Cryptocurrencies are largely a sea of red Wednesday morning with almost all coins falling led by Bitcoin.
The sharp downturn came after the Business Insider reported that Goldman Sachs has dropped its plans to set up a cryptocurrency trading desk as the regulatory picture remains unclear.
As of 10.40 am ET, overall cryptocurrency market capitalization was $224.93 billion and the Bitcoin dominance rate had risen to 54.1 percent on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Belgium Adds 28 Names To List Of Suspected Fraudulent Crypto Platforms
The financial regulatory agency of Belgium added 28 names to the list of cryptocurrency trading platforms suspected to be fraudulent. The Financial Services and Markets Authority (FSMA) Tuesday updated its list of cryptocurrency trading platforms which have been identified with signs of fraud. With the addition of 28 platforms, the list currently contains 78 crypto platforms. Read more…
Mozilla Firefox Browser To Block Auto-crypto-mining In Future Versions
Mozilla Firefox is changing its approach to anti-tracking, and will block auto-crypto-mining or cryptojacking malware in future releases of the browser as part of its new approach. In the near future, Firefox will, by default, protect users by blocking tracking while also offering a clear set of controls to give users more choice over what information they share with sites. Read more…
Global Crypto ATM Market To Grow To $144.5 Mln By 2023: Report
The global crypto automated trading machine (ATM) market is expected to reach $114.5 million by 2023, according a report published by ResearchandMarkets.com. The report cites the increasing acceptance of cryptocurrency across industries, and growing opportunities in developed markets, such as the US, Germany, and Japan, for this growth. Researchers expect the global crypto ATM market to grow from the current $16.3 million in 2018 to $144.5 million over the next five years, a near nine-fold growth. Read more…
IBM Unveils Blockchain World Wire Payment System For Cross-border Payments
IBM announced the launch of Blockchain World Wire or BWW payment network, which allows to simultaneously clear and settle cross-border payments in near real-time. In a post, the company said the payments can be done in seconds using blockchain technology and the Stellar protocol. The network can be integrated to one’s existing payment systems. Read more…
Australian Securities Exchange Delays Transition To Blockchain
Australian Securities Exchange or ASX has delayed its planned transition to blockchain technology for processing equity transactions by six months as it requires more time for user development and testing. The launch date will now be shifted from the fourth quarter of 2020 to around March-April 2021. ASX also extended industry-wide testing plans and mandatory accreditation by the same time frame. Read more…
As of 10.41 am ET, Bitcoin was down 4.75 percent at $7,010.00 and Ethereum was lower by 10.51 percent at $259.09 on Coinbase.
by Jyotsna V