Money

Bitcoin, rival cryptocurrencies plunge on crackdown fears

Bitcoin, rival cryptocurrencies plunge on crackdown fears

January 17, 2018

LONDON, Jan 16 — Bitcoin slid as much as 18 per cent today to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies. Bitcoin’s slide triggered a selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 per cent on the day at one point, according to trade website Coinmarketcap, and the next-biggest, Ripple, plunging by as much as a... Read more

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Picture of the Day

A worker pretends to unscrew a sign at a Carillion construction site in central London, January 16, 2018. — Reuters pic

A worker pretends to unscrew a sign at a Carillion construction site in central London, January 16, 2018. — Reuters pic Read More