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Ripple sold $91.6 million of its digital currency XRP last quarter, as the price surged almost 30000% Ripple, the payments company that's developing a blockchain-based system for banks, sold $91.6 million worth of digital currency XRP in the fourth quarter, taking advantage of last year's 29,631 percent price surge. Trading volume in the quarter jumped more than 35,000 percent to an average of over ...
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Dollar tanks after Mnuchin says a weaker currency is good for US trade The dollar added to its losses and was at a three-year low on Wednesday after Treasury Secretary Steven Mnuchin said a weaker currency was beneficial to US trade. "Obviously a weaker dollar is good for us as it relates to trade and opportunities," he told reporters in Davos, according to Bloomberg.
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Another Virtual Currency Player Charged With Fraud by CFTC On the heels of two enforcement actions announced late last week, the U.S. Commodity Futures Trading Commission has announced fraud charges against yet another company operating in the virtual currency space. The enforcement action alleges that Las Vegas-based My Big Coin Pay Inc., a virtual ...
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Stripe bids farewell to bitcoin, says it will stop supporting the currency It's been a roller coaster few weeks for bitcoin and its loyal followers. After reaching a fever pitch in value near $20,000 in late 2017, the cryptocurrency has had a rough 2018, plummeting to just over $11,000 at the time of writing. And now, it's not only losing value, but it's losing support from payment ...
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Ratings firm issues first grades on cryptocurrencies, sparking outrage online and a cyberattack Bitcoin received a "fair" C+ rating because the digital currency is "encountering major network bottlenecks, causing delays and high transactions costs," according to a release. "Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly ...
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Saudi Arabia deposits $2 billion into Yemen's central bank amid currency crisis Rachid Haddad, a Yemeni economist, blamed the on-going "the aggression and siege" war for the currency crisis, saying, "The Yemeni riyal collapsed due to the aggression and siege over more than two and a half years by 60% of its previous purchasing value." He added that this "had a direct impact ...
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4 currency forgers held The Detective Branch (DB) of police arrested four members of two separate money counterfeiting gangs and seized fake Indian rupees worth Rs 12.28 lakh and Bangladeshi currency worth Tk 20 lakh from their possessions on Tuesday night. The arrestees -- Duruduzzaman Biswas alias Jaman, Tariqul ...
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