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Cryptocurrency Daily Roundup - Nov. 15


A summary of some of the popular stories on cryptocurrency and blockchain during the past 24 hours.

Bitcoin Struggles With Price Below $6,000, Market Cap Below $100 Bln

After months of staying relatively stable, the price of major cryptocurrency Bitcoin plunged below $6,000, and is now down around 13 percent. The sharp variation is believed to be due to the uncertainty surrounding bitcoin cash's hard fork. Other cryptocurrencies, including Ethereum and Ripple, also experienced a major sell-off. For the majority of the fall, Bitcoin was trading comfortably around the $6,400 range.

New York Digital Investment Group granted BitLicense

New York's Financial Services Superintendent Maria T. Vullo announced Wednesday that DFS has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. He also said that another NYDIG subsidiary, NYDIG Trust Company LLC, was authorized to operate as a limited purpose trust company. DFS authorized NYDIG operate as a custodian for virtual currencies, including Bitcoin, Bitcoin Cash, Ether, XRP and Litecoin.

Spain's Telefonica To Use IBM Blockchain For Business And Network Processes

Spanish telecom giant Telefónica has teamed up with IBM to use their blockchain platform to streamline its core business and network processes. Telefónica will use blockchain to address complex challenges in services delivered by it that register data and information from different sources. Telefónica intends to use the platform to track in real time the certainty and traceability of each international call and its origin, destination and duration in a decentralized platform to which all the operators in the chain have permissioned access.

McAfee warns of Russian cryptojacking malware WebCobra

U.S.-based cyber security firm McAfee Labs has put out a warning about a new Russian cryptojacking malware called "WebCobra," which uses the victims computing power to mine for cryptocurrencies such as Monero and Zcash. The malware is believed to to arrive via rogue Potentially Unwanted Program (PUP) installers. McAffe says the WebCobra malware is observed across the globe, with the highest number of infections in Brazil, South Africa, and the United States.

US Salad Chain Sweetgreen To Test Blockchain In Tracking Food Supply

Sweetgreen, an American fast casual restaurant chain that serves salads, announced its plan to trial blockchain technology to track food supply. The company, which make food using fresh ingredients and produce delivered that morning, said it views blockchain in its supply chain as the most viable solution that can create better tasting produce and insights around each ingredient from seed to restaurant.

Current Prices

As of this writing, Bitcoin is still below $6000, trading down 12.68 percent or $782.64 at $5364.17. Ethereum is declining 12.82 percent or $25.20 at $170.61 on Coinbase.

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