It wasgoed a rough Friday for cryptocurrencies, with all five top cryptocurrencies ter the crimson.
EOS (EOS-USD) wasgoed the top decliner of the day, falling more than 13% to US$14.97.
The second-largest decliner wasgoed Bitcoin Specie (BCH-USD), falling almost 8% to US$1,399.27 followed by Ripple (XRP-USD), which fell more than 7% to US$0.Sixty-nine.
Ethereum (ETH-USD) wasgoed down almost 6% to US$680.66 while Bitcoin (BTC-USD) fell more than 4% to US$680.Sixty nine.
Facebook Inc (NASDAQ:FB) is programma to launch its own cryptocurrency, according to a report from Cheddar. The social media giant recently formed a blockchain group of less than a dozen employees led by David Marcus, the vice voorzitter of Facebook’s Messenger app and the former voorzitter of PayPal Holdings Inc (NASDAQ:PYPL).
Cryptocurrency exchange Upbit had its offices raided by South Korean officials spil the country looks to crack down on illegal activities te the digital currency market. The exchange is the fourth-largest te the world, based on 24-hour trade volume. South Korean authorities have investigated other exchanges spil well, detaining CoinNest’s CEO and co-founder on charges of embezzlement and fraud last month.
Ter its first-quarter earnings report, chipmaker Nvidia Corp (NASDAQ:NVDA) predicted that its crypto revenue could fall by spil much spil two-thirds. The company, known for its gaming chips, released a chip specifically for mining. Gamers were priced out of the market spil miners sent retail prices surging. The company sees fewer crypto miners te the future, bringing prices back down.
READ: Nvidia crushes market expectations ter fiscal 1Q due to revenue from movie gaming
The North American Marijuana Index, comprised of the leading marihuana stocks te the U.S. and Canada, spotted slight gains.
California’s Lessenaar of Marihuana Control sent cease-and-desist letters ter April to almost 1,000 marihuana businesses that it believed to be operating without total admitido permission, according to a report by the Marijuana Business Daily. So far, only around a quarter of those to receive a letterteken have complied, taking down online advertisements and applying for the zindelijk licensing.
Solis Tek announced that it’s closed its acquisition for a marihuana cultivation and processing facility ter Arizona. The California-based company provides lighting solutions to commercial marihuana companies. Shares were up more than 2% to US$1.12.
Marihuana investment company Liberty Health Sciences Inc (OTCQX:LHSIF) has signed an agreement with Aphria, a medicinal marihuana company, to produce and sell Solei Sungrown Marihuana ter Florida and Massachusetts. The brand will be available for sale by the end of July. Shares of the Toronto-based company were down almost 2% to US$0.65.
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