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Here’s What Is Going On in the World of Cryptocurrencies Today

Bitcoin Security Fears Send Digital Wallet Skyrocketing to THREE Times Normal Price as Experts Warn Stick to ‘Safe Neighbourhoods’ (Mirror.co.uk)
Crypto currency investors are being urged to stick to ‘safe neighborhoods’ after online scams sent demand for digital wallets skyrocketing. The Nano Ledger S is currently selling for almost £250 on eBay – more than three times its normal price – as sellers capitalise on Brits who desperately want to stay safe following a spate of ‘ Bitcoin crime’. Security fears mean manufacturers are struggling to keep up with demand, and UK shipments have been delayed until at least March 19. But Gasper Stih, CMO of cryptocurrency project Hedge, says while scare stories are hard to ignore, it is still possible to stay safe.

Litecoin Cash, the First Litecoin Fork is Expected in 18th February; Ripple and Bitcoin Gold Price Prediction (FXStreet.com)
Litecoin Cash (LCC) has been introduced to the market after forking from Litecoin. This hard fork apparently offers some advantages that might be very attractive for the markets. Most of all, a certification speed of just 2.5 minutes instead of the usual 10 minutes. Moreover, LCC can be mined with technology that it no longer works for Bitcoins, cheaper and with less energy consumption. Litecoin holders will receive 10 LCC for each LTC they have. XRP/USD Awaiting a Triggering Event: Ripple is not capitalizing on the latest commercial agreements to loan its money transfer platform technology and it is currently trading lazy.

Pixabay/Public Domain

Pixabay/Public Domain

Crypto Watch: Ripple (XRP) Price Surges 21% in 10 Hours (Forbes)
After a general trend of consolidation in the worldwide cryptocurrency market—following drops in the Dow Jones industrial average, Facebook banning cryptocurrency advertising, news of Chinese and South Korean regulation, India pushing toward a crackdown and news of Tether and Bitfinex subpoenas—the market cap is beginning to inch back up after January’s lows. One coin in particular made big leaps overnight (PST): Ripple (XRP). According to CoinMarketCap, Ripple was trading for $0.771540 USD at 9:19pm PST Feb. 8. By 6:44am on Feb. 9, that number was $0.931411—a jump of 21 percent in just 10 hours.

Central Bank of Singapore Would Not Ban Cryptocurrency Trading (Smartereum.com)
With more and more countries joining the ban bandwagon when it comes to cryptocurrencies, many investors are worried whether the monetary authority of Singapore would follow suit. According to a statement by the monetary authority of Singapore, they would not take any step to ban in cryptocurrency trading. The revelation was done by Deputy PM Tharman Shanmugaratnam. He, however, added that they would be taking certain steps to stop the illegal use of cryptocurrencies to launder money. He called it financial terrorism and added that there would be proper requirements for signing up on these cryptocurrency exchanges.

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