Cryptocurrency Markets Show Signs of Life After $400 Billion Crash

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Cryptocurrency prices are showing signs of life following their $400 billion crash but investors are not out of the woods yet. Cryptocurrency Markets Show Signs of Life After $400 Billion Crash The cryptocurrency market cap — a metric which measures the value of all circulating cryptocurrencies — fell as low as $415 billion on Wednesday,

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Fintech Bill: US Congress Plans to Combat Cryptocurrency Use in Terrorism Financing

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US policymakers have made targeting cryptocurrency-fueled terrorism and the illicit use of digital coins for any purpose a priority. Rep. Ted Budd (R-NC) of the House Financial Services Committee on Jan. 10 introduced the Financial Technology Innovation and Defense Act to Congress. A key feature of the bill is a fintech task force designed to

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Ripple Price Drops Below Dollar Parity to Punctuate 28% Skid

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The ripple price fell below dollar parity this morning, punctuating the third-largest cryptocurrency’s 28 percent skid. Ripple Price Dips Below $1 Ripple entered 2018 on a hot streak of parabolic proportions. During a one-month period, the global average ripple price rocketed from just $0.25 to an all-time high of $3.84, creating XRP millionaires almost overnight and

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Japan’s Largest Bank MUFG Will Open Cryptocurrency Exchange: Local Reports

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Mitsubishi UFJ Financial Group, the largest bank and financial institution in Japan by assets, is planning on launching a bitcoin and cryptocurrency exchange targeting institutional and retail investors. Launching Cryptocurrency Exchange Japan’s Mainichi Shimbun, one of the major newspapers in the country, and South Korea’s national public news publication KBS, reported that MUFG is preparing

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Bitcoin Price Plunges Below $10,000 as Correction Intensifies

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The bitcoin price plunged below $10,000 on Wednesday as this week’s comprehensive market correction intensified. Bitcoin Price Plunges Below $10,000 The cryptocurrency markets have been in a free-fall this week, and the downward spiral continued this morning. The cryptocurrency market cap dove below $500 billion, and the bitcoin price sunk as low as $9,663 on

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IBM Unveils Joint Blockchain Company with the World’s Largest Shipper

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Early blockchain tech mover IBM and Danish shipping giant Maersk have announced a joint venture to digitize and enhance global trade efficiency and security using blockchain technology. One of the world’s oldest industries that has long been notoriously averse to adopt modern technologies is getting a blockchain revamp. In an announcement yesterday, IBM and A.P

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Newsflash: Bitcoin Price Falls Below $10,000 in 6-Week Low

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Bitcoin price plunged to a six-week low on Wednesday amid a continued downturn in wider cryptocurrency markets. It has been a turbulent week for cryptocurrency markets and bitcoin, the world’s first cryptocurrency and largest by market cap, struck a low of $9633 (Bitfinex). Data from CoinMarketCap shows the total value of all bitcoins mined at

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BitConnect Shuts Cryptocurrency Exchange Citing Bad Press, DDoS Attacks, Regulator Scrutiny

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The operator of BitConnect, a cryptocurrency that has long courted controversy, has announced the closure of its cryptocurrency exchange and a separate lending platform. In an announcement on its website on Tuesday, BitConnect confirmed the immediate closure of its lending operation whereas its exchange platform will effectively shutter in a further five days. The website,

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South Korea Military Blocks Soldiers’ Access to Cryptocurrency Trading

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South Korea’s national defense ministry has begun blocking access to online cryptocurrency trading platforms in military bases. As Korean financial officials ponder a wider clampdown on domestic cryptocurrency trading markets, the country’s military is already weighing up and enforcing its own measures to keep soldiers from trading cryptocurrencies like bitcoin, the Korea Times reports. Since

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Cryptocurrency Market Continues to Slump as Ethereum, Ripple, et al. Suffer 20%+ Fall

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The cryptocurrency market has continued to slump over the past 24 hours, as major cryptocurrencies including Ripple, Ethereum, and Bitcoin Cash recorded over 20 percent in daily losses. Since January 15, the market valuation of cryptocurrencies declined from $700 billion to $500 billion within a 48-hour span. In the past few hours, the cryptocurrency market

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