Bitcoin and its peers rebounded late Wednesday and have extended their uptrend into Thursday, with the second most popular cryptocurrency Ethereum sporting double-digit gains.
Sentiment was boosted by a Bloomberg News report that Morgan Stanley was planning to offer Bitcoin swap trading for its clients.
Overall cryptocurrency market capitalization recovered to $200.66 billion and the Bitcoin dominance rate was 56.1 percent as of 10.13 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
FINRA Takes First Cryptocurrency-related Disciplinary Action
The US Financial Industry Regulatory Authority or FINRA has charged broker Timothy Tilton Ayre, owner of Rocky Mountain Ayre, with fraud and unlawful distribution of an unregistered cryptocurrency security HempCoin. The agency, which operates as a non-governmental self-regulatory organization for investor protection and market integrity, said it is the first disciplinary action by FINRA involving cryptocurrencies.
Chinese Firm To Convert US Defense Data Center Into Crypto Mining Farm
China’s Wuhan General Group is in talks on the possibility of converting a U.S. Defense Department data center into a cryptocurrency mining facility. Wuhan General Group is a Nevada investment company focused in cryptocurrency mining operations.
Digital Asset Trading Platform OKCoin Expands To 20 More U.S. States
Digital asset trading platform OKCoin has expanded its operations in the U.S. by offering token-to-token trading in 20 new states. Individual US traders and institutional investors from these states will now have access to wide variety of digital assets.
IMF Warns Marshall Islands Against Risks Of Adopting National Cryptocurrency
The International Monetary Fund (IMF) urged the Marshall Islands to “seriously reconsider” the issuance of its proposed cryptocurrency – Sovereign – as legal tender. The issuance of a decentralized digital currency as a second legal tender in addition to the U.S. dollar would increase macroeconomic and financial integrity risks, and escalate the risk of losing the last U.S. dollar correspondent banking relationship, IMF said in a report prepared after discussing the Pacific island nation’s economic development and policies with the government officials.
Softbank Develops Blockchain Technology For P2P Mobile Payments
Japan’s telecom carrier SoftBank Corp. announced that a blockchain proof-of-concept (PoC) that allows a new cross-carrier mobile payments service has been developed. The technology was developed in partnership with Synchronoss Technologies Inc. (NASDAQ: SNCR) and blockchain technology developer TBCASoft Inc. based on the Rich Communication Services (RCS) global messaging standard and TBCASoft’s cross-carrier blockchain platform.
As of 10.13 am ET, Bitcoin was up by 3.73 percent at $6,506.48 and Ethereum was by 18.75 percent at $205.24 on Coinbase.
by Jyotsna V