Ribble rises marginally as Bitcoin breaks through $4000

A number of major cryptocurrencies have rallied during the day, led by Bitcoin and Ribble, despite warnings about suspicious trade volumes on the crypto stock exchanges.

A report from platform "The Tie" warned that 87% of the volume of exchanges in the cryptocurrency markets is questionable, based on an analysis of 97% of the market.

This comes amid the demand of more research centers and companies to explore the promising technology "Blockchain" - which cryptocurrencies trade through.

Major companies and banks have joined IBM's initiative to launch a digital payment system that serves as an electronic payment network.

In terms of trade, by 20:41 GMT, Ripple rose by 0.7% to $0.32, the highest at $0.32 and the lowest at $0.31 with a market value of $31.6 billion.

Bitcoin rose 0.5% to $4017, with the highest price at $4037 and the lowest price at $3973.1 .