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Ripple is just one of many cryptocurrencies that dropped significantly last night, sparking fears that the bubble is about to burst.  XRP sits at $0.5494, seeing 5.333 percent of its value shaved off overnight, according to CoinGecko. The token is currently trading well below the $0.5900 resistance and pivot level against the US dollar. XRP is another victim of a collective drop in crypto-value over the last 24 hours, with bitcoin and Ethereum also shedding value. The world wakes up this morning to a drastic drop in prices for the majority of cryptocurrencies, as bitcoin inches closer to the death cross. In simple terms, the death cross marks the point when a stock's 50-day moving average (MA) crosses its 200-day MA, resulting in a spiraling bearish trend that could spell the end of the stock. Bitcoin has lost more than 5 percent in the last 24 hours. The shockwave has sent the entire crypto-market into a dropping trend, with Ethereum losing 8.8 percent and Rip

Altcoins had outperformed bitcoin price growth last week: Altcoins rose substantially last week on expectations for lower regulatory actions from G20 countries. Cardano (ADA), Stellar (XLM), EOS (EOS) and IOTA (MIOTA) were among the prominent gainers despite some price correction at the end of the week. EOS posted weekly price growth of 40%, while Cardano and Stellar ended the week with mid-single digit gains. Altcoin, however, started this week in the red; the majority of coins are declining at a high mid-single digit rate today. The broader selloff in crypto markets impacted altcoin prices. Also, the trader’s profit taking strategy following the last week bull-run and increasing regulators interference helped bears in reversing previous gains. Cardano price Cardano price declined 8% today to $0.16, down sharply from the previous week high of $0.22. ADA is the seventh largest coin based on its market capitalization. There is no particular reason for the latest se

Cryptocurrency and the underlying blockchain technology need a decentralized network in order to be successful long term, said Ripple co-founder Jed McCaleb. Use of a centralized financial payment network will result in "a system that is no better than SWIFT or PayPal ," McCaleb said. "The real vision is that you have a network, much like the internet, that anyone can participate in," McCaleb said Friday on CNBC's " Fast Money ." "There's not one central entity that can decide that it's going to start charging. This is the way this thing can actually grow and reach ubiquity." "That's the key thing to make these things successful," he said.

Although cryptocurrencies like bitcoin are currently unregulated, possession of such images are a criminal offence in most territories - meaning that virtual coin traders in 112 countries could potentially be implicated in breaking the law, however unknowingly, simply by using blockchain as is required to carry out bitcoin transactions or mining activities. For the uninitiated, the blockchain is an open source, decentralised public ledger that records all bitcoin trades anonymously. :: Follow the latest bitcoin news on our live blog The discovery of disturbing imagery among the abstract data also collated within the blockchain was made by academics studying the emerging cryptocurrency sector at the RWTH Aachen University in North Rhine-Westphalia, Germany. "Although controlled channels to insert non-financial data at small rates opens up a field of new applications such as digital notary services, rights management or non-equivoc

Bitcoin prices briefly fell below $8,000 on Wednesday following news that Google , the world's largest online ad provider, plans to ban cryptocurrency advertising. Facebook, the second largest online ad provider, took similar action in January. Tech giant Google announced an update Wednesday to its financial services policy that will restrict advertising for "cryptocurrencies and related content" starting in June. Bitcoin fell 12 percent in late January after Facebook announced it would ban ads on "binary options, initial coin offerings and cryptocurrency." The social media giant said it would prohibit ads for financial products and services "that are frequently associated with misleading or deceptive p

A new report from Congress that dubs 2017 "the Year of Cryptocurrencies" calls for lawmakers and industry stakeholders to cooperate on the technology's use. The 2018 Joint Economic Report - an assessment of the nation's economic status and recommendations for the upcoming year - notably includes an entire section dedicated to cryptocurrencies and blockchain. This is the first known instance of the technology being mentioned in such a substantial way in the annual publication, which is produced by Congress' Joint Economic Committee and draws on members from both the House of Representatives and the Senate. The comprehensive report, dated March 13, tracks cryptocurrencies' rise to prominence, noting that bitcoin and ethereum, in particular, saw significant price growth, outpacing both the Dow Jones Industrial Average and the S&P 500. The report's recommendations are, perhaps, the most notable aspect of the release, stating that blockchain technolog

