Welcome to Crypto Insider, Business Insider’s roundup of all the
you need to know today. Sign up
here to get this email delivered direct to your inbox
Here are the current standings as of midday Wednesday:
- Bitcoin (BTC): $US10,309 (-9.1%)
- Ethereum (ETH):$US904 (-15.0%)
- Ripple (XRP): $US1.04 (-9.5%)
- Bitcoin Cash (BCC): $US1,581 (-10.4%)
- Litecoin (LTC): $US170 (-9.1%)
- Bank of America CEO Brian Moynihan said on a call with reporters that customers were welcome to buy bitcoin in other accounts – just not through Merrill Lynch, the bank’s wealth management arm.
- Cryptocurrencies are tanking, but long-term investors have seen this before. In fact, this is the third year in a row that bitcoin – and the overall market for digital coins – has plunged early in the new year.
- The Winklevoss twins have seen about $US600 million wiped off their bitcoin wealth in just 2 days.
- Companies that pivoted to crypto are also getting whacked amid the sell-off.
- Ripple’s cofounder may have lost nearly $US12 billion as XRP continues to slide.
- Finally, a startup that wants to be the Airbnb for your stuff raised $US25 million in a cryptocurrency and cash fundraising round.
Business Insider Emails & Alerts
Site highlights each day to your inbox.