Cryptocurrencies were mixed Friday morning, with some rising led by Bitcoin, as market sentiment slightly recovered after the sharp downturns in recent days.
The improvement in the market sentiment can be partly attributed to the news of Goldman Sachs CFO describing the rumor of the investment bank dropping plans to start a cryptocurrency trading desk as “fake news”.
Speaking at the TechCrunch Disrupt forum, Goldman Sachs CFO Marty Chavez said the bank has not shelved its plans for opening a crypto trading platform, but was exploring how to include physical Bitcoin in its offerings.
Further, sentiment was boosted by reports that Coinbase is considering a launch of a Bitcoin exchange-traded-fund (ETF) in partnership with the asset management giant, BlackRock.
As of 10.07 am ET, cryptocurrency market capitalization was $204.54 billion and the Bitcoin dominance rate was 54.6 percent on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Coinbase Expands GBP Crypto Trading Pairs For UK-based Customers
US-based cryptocurrency exchange Coinbase Pro has expanded its British Pound (GBP) trading pairs for UK-based customers, with the addition of four new pairs. Coinbase Pro added support for GBP on their platform in early August to help easier and faster trading in cryptocurrencies such as Bitcoin for its UK-based customers. It had initially supported BTC-GBP pair only. Read more…
Iran Recognizes Cryptocurrency Mining As Industry
Iran agreed to officially recognize cryptocurrency mining as an industry, as reported by IBENA, a news agency affiliated to the Central Bank of Iran. The apex bank is expected to draft a policy framework for the industry in the next 18 days. Read more…
EU Urged To Adopt Common Cryptocurrency Rules
European economic think tank Bruegel urged the European Union to adopt common rules on cryptocurrencies and scrutinize how these currencies are distributed to investors. In a report prepared for EU finance ministers, Bruegel called for EU-level regulation of crypto exchanges and clearer rules on Initial Coin Offerings, to control risks and exploit the potential of the industry and blockchain technology. Read more…
Apex Clearing To Launch Apex Crypto To Support Crypto Investments
Digital wealth management firm Apex Clearing is set to provide support for cryptocurrency investments, which will enable broker-dealers and other online investing platforms working with Apex Clearing to offer their clients access to investing in crypto assets. The new service will be launched through a separate entity called Apex Crypto, and expected to be available starting in the fourth quarter of 2018. Read more…
New York Man Pleads Guilty To Kidnapping, $1.8 Million Ether Heist
A New York man has pleaded guilty to orchestrating the kidnapping and theft of more than $1.8 million worth of cryptocurrency Ether. Manhattan District Attorney Cyrus Vance, Jr. announced the guilty plea of Louis Meza, 35. He pleaded guilty in New York State Supreme Court to Grand Larceny in the First Degree and Kidnapping in the Second Degree. Read more…
As of 10.09 am ET, Bitcoin was down 0.69 percent at $6,434.70 and Ethereum was lower by 4.14 percent at $220.70 on Coinbase.
by Jyotsna V