Bitcoin continued its slump after losing 12% on Wednesday and triggering the biggest cryptocurrency sell-off since February.
Bitcoin has tumbled below $6 000 for the first time since August and reached the lowest level in over a year, breaking the recent stretch of tranquility.
Ripple Labs is gaining new customers because financial firms are seeking faster, more up-to-date technology than the Swift banking network, CEO Brad Garlinghouse said.
New research commissioned by Luno shows there is a great deal of interest among South Africans in owning at least one cryptocurrency.
In the next 10 years, it remains possible that the technology underlying bitcoin will transform global money.
The cryptocurrency industry is plagued by scandal. Stock exchange operator Nasdaq says it can solve the problem.
After the crypto crash, the industry wants governments to confer legitimacy on digital currencies whose enthusiasts originally boasted of being outside the system. For some operators, the alternative could be bleak.