Cryptocurrencies Market Overview - February 12, 2018

Welcome to my Cryptocurrencies Market Overview for Monday, February 12, 2018.

Today in the news:

• The cryptocurrency markets have begun the week quite positive.
• U.Cash price pumps over 300% to $0.20 for no apparent reason.
• International regulatory action on cryptocurrencies is inevitable, according to Christine Lagarde (IMF).
• Two small European banks are moving to increase investor access to Bitcoin.
• And more crypto news below...

24 Hour Change

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Latest Crypto News - February 12, 2018

Cryptos Go Green as Market Cap Holds Above $400 Billion

The cryptocurrency markets have begun the week on a positive note, with the total market capitalization of all currencies consolidating above the $400 billion mark.
_{Read more: coindesk.com}

Other sources about Bitcoin's price:

• Bitcoin inches closer to $9,000, with cryptos higher across the board
• Bitcoin Price Eyes $9,000 as Markets Recover from Sunday Dip

IMF Chief Lagarde: Global Cryptocurrency Regulation Is 'Inevitable'

Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is "inevitable."
_{Read more: coindesk.com}

Other sources:

• IMF Chief Christine Lagarde Says International Crypto Regulation Is ‘Inevitable’ And Necessary
• Cryptocurrency Regulation ‘Inevitable,’ Says IMF Chief Christine Lagarde

Small European Banks Bullish On Bitcoin

While larger banks across Europe and the world are cracking down on bitcoin investments, a subset of European small banks is bucking that notion and is actually moving to increase investor access to bitcoin. These banks are also, according to Financial Times reports, advising firms on ICOs despite the fact that regulators are trying to get that market under control.
_{Read more: pymnts.com}

U.Cash Price Pumps to $0.2 for no Apparent Reason

No one will be surprised to learn there is still plenty of manipulation going on in the world of cryptocurrencies. We see some very strange market momentum, especially when a currency no one has heard of suddenly enters the market cap top 20.The U.Cash price has suddenly surged by over 750% in the past 24 hours, which means this currency how has a market cap of over $1.78bn. With just $4.17m in 24-hour trading volume, it is evident this U. Cash price trend is a pump-and-dump cycle first and foremost.
_{Read more: themerkle.com}

China's State Media Takes Aim at Crypto Trading, ICOs

China's state-own news agency appears to be stepping up its rhetoric on over-the-counter (OTC), crypto-to-crypto trading and overseas initial coin offerings (ICOs) that still remain active in the country, calling them an attempt to bypass existing regulation.
_{Read more: coindesk.com}

A World First: Gibraltar Plans to Regulate and Legalize Initial Coin Offerings

The Government of Gibraltar is weighing up legislation to regulate initial coin offerings (ICOs) and their secondary markets.
_{Read more: ccn.com}

Europol: Cryptocurrencies Help Launder 3% to 4% of Illegal Money

Europol Director Rob Wainwright said that authorities continue to have issues combatting the use of cryptocurrencies for money laundering.
_{Read more: cryptovest.com}

Funny Name or Not, Schnorr Is a Big Deal for Bitcoin

Schnorr signatures are seeing renewed interest from bitcoin developers. But what is the technology and why is it seeing so much attention?
_{Read more: coindesk.com}

Iceland: Crypto Mining Companies Will Consume More Energy Than Households In 2018

Iceland is set to consume more energy for crypto mining than for household use this year, the Associated Press reports Monday, Feb. 12. The naturally cold climate and access to renewable energy are listed as the primary reasons for the influx of crypto mining companies to the Nordic island nation.
_{Read more: cointelegraph.com}

Other sources:

• Bitcoin energy use in Iceland set to overtake homes, says local firm (BBC)

UK Government Websites Hit By Crypto Mining Malware

U.K. government websites and more than 4,000 others worldwide have reportedly been exploited by malware that harnesses visitors' computers to mine cryptocurrency.
_{Read more: coindesk.com}

Other sources:

• Mining Malware Tsunami Continues: ‘5000’ High-Profile UK Websites Hit By Tainted Plugin

World Coming to Terms with Cryptocurrencies, Says Nvidia CEO

The world is beginning to accept that cryptocurrencies are here to stay, according to Jen-Hsun Huang, co-founder and CEO of graphics cards manufacturing giant Nvidia.
_{Read more: cryptovest.com}

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