Cryptocurrencies have recovered and are trending upward Tuesday morning, after sliding sharply a day earlier. Bitcoin rebounded and is trading above $6,000.
Some analysts attributed the rebound to the expiration of the CBOE Bitcoin futures on Wednesday.
Market capitalization also recovered and moved back above $200 billion. As of 11.12 am ET, overall cryptocurrency market capitalization was $206.60 billion and the Bitcoin dominance rate was 53.4 percent on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Square’s Cash App Bitcoin Service In All US States
Mobile payments firm Square’s Cash App has expanded Bitcoin trading to all 50 states in the U.S, the company said in a tweet. Square is co-founded by Twitter Chief Executive Jack Dorsey. Cash App, an app for sending and receiving fiat currency, had conducted the test phase of the service to selected users in November last year.
World Bank Picks Australia’s CBA To Deliver World’s First Blockchain Bond
The World Bank has picked the Commonwealth Bank of Australia (CBA) as the sole arranger of the first global bond transaction to be created, allocated, transferred and managed through its life cycle using blockchain distributed ledger technology. The World Bank and CBA are expected to launch the transaction to issue the Australian dollar Kangaroo bond, termed bond-I, following a period of consultation with a broader set of investors. bond-I is a blockchain operated new debt instrument.
Jamaica Stock Exchange Teams With Blockstation To Offer Crypto Trading
The Jamaica Stock Exchange or JSE plans to offer cryptocurrency trading to its investors. The move would make JSE one of the first international stock exchanges to deploy an online digital currency and token trading platform.
SEC Bars & Fines Fraudulent ICO Issuer Tomahawk
The U.S. Securities and Exchange Commission (SEC) has barred and fined the issuer of Tomahawkcoin for running a “fraudulent Initial Coin Offering (ICO)” to fund oil exploration and drilling in California. The regulator’s order finds that Tomahawk Exploration LLC and its founder David Laurance violated the registration and antifraud provisions of the federal securities laws.
Cybercriminals Stole $2.3 Mln In Cryptocurrency Scams In Q2
Cybercriminals have earned more than $2.3 million by phishing attacks on fraudulent web pages featuring popular crypto-currency wallets and exchanges during the second quarter of 2018, according to a new report from Kaspersky Lab. The Internet security provider estimates that it detected nearly 60,000 such attempts from April to June 2018.
As of 11.20 am ET, Bitcoin was up 7.55 percent at $6,432.94 and Ethereum was higher by 15.38 percent at $294.16 on Coinbase.
by Jyotsna V