Bitcoin has sustained the upward momentum from a late Thursday rebound, Friday morning. After a slump early Thursday, apparently due to profit-booking, crypto market sentiment was boosted by some positive remarks from the CEO of Nasdaq, which struck a deal with the leading crypto exchange Gemini for deploying surveillance software for the crypto platform. And a UK-based digital banking startup that supports cryptocurrency trade received significant funding.
Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.
Nasdaq CEO Says Open To Become Crypto Exchange; Signs Tech Deal With Gemini
Nasdaq Inc. is open to becoming a cryptocurrency exchange over time as the regulation smooths and the crypto space gets matured, its CEO Adena Friedman said. The exchange operator in the meantime has entered into crypto market with a recent technology collaboration with cryptocurrency exchange Gemini Trust Co., founded by Tyler and Cameron Winklevoss.
Winklevoss’ Gemini To Use Nasdaq Surveillance Software To Monitor Crypto Market
Gemini, the cryptocurrency exchange owned by internet entrepreneur twins Cameron and Tyler Winklevoss, partnered with Nasdaq stock exchange to deploy the latter’s market surveillance software to monitor the cryptocurrency marketplace. In a blog post on the crypto exchange website, Co-founder and President Cameron Winklevoss said Gemini will be implementing Nasdaq’s SMARTS Market Surveillance technology, which is considered the most widely deployed surveillance system in the world, over the coming months.
Digital Banking Firm Revolut Raises $250 Mln; Adds Ripple, Bitcoin Cash
Revolut, a British digital banking startup, announced that it has raised $250 million in the latest round of funding, giving it a valuation of $1.7 billion. The company further said Revolut Crypto will add two new currencies to the existing lineup, including Ripple and Bitcoin Cash, alongside the current Bitcoin, Litecoin and Ether.
Former PayPal CEO Bill Harris Says Bitcoin Is The Greatest Scam In History
Bill Harris, Co-founder and former CEO of Paypal, claims Bitcoin to be the greatest scam in history. Harris wrote his opinion on Bitcoin in report that was published on Recode. “In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen,” Harris said.
Philippines To Allow 10 Crypto Exchanges In Special Economic Zone
The Philippine government for the first time has granted permission to operate cryptocurrency exchanges in the country. Cagayan Economic Zone Authority (CEZA) is about to issue license to 10 platforms for Blockchain and cryptocurrency companies to operate in the exclusive Economic Zone to take advantage of tax perks while generating employment, Reuters reported.
Another Japanese Crypto Exchange Ordered To Improve
Japan’s financial regulator has urged a cryptocurrency exchange to step up consumer protection and improve their system security measures after an on-site inspection revealed inadequate standards. The Financial Services Agency (FSA) on Wednesday issued a business improvement order to Minnano Bitcoin, and urged the Tokyo-based company to submit an improvement plan by May 14.
Tutorial: Crypto Lexicon – FOMO
This is an abbreviation for the “fear of missing out”. Cryptocurrency traders get the FOMO when they see a coin’s price jump, but that is not in their portfolio.
As of 9.31 am ET on Friday, Bitcoin was up 4 percent at $9,193.89 and Ethereum was higher by 6.5 percent at $670.00 on Coinbase.
by Jyotsna V