Bitcoin - What Goes Up Must Come Down

Bitcoin - What Goes Up Must Come Down

Recent falls are largely down to market fears after reports that cryptocurrency exchanges Bitfinex and Tether being subpoenaed by USA regulators in December. It clawed back some losses and was down around 5.6 per cent at US$8,498 in late NY trading. DigixDAO was the only exception, with the digital currency trading 40 percent higher. It surged more than 1,000 per cent though in 2017. And if a payment solution can help the congestion, bitcoin may once again become an effective payment network, Moskowitz said.

Other cryptocurrencies, including Ripple, the third-largest by market value, and Bitcoin Cash, have also racked up double-digit declines in the last 24 hours, according to Coinmarketcap.com, which tracks the industry. Ethereum was last down 13.2 per cent, at US$888.22, while Ripple last traded at 83 USA cents, down 14.7 per cent. While India announced the toughening of the regulation of the cryptocurrency market.

The total market capitalization or value of all cryptocurrencies in circulation was $402.9 billion at the time this article was written.

Dexter the Therapy Peacock Barred From Boarding a Jet, to Owner's Distress

Social media giant Facebook announced this week that it will ban ads promoting "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency".

In a development welcomed by cryptocurrency investors, the finance minister of South Korea, a major hub for digital coin trading, said on Wednesday there was no plan to outlaw their buying and selling after regulators had earlier pledged to do so.

Despite banning the purchase and sale of cryptocurrency, the Indian government wants to further explore blockchain technology (on which bitcoin is based). A major sell-off of cryptocurrencies is being observed in the last few days, causing the price of Bitcoin to decline to as much $8,500.

Related News:

  • A Monopoly board game for cheaters launching this year

    A Monopoly board game for cheaters launching this year

    But now comes a game that truly caters to our morally dicey times: it's the " Cheaters Edition " of Monopoly . The real question might be what happens when your fellow players are caught cheating at cheating.

    Worth Watching Stock AbbVie Inc. (ABBV)

    Ffcm LLC now owns 1,539 shares of the company's stock worth $111,000 after purchasing an additional 963 shares during the period. Powers decreased its stake in Blackstone Group Lp/The (BX) by 9.82% based on its latest 2017Q3 regulatory filing with the SEC.
    French gov't pledges more security forces in Calais after violent migrants brawls

    French gov't pledges more security forces in Calais after violent migrants brawls

    Charities estimate there are around 800 migrants living in Calais but official figures claim there are between 550 and 600. More than 100 African migrants armed with iron rods and sticks attacked a group of around 20 Afghans, prosecutors said .
  • What CFPB gained, lost in constitutionality case

    What CFPB gained, lost in constitutionality case

    A district court judge denied granting English a temporary restraining order in December against Mulvaney, and she appealed. The court said the CFPB had violated due process by not providing PHH with notice of its new interpretation of Respa.
    Kim Kardashian shares photo of pregnant sister Khloé

    Kim Kardashian shares photo of pregnant sister Khloé

    I love you, Goober. "I'm happy about that", she added before joking, "The perks of being chubby previously". Alongside the flowers posted on her Instagram , Khloe wrote: "Thank you baby for being so thoughtful!"
    Stock markets recover post 400 pt crash after Union Budget

    Stock markets recover post 400 pt crash after Union Budget

    The carnage at Dalal Street today shrunk the total investors' wealth by almost Rs 4.6 lakh crore. The benchmark had seen a fall of 239.35 points or 3.32 per cent on February 11, 2016.
  • Asus ZenFone 5 Series smartphones might launch at MWC 2018

    Asus ZenFone 5 Series smartphones might launch at MWC 2018

    Since the last year's Zenfone 4 Pro came with Snapdragon 835 SoC, we might see the Zenfone 5 Pro with Snapdragon 845 SoC on 2018. Asus is also in rumours for developing the ZenFone 5 Lite that recently received a certification in Russian Federation .
    Mesut Ozil signs new long-term contract with Arsenal

    Mesut Ozil signs new long-term contract with Arsenal

    Per BBC , the 29-year-old becomes the highest-paid player in club history, earning around 350,000 euros a week before tax. New Arsenal signing Pierre-Emerick Aubameyang trained for the first time as an Arsenal player on Thursday morning.
    CLINTON COLLUSION: FBI Given SECOND DOSSIER by Longtime Clinton Aide

    CLINTON COLLUSION: FBI Given SECOND DOSSIER by Longtime Clinton Aide

    It was believed to allege that they depended on Mr Steele's contentious dossier to justify the warrant. However, Steele would not endorse Shearer or his claims.
  • Essential Phone to skip Android 8.0 due to 'stability issues'

    Essential Phone to skip Android 8.0 due to 'stability issues'

