Bitcoin - What Goes Up Must Come Down

Crypto: The Key to Retiring 20 Years Early

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.

May denies United Kingdom must choose between European Union access, trade freedom
Meanwhile, May issued a call for gender equality in her address to business leaders in Shanghai on the last day of her trip. That was when Mrs May delayed approval of the Hinkley Point nuclear power plant project that the Chinese had a part in.

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:

  • Mike Fisher Returning To Predators

    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".
    The black unemployment rate spiked in January, muddling Trump's message

    The black unemployment rate spiked in January, muddling Trump's message

    It's not as if black unemployment was 18 percent under Barack Obama and, as soon as Trump took office, it plummeted. He responded, "To tell you the truth, probably nothing-probably nothing, just like Donald Trump has done nothing".
    Ellen DeGeneres Gifts Audience Members $1Million Dollars To Share!

    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.
  • 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.

    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.
    Alonso to contest upcoming WEC Season, will make Le Mans debut

    Alonso to contest upcoming WEC Season, will make Le Mans debut

    The two-time Formula One champion will do his sports vehicle endurance racing for Toyota Gazoo Racing , McLaren announced. Toyota's other vehicle will be driven by the unchanged lineup of Mike Conway , Kamui Kobayashi and José María López .
  • Polish Lawmakers Approve Controversial Holocaust Bill Despite International Criticism

    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.
    Cavaliers' Love to avoid surgery, will miss 8 weeks

    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).
    Hijab-less Iranian women arrested while protesting compulsory cover-up

    Hijab-less Iranian women arrested while protesting compulsory cover-up

    She told Radio Farda that that the charges against Hosseini were not yet known, but the judge has issued a bail of $140,000. Tehran police said on Thursday that the campaign had been instigated from outside Iran through illegal satellite channels.
  • Puerto Rico Still in Peril as FEMA Scales Back Recovery Efforts

    Puerto Rico Still in Peril as FEMA Scales Back Recovery Efforts

    Thousands of Puerto Ricans have relocated to the US mainland since Hurricane Maria devastated the island in September. Hours after NPR broke the news that FEMA was pulling the plug on Puerto Rico hurricane aid came a change of tune.
    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.
    Tinder told to stop discriminating against over-30s by USA  court

    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.


Most liked

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.

McDonald's Earnings Top On Strong Same-Store Sales Growth
The fast-food giant reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.12. In other news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction on Tuesday, November 21st.

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.

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.

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.

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.

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.

How An Alt-Right Group Planned To Sabotage 'Black Panther' Rating
A film with the overwhelming hype that Black Panther now enjoys was bound to have its fair share of haters waiting in the wings. The film, opening in theaters February 16, is a bold move by Marvel and Disney in featuring a virtually all-black cast.

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.

Conte insists he intends to stay at Chelsea
Olivier is coming back from a muscular injury. "Giroud is a player with a lot of experience". They face Watford on Monday where another defeat could spell the end for Conte.

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 .

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.