appreciate it if you would follow, upvote, or resteem.
Thank you very much for looking at the posting.

P.S. I wrote this posting with the help of @ohyea. If my posting is useful for you, I hope that you visit @ohyea's blog and upvote his posting too.

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