hello my follow steemians
Bitcoin back on Thursday
- Cryptocurrencies fell on Thursday, with Bitcoin close to a six-day low when it was hard to win.
Bitcoin is trading at $ 8,282.10, down 0.87% at 8:55 am (12:55 GMT) on Bitfinex.
Other digital coins fell, with Ethereum, the second largest cryptocurrency in the world by market capitalization, falling 0.95% to $ 697.23 on Bitfinex.
Ripple, the third largest virtual currency, fell 0.39% to $ 0.68937 while Litecoin was down to $ 137.96, a decline of 0.90%.
In terms of regulation, the Organization for Economic Development and Cooperation (OECD) is studying cryptocurrencies and initial offers of coins (ICO) to help government agencies develop legislation to protect consumer rights.
While the OECD recognizes virtual currencies as a means of payment, the main focus of the talks will be on ensuring financial security for consumers, according to Elina Sidorenko, head of the Cryptocurrency Risk Department in Russia.
Elsewhere, PayPal's chief financial officer, John Rainey, told CNBC that the payment company had no interest in crypto-currencies because of their volatility, which could threaten traders' livelihoods.
"At the moment, we do not see much interest in our merchants, but if it's something that stabilizes in the future, then we will certainly support that," he said.
Meanwhile, the Iranian central bank is working to use digital coins in international trade to circumvent the use of the US dollar. With US sanctions pending against the country, Iran is looking for ways to use the international banking payment system, known as SWIFT
This user is on the @buildawhale blacklist for one or more of the following reasons: