10.10am: The US Securities and Exchange Commission (SEC) has demanded answers on cryptocurrencies

The US securities regulator SEC has raised serious concerns about the securities industry’s plans to use trade cryptocurrency.

SEC director of the division of investment manager, Dalia Blass, wrote a strongly-worded letter to two trade groups representing fund managers, Reuters reports.

He asked them to provide answers to 31 questions about how funds that hold large amounts of cryptocurrencies can provide necessary regulatory legislation.

Mr Blass wrote: “Until the questions identified above can be addressed satisfactorily, we do not believe that it is appropriate for fund sponsors to initiate registration of funds that intend to invest substantially in cryptocurrency and related products, and we have asked sponsors that have registration statements filed for such products to withdraw them.

9.30am Indonesian authorities are probing Bitcoin transactions in Bali after warnings raised

Bitcoin's future in Bali is threatened after Indonesian authorities raised concerns that the holiday island had become a "haven" for Bitcoin purchases.

Undercover police and bank officials found the cryptocurrency being used in scores of businesses last month due its popularity with tourist and expat communities.

The country's central bank banned the use of crptocurrencies as payment with futher investigations now on-going.

Causa Iman Karana, head of Bank Indonesia's representative office in Bali said "We found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions.

"The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation unit, we will enforce the rule that all transactions in Indonesia must use rupiah."

9am: XRP continues price rise opening at 20 percent higher than yesterday

XRP opened at $1.58 (£1.13) this morning and had climbed to $1.63 (£1.17) at 8.14am, surging by 19.14 percent in 24 hours - almost three times as much as Bitcoin and Ethereum. 

Ripple has shot up by almost 78 percent since its collapse on Tuesday, making a remarkable recovery.

All three cryptos continue to be in the green. 

source

https://www.express.co.uk/finance/city/906903/Ripple-price-live-Ripple-price-rises-XRP-leads-cryptocurrency-Bitcoin-comeback