Cryptocurrency Daily Roundup – Aug. 16

Cryptocurrencies are mixed Thursday morning with Bitcoin in the red, while its close rival Ethereum is gaining.

As of 11.18 am ET, cryptocurrency market capitalization was $205.91 billion and the Bitcoin dominance rate was 53.2 percent on CoinMarketCap.

Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

Ethereum Classic Surges On News Of Coinbase Listing

Coinbase, a popular cryptocurrency exchange in the US, said Wednesday it will list Ethereum Classic on 5 PM Pacific Time on Thursday. Coinbase Consumer customers will be able to buy, sell, store and use Ethereum Classic (ETC) on the exchange and on the mobile app. As of 11.14 am ET, Ethereum Classic was up 16.04 percent at $13.99 on CoinMarketCap.

Barclays’ Hackathon For Designing Smarter Derivatives Market On Blockchain

British bank Barclays announced a two-day hackathon event dubbed the “2018 Barclays DerivHack” to find the best blockchain-based solutions to increase the efficiency of derivatives contracts processing. Barclays is partnering with Deloitte, International Swaps and Derivatives Association (ISDA), and Thomson Reuters to sponsor the event.

BMO, Ontario Teachers’ Trial Canadian Dollar Debt Issuance On Blockchain

BMO Capital Markets, the investment banking subsidiary of Canada’s Bank of Montreal, has partnered Canadian pension fund Ontario Teachers’ Pension Plan (OTPP) to launch a pilot fixed income issuance transaction on a blockchain platform.

AAIS Partners IBM To Launch Insurance Regulatory Reporting On Blockchain

The American Association of Insurance Services (AAIS) entered into a deal with IBM to launch the open Insurance Data Link (openIDL) on IBM Blockchain to automate insurance regulatory reporting. AAIS is a not-for-profit national insurance advisory organization in the U.S.

Current Prices

As of 11.16 am ET, Bitcoin was down 0.97 percent at $6,397.28 and Ethereum was lower by 0.30 percent at $293.00 on Coinbase.

by Jyotsna VRTTNews Staff Writer

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