Bitcoin and cryptocurrency news round-up: 1 January 2018
What you need to know
Raiblocks is the latest to surge, Ripple could be coming to Coinbase this month, and the Bank of England may issue its own cryptocurrency.
1. Raiblocks is up over 70% over 24 hours
Its price is now over US$20 after the currency began surging up on the back of major exchange Binance's vote to become the next coin to be listed. Currently Raiblocks is the 17th biggest cryptocurrency in market cap, worth a little over $2 billion. Raiblocks' growth is despite being listed on only two relatively small exchanges, BitGrail and Mercatox.
2. Coinbase leak shows Ripple could be live by end of the month
Take this one with a grain of salt, but someone on Twitter claims to have access to a beta Coinbase build which he claims will support Ripple (XRP) by the end of the month and has posted screenshots and videos using Coinbase with Ripple.
Here is more proof... pic.twitter.com/GrpuqZxv7i
— Gnome Series (@gnomeseries) December 31, 2017
3. The Bank of England could launch its own cryptocurrency
A new report reveals that the UK bank has a small team set up to investigate the potential and could approve the currency as early as this year, and potentially have it directly linked to the pound sterling.
Potentially, English citizens could store their money in the digital currency with the bank, but also withdraw in sterling.
England's central bank says it has been exploring the use of blockchain technology in its currency since 2015. It says while it could be great for consumers, it also opens up the ability for instant settlements between banks, rather than days.
4. Bitcoin is starting to hit back again
Bitcoin is starting to rally again coming into 2018, with currency currently up a little over 7% in the last 24 hours. Its price is currently sitting at around US$14,000, up from its low of $US12,400 from a few days ago.
Cardano is continuing to grow and is up 8% itself, too.
5. NiceHash has a new CEO following its recent hack
Cryptocurrency mining site NiceHash had over US$63 million stolen from it last month, prompting the site to shut down for 24 hours and its CEO Marko Kobal to resign. Kobal will be replaced by Zdravko Poljašević.
The site was hacked last month after stolen engineers' credentials were used to access NiceHash's payments systems and took 4,700 Bitcoin.
- Ethereum price: Experts believe key indicators paint a negative picture
- China’s aggression to Bitcoin has lead to its worst month in years
- Bitcoin’s better half: Growing number of Australian women investing in crypto
- Ethereum price continues to slide, correcting by 9% overnight
- Bitcoin price drops 5% overnight as usage weakens