CRYPTO HEADLINES — April 12, 2018

1. Bitcoin’s Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board

The crypto markets experienced an explosion of growth today, April 12, with Bitcoin (BTC) jumping more than $1,000 to break $8,000 over just a 30 minute period, and the rest of the market solidly in the green. While no specific events have been confirmed as the reason for the sharp price jumps across the board, Twitter users have speculated that the recent news that Bitcoin has been declared compliant with Shariah law. Read more at CoinTelegraph.

2. Cryptocurrency EOS leaps past Litecoin into fifth place by market cap

EOS climbed more than 30 percent over the last 24 hours for a market capitalization of nearly $7.1 billion, topping Litecoin’s $6.8 billion, according to CoinMarketCap. This price rally has been connected to the announcement of eosDAC Airdrop scheduled on April 15th 2018, 01:00:00 UTC, which also marks the 300th day the EOS Initial Coin Offering. Read more at CNBC.

3. $658 Million Cryptocurrency Fraud Allegation Spurs Vietnam Probe

Vietnam’s deputy prime minister ordered an investigation into allegations of a cryptocurrency scam involving $658 million, the latest report of fraud to hit the lightly regulated market for initial coin offerings. The scam apparently entailed fraudulent initial coin offerings (ICO) by a company in Ho Chi Minh City. Read More at Bloomberg.