Posted by Kyle 2:47 PM (CDT)
Thursday October 11, 2018
A $13 billion net worth was wiped off of major cryptocurrency markets this morning. Bitcoin is still down 4.3% and Ethereum is down 11.98% as of posting this. This all comes on the back of the International Monetary Fund warning of Crypto problems to come due to rapid growth and threats to economies.
Our favorite eSports betting crypto, Unikoin Gold, is down 9% and is at an all-time low for the year. It seems that there is no coming back for Rahul Sood's crypto scheme after the recent lawsuits against the coin.
Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.