Cryptocurrencies tracked by Coinmarketcap.com have lost more than $500 billion of market value since early January. “It was great for the space,” said John O’Rourke, chief executive officer of Riot Blockchain Inc., which invests in cryptocurrency and blockchain start-ups. The selloff had knocked about half a trillion dollars from digital coins since early January. That’s shaken a nascent market whose core attraction—anonymity and decentralisation—is being challenged as never before by regulators. The selloff had coincided with a rout in global equities.

Source: Mint February 07, 2018 02:03 UTC