While not banning crypto-currencies, the financial regulators in both the United Kingdom and France have warned investors that they could lose all their money if they buy digital currencies issued by companies, known as "initial coin offerings". It has erased nearly 65 per cent of its value from a record high $US19,511 in December.
Yesterday, the original cryptocurrency dropped below $7,000 for the first time since mid-November, finishing the session at $6,955.27.
So why was Malcolm Butler benched?
RB: He opened the season No. 1 on the depth chart before took over October 15 against the Jets and never gave back the job. Eric Rowe , who started in place of Butler , said he learned the news just prior to kickoff. 'It was a coach's decision.
At the very same time, it was reported that the USA regulators had subpoenaed to - a company that issues the coin and claims it's pegged to the dollar - virtual-currency venue Bitfinex and Tether, that also helped to further the selloff and driving down prices.
According to CoinMarketCap.com, XRP is now having a market capitalization of only $27.3 billion. Coinmarketcap shows significant declines across the board. Ripple plunged to $0.59 from a high of $3.80 in January. More than half of this value has since been erased amid the biggest market correction in two years. The Bitcoin index continues to dip as bank all around the world bans its customer on buying digital currency.
S. African president faces top ruling party officials
There is also another planned motion of no confidence against Zuma later this month in parliament. There was no immediate comment from an ANC spokeswoman.
Early last week, Facebook banned ads for cryptocurrencies and initial coin offerings, saying such ads are "frequently associated with misleading or deceptive promotional practices".
Reuters also reported that USA market regulators will tell a congressional hearing tomorrow that digital currencies demand increased oversight and could require a new federal regulatory framework.
China Rejects US Revision of Nuclear Strategy
President Donald Trump said he ordered Mattis to conduct the Nuclear Posture Review within days of taking office past year . The Pentagon called for the United States to develop two new types of weapons in an update of its nuclear policy Friday.
It's impossible to predict how much further the cryptocurrency will crash, but one Reddit user used an edited version of a famous scene from The Simpsons to sum up its fate so far.
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