CyberCrime Investigator Calls HitBTC “Fraudulent” – December 18

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$6,648

Bitcoin price has stabilized in the mid $6,000 range, after a tumultuous drop from the $7,000s.

Top-20 altcoins have recovered slightly, with most coins in the green today. XRP and Ethereum are both up about 1%, while Cosmos has performed the best with an 8% rise.

Top Stories for December 18, 2019 🔥

👉 CyberCrime Investigator Calls HitBTC an “Insolvent Scam”

Richard Sanders, a lead investigator at blockchain investigation agency CipherBlade, has alleged that cryptocurrency exchange HitBTC is a fraudulent entity, and most likely insolvent.

HitBTC already has a bad track record, with a recent report from Bitwise claiming that the majority of trading volume on the exchange is fake.

👉 President of European Central Bank Interested in Stablecoin Tech

The president of the European Central Bank, Christine Lagarde, has expressed an interest in stablecoin technology in a recent press conference.

She stated that the ECB needs to be “ahead of the curve” in the area, due to appreciable demand for stablecoins on the open market.

👉 Fidelity Digital Assets to Expand into Europe

Earlier today, Fidelity announced that it will be expanding into the European market, to assist with institutional investment into digital assets.

The company will create a new entity headquartered in the United Kingdom, and will serve family offices, hedge funds, and other investors across Europe.