Bitcoin slumped back under $10,000 on Thursday with a possible knock-on effect across cryptocurrencies in general as all major digital currencies slipped into the red.
Republic Protocol, a company run by a 21-year-old, has raised $34m worth of ether to build a cryptocurrency dark pool, according to a Wall Street Journal report.
Paul Singer, founder of the $34bn hedge fund, dismisses the hyperbole as “one of the most brilliant scams in history”.
Bank of England Governor Mark Carney dubbed bitcoin a "failed" currency, even as the crypto prices appeared to remain on the path to recovery. On the positive front there was support for crypto prices from news out of South Korea and Venezuela on Tuesday.
The US Congress is to investigate the rise of cryptocurrencies with a view to imposing greater government oversight.
Venezuela thrusts itself into the controversial and volatile realm of cryptocurrencies on Tuesday as it launches its own digital offering - the petro - backed by the oil-rich nation's petroleum output
Berkshire Hathaway’s veteran vice chairman Charlie Munger says the craze for the cryptocurrency is “totally asinine”.