Bitcoin price tanked below $10,000 amid fears of a cryptocurrency crackdown at the hands of the SEC and the CFTC, it has emerged. Speaking on CNBC News , Bob Pisani explained how the news of a new ruling from New York could change the future of the crypto world. He said: “Cryptocurrencies have seen more fallouts today for fears of regulations. “Bitcoin has now fallen 80 percent over the last two day as watchdogs waive in the digital currency space. “Yesterday, it was the SEC issuing a warning that consumers should be careful about trusting the changes that they say are protected by federal law, but they’re not. Most of them are unregulated. “The SEC seems to be setting up for a crackdown. They want exchanges to register with the SEC. “They have previously said initial coin offerings (ICOs) are securities and anyone selling ICOs to the general public should register with the SEC But this goes further, the SEC thinks even the exchanges listing ICOs should themselves register.“

About 600 servers were taken from data centres in Reykjanesbær, near Reykjavik airport, and Borgarnes on Iceland’s west coast in January and February. Investigators are still trying to locate the missing equipment, worth about £1.45million, that was likely stolen to mine digital currencies. Millions of pounds can be made from mining Bitcoin, however, it require large and expensive computer servers to do so. At it most basic level, mining bitcoin involves computers solving complex mathematical equations in the hope of ‘discovering’ a coin  The computer servers used to make Bitcoin can become hot and overheat so that cooler climate makes the country an ideal location to mine digital money. The computer servers also use a large amount of energy, meaning Iceland’s low cost electricity is an extra incentive for farmers to base themselves in the country. The amount of energy now required to mine a single Bitcoin now exceed the amount of energy used by Iceland's 340,000 inhab

Priscilla Moriuchi stated the hermit kingdom could have brought in as much as $210million (£151million), an estimated 11,000 Bitcoins, from cryptocurrencies last year. She said: “I would bet that these coins are being turned into something – currency or physical goods – that are supporting North Korea’s nuclear and ballistic missile programme.” The volatile nature of the cryptocurrency market means the rogue state would have been able to cash in their Bitcoins for as much as $210million (£156million) in December. Meanwhile, if Kim Jong-un had waited until January, his cryptofund would have only been valued at $120million (£86million). Ms Moriuchi, who currently works for Recorded Future, a cyber threat intelligence company, thinks the North Korean regime acquired its vast number of Bitcoins from mining or hacking. Pyongyang has been accused of several devious cyber activities - last year the US accused the country of being behind the WannaCry attack that crippled NHS

. Global Equity Markets: New cracks are revealed Although a correlation between global equity markets varies over time, they can at times be watched as a group to see which might be leading or lagging. This relative performance can provide an indication of what might be coming next for particular markets or at least point to what signs to watch for. In cases of high correlated volatility, as we’ve seen recently, the signs can be particularly insightful. Recently, each of the equity markets followed peaked at record price or trend highs, fell sharply together, and then rallied sharply together. The question now for investors is what comes next? Is the volatility over or will we see more sharp moves in the near-term?  Europe may be pointing the way. Last week we saw a continuation of the bear trends in both the U.K. FTSE 100 Index, with a drop of 174.50 or 2.41% to close at 7,069.90, and the GermanDAX Index, worst performer, which fell 570.10 or 4.57% to close at 11,913.70. The perfo

KaratBank is creating a new Blockchain-based cryptocurrency based on the ancient legacy of gold. Whilst not readily used in trading today, gold has traditionally been viewed as a safe and secure investment. Combining this historical method with the most modern,cryptocurrency, may not seem like a likely partnership. However, a new company is doing just that. KaratBank claim that they take the advantages of gold trading and apply it to cryptocurrency. They highlight that gold is a trusted means of investment worldwide, is limited in quantity (which can push up value) and is also stable in price. By linking each of their KaratBank Coins (KBC) to a physical weight of deposited gold (in the form of CashGold – 24 carat gold embedded on a bank note), each token has a stable, trusted value. KaratBank Coins are based on the Ethereum Blockchain protocol allowing for use of smart contracts. The team describe the coins as ‘the foundation of a strategy to promote the development, infrastructure a

Dismal? Not quite, but the crypto markets had a rough ride in February. What began with a sell-off in bitcoin, one that pushed the total market capitalization of all cryptocurrencies to a 10-week low of $276 billion, has ended in a  seeming recovery , with the total value hitting $450 billion Thursday to end February trading. However, the numbers don't exactly tell the whole story. Comparing performance to January, the market saw a decline of 8.5 percent month-over-month, and a decline of 45.78 percent from its 2018 record high of $830 billion. But that's not to say there weren't gains to be had. Bitcoin (BTC), the largest cryptocurrency by market capitalization, saw a "V-shaped" recovery, while fifth-place litecoin notched monthly gains. Still, it was the lesser-known cryptocurrencies that performed best amid the broad-based gloom and doom, suggesting that after a flurry of retail trading to end 2017, enthusiasts are perhaps once again the domi