Yahoo Finance Bitcoin Flat; UK Watchdog Updates Crypto Scam Warning
Investing.com - Cryptocurrencies were slightly lower on Monday, with Bitcoin mostly flat, as a UK regulator updated its warning on virtual currency scams.
The UK Financial Conduct Authority (FCA) updated its warning on cryptocurrency-related scams, as it has been getting a rising number of complaints in recent months.
In some cases, the fraud involves FCA-regulated activities, such as offering investment products with cryptocurrencies as an underlying asset. In most cases these are advertised on social media, the guidelines stated.
Bitcoin was up 0.05% to $6,419.0 on the Bitfinex exchange, as of 9:20 AM ET (13:20 GMT).
Cryptocurrencies overall were flat, with the coin market cap of total market capitalization at $212 billion at the time of writing.
Ethereum, the second-biggest alternative currency by market cap, fell 5.79% to $284.99, while Ripple, the third-largest virtual currency, decreased 4.28% to $0.33119 and Litecoin was at $55.18, down 3.75%.
In other news, Chinese e-commerce company Jd.Com (NASDAQ:JD) is creating an open blockchain exchange that would target enterprise clients and help their customers to develop, host and apply their own blockchain apps for operation management.
The company said the platform would help their clients to speed up operation process, including tracking goods, property assessment and transaction settlements.
“JD Blockchain Open Platform is a culmination of the expertise and experience in blockchain technology that we initially developed for our own operations, to provide more visibility to consumers,” said Jian Pei, the head of JD’s big data and smart supply chain unit.
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