Bitcoin and its peers recovered strongly from their sharp slide on Friday and the top cryptocurrency is trading above $6,500 Monday morning.
Overall cryptocurrency market capitalization also recovered and was around $267.73 billion as of 9.52 am ET.
Here is a wrap of the main cryptocurrency and blockchain news over past few hours.
Ethereum Co-Founder Anthony Di Iorio Launches Crypto Wallet
Ethereum co-founder Anthony Di Iorio announced the launch of Jaxx Liberty, a new cryptocurrency wallet with more than 70 cryptocurrencies, to the mass market. Di Iorio’s Decentral, an innovator in blockchain technologies, is behind Jaxx Liberty, which is the first in a series of products coming in 2018 using decentralized technologies like blockchain.
China’s BTCC Relaunches Cryptocurrency Exchange
BTCC, a Hong Kong-based cryptocurrency firm, re-launched its new cryptocurrency exchange platform. The new BTCC exchange, which went live, will support cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), as well as trading pairs like LTC/USD and LTC/BTC etc.
Sacramento Kings To Start Crypto Mining For Charity
Sacramento Kings, an American basketball team, is set to become probably the first professional sports team to foray into cryptocurrency mining and use the funds for charity. The Kings will initially use the funds for the charity program “MiningForGood” to lay the foundation to establish a multi-year scholarship program to support Sacramento-based causes starting with the Build. Black. Coalition, which is a group of Sacramento community leaders organized to support transformational change for Black communities.
Cryptojacking Replaces Ransomware As Top Cyber Bad Dog In 2018
A new report by McAfee Labs noted a whopping increase in crypto-jacking and other cryptocurrency mining schemes this year, that has replaced ransomware as top cyber bad dog in 2018. Cyber criminals hijack victims’ browsers or infect their systems to secretly use them to mine for legitimate cryptocurrencies such as Bitcoin.
Russian University To Store Diploma Records Using Blockchain
A Russian state university announced its plans to store diploma records using the blockchain technology, a decentralized, distributed and public digital ledger. The Financial University under the Government of the Russian Federation said all the diplomas issued by the university for the past 10 years are loaded into the block using distributed ledger technology.
As of 10.02 am ET on Monday, Bitcoin was up 4.28 percent at $6,606.01 and Ethereum was higher by 5.35 percent at $472.00 on Coinbase.
Read more at: RTT News