    What are you waiting for? The good news is that it is about time the Essential phones will be upgrading to Android 8.1 Oreo . Google has previously stated that, the new Android Oreo update is designed for the premium Android smartphones of future.
    US Employment Jumps By 200000 Jobs In January, Wage Growth Accelerates

    US Employment Jumps By 200000 Jobs In January, Wage Growth Accelerates

    Economic growth could reach 2.5 percent to 3 percent this year, some economists have forecast, which would top 2017's pace. The category of warehousing and storage - partly associated with Internet shopping - added 11,100 jobs, the report showed.
    Supermodel Kate Upton Complained About Sexual Harassment

    Supermodel Kate Upton Complained About Sexual Harassment

    U.S. model Kate Upton has accused fashion giant Guess' co-founder and creative director Paul Marciano of sexually harassing women. Neither Marciano nor Guess have offered a response to Upton's claims, but no doubt we'll be expecting one soon.


Most liked

Mike Fisher Returning To Predators
The Predators signed centre Nick Bonino in free agency and landed centre Kyle Turris in November from Ottawa in a three-way trade. McKenzie also added that Fisher should join the team "sometime between now and the February 26 trade deadline/roster setting".

Chat App LINE To Launch Its Own Cryptocurrency Exchange In Japan
The company announced on January the 31 that it has chose to provide a crypto exchange platform among other financial services. Line Financial has already filed for a license with Japan's Financial Services Agency (FSA) to trade crypto tokens.

Shopian firing incident: Lt. Gen. Anbu says army responds only when provoked
He was shifted to Sher-I-Kashmir Institute of Medical Sciences in Srinagar where he succumbed at 3 AM on Wednesday. "That is an unfortunate thing".

Polish Lawmakers Approve Controversial Holocaust Bill Despite International Criticism
Opposition member of parliament Itzik Shmuli said the bill made Poland "the first nation to legislate Holocaust denial". Some of the most notorious Nazi death camps were established within Poland's borders.

Tinder told to stop discriminating against over-30s by USA court
Users of Tinder's app "swipe left" on their phones to decline a match as unattractive, and swipe right to signal attraction. It is unclear if Tinder plans to fight this or if it will change the way they price their Tinder Plus feature.

USA to impose arms embargo on S. Sudan to end war
South Sudan descended into war in mid-December 2013 when Kiir accused his former deputy Riek Machar of plotting a coup. South Sudan is the worlds youngest country, and has been supported by the US since it's inception in 2011.

Journalist says BBC treating women as 'enemy' over pay gap
Humphrys was criticised after a leaked tape showed him joking with Sopel about Gracie and the gender pay gap. But he said there was "a difference between the scale and scope" of jobs that meant salaries varied.

South Africa gold mine loses power, 1000 workers stuck underground
Sibanye Gold Beatrix mine , which is about 30km away from Welkom, is located on the R30 road through Theunissen in the Free State. According to local news channel eNCA , the mine had generators but there were fears they might trip while bringing the miners up.

Cavaliers' Love to avoid surgery, will miss 8 weeks
Myles Turner had 15 points and 11 rebounds in his return to the starting lineup, and in beat Memphis for its third straight win. With 15 points and six assists, Elfrid Payton was one of seven players to score in double figures for the Magic (15-35).

USA ready to hit Syrian chemical weapons
Defense Secretary Jim Mattis issued a stern warning on Friday to Syria, urging the regime to abstain from using chemical weapons. Damascus has denied using any chemical weapons in the seven-year conflict, blaming the rebels on using it on themselves.

Ellen DeGeneres Gifts Audience Members $1Million Dollars To Share!
As part of her 60th birthday extravaganza, Ellen filled her audience with countless people who've made a difference in the world. The actress revealed that DeGeneres is a huge fan of the late Dian Fossey , who was an animal advocate.

Latin America should not rely on China: Tillerson
So far in the Western Hemisphere only Canada has followed the USA lead in sanctioning loyalists of President Nicolás Maduro. But first he will have to overcome the aftermath of Trump's aggressive brand of diplomacy.

18 injured as burning minivan ploughs into pedestrians in Shanghai
Authorities said a 40-year-old man was smoking while driving a minivan filled with gas canisters and lost control of the vehicle. During the weeks-long travel period, authorities emphasize safety on the road and aboard planes, trains and ferries.

Instagram Type Mode lets you post text-only Stories
The updates will be arriving in a new version of the app, being pushed out to iOS and Android users now. It also allows you to add the text styles to your image or video-based stories but it is not necessary.

West Ham win race to sign Hugill
However, Preston said in a statement "they could not stand in his way for the chance of top-flight football ". Hugill, 25, is travelling to east London ahead of potential deadline day transfer, according to Sky Sports.