Cryptocurrency Daily Roundup - Jun. 29

crypto june29

Bitcoin and its peers fell sharply Friday morning as volumes eroded, and the top cryptocurrency set a new low for the year thus far below $6,000.

Overall cryptocurrency market capitalization shrunk by around $10 billion from a day earlier to $234 billion as of 9.34 am ET on CoinMarketCap.

Here is a wrap of the main cryptocurrency and blockchain news over the past 24 hours.

Bitcoin Back Below $6K To Set New Low Thus Far In 2018

Bitcoin lost ground Friday morning to fall below $6,000 and the top cryptocurrency hit a new low for the year thus far on weaker volumes amid rising concerns over stricter regulation for the nascent market across the world.The leading cryptocurrency, Bitcoin, hit a low of $5,774.72 on the crypto exchange BitStamp, which was the lowest level since November 12 last year, when it sunk to $5555.55. Bitcoin hit its peak around $20,000 in December. Read more...

India's WazirX Introduces P2P Transfer To 'legally' Trade Cryptos

Indian Bitcoin exchange WazirX has devised a plan for buying and selling cryptocurrencies "legally" in view of the Reserve Bank of India's ban on banking services. The exchange has introduced a Peer-to-Peer (P2P) transfer facility to buy and sell cryptos for Indian Rupees (INR). People can directly deal with each other to transact on the currency while WazirX acts as an intermediary. Read more...

House Passes Bill To Fight Use Of Cryptocurrencies For Sex, Drug Trafficking

The U.S. House of Representatives has unanimously passed a Bill that helps the Government to analyze and report on the use of virtual currencies in the country's marketplaces facilitating sex and drug trafficking. The bipartisan bill was jointly introduced by Rep. Juan Vargas (CA-51) and Rep. Keith Rothfus (PA). Read more...

EU Police Seize Over EUR 4.5 Mln Cryptocurrencies In Drug Raids

European law enforcement authorities seized more than 4.5 million euros in bitcoin and other cryptocurrencies along with 800,000 doses of LSD. In one of the largest ever drug raids in Europe, The Spanish Guardia Civil and the Austrian Federal Police, supported by Europol- the European Union Agency for Law Enforcement, dismantled a criminal network producing and distributing synthetic drugs worldwide, known as new psychoactive substances or NPS, on the Darknet webpages. Read more...

High Fidelity Raises $35 Mln For Blockchain VR, Gets Mike Novogratz's Support

High Fidelity, a blockchain-based virtual reality platform, said it raised $35 million, backed by crypto investor Mike Novogratz, towards developing a blockchain VR venture. Hedge fund manager Novogratz's Galaxy Digital has invested $20 million from its Galaxy EOS Ecosystem Fund in High Fidelity's Series D round. Read more...

Current Prices

As of 9.35 am ET on Friday, Bitcoin was down 4.16 percent at $5,845 and Ethereum was lower by 6.23 percent at $408 on Coinbase.

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