Cryptocurrencies sunk deeper into red Friday morning, after it emerged that the Japanese financial market watchdog orders six cryptocurrency exchanges, including some of the biggest, to improve their internal controls.
Overall cryptocurrency market cap shrunk to $262.59 billion as of 9.31 am ET on Friday on CoinMarketCap.
Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Japan's Financial Market Watchdog Seeks Improvements At 6 Crypto Exchanges
Japan's Financial Services Agency said on Friday that six registered cryptocurrency exchanges, including the leading ones bitFlyer and Quoine, were asked to improve their screening measures, especially those concerning money laundering. The Nikkei Asian Review reported that it was unusual for the watchdog to simultaneously punish so many registered exchanges. Read more...
Bitcoin Gets Its First Reference By US Supreme Court
Bitcoin, the leading cryptocurrency, just got its first mention in a US Supreme Court opinion as a new type of medium of exchange or money. The reference came from the notably conservative source appeared in J. Breyer's dissent in Wisconsin Central Ltd. v. United States case, which is dealing with whether employee stock options count as any form of money remuneration and taxable. Read more...
Schiphol Becomes First European Airport To Install Crypto ATM
Amsterdam's Schiphol Airport has installed a cryptocurrency ATM that will help travelers exchange the leftover euros for cryptocurrencies such as Bitcoin and Ethereum. The Schiphol Airport claims itself to be the first European airport to install a Bitcoin ATM on a six-month trial to gauge the demand for such a service among passengers. The busy airport is the main international gateway of the Netherlands. Read more...
Spanish Bank BBVA Partners Energy Firm Repsol For Blockchain Project
Spanish bank Banco Bilbao Vizcaya Argentaria SA or BBVA, is in deal with energy firm Repsol SA to develop blockchain-based financial solutions in corporate banking. As a pilot project of the collaboration, the two companies have completed the first transaction to renew a credit line worth 325 million euros or $378 million, involving a revolving credit facility, using blockchain's distributed ledger technology (DLT). Read more...
EY, Microsoft Launch Blockchain Solution To Track Rights And Royalties
EY and Microsoft joined together to launch a blockchain solution for content rights and royalties management in the gaming industry. The move aims to streamline the costly and time-consuming processes, by reducing processing time and faster tracking of royalties. Microsoft and its game publisher partners will deploy the solution initially. Ubisoft, a Microsoft gaming partner, is testing the solution. Read more...
SEC Gets Emergency Court Order To Freeze Assets In ICO Fraud
The U.S. Securities and Exchange Commission (SEC) obtained an additional emergency court order to freeze the assets of PlexCorps owner Dominic Lacroix related to running a fraudulent Initial Coin Offering (ICO) that promised investors more than a 13-fold profit in less than a month. The ICO raised up to $15 million from thousands of investors between August and November 2017 by indulging in false promises on its whitepaper, webpages and social media accounts. Read more...
Current Prices
As of 9.29 am ET on Friday, Bitcoin was down 7.62 percent at $6,210 and Ethereum was lower by 12.47 percent at $466.01 on Coinbase.
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