Jan 14, 2019 at 11:56
Reserve Bank of India Forces Customers to Abandon Dealing with Cryptoassets
The Reserve Bank of India (RBI) is allegedly forcing the clients of the commercial banking institutions to completely abandon cryptocurrencies including bitcoin (BTC) and stop operating any kind of business activity related to cryptoassets. In case the client wants to set up a new bank account in any commercial banking institution in the country, he or she is forced to sign documents which in this case read that they shan’t deal in any digital currency transactions from their bank accounts.
FCA: UK Regulator Inquires 67 Cryptoasset Firms
The U.K disclosed that it has rolled out a total of 67 different inquiries into cryptoasset firms, out of which 49 were successfully closed and 18 are still ongoing. To boot, the U.K government has ratified that it is poised for action to offer more aid to the Financial Conduct Authority (FCA) to assist regulate the cryptocurrency sector.
XRP is Now Available on EO.Finance
We are pleased to announce that Ripple XRP has been added to EO.Finance! For those unaware, XRP is currently the second largest cryptocurrency in terms of market capitalization. Ripple is the name for both a digital currency (XRP) and an open payment network within which that currency is transferred.
Novogratz Mike: Bitcoin to Trade Between $3,000 - $6,000 Range, Increases Over 20% in Just 4 Days
The crypto market has been unfavourable for the majority of cryptos such as Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin. But good enough, Bitcoin (BTC) has managed to increase by around 20% from December 17 when it was trading at $3,181 to December 20, 2018 trading at 3,801, at press time. Moreover, the rally seems to last as the price went up to $4,091 in a couple of hours. The recent crypto rally led the market cap not to fall below the valuation level of $100 billion.
Crypto Market Registers a Swamp of New Investors Amid Meltdown
2018 has unquestionably been one of the more ill periods for digital assets in terms of prices, though it has not been considered indicative with feelings of pessimism and despair because adoption is highly increasing as real usage of digital currencies is on the rise. Over the last month, the Bitcoin (BTC) price deeply plunged and is standing at around $3,400. At press time, other major cryptos such as Ripple (XRP), Ethereum (ETH) and Stellar are trading at $0.304, $90.9 and $0.1115 respectively.