Bitcoin and altcoins are trying to retain the upward momentum from a day earlier, Thursday morning. The top cryptocurrency is modestly in the green.
Overall cryptocurrency market capitalization was $245.29 billion as of 10.18 am ET on CoinMarketCap.
Here is a wrap of the main cryptocurrency and blockchain news over the past 24 hours.
Cryptocurrency Use Could More Than Double In Future: ING Survey
The US, Europe and Australia are set to witness the public interest in cryptocurrencies such as Bitcoin more than double in future, a survey by ING’s eZonomics think tank showed. Only nine percent of Europeans surveyed currently own cryptocurrencies, but another 16 percent expect to possess them in the future, the “Cracking the code on cryptocurrency” part of ING’s international survey on mobile banking revealed. Read more…
Coinbase CEO Brian Armstrong Unveils Crypto Charity Fund
Brian Armstrong, the co- founder and Chief Executive Officer of cryptocurrency exchange Coinbase, has announced the launch of Givecrypto.org, a cruptocurrency-based charitable fund. The nonprofit organization, which distributes cryptocurrency to people living in poverty aims to raise a $10 million fund initially. The initiative so far has raised about $3.5 million, including an initial donation of $1 million from Armstrong. The company targets $1 billion fund size in the next two years. Read more…
Japan’s LINE Corp to Launch Cryptocurrency Exchange BITBOX
Japan’s LINE Corp. is set to launch its own cryptocurrency exchange BITBOX on its popular mobile messaging app in July 2018. The exchange will be available for cryptocurrency trading globally, except in Japan and the U.S. LINE had announced plans in late January to launch a cryptocurrency exchange. Read more…
India’s Kotak Bank To Use RippleNet For Cross-border Remittance
Indian private sector lender Kotak Mahindra Bank joined Ripple’s enterprise blockchain network RippleNet to enable faster inward cross-border remittances for its customers. India is the world’s largest remittance receiver, according to a recent report. Kotak will use Ripple’s blockchain-based settlement solution, xCurrent. Read more…
Crypto-Industry Insiders Say ICOs Should Be Regulated: Survey
A new survey conducted by law firm Foley & Lardner revealed that a large majority of crypto-industry business executives and investors are in favor of greater regulatory certainty and believes the industry should be regulated in the U.S. at the federal level. About 84 percent respondents believe that initial coin offerings of cryptocurrencies should be regulated, while 68 percent want regulations for ongoing purchases and sales of cryptocurrencies. Read more…
Current Prices
As of 10.29 am ET on Thursday, Bitcoin was up 0.51 percent at $6,109.00 and Ethereum was higher by 1.83 percent at $437.66 on Coinbase.
Read more at: RTT News
