Ripple’s XRP cryptocurrency is up more than 5% Thursday, reversing heavy losses from earlier in the week, after the company announced MoneyGram would use XRP to speed up payments and reduce settlement costs.
Here are the current standings:
- Bitcoin (BTC): $13,777.03 (-7.40%)
- Ethereum (ETH): $1,215.48 (-8.04%)
- Ripple (XRP): $2.03 (+5.22%)
- Bitcoin Cash (BCC): $2,579.67 (-9.65%)
What’s happening:
- $54 million worth of bitcoins are set to be auctioned off by the US Marshals later this month.
- Kodak, which tripled its share price earlier this week by announcing its own photographic cryptocurrency, is down 18% in trading Thursday.
- A major bitcoin conference is no longer accepting bitcoin payments because the fees and lag have gotten so bad
- 97% of all bitcoin are held by just 4% of addresses, Credit Suisse said in a note Thursday.
- Here’s how neo-Nazis and right-wing extremists profit from bitcoin.
- Cryptocurrencies could be the 21st century version of the Ford Model T, Macquarie said in a note.
- Finally, the golden age of crypto may be over as spreads tighten and volatility slumps.
Read more at;
http://markets.businessinsider.com/currencies/news/bitcoin-cryptocurrencies-today-january-11-2018-1-1012937424
