Cryptocurrencies were trading lower Monday morning, led by Bitcoin, amid speculation of more trades by “whales” and news of regulatory updates from key markets.
Overall cryptocurrency market capitalization was $198.05 billion and the Bitcoin dominance rate was 55.6 percent as of 10.54 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past few hours.
Binance To Open New Crypto-Fiat Exchange In Singapore
Binance, the largest global crypto exchange by traded volume, plans to launch a fiat-to-crypto exchange in Singapore. Binance co-founder and CEO Changpeng Zhao or CZ tweeted that the company will begin Binance Singapore fiat exchange live money closed beta testing on September 18, in three days.
Men Outnumber Women In Crypto Investment In U.S.: Survey
Investing in cryptocurrency is dominated by young men. That was the main result of a survey conducted among 3,000 people in the U.S. by Crypto payments startup Circle. 17 percent of males have plans to buy crypto, while only 8 percent of women share the same plans.
LGU+ To Launch Blockchain-Based Overseas Payment System
LG UPlus, a South Korean mobile carrier owned by LG Corp., is launching a blockchain-based cross-carrier overseas payment service in collaboration with telecom and technology partners from Japan, Taiwan, and the United States. LG UPlus signed a memorandum of understanding or MoU to develop the new service together with partners Taiwan-based Far EasTone Telecommunications, Japan’s SoftBank, and US software company TBCASoft.
Korean Customs To Develop Blockchain-based Customs Clearance System
The Korean Customs Service (KCS) is partnering Samsung’s IT arm Samsung SDS to develop and implement a blockchain-based e-commerce export customs clearance system. KCS had selected Samsung SDS as its main business operator in July 2018. Samsung SDS says it will build the world’s first blockchain-based “export customs logistics service” using its Nexledger Blockchain platform, which was launched in April 2017.
Nearly Two-Thirds Of Large Firms Looking To Deploy Blockchain: Survey
A new survey by a U.K.- based firm revealed that nearly two-thirds of large enterprises are looking to deploy blockchain technology. The survey titled “Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition)” was conducted by Juniper Research on enterprises among over 10,000 employees.
As of 10.55 am ET, Bitcoin was down by 2.15 percent at $6,342.66 and Ethereum was lower by 1.59 percent at $213.55 on Coinbase.
by Jyotsna V