..

Bitcoin has Worst First Quarter in its History: Over $119 Billion Wiped Out

Written by:
Guest
Published on:
Apr/03/2018

Bitcoin witnessed its worst first quarter in its eight year history of price tracking.  Nearly $119 billion in value had been wiped out during the first three months of 2018.

Even with those lousy numbers, bitcoin was not the worst performer among the cryptocurrencies.

Ripple, or XRP, was the worst-performing cryptocurrency out of the top three in the first quarter of 2018 however, down 77 percent. It fell from $2.30 to $0.509565, according to Coinmarketcap.com.

Bitcoin fell more than 48% from $13,412.44 to $6,928.85 in the three months ended March 31, according to data from industry website CoinDesk.

Ethereum witnessed a 47.7 percent decline in price in the first quarter of 2018 from $755.76 to $394.65, according to coinmarketcap.com.

Regulators in China and South Korea have cracked down on cryptocurrencies since the start of the new year. In the U.S., the Securities and Exchange Commission (SEC) has also contemplated regulation.

Crytocurrencies have become a primary source for sending and receiving funds through online gambling and has even spawned a new industry of crypto-only Web betting sites.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Jury Fails to Come to Decision in Kleiman Wright Trial of the Century

Jurors told the judge in the case of Ira Kleiman vs. Craig Wright that they were unable to come up with a decision.  The judge issued an Allen charge, which requires them to  now deliberate until they have a decision.

Kleiman vs. Wright Jury Notes But No Verdict Yet

Questions included How much of the intellectual property does W&K currently have under the estate?

El Salvador's Bitcoin City Lacks Sewage Treatment Plan

It's already been determined there will be no tax on income, capital gains, payroll or property.  What could possibly go wrong?

First "Bitcoin City" is Coming to El Salvador

First "Bitcoin City" is Coming to El Salvador

El Salvador would initially issue a $1 billion bond backed by bitcoin to begin raising funds for the planned city.

Bitcoin Bloodbath as the Big Reveal is Almost Here

Bitcoin Bloodbath as the Big Reveal is Almost Here

Bitcoin has crashed to $56,770 as of Thursday evening, representing a greater than 12% loss on the week, down from just over $66,000.  Meanwhile a Miami jury is set to decide once and for all the true identity of Bitcoin's founder in just a matter of days.

Syndicate