Markets Update: Bears Continue to Drag Cryptocurrency Prices Down

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ccn.com tells us;

1) Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks - the ones that resulted in irreversible network splits and create new blockchains - were a positive net for their portfolios. "How could they not be?" They asked.
source; https://www.ccn.com
direct link to the news; https://www.ccn.com/bitcoin-cash-price-continues-to-crater-as-fork-aftertaste-lingers

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ccn.com tells us;

2) Newsflash: Bitcoin Price Slinks Below $ 3,175 for First Time in 2018

In what is becoming a disturbingly common occurrence, the bitcoin price on Friday set yet another fresh yearly low, slinking below the $ 3,200 mark for the first time in 2018. The flagship cryptocurrency's move below $ 3,200 came shortly after 16:10 UTC, following an unsuccessful breakout attempt earlier in the week.
source; https://www.ccn.com
direct link to the news; https://www.ccn.com/newsflash-bitcoin-price-slinks-below-3175-for-first-time-in-2018

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bitcoin.com says;

1) U.K. Cryptocurrency Exchange Cubits Shuts Down After $ 33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole € 29 million (about $ 32.5 million) from the exchange in February. The company claimed "it fell victim" to an elaborated scam orchestrated in collusion with three of its clients.
source; https://news.bitcoin.com
direct link to the news; https://news.bitcoin.com/u-k-cryptocurrency-exchange-cubits-shuts-down-after-33m-scam

source; Jeffrey Gogo

bitcoin.com says;

2) Markets Update: Bears Continue to Drag Cryptocurrency Prices Down

Digital asset prices have been dipping in value again after a few days of price consolidation. At the moment, the entire cryptocurrency economy is awfully close to dropping under the psychological $ 100 billion market valuation. Furthermore, since our last markets update cryptocurrency global trade volumes are weaker than usual, with only $ 11.5 billion worth of assets traded over the last 24 hours.
source; https://news.bitcoin.com
direct link to information; https://news.bitcoin.com/markets-update-bears-continue-to-drag-cryptocurrency-prices-down

source;

cointelegraph.com says;

1) Bahrain's Central Bank Publishes Draft Regulations on Crypto Assets

Bahrain's central bank has issued draft regulations on digital assets, Reuters reports Friday, Dec. 13.
According to Reuters "the central bank said it had issued for consultation draft rules for crypto asset platform operators, providing regulations for the licensing and supervision of crypto asset services."
source; https://cointelegraph.com
direct link to information; https://cointelegraph.com/news/bahrains-central-bank-publishes-draft-regulations-on-crypto-assets

By Adrian Zmudzinski

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