Bitcoin rebounded strongly and is holding above $6,700 Monday morning. However, the top cryptocurrency and its peers are modestly in the red.
Overall cryptocurrency market capitalization was $273.86 billion as of 9.40 am ET.
Here is a wrap of the main cryptocurrency and blockchain news over the past few hours.
Bitcoin Trading in Chinese Yuan Less Than 1% of World Total
Bitcoin trading in the Chinese yuan or renminbi has fallen below 1 percent of the world total, the news agency Xinhua reported citing the country's central bank. That drop is from a peak of more than 90 percent. Read more...
Germany's SolarisBank Offers Special Services To Crypto, Blockchain Firms
Germany's Solarisbank is offering special banking services to cryptocurrency trading firms and companies who run their operations using blockchain technology solutions. The Berlin-based fintech company, which offers banking as a platform service with its banking license, has announced the launch of its newly featured resource called the "Blockchain Factory." Read more...
Philippines' Central Bank Approves Two New Crypto Exchanges
Philippines' central bank, Bangko Sentral ng Pilipinas or BSP, has accredited two new cryptocurrency exchanges. According to BSP Deputy Governor Chuchi Fonacier, the bank has approved applications filed by Virtual Currency Philippines and Etranss. With this, both platforms can convert Philippine pesos into virtual currencies like Bitcoin and Ethereum. Read more...
Huobi Launches Crypto Exchange In Australia
Singapore-based cryptocurrency exchange Huobi expanded its operations to Australia by launching its digital asset exchange there. It has partnered with the local blockchain and crypto industry leader Blockchain Global to offer digital asset services to the Australian investors. Read more...
Bitmex Founder Is Britain's First Bitcoin Billionaire
Ben Delo, the co-founder of cryptocurrency trading platform Bitmex, is Britain's first bitcon billionaire, according to British media. The 34-year-old Oxford graduate, who founded Bitmex in 2014 with Samuel Reed and Arthur Hayes, has also become the nation's youngest self-made billionaire. Read more...
Facebook Announces New Appointments In Blockchain Division
Facebook appointed senior engineer Evan Cheng as the Director of Engineering, blockchain. The LinkedIn profile of Cheng has moved from the position of director of engineering at Facebook to the position of Director of Engineering, Blockchain. For the past three years, he was responsible for heading Programming Languages & Runtimes at the company. Read more...
As of 9.59 am ET, Bitcoin was down 0.17 percent at $6,722.97 and Ethereum was lower by 1.14 percent at $481.59 on Coinbase.
by Jyotsna V