Rival coins Ripple and Litecoin have respectively slid about 45 percent and 29 percent, while Ethereum has managed a 47 percent increase. The four coins were little changed on Wednesday. The firms share the same chief executive officer.Facebook, meanwhile, will ban ads on its social network promoting digital currencies, initial coin offerings and binary options , warning they're "frequently associated with misleading or deceptive promotional practices."U.S. regulators have moved to crack down on the industry after the emergence of various companies or people raising money through an ICO, or initial coin offering, with no apparent business behind it. The U.S. Securities and Exchange Commission said this week that it got a court order freezing the assets of a Texas-based initial coin offering that claimed to have raised more than $600 million.

Source: Economic Times January 31, 2018 05:48 UTC