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Bitcoin took a slight loss this morning as the European Union discusses tightening regulations placed on how people use cryptocurrency.

Good morning and welcome to our rolling coverage of all things cryptocurrency , including price, regulation, innovation, and financial crime.

The charts are still on a slight bull run, with prices climbing in the last week, but future EU scrutiny may cause prices to drop further.

7am UPDATE: EU to take a look at how cryptocurrencies are used in crime Finance Ministers in the Eu

Mot major cryptocurrencies have lost more than three percent on the day in a sudden down.

The rest of the market is also slipping considerably on the day in a flash of red that is unexpected from today gains.

Bitcoin has lost almost 4 percent in value over the last few hours, dropping to $6,866.82.

12.30 UPDATE: Bitcoin ETF - What does it mean for the future of cryptocurrency?

David Thomas, director and co-founder of London based Cryptocurrency broker Global Block thinks it is hard to imagine the Securities and Exchange Commission warming to the idea of an ETF until certain issues are fixed.

Mr Thomas said: "If BTC is to reach a market cap like that of gold (which is currently at over $7trillion), then financial products like ETF’s are definitely a necessity. ETF’s will help create greater liquidity synthetically as well as in the underlying.

"As things stand, with the increase in BTC price over the last couple of years, the market is currently illiquid with miners “hodling” until BTC sees price actions of up to and beyond $22,000. To demonstrate this point, at the beginning of 2017 with BTC priced at $894 there was over $10b in daily trading volume. Compare this to the present day where there is currently $6bn of daily volume with BTC priced at under $6,400.

"If we see an ETF authorised then this will surely spark the start of another price rally, further widespread acceptance of crypto-currency and every financial institution in the world scrambling to get a piece of the action- won’t it?"

10.30am UPDATE: Yahoo Finance integrates bitcoin, Ethereum, and Litecoin trading

Yahoo Finance has integrated trading with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform.

While statistics are available on the platform for other digital currencies like Bitcoin Cash (BCH), Ethereum Classic (ETC) or EOS, they currently do not have buy and sell options.

The development has led some in the crypto community to say that it is an important step forward for crypto adoption. Crypto enthusiast and founder of Morgan Creek Digital, Anthony Pompliano tweeted: "You can now buy bitcoin, Ethereum, and Litecoin on Yahoo Finance. The Virus is spreading."

8am UPDATE: Who is the richest person in cryptocurrency?

According to Forbes’ list of the richest people in cryptocurrency, Chris Larsen, an angel investor and co-founder of altcoin Ripple, tops the list, with n estimated wealth between $7.5-$8.5 billon.

In 2012, Mr Larsen cofounded Ripple with Jed McCaleb to facilitate international payments for banks using blockchain technology.

His company now controls 61 billon of the 100 billion XRP in supply, according to Forbes.