Bitcoin and its peers are modestly in the red Thursday morning, following a rebound Wednesday evening from a crash caused by the news of a hack at a leading cryptocurrency exchange in South Korea.
Overall cryptocurrency market capitalization was at $287.58 billion as of 9.44 am ET on Thursday on CoinMarketCap.
Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Press Freedom Watchdog Accepts Donations In Cryptocurrency
A nonprofit organization founded to promote free speech and freedom of the press has announced that it is accepting cryptocurrencies as donations to use for its activities and campaigns. The Freedom of the Press Foundation (FPF) said on its website that press freedom supporters and cryptocurrency enthusiasts can now make donations to the organization using Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Zcash. Read more...
Brazil's Central Bank Builds Blockchain Platform To Share Data Among Regulators
The Brazilian regulatory authorities are set to use a blockchain-based technology platform developed by the IT department of the Central Bank of Brazil (BCB) for the speedy and secure exchange of information between them. The platform called the Information Integration Platform for Regulators (Pier) will be operational at the end of 2018. Read more...
BBVA Bank CEO Warns Blockchain Is Immature, With Significant Challenges
Carlos Torres Vila, CEO of the Spanish bank Banco Bilbao Vizcaya Argentaria SA or BBVA , warned that blockchain technology is not mature and faces significant challenges, el Economista reported. However, he believes the advantages of blockchain technology are very important for the banking business. Read more...
Nasdaq, Clearing Firms Trial Blockchain Solution That Settles Calls In Minutes
Nasdaq, the leading market services provider, and three clearing services companies in Europe - ABN Amro Clearing, EuroCCP and Euroclear - successfully tested a blockchain solution that settled margin calls within minutes. A statement said they completed a joint proof of concept to make the use of securities more efficient when used to cover margin calls, including after business hours, using blockchain, or distributed ledger technology, or DLT. Read more...
Singer Akon Launches AKoin Coin
Grammy-nominated singer Akon announced the launch of a new cryptocurrency, called AKoin, for use in his "Akon Crypto City," which is being developed in his homeland Senegal. At Cannes Lion, during a panel titled "Branding Africa: Blockchain, Entrepreneurship and Empowering the Future", Akon said the digital currency will be available for sale in two weeks. Read more...
Insurance Consortium B3i Chooses R3's Corda Blockchain Platform
The Blockchain Insurance Industry Initiative (B3i) has selected the Corda blockchain platform, developed by New-York based technology firm R3, to build its applications and business network. Using the blockchain technology, Corda expects to help existing business networks to reduce transaction and record-keeping costs. Read more...
Current Prices
As of 9.58 am ET on Thursday, Bitcoin was down 0.18 percent at $6,726.13 and Ethereum was lower by 0.33 percent at $531.16 on Coinbase.
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