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Here’s the scoreboard as of Friday morning:
- Bitcoin (BTC): $13,130 (-16%)
- Ethereum (ETH):$644 (-19%)
- Bitcoin Cash (BCC): $2,270 (-26%)
- Ripple (XRP): $0.91 (-19%)
- Litecoin (LTC): $319 (5%)
- Two factions of bitcoin investors – the newcomers and the old holders – are now at war with each other.
- Bitcoin speculators are “getting burned” and taking companies that recently pivoted to blockchain down with them.
- Goldman Sachs is reportedly building a cryptocurrency trading desk.
- A US regulator is warning investors about cryptocurrency “pump-and-dump” schemes
- The equity chief at Charles Schwab says a bitcoin crash won’t infect the rest of the market.
- On the other hand, an economic historian at the University of Cambridge told Business Insider that cryptocurrencies could trigger the next financial crisis if they become a systemic risk to the financial system.
- A biotech company that pivoted to blockchain is looking for a CTO and a background in cryptocurrency is a “big plus.”
- Finally, a partner at one of the top bitcoin trading firms told us why crypto is “such an amazingly fun space to be in.”