The cryptocurrency gained as much as 4,880% in US dollars and as much as 5,000% against Bitcoin. Here's the latest price action and news from the cryptocurrency world.
The Ripple price (XRP/USD) has seen a bit of a rebound after falling earlier today to its lowest level in more than seven weeks.
The biggest virtual currency sank as much as 17 per cent to as low as US$5,922, before trading little changed as of 9:12 a.m.in NY, according to Bloomberg composite pricing.
The cryptocurrency plunge came as the Dow dropped more than 1,000 points on Monday after closing 666 points on Friday. Ethereum, the second-largest by market value, was up 1.8 percent over the past 24 hours at US$751.48, while the third-largest, Ripple, edged up 0.5 percent at 73 U.S. cents, according to cyrptocurrency tracker coinmarketcap.com. Investors seeking to trade Ripple must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini.
Peercoin (CURRENCY:PPC) traded 15.8% lower against the dollar during the one day period ending at 17:00 PM E.T. on January 29th.
Credit card companies are always anxious about the impact of spending on their business, and this cryptocurrency public feeding frenzy is no exception. Institutions such as Discover Financial Services and Capital One Financial Corp, confirmed some time ago that they do not allow crypto-based purchases. A similar situation seems to be playing out here. It's the lowest price for bitcoin since November 16. The country's finance ministry said yesterday it is attempting to stop cryptocurrencies like Bitcoin from entering the mainstream.
The list of big-time investors warning people about cryptocurrencies continues to grow.
"Maybe I'm too old for them, but I wouldn't touch that stuff", Icahn said. This week's selloff has coincided with a rout in global equities, with markets in Asia extending losses on Tuesday following a white-knuckle day for USA stocks.
The government will not recognize Bitcoin or other currencies as legal tender.
Icahn questioned how they worked and how they should be regulated before stating that he "wouldn't touch that stuff".
Bitcoin has slumped in recent sessions as a risk-off mood spread across financial markets.
Prices steadied as Securities and Exchange Commission Chairman Jay Clayton reiterated in a Congressional hearing that he believes every initial coin offering he's seen is a securities sale and the agency already possesses the regulatory oversight needed for enforcement. And lack of regulation has been cited as a reason for rejecting cryptocurrency ETFs, so if cryptocurrencies were to fall under the SEC's regulatory authority, it could open the door for bitcoin and other cryptocurrency ETFs.
The beta for the PlayStation 4's next major system software update 5.50 releases today for users selected for the beta program . One of the primary complaints on the original Gold Headset was that the foldable hinges were flimsy and would break over time.
City are 16 points clear at the top before second-placed Manchester United host Huddersfield later on Saturday. Sterling missed a glorious chance to seal the win for the Manchester Cuity but missed from six yards.
The device features a 1200mAH battery , which the company claims will give a standby time of 12days on 4G. The pricing of the device will also be unveiled during the mega event, going to be held in Spain.
Sami Abu Zuhri, a Hamas official, told Reuters on Wednesday that the usa terrorist designation of Haniyeh was "worthless". They said that the Palestinian people are not waiting for a good behaviour certificate to receive from the Americans.
Preference for boys leads to skewed gender ratio in India due to foeticide, disease, neglect, or inadequate nutrition . Sending a young woman to her new husband with a dowry has been but many families still practice this custom.
According to the Western contractors, the drawdown began last week and a number of USA troops have left bases on daily flights. The drawdown will be the first reduction in American troops in Iraq since the fight against ISIS started three years ago.
Cup quarter-finals: Fiji 12-10 Samoa , New Zealand 19-12 England, Kenya 12-33 Australia, South Africa 22-0 Scotland. New Zealand were denied in the bronze medal match , after they were edged 8-7 by rivals Australia.
Patricia has been a part of the New England Patriots staff since being hired by head coach Bill Belichick in 2004. Defensively, players such as Glover Quin, Darius Slay, Jarrad Davis and A'Shawn Robinson form a promising core.
During an eclipse , the moon will pass to the Earth's shadow which will give it a reddish tint, known as a " blood moon ". The skies over Taiwan tonight (Jan. 31) will be illuminated by the extremely rare trifecta of a super, blue and red moon.
I want to share with you a new initiative we're undertaking in partnership with Berkshire Hathaway and JPMorgan Chase. We are going to start to see more and more cutting out the insurers and doing self-insured health plans.
Besides athletes, North Korea has also agreed to send hundreds of musicians and entertainers to the games, which end February 25. Later Saturday, North Korean short-track speed skater Jong Kwang Bom practiced at the arena's main ice rink.
The girl was booked into Juvenile Hall on Thursday night on suspicion of negligently discharging a firearm on school grounds. It happened at 08:55 local time (16:55 GMT) on Thursday at Salvador Castro Middle School in the Westlake district.
The military said Saturday's deaths were related to Turkey's operation against Syrian Kurdish-held Afrin, codenamed Olive Branch. Earlier in the day, the Observatory and the media arm of al-Qaida-linked militants reported intense airstrikes in Idlib.
Amazon noted that the fourth quarter earnings includes a tax benefit of roughly $ 789 million due to the change in US tax code. The three companies unveiled a yet-to-be-named company to give their US workers and families a better health insurance option.
He later wrote: 'Players play and Coaches are supposed to Coach, Bill was out coached for not letting his players play'. This catch was one of the biggest in Super Bowl history and gave Butler some serious cred on his team - and in the NFL.
Shannon said that nuclear terrorism remained a major threat in the 21st century and countries need to work to mitigate it. Deputy Energy Secretary Dan Brouillette said the USA will keep a close watch on nuclear proliferation activities.
A study published this week in Science found the endangered species may need much more energy to survive than previously believed. Our measures of metabolism were considerably higher than previous estimates of polar bear metabolic rates.
Afterwards, she says Weinstein made an unwanted advance in a hotel room during an argument, and later "pushed me down". But she alleged the first "attack" came not long after the odd meeting in Paris, at the Savoy Hotel in London.
Sue Hemming from the British Crown Prosecution Service said Osborne was motivated by his "hatred of Muslims". She imposed a life sentence for murder and attempted murder, with a minimum stretch of 43 years behind bars.
Pederson has gotten great credit for his almost flawless play calling against the Minnesota Vikings in the NFC Championship game. He's incredibly passionate about his players and putting them in great positions. "He kind of had that stature of a head coach".
Soon after, Ramadan was accused of making sexual advances on four women who studied under him as teenagers in Geneva. She described the alleged assault in her autobiography but at the time, did not name Ramadan to avoid legal issues.