Bitcoin started the week badly, as prices for the popular cryptocurrency fell 7% to dip below US$8,000. The sudden sell-off follows from Twitter’s decision to ban advertising for cryptocurrencies. Twitter is joined by Facebook and Google who have both banned advertisements for initial coin offerings and token sales on their respective platforms.
The world of digital currency has gone bananas!Lao based Bananacoin, is the latest edition to the plethora of cryptocurrencies available in the world today. As its name suggests, it is linked to the golden fruit enjoyed by many – bananas.What is Bananacoin?The Bananacoin Project was co-founded by entrepreneurs, Alexander Bychkov and Oleg Dobrovolsky with the aim of utilising blockchain technology to revolutionise the banana production industry.
Elaine Ou, a blockchain engineer and Bloomberg View columnist, answered questions about cryptocurrencies from Bloomberg Terminal customers in a TOPLive chat on Tuesday with Julie Verhage, who covers markets for Bloomberg News. Since then, bitcoin has skyrocketed to new heights and Cboe Global Markets Inc. plans to launch bitcoin futures trading on Sunday. Here's a lightly edited transcript.Verhage: Bitcoin and other crypto-assets have had crazy runs this year.