Bitcoin and its peers remained in the red Tuesday morning, after the top cryptocurrency sank to a two-month low a day earlier. Market sentiment was hurt by the news of a hack at a South Korean crypto exchange and rising regulatory probe in the US.
Here is wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.
Cryptocurrency Mining Banned On Apple's IOS Devices
Apple's newly released App Store guidelines has a ban on cryptocurrency mining on both iOS devices including iPhones and iPads, and Mac. The company said apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. All these are characteristics of cryptocurrency mining.
Volkswagen & IOTA To Show Software Over-The-Air Proof Of Concept At CEBIT 2018
Volkswagen, the German car manufacturing giant, and the IOTA Foundation are set to demonstrate at CEBIT 2018 on Tuesday, a proof of concept of how the trusted transfer of software over-the-air to vehicles can be securely documented using the latter's Tangle distributed ledger . CEBIT 2018 is being held in Hannover Fairground, Germany, from June 11-15.
Postbank Survey Shows 1 In 3 Germans See Cryptos As Investment
German retail bank Postbank said a recent survey shows a total of 29 percent of German citizens see digital currencies as an interesting investment, despite the price declines and continuing volatility. This was revealed in a survey conducted on 3100 Germans for the Postbank Digital Study 2018 - The Digital German and the Money.
UK FCA Advises Banks On Handling Crypto Asset Risks
UK financial regulator has written to the heads of banking institutions in the country on how to handle and mitigate the financial crime risks posed by cryptocurrencies such as Bitcoin or Ether as well as related products. The Financial Conduct Authority (FCA) said there are many non-criminal motives for using crypto assets, but these also pose risks as it offers potential anonymity and the ability to move money between countries.
Irish Government Agency Launches Blockchain Initiative
Irish Blockchain Expert Group or IBEG, led by governmental agency IDA Ireland, has launched Blockchain Ireland, to help promote and share information on blockchain in the country. As per the website, the initiative is a combined effort of government and Irish based companies, with the objective to simplify the Irish blockchain landscape for businesses to launch their blockchain-related venture, or expand their existing .
As of 9.37 am ET on Tuesday, Bitcoin was down 0.43 percent at $6,735.88 and Ethereum was lower by 1.22 percent at $523.56 on Coinbase.
by Jyotsna V