The U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into the Ether flash crash that occurred on Coinbase's GDAX platform.
Bitcoin
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.
Pick 'n Pay's campus store - in partnership with Electrum - will now accept Bitcoin payments in store for a limited time.
The World Wide Web Consortium (W3C) has begun working on a new cryptocurrency-supported payment standard that may one day appear in Chrome, Safari, Edge, and other browsers.
The Namibian Central Bank has ruled that Bitcoin shall be ruled that Bitcoin may not be used as payment for goods and services.
Following China's decision to ban Initial Coin Offerings (ICOs), South Korea is now considering imposing regulation and monitoring of cryptocurrencies.
The total market cap of all cryptocurrencies has soared to a record $161 billion USD; up from $90 billion posted at the beginning of August.
As of the 13th of August, Bitcoin has officially surged through the $4,000 mark - a sign of strength for the cryptocurrency in the wake of its recent fork.
Bitcoin has undergone a user-activated soft-fork and split into two different variants, with a new strain - Bitcoin Cash - hitting a $7 billion market cap.
A new report has illustrated that the South African Reserve Bank intends to trial new cryptocurrency regulations in a sandbox business.
The total cryptocurrency market cap is nearing a 50% decline from its all time high - revealing a decline of 46.9% in just 30 days.
Over $13 billion USD has been wiped off cryptocurrency market cap as Bitcoin faces a volatile present and an uncertain future.
Bitcoin has successfully regained its market dominance - climbing to over 40% - in the wake of Ethereum's recent flash crash.
