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Crypto-correction.

The article reports on the falling market value of digital currencies in 2018. The price of bitcoin fell to 6,000 U.S. dollar while the total market capitalization of cryptocurrencies also dropped. The trend is attributed to hacking cases, fraud allegations and a growing regulatory backlash around t...

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Published in:Economist Vol. 426; no. 9078; pp. 63 - 66
Format: Article
Published: Economist Newspaper Limited 2/10/2018
Subjects:
Internet fraud
Banking industry
Digital currency
Bitcoin
Cryptocurrencies
Market value
Market capitalization
Computer hacking
Online Access:View this record in EBSCOhost
Summary:The article reports on the falling market value of digital currencies in 2018. The price of bitcoin fell to 6,000 U.S. dollar while the total market capitalization of cryptocurrencies also dropped. The trend is attributed to hacking cases, fraud allegations and a growing regulatory backlash around the world. In response, several banks have banned customers from buying cryptocurrencies with their credit cards.