The U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into the Ether flash crash that occurred on Coinbase’s GDAX platform.
Following China’s decision to ban Initial Coin Offerings (ICOs), South Korea is now considering imposing regulation and monitoring of cryptocurrencies.
The total market cap of all cryptocurrencies has soared to a record $161 billion USD; up from $90 billion posted at the beginning of August.
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The total cryptocurrency market cap is nearing a 50% decline from its all time high – revealing a decline of 46.9% in just 30 days.
Over $13 billion USD has been wiped off cryptocurrency market cap as Bitcoin faces a volatile present and an uncertain future.
Bitcoin has successfully regained its market dominance – climbing to over 40% – in the wake of Ethereum’s recent flash crash.
Coinbase has made the surprising move to reimburse losses incurred by traders during the Ethereum flash crash, which saw the price of ETH drop to $0.10 USD.
Litecoin has succeeded in surging past the $50 USD mark – a 1000% increase in the past 90 days – as Bitstamp has announced trading for the cryptocurrency.
The United Nations World Food Programme has begun using the Ethereum Blockchain to quickly distribute aid in the form of vouchers to refugees in Syria.