Cryptocurrencies Recover, IMF and World Bank Launch Quasi-Cryptocurrency

Published April 15th, 2019 - 11:07 GMT
The crypto market cap increased to $176.5 billion from $169 billion last Friday.
The crypto market cap increased to $176.5 billion from $169 billion last Friday. (Shutterstock)
Highlights
IMF and World Bank launched the “Learning Coin” to study the technologies that underlie the cryptocurrencies.

Bitcoin rebounded to above the $5,000 level and other major cryptocurrencies traded higher as the week opened in Asia.

Bitcoin rose 2.07% to $5,142 by 12:00 PM ET (04:00 AM GMT). The digital coin lost its grip on the $5,000 level last Friday but regained momentum on Monday morning.

Ethereum added 3.32% to $167.12, XRP gained 0.72% to $0.32699 and Litecoin surged 7.46% to $83.138.

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The crypto market cap increased to $176.5 billion from $169 billion last Friday.

Meanwhile, The Financial Times reported that the IMF and World Bank launched the “Learning Coin” to study the technologies that underlie the cryptocurrencies.

By launching a private blockchain and the coin, both institutions aim to understand better the technologies revolving around cryptocurrencies, such as smart contract, distributed ledger and challenges across crypto-ecosystem.



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