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Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Here’s What is Happening with the Big Names of Cryptocurrency World Today

Cryptocurrency and Blockchain-Related Jobs Growing in India (Cryptovest)
Indian cryptocurrency exchanges and operators are currently in an uncertain state, unsure whether or not the government will unveil new regulations. However, the country’s cryptocurrency and blockchain industry is booming, according to statistics collected by Indeed, a popular job portal. “In the six months to November 2017, the number of cryptocurrency and blockchain jobs posted on the Indeed website rose by 290 per cent. In the same period, job searches with keywords related to cryptocurrency/blockchain also rose by 52 per cent,” shared the report.

Singapore Confirms It Will Not ‘Ban’ Cryptocurrency, Has No ‘Risk Concerns’ (CoinTelegraph)
Singapore’s deputy prime minister Tharman Shanmugaratnam provided new commentary on the government’s commitment “not to ban” cryptocurrency as part of its future regulatory plans. In a series of fourteen statements published Monday, Feb. 5 in response to questions posed by members of parliament Tuesday, Tharman Shanmugaratnam, deputy prime minister and minister in charge of regulatory body the Monetary Authority of Singapore (MAS), confirmed a broadly hands-off policy regarding cryptocurrencies going forward. “…(MAS) has been closely studying these developments and the potential risks they pose. As of now, there is no strong case to ban cryptocurrency trading here,” the deputy PM said.

Pixabay/Public Domain

Pixabay/Public Domain

Cryptocurrency Market Loses Over Half a Trillion Dollars this Year (RT.com)
On Tuesday, the cryptocurrency market capitalization sank below $300 billion for first time since November, according to CoinMarketCap data. The top 10 digital assets by market value are facing double-digit losses for the fourth time in the last five days. Bitcoin and other cryptocurrencies have been hammered by a series of crackdowns by banks and governments around the world. On Tuesday, the Bank for International Settlements warned that authorities must be prepared to act against the “invasive spread of cryptocurrencies.” Since this year has been dominated by negative news for cryptocurrencies, most of them are down at least 70 percent from their record highs. Bitcoin’s market cap has plunged to $106 billion from its record of $326 billion.

Bitcoin continues its slide, hovering around $7K (CNET)
Bitcoin’s downhill slope is getting steeper. The cryptocurrency on Tuesday dropped below $7,000 for the first time since last November, according to Bloomberg. It has since rebounded above that line, amid continuing volatility, Its low for the day was much deeper, hitting just below the $6,000 mark, losing two-thirds from its all-time high of nearly $20,000 in mid-December. That’s a nearly 20 percent drop from the previous day. Alternative coins such as Ripple, Ether and Litecoin also dropped significantly from their December values.

Bitcoin.com Wallet Added to Bitpay’s List of Payment Protocol Support (Bitcoin.com)
This past November the largest bitcoin payment processor worldwide, Bitpay, announced the company’s move to integrate a process called BIP-70, otherwise known as the Payment Protocol, into the Bitpay invoice platform. At Bitcoin.com we want readers and users of our services to be up to date with the latest technologies and upgrades happening within the cryptocurrency ecosystem. Since the last software update, Bitcoin.com’s Wallet is one of the seven clients compatible with Bitpay’s recent BIP-70 implementation.