Bitcoin falls below $9,000. The cost of the largest and most popular cryptocurrency keeps falling against the backdrop of several negative news, including a statement by the head of the International Monetary Fund Christine Lagarde that cryptocurrencies can not only lead to financial instability, but also be used to finance terrorism and money laundering. Other cryptocurrencies are also falling, and in just a few hours, market capitalization declined by $ 25 billion to $ 352 billion.
Bitfinex to crack down on market manipulation. Bitfinex, one of the world’s largest cryptocurrency exchanges by trading volume, has partnered with a market surveillance company Irisium to try and stamp out market manipulation on its platform. The company will identify and investigate manipulative behaviours and suspicious trading practices on the exchange.
Winklevoss twins share plans to police crypto trading. The Winklevoss twins, who run the Gemini exchange for trading Bitcoin and Ether, have submitted a proposal to create the Virtual Commodity Association, a self-regulatory organization (SRO) meant to police digital-currency markets and custodians. The proposal by Cameron and Tyler Winklevoss was welcomed by US Commodity Futures Trading Commission (CFTC) member Brian Quintenz.
Google to ban all ICO and cryptocurrency ads from June. Google plans to ban all advertisements for cryptocurrencies and related content starting in June. The new policies ban adverts for binary options and "cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).
The total cryptocurrency market capitalization stands at $336 373 381 242.
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