Cryptocurrencies, led by Bitcoin, rebounded Wednesday underpinned by some positive news that boosted market sentiment.
Google partially scrapped a ban on cryptocurrency advertisements and the Intercontinental Exchange confirmed that the first product offering from its crypto platform Bakkt would be physical Bitcoin futures.
Overall cryptocurrency market capitalization was $214.71 billion and the Bitcoin dominance rate 52.4 percent as of 10.40 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Google To Allow Regulated Crypto Exchanges To Advertise In US, Japan
Google, which banned cryptocurrency related ads earlier, is now planning to allow regulated cryptocurrency exchanges to advertise in the United States and Japan. The Google Ads policy on Financial products and services will be updated in October 2018, the company said in a post.
Coinbase Announces Faster Crypto-Asset Listing Process
US-based cryptocurrency exchange Coinbase announced a faster process for listing new crypto-assets that meet its standards and are compliant with local law. The exchange already supports five of the leading cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It is now looking to add new digital assets such as coins, tokens, forks, stablecoins, and collectibles.
FSA Issues Business Improvement Order To Hacked Japanese Crypto Exchange
Japan’s top financial regulator Financial Services Agency (FSA) has sought explanation from the operator of hacked cryptocurrency exchange Zaif regarding how the breach occurred, and what steps it will take to re-compensate customers who were the vctims of the hack. Osaka-based Tech Bureau Inc., which operates Zaif, reported last week that Zaif lost 5,966 bitcoins worth 6.7 billion yen ($60 million) after hackers illegally accessed the server of Zaif and transfered money.
Brazil’s Grupo XP Brokerage To Launch Exchange For Bitcoin, Ethereum
Brazil’s biggest independent brokerage Grupo XP plans to enter the cryptocurrency market with the opening of an exchange for Bitcoin and Ethereum in the coming months, Bloomberg reported. At an event in Sao Paulo, Chief Executive Officer Guilherme Benchimol talked about the launch of the new platform, which will be called XDEX, with 40 employees.
Thailand’s Kasikornbank Joins Visa’s Blockchain-based B2B Payments Pilot
Major Thai bank Kasikornbank (KBank) joined the Visa B2B Connect blockchain platform for cross-border business-to-business payments, becoming the first Thai financial institution to join Visa’s blockchain pilot program. The project was launched in October 2016.
As of 10.40 am ET, Bitcoin was up by 1.11 percent at $6,486.51 and Ethereum was higher by 1.75 percent at $214.00 on Coinbase.
by Jyotsna V