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BTC/USD6360
LTC/USD57
ETH/USD291.57
XRP/USD0.32165
Updated at 8/19/2018 2:00:17 AM UTC
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Crypto Weekly - Aug. 17



Major cryptocurrencies, except Ethereum, opened the week in green, but gains were short-lived and the cryptocurrency market was a sea of red by Tuesday after Bitcoin fell below the crucial mark of $6,000 late Monday. Cryptocurrencies suffered losses the previous week after the US financial markets watchdog delayed its decision on a Bitcoin exchange-traded-fund.
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scamcoin-june7.jpg SCAMCOIN is a fake cryptocurrency that is meant to help only those who created it and in turn, hurt those who hold it. Such coins are promoted on crypto forums usually through shilling as well as through pump-and-dumps.

cbdc-june5.jpg CBDC is short for Central Bank Digital Currency, which is the proposed new digital version of a fiat money that is issued by the central bank of a country. The discussion on the topic is nascent and the various facets involved are under careful consideration. Central banks already use digital money in the form of traditional reserves, but CBDC is different from that.

Slideshow1-Bitcoin-062016-sm.jpg Bitcoin, once dismissed as something reserved for geeks and the cryptography enthusiasts, is back in the limelight, as the price of the cryptocurrency appreciated in recent weeks.