Cryptocurrencies staged a strong rebound late Thursday and are extending their gains Friday morning.
Overall cryptocurrency market capitalization modestly increased from a day earlier to $249.58 billion as of 9.55 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Canada’s Coinsquare Joins With DLTa21 To Open Crypto Exchange In Japan
Canadian cryptocurrency exchange Coinsquare has partnered with blockchain investment bank DLTA 21 Blockchain Corp. to launch a centralized cryptocurrency trading platform in Japan. The companies will launch the new trading platform after receiving all required regulatory approvals in Japan. It will be under the DLTa21X brand name. Read more…
Robinhood Crypto Trading Platform Adds Litecoin, Bitcoin Cash
Robinhood, a commission-free stock and cryptocurrency trading app, has added support for two more cryptocurrencies, Litecoin and Bitcoin Cash, on its crypto trading platform. The app had initially supported only Bitcoin and Ethereum. Read more…
New York Cryptocurrency Miners Face New Power Rates
New York state regulators have given permission to a municipal utility provider to charge higher power tariff on high density power consumers, including cryptocurrency miners, under separate service agreement. The New York State Public Service Commission said Thursday that it has approved new electricity rates for Massena Electric Department, which will become effective on July 17. Read more…
Blockchain In Telecom Market To Grow To Around $1 Bln By 2023
Blockchain, the new generation technology behind cryptocurrencies, would contribute nearly $1 billion to the telecoms market within the next five years, according a new research report. Increasing support for Operation Support System/Business Support System processes along with rising security concerns among telecom companies would be the main driving factors, ResearchAndMarkets.com’s study noted. Read more…
Trump Sets Up New Task Force To Assist In Crypto Fraud Probes
U.S. President Donald Trump has established a new “Task Force on Market Integrity and Consumer Fraud” to help regulatory agencies in their probe of financial fraud crimes in the U.S. This is seen as Trump’s first direct move against digital currency frauds. Read more…
Current Prices
As of 9.41 am ET, Bitcoin was up 1.22 percent at $6,244.98 and Ethereum was higher by 1.76 percent at $436.54 on Coinbase.
Read more at: RTT News
