Cryptocurrencies are trading higher Friday morning as some quarterly Bitcoin futures are expiring and there was an improvement in market sentiment due to bullish predictions by experts.
Overall cryptocurrency market capitalization was $219.58 billion and the Bitcoin dominance rate was 52 percent as of 9.25 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
SEC Charges Bitcoin-Funded Securities Dealer 1pool
The U.S. Securities and Exchange Commission has filed charges against 1pool Ltd., an international securities dealer, and its CEO for allegedly violating the federal securities laws. The complaint, filed in U.S. District Court for the District of Columbia, is in connection with the offering of security-based swaps funded with bitcoins by Marshall Islands-based 1pool Ltd., which stands behind 1broker.com.
Coinbase Launches ‘Coinbase Bundle’ For Amateur Crypto Traders
US-based cryptocurrency exchange Coinbase has introduced a new concept called ‘Coinbase Bundle’ to enable amateur traders to buy a bundle of cryptocurrencies for a fixed amount of investment. It will be available to customers in the US and Europe over the coming weeks.
FedEx, Honeywell To Join Hyperledger Project
FedEx, Honeywell International, and Constellation Labs are among the latest group of fourteen organizations to join the Hyperledger project, which is hosted by The Linux Foundation to improve cross-industry blockchain technologies. Others who joined the project include BetaBlocks, Blockchain Educators, Cardstack, Elemential Labs, KoreConX, Northstar Venture Technologies, Peer Ledger, Syncsort and Wanchain.
Porsche Boosts Investments In Technologies Including Blockchain
German sports car maker Porsche has increased its investments to access future technologies and business models by EUR 150 million or $175 million over the next five years. These include artificial intelligence, blockchain and virtual and augmented reality.
As of 9.26 am ET, Bitcoin was up by 2.23 percent at $6,644.87 and Ethereum was higher by 3.44 percent at $225.58 on Coinbase.
by Jyotsna V