Daily News Friday 02/02/18

Daily news summary for Friday 2/2/18.

Bad News:

All top cryptocurrencies down double digits.

Bitcoin trading at $8646 USD (down 15%) and Ethereum $912 (down 20%) at time of writing.

See top ten as per CMC below:

 

More regulation FUD, this time from India. India’s Ministry of Finance issued a statement today warning people against the “risks of investing in virtual currencies including Bitcoin” and compares crypto to a ponzi scheme.

 

Good News:

AMD announced it is ramping up production of its Radeon graphics cards, which have been in short supply due to high demand for crypto mining.

The Square Cash App, an app for sending and receiving fiat currency from the mobile payments company Square, has now made Bitcoin (BTC) trading available.

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