Cryptocurrencies Market Overview - April 24, 2018

Today in the news:

• Bitcoin has climbed to a 40-day high above $9,300.
• Japan is about to get a self-regulatory body for its cryptocurrency exchange industry.
• Around one in five institutional financial firms have plans to start buying and selling digital tokens within the next 12 months, according to a new survey by Thomson Reuters.
• Walmart is getting ready to use a blockchain for its food business.
• And more crypto news below...

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Latest Crypto News - April 24, 2018

Bitcoin rallies to a more than one month high near $9,300

Bitcoin surged to its highest level in over a month Tuesday, continuing its post-Tax Day rebound. The cryptocurrency traded at a high of $9,293.66 on Tuesday morning, according to CoinDesk data, which tracks the price of bitcoin across a number of exchanges. It was the highest price for bitcoin since March 14.
_{Read more: www.cnbc.com}

Japan’s 16 Licensed Cryptocurrency Exchanges Launch Self-Regulatory Body

A concentrated effort among 16 licensed Japanese cryptocurrency exchange operators to ‘restore confidence’ in the sector following the $530 million Coincheck theft in January has finally seen the launch of a self-regulatory body.
_{Read more: www.ccn.com}

More sources:

• 16 Regulated Crypto Exchanges Unveil Plans to Restore Public Trust in Japan
• Japan Finally Gets Self-Regulatory Body For Cryptocurrency Exchanges
• 16 Exchanges Pledge to Restore Crypto Market Confidence

Bitcoin Cash Proponents Prepare for the Largest Block Size Increase Ever

In a little more than three weeks time the Bitcoin (BCH) network will hard fork by upgrading its block size to 32MB and incorporate additional functionalities to the protocol. Currently, the entire community is steadily preparing for the consensus change as development teams release new code, while users and infrastructure providers upgrade their full node implementations.
_{Read more: news.bitcoin.com}

Tim Draper Says Bitcoin Is Bigger Than The Industrial Revolution In Debate With Skeptics

American venture capital investor and Blockchain industry influencer Tim Draper claimed that Bitcoin (BTC) is “bigger than the internet,” and several other major developments in human history, during the Intelligence Squared US debate in New York City this Saturday.
_{Read more: cointelegraph.com}

More sources:

• Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined

Kyber Network and My Ether Wallet Launch Decentralized Instant Token Exchange

Ether holders will now have the ability to exchange their ETH for popular ERC20 tokens by utilizing a new token-swap feature launched by MEW, the first Ethereum wallet provider, and Kyber Network, the first decentralized, on-chain exchange platform.
_{Read more: coinjournal.net}

Reuters Survey: At Least 56 Finance Firms Will Enter Crypto In Next 6 Months

Twenty percent of financial firms want to “start buying and selling digital tokens” in 2018, Quartz reports Monday, April 23. According to a range of over 400 undisclosed businesses surveyed by Thomson Reuters, one in every five “have plans” to begin direct contact with cryptocurrency assets in the next 12 months.
_{Read more: cointelegraph.com}

More sources:

• One in five big financial institutions are getting ready to trade crypto
• 1 in 5 Financial Institutions Exploring Crypto Trading, Survey Finds

California Bill Would Legally Recognize Blockchain Stocks

California could become the next U.S. state that allows companies to store data - including information about stockholders - on a blockchain.
_{Read more: www.coindesk.com}

More sources:

• California State Senator Promotes Blockchain Bill For Recording Stock Information

Goldman Sachs Hires Crypto Trader As VP Of Digital Assets ‘In Response To Client Interest’

Goldman Sachs has hired crypto trader Justin Schmidt as vice president of digital asset markets of their securities division in order to help clients navigate cryptocurrencies, Bloomberg reports today, April 23.
_{Read more: cointelegraph.com}

More sources:

• Goldman Sachs Hires Crypto Trader Justin Schmidt to Lead Digital Assets (Bloomberg)

Walmart Is Getting Suppliers to Put Food on the Blockchain

Walmart Inc. is getting suppliers to put food on the blockchain to help reduce waste, better manage contamination cases and improve transparency. The retailer, which started running tests with International Business Machines Corp.’s blockchain platform in 2016, is ready to use the technology on its live food business, according to Frank Yiannas, vice president of food safety and health.
_{Read more: www.bloomberg.com}

More sources:

• Walmart Is Ready To Use Blockchain For Its Live Food Business

Korea's SK Telecom to Build Blockchain for Identity and Asset Exchange

South Korea's SK Telecom is reportedly launching a blockchain-based platform for authenticating customers' identities within the year.

_{Read more: www.coindesk.com}

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