View Full Version : Ripple rises 5% after CFTC allows employees to trade cryptocurrencies

03-02-2018, 06:00 AM
Ripple rose five percent, or over $0.04 on Thursday after the US Commodity Futures Trading Commission allowed its employees to trade cryptocurrencies, underpinning ripple today after tumbling 80% at the start of the year away from record highs hit earlier this year at $3.30 on global official clampdown.

As of 07:02 GMT, ripple fell 5.05% to $0.92877 from the opening of $0.88485, with an intraday high at $0.94837, and a low at $0.87207, with ripple's market value now amounting to $92.2 billion.

CFTC Chairman Hon. J. Christopher Giancarlo met with SEC Chairman Jay Clayton in February to discuss regulations of cryptocurrencies, as both committees seek to inform investors about the new business and protect consumers from potential fraud attempts.

In Singapore, authorities are researching the need for new rules to protect cryptocurrency investors.

Singapore could set up a new regulatory system for cryptocurrency exchanges in the country, with a particular focus on local activities.

sourc http://www.economies.com/crypto/news/ripple-rises-5-after-cftc-allows-employees-to-trade-cryptocurrencies-22100