CRYPTO ALERT #1 - MUFG COIN | Lighting Charge | China Tightened Restrictions | JioCoin | Loss About $200 billion In Cryptocurrency Market | BCC Hit by 87%

I have decided to start a new series by name "Crypto Alert" in this series I will post top Crypto-News every day so that all the Crypto lovers can be connected with the day-to-day happening in the Crypto Market.

Todays top Crypto-News are :-

1. Mitsubishi UFG financial group Plans To Launch "MUFG Coin"
It's a good news to all Crypto Lover (especially Japanese) that the one of largest bank of Japan-'Mitsubishi UFG Financial Group', plans to launch its own crypto currency. The purpose of such a decision was to suppress drastic fluctuation in the price of MUFG so that it can be used stably for settlement and remittance. Users can access these coins through there smartphones, to pay for the goods and services in a secure way.

2. Lightning Charge-Solution to Cheap Bitcoin Transactions through Bitcoin Apps
It's a good news for all those people who loves to use Bitcoin for payment of their day-to-day transactions that Blockstream, a bitcoin startup has released a micropayment processing system that claim to make it simpler to build bitcoin app on top of its lightning network called Lightning Charge.
To demonstrate its technology company launch a e-commerce store where users can use this micropayment system on bitcoin main-net. It's done by adding extra layer to the network, rather than changing bitcoin underlying code, which theoretically make transaction more cheaper and quicker than directly on bitcoin's blockchain.

3. China Restricts Centralized Cryptocurrency Trading
Chinese government restricts centralized cryptocurrency trading by targeting online trading platform, mobile apps providing trading services to cryptocurrency users and larger peer-to-peer transactions. The government plans to also target individuals and firms that provide market-making, settlement and clearing services. Only small peer-to-peer transactions are not affected.

4. Reliance Industries Plans To Launch "JioCoin"
Reliance Industries, India's biggest and most valuable conglomerate, plans to dive into blockchain development, trough the creation of its own cryptocurrency "JioCoin" by its telecom subsidiary Jio Infocomm. The company is establishing an initiative dubbed the 'JioCoin Project' that plans to hire about 50 professional working on blockchain technology to develop application for supply chain management logistics and building smart projects. The team will be led by Akash Ambani, eldest son of Mukesh Ambani-Managing Director Of Reliance Industries.

5. Cryptocurrency Market takes hit as Ethereum, Ripple, Steemit etc. Suffers 20%+ Fall
Today, is the dark day for Cryptocurrency Market. Most of the top Currency like Ethereum, Ripple, EOS, Steem etc suffers about 20%+ fall over the past 24 hours while bitcoin also suffers about 15%+ fall . Since January 15, the market valuation of Cryptocurrency has suffer a hit of about $200 billion loss. Moreover, please do to relate the loss to the trading ban fiasco in china as due to an early ban in September 2017, the Chinese market has barely any volume of impact on the global cryptocurrency market.

6. BCC Token Drops By 87%
Bitconnect essentially closes its virtually all operations after following regulatory troubles and bad publicity. This closure of lending platform and cryptocurrency exchange had brought down the price of BCC token by 87% from $437 to $30 in just a single day.

These are the top 6 News update regarding Cryptocurrency Market. If you like the post-the Please upvote, resteem it so that others can also see these updates, comment to share your opinion and follow me for more amazing crypto-news

-A Casual Writer