Welcome to my Cryptocurrencies Market Overview for Thursday, April 12, 2018.

Today in the news:

• STEEM has skyrocketed today, up 45%!
• Bitcoin spikes upwards from under $6,900 to $8,000, a new high for April.
• EOS is now the fifth-largest cryptocurrency by market cap.
• OKEx announced to become the second major cryptocurrency exchange to move to Malta.
• Monero will shortly support the Ledger hardware wallet.
• A blockchain-themed conference in Shanghai was abruptly suspended by the police.
• J.P. Morgan has been sued for charging undeclared fees to customers who used their credit cards to purchase cryptocurrency.
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin daily chart (log scale)

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Latest Crypto News - April 12, 2018

Bitcoin surges 17% in sudden move to above $8,000

Bitcoin surged more than 17 percent in a sudden move on Thursday to above $8,000 at one point, according to trading on Coinbase. The cryptocurrency hit a high of $8,011 on Coinbase.
_{Read more: www.cnbc.com}

More sources about Bitcoin's price:

• Newsflash: Bitcoin Price Shoots Vertically Above $8,000
• Bitcoin’s Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board
• Ethereum Spikes to $470, Bitcoin Nears $8,000
• Bitcoin (BTC) Makes a Run for It; Touches April High at $8,000+
• Real Momentum? Bitcoin Price Breaks $8,000 For First Time Since March

JPMorgan sued over fees for cryptocurrency purchases

JPMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances.

_{Read more: www.reuters.com}

Other sources:

• Irony Alert: JPMorgan Gets Sued for Bitcoin Fraud
• J.P. Morgan Chase Sued For Charging Crypto Buyers With Surprise Fees
• JP Morgan Chase Hit With Million Dollar Class Action Crypto Lawsuit

OKEx to Become Second Major Cryptocurrency Exchange to Move to Malta

Another major cryptocurrency exchange is about to set up shop in Malta, cementing the small Mediterranean island nation’s status as a burgeoning hub for cryptocurrency startups. OKEx, the world’s second-largest cryptocurrency exchange as measured by daily trading volume, on Thursday announced that it will open an office in Malta and make it a “foundation for further OKEx growth.”
_{Read more: www.ccn.com}

Other sources:

• World’s Second Largest Crypto Exchange OKEx Moves To ‘Blockchain Island’ Of Malta

Monero Confirms Ledger Wallet Support is Ready to Go

Privacy-focused altcoin Monero (XMR) is set to receive official support from cryptocurrency hardware wallet manufacturer Ledger, lead code maintainer Riccardo Spagni has confirmed.
_{Read more: bitcoinist.com}

Other sources:

• Monero (XMR) Ledger Support Coming Soon

Police Abruptly Halt Chinese Blockchain Conference

A blockchain-themed conference in Shanghai was abruptly suspended by police on Thursday. The one-day event, dubbed the Global Fintech & Blockchain China Summit 2018 and organized by a business conference organizer called PTP International, was originally scheduled for April 12. Yet around midday (local time) on Thursday, the morning session was halted by police, and all attendees and organizers of the event were removed from the venue. The afternoon session of the event was also cancelled.
_{Read more: www.coindesk.com}

Other sources:

• China: Blockchain Conference Shut Down By Police, Organizers Claim ‘No Legal Issues’

Santander Launching Blockchain Payment App This Week

Global banking giant Santander Group is reportedly launching a blockchain-based application for cross-border foreign exchange on Friday.
_{Read more: www.coindesk.com}

Litecoin Debit Cards Might Become Reality Soon

The Litecoin Foundation and TenX have entered into a partnership that could soon produce a debit card ready for LTC payments.
_{Read more: cryptovest.com}

Research Paper Declares Bitcoin Compliant With Shariah Law

Bitcoin and cryptocurrencies are intriguing because they are very different from the traditional financial systems we use today. One particular subject people have pondered is whether or not bitcoin complies with the religious law that forms a part of Islamic tradition — otherwise known as Shariah Law. This week a microfinance firm based in Indonesia, Blossom Finance, published a 22-page working paper that concludes that “bitcoin qualifies as Islamic money, except where it is banned by a local government.”
_{Read more: news.bitcoin.com}

EOS Booms Suddenly, Is More In Store?

EOS skeptics are often surprised by the market - this digital asset seems to have endless upward potential and rises easily. EOS added up to 45% in a single day, to trade above $8.22, displacing Litecoin from position 5 on CoinMarketCap.
_{Read more: cryptovest.com}

Other sources:

• EOS Price Keeps Surging as it Becomes the Fifth-Largest Cryptocurrency by Market Cap

National Currency, Scam And Police Violence: What’s Going On With Crypto In India

India’s central bank, the Reserve Bank of India (RBI) has caused a stir on April 5, 2018 by announcing that it would not allow regulated institutions like banks, payment service providers and non banking finance companies (NBFCs), to provide services to persons or businesses that deal with cryptocurrencies.
_{Read more: cointelegraph.com}

Cryptocurrency Is the Main Income for 12% of Russian Crypto Users

Cryptocurrency is the main source of income for 12% of Russian speaking crypto users, according to a new survey. More than 90% of the respondents say they want to use digital coins as a means of payment, and a quarter of those interviewed are already doing that. 40% of the participants view cryptos like bitcoin as a good long-term investment. They have no intentions to sell their crypto holdings in the near future.
_{Read more: news.bitcoin.com}

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