Bitcoin topped the crucial $8,000 mark for the first time in two months on Wednesday, extending its strong gains from the past few days. Trading volumes also increased significantly.
Overall cryptocurrency market capitalization exceeded $300 billion for the first time since mid-April, data from CoinMarketCap showed.
The top cryptocurrency’s bull-run has rekindled hopes of a repeat of 2017’s rally that saw Bitcoin hit a record near $20,000.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Bitcoin Crosses $8,000 For First Time In 2 Months
Bitcoin has climbed back above $8,000 Tuesday, clocking a two-month high of $8146. The price of Bitcoin which has been fluctuating most of this year, had hit a seven-month low of $5,755 on June 24. Since then, the most popular cryptocurrency showed a steady recovery with a strong rally of more than $2000 within a month. Read more…
Survey Shows 38% South Africans Wished They Had Invested In Cryptos Earlier
A recent survey shows that thirty-eight percent of respondents in South Africa wished they had invested in cryptocurrencies earlier, and seventy-one percent agreed that a lot of money could be made with them. The survey was conducted through face-to-face interviews by independent research house Peppercorn Research from April 26 to May 26, 2018 on behalf of Pan-African financial services company Old Mutual Ltd. Read more…
US Confiscates Around 500 Bitcoins Held By Iranians
The U.S. government last year confiscated a significant number of bitcoins belonged to Iranians for unspecific reasons, Ibena news outlet reported citing the president of Iran’s Blockchain Association. The exact number of confiscated bitcoins is not clear, but it is estimated to be over 500 bitcoins worth approximately 25 billion tomans or $5.77 million. Read more…
Ernst & Young Buys New Technology To Provide Crypto Services
Accounting services firm Ernst & Young LLP has acquired certain technology assets and related patents of the Andy Crypto-Asset Accounting and Tax (CAAT) tool from San Francisco, California-based startup Elevated Consciousness, Inc. to boost its services for crypto assets such as Bitcoin. Read more…
London Police To Get Training To Handle Crypto Crimes
Police officers in London will be given training in bitcoin and other cryptocurrencies as part of the efforts to tighten the battle against money laundering and other related crimes. The City of London Police reportedly is piloting a course, which will start as soon as this autumn, for fraud investigators. Read more…
As of 9.48 am ET, Bitcoin was up 6.73 percent at $8,238.24 and Ethereum was higher by 3.56 percent at $478.43 on Coinbase.
by Jyotsna VRTTNews Staff Writer
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