Bitcoin price LIVE: BTC given the thumbs up - G20

FREE now SUBSCRIBE Invalid email Make the most of your money by signing up to our newsletter fornow We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.

8.00am MORNING HEADLINES Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is priced at $6,663 this morning with ethereum rising to $473 and ripple up at $0.47. The FSB has sent the crypto community a welcome boost after delivering a framework for the world's leading G20 countries to “monitor the financial stability implications of crypto-assets markets.” Pouring cold water on the idea of crypto sparking the next global financial meltdown the FSB said that cryptocurrencies like bitcoin “do not pose a material risk to global financial stability” but they fully support their “vigilant monitoring.” The good news comes just a day after the world's largest assset manager signalled their intent to move closer to crypto with a possible entry into bitcoin futures.

It took a generation for the internet to flatten much of the old media and retail world and it will take a generation to flatten evil old finance; we all know who they are and so do they, but that new world is coming. Clem Chambers, CEO of ADVFN

The FSB is an international body that monitors the global financial system and reports back to the G20 through dialogue with governments and central banks. The FSB's positive report on crypto gives another big thumbs up to central banks and regulators looking to push forwards with a set of rules that will create trust and give further transparency to an emerging area of global finance. The report said: "Crypto-assets do not pose a material risk to global financial stability at this time…At present, like crypto-assets in general, crypto-asset platforms do not pose global financial stability risks. "Nevertheless, they raise other significant concerns, including consumer and investor protection, market integrity and money laundering/terrorism financing, among others."

Bitcoin price LIVE: Crypto is moving on up

From Clem Chambers, CEO of ADVFN and Online Blockchain plc told Express.co.uk that the continuing march of crypto is inevitable. He said: "It took a generation for the internet to flatten much of the old media and retail world and it will take a generation to flatten evil old finance; we all know who they are and so do they, but that new world is coming." Got something to add? Send your reaction / thoughts / analysis / price predictions over to @DavidGDawkins. Updates below throughout the day....

9.26am - Regulatory clairty 'taking form' Joel Kruger, Currency Strategist, LMAX Exchange is optimistic that things are moving in the right direction. He said: "Institutional adoption requires institutional quality infrastructure and liquidity solutions, along with a degree of regulatory clarity that had long been absent and is only just now taking form. "While we can't speak for those who were quick to dismiss the viability of Bitcoin, it's certainly understandable that the many forward thinking, bigger traditional players wanting to get involved, have been sitting back on the sidelines waiting for this clarity before dipping in, much as was the case in the early days of the ETF.”

The 10 richest people in Cryptocurrency Wed, February 7, 2018 Cryptocurrency: 10 of the wealthiest people in Cryptocurrency according to Forbes first ever Crypto rich list. Play slideshow Getty 1 of 11 The richest people in Cryptocurrency

9.47am - SEC inbox FULL The Securities and Exchange Commission is fighting back a crammed indox of comments over the potential approval of a bitcoin ETF. Bloomberg report that cryptocurrency enthusiast keyboard warriors have responded to the SEC's call for feedback on Cboe Global Markets Inc.’s request to change its listing rules and allow the crypto exchange-traded fund. The SEC has worked hard over the last 12 months to dampen attempts to bring a Bitcoin ETF to market. The commission asked would-be issuers back in January to pull their applications until asset managers could answer a series of questions on custody, liquidity, market manipulation, valuation and arbitrage.

10.13am - Hackney Mosque collects more crypto than cash A British Mosque has announced that it collected four times more donations in cryptocurrencies than regular cash or fiat money during Ramadan. With crypto becoming an increasingly important technology for charity - the Mosque said that people from all around the world donated to the mosque using cryptocurrency during Ramadan, including one transaction of over £5,200. The Hackney mosque’s chairman, Erkin Guney, told inews: “Many people at the mosque were initially sceptical about us accepting this new money, but the fact we received four times more in cryptocurrency donations shows how important it is to be open to these new digital currencies.” 10.29am - BTC climbs Bitcoin is back up at $6,700.

Bitcoin price LIVE: Young people and crypto

11.49am - Crypto dating Single members of the crypto fraternity - rejoice. A new study from CreditCoin has revealed that 75 percent of 'Millennials' are more likely to date someone who is "knowledgeable" on crypto. John McLeod, spokesperson CreditCoin said: The results from the survey provide a genuine insight into how people view cryptocurrencies and the purpose of emerging blockchains. "Although it is mainly viewed as an investment vehicle, there is real demand for greater use and adoption by third parties and a belief that despite many established institutions criticising altcoins, this technology is here to stay."

Bitcoin price LIVE: IBM testing BTC

13.21pm - IBM testing crypto Tech giant IBM is looking to develop a “stablecoin,” a digital token tied to an existing government-backed currency like the pound or dollar. IBM is looking to Stronghold USD to explore ways of helping banks and other financial institutions process payments faster and more securely. IBM said Stronghold’s stablecoin will rely on the platform developed by Stellar, which was co-founded by former Ripple executive Jed McCaleb in 2014, accroding to CNBC. 13.44pm - Ripple concern Ripple's journey to the centre of global finance looks set to continue with banks across Europe living in “fear” of “being disrupted by new technologies”, according to its new technology chief. However, ripple is one notable absence from the spate of technologies in which Autonomous Partners is interested, raising concern that the XRP tokens will be treated differently when regulations arrive. If the Securities and Exchange Commission in the US decides that the tokens are securities they will then be subject to different laws than tokens that are not. Arianna Simpson, from Autonomous Partners said: “I have a lot of concerns about the level of centralisation there, and I have regulatory concerns if what they have issued is a security. However, Ripple CEO Brad Garlinghouse dismissed the fears back in June, claiming, “I don’t think that our ownership of XRP gives us control.” He said: “Saudi Arabia owns a lot of oil—that doesn’t give them control of oil.” Read the full report: Ripple on path of 'disruption' but 'concerns' remain for hedge fund investors

Bitcoin price LIVE: Bitcoin on the up