Bitcoin limps back, whether the crypto market excitement is fading.
The last post I sent yesterday about almost half of Indonesians has started investing in cryptocurrency.
But the latest news I found on Friday.
Bitcoin prices and other major currencies fell on Friday where Elvira Nabiullina, head of the Central Bank of the Russian Federation, said market excitement over virtual coins was starting to fade.
Bitcoin slumped 1.8% to $6.584.9 at 10.09 WIB in the Bitifinex exchange, after receiving some support earlier this week with the launch of Fidelity Asset Services, the crypto trading platform for Bitcoin and Ethereum.
Ethereum fell 3.4% to $ 206.4 and Litecoin fell 3.2 at $ 53.438. XRP slid 4.4% to $ 0.46723 in the Poloniex exchange.
Speaking at FINOPOLIS 'innovative financial technology forum, Nabiullina hinted that investors were now becoming less enthusiastic about cryptocurrency after witnessing the failure of the majority of their blockchain and ICO projects.
"We held the FINOPOLIS forum for the fourth time. Previously, this event was used to watch cryptocurrency fever occur everywhere. But now, it seems to start disappearing, "Nabiullina said. "Back in the past, technologies like blockchain caused widespread enthusiasm, but, in our opinion, now a more conscious attitude towards technology has begun."
Nabiullina later added that he believed the ICO model was an efficient way to raise funds, although the ICO's first big wave included many frauds.
In other news, Zebpay, India's Biggest Cryptocurrency Exchange, has confirmed that they are heading to Malta.
The crypto exchange was reportedly forced to leave the country after the Reserve Bank of India issued a strict directive to banks to stop doing business with companies earlier this year. Zebpay stops deposits and withdraws rupee services and finally closes all exchanges in India.
Yeah, that's the news I read yesterday and you've read it, but if you look at the bitcoin market, bitcoin is now starting to rise from last Friday from the US $6,190 to the US $6,522 per 1 coin.
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