Here are the day’s headlines. Today was a big day in crypto news. China might adopt Ripple after banning foreign and domestic cryptocurrency exchanges, the US Senate heard testimony from key regulatory agencies in the US on how to regulate Bitcoin, meanwhile, the market continues to drop. Let’s hope the market settles a bit tomorrow!

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Will China adopt Ripple? dowbit

Will China adopt Ripple?

China is infamous for its unfriendly stance towards cryptocurrencies, and especially ICOs. The unstoppable wave of regulations in the country has caused and continue to cause serious effects in the crypto market.

Last year, the country shook the market by banning ICOs and cryptocurrency exchanges. This year, the regulations continued as the government also banned access to foreign exchanges. Now, amid these attempts to control the market and the industry in the country, rumors of the People’s Bank of China adopting of Ripple are coming to light.

US financial watchdogs weigh in on cryptocurrency regulation dowbit

US Financial watchdogs weigh in on cryptocurrency regulation

US Senate Committee on Banking, Housing, and Urban Affairs held a fact-finding hearing today on how best to regulate cryptocurrency. Chairmen from the Securities and Exchange Commission (SEC), and the Commodities Futures Trading Commission (CFTC) answered questions from Senators about how to understand digital currency, and how the agencies will address the emerging investment asset.

Read more here.

australiabitcoin

Australia’s top banks: We won’t ban buying Bitcoin

Australia’s biggest banks confirmed that there are no plans to ban buying Bitcoin with credit cards. Popular Australian banks JP Morgan, Bank of America and Citigroup have adopted a different approach that their US counterparts.

Read more here.

India to set up cryptocurrency regulation panel

India is taking a tough stance on cryptocurrencies. Following Finance Minister Arun Jaitley’s announcement that “Bitcoin is not a legal tender,” country is moving to regulate crypto trading. Many people in the crypto community took Jaitley’s announcement as a ban. However, while the government has taken a stance to reject cryptocurrency as a currency, that stance does not affect regulated crypto asset trading.

Read more here.

US regulators to testify to congress on cryptocurrency regulations dowbit

US regulators to testify to Congress on cryptocurrency regulations

Idaho Republican Sen. Michael Crapo and Ohio Democrat Sen. Sherrod Brown will hold a full Senate Banking Committee hearing on Tuesday at 15:00 UST to explore the regulatory framework for cryptocurrency. As the price of Bitcoin and other cryptocurrencies rose last year, investors flocked to the largely unregulated assets. In December last year, Bitcoin hit an all-time high of around $20,000 but has since fallen to $6,644 according to Coinmatketcap. US congressional leaders hope to better understand how to understand cryptocurrency — and who should regulate it.

Read more here.

Bitcoin: A history of falls

The beginning of 2018 does not turn out to be the most beneficial in the community’s perception of cryptocurrency. Bitcoin has dropped by 70% in value from an ATH of over $20,000 in December 2017. We thought we were coming out of it, but People who bought their crypto assets at ATH were not aware that the general sale had just begun.

Read more here.

Major banks ban cryptocurrency purchases with credit cards dowbit

Major banks ban cryptocurrency purchases with credit cards

The current cryptocurrency market correction seems far from over. What began as a pre-Christmas correction dragged into February. The continuous fall of BTC prices is not only dragging the whole market down but also spooking investors.

Read more here.

Bitcoin price 8500 dowbit

Bitcoin price dips painful, but it’s been worse before

February has been a cruel month for crypto investors. Coinmarketcap shows significant declines across the board. Virtually no crypto was spared. Today, Bitcoin is at the lowest price since the 13th of November 2017 – $6,079. Since reaching an all-time high of $20,000 USD less than two months ago the cryptocurrency has lost nearly 70% of its value.

Read more here.

Correlation, or Coincidence? Crypto market and Wall Street tumble dowbit

Correlation or coincidence? Crypto Market and Wall Street Tumble.

Can Bitcoin’s recent dip in value be explained by repetitive mechanisms or measurable indicators? Is the drop in stock prices somehow connected to cryptocurrency’s market correction? Let’s consider the relationship between the cryptocurrency and legacy financial institutions.

Read more here.

 

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