Cryptocurrency Daily Roundup – Aug. 27

Bitcoin and its peers opened the week in green, extending their gains from Friday as sentiment was boosted by bullish predictions from some analysts and on expectations that the US watchdog may eventually grant approval for a Bitcoin exchange-traded-fund.

Overall cryptocurrency market capitalization was $217.56 billion and the Bitcoin dominance rate was 53.4 percent as of 10.48 am ET on CoinMarketCap.

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

IOTA Spikes After Fujitsu Calls It New Protocol Standard, Desktop Wallet Release

IOTA, which is reputed to be the next generation distributed ledger or blockchain, received some boost over the past few days that caused a spike in the price of native token MIOTA on Monday. The price of MIOTA climbed to over $0.62 on Monday from around $0.50 on Friday, as per data from CoinMarketCap. Read more…

Bitcoin Bull Tom Lee Still Thinks BTC Could Hit $25K This Year

Fundstrat’s Tom Lee, a prominent Bitcoin bull, still believes the price of the top cryptocurrency could hit $25,000 this year. In an interview on CNBC, he based his prediction on a correlation between the Bitcoin price and the trends in emerging markets.

MAS, SGX Partner Tech Firms To Develop Blockchain-based Settlement System

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) are developing a Delivery versus Payment (DvP) system for settlement of tokenized assets across different blockchain platforms. DvP is a settlement procedure where securities and money are simultaneously exchanged to ensure that delivery of securities occurs only if the corresponding payment is made. Read more…

FTC Warns On Bitcoin Blackmail Scam Targeting Men

The U.S. Federal Trade Commission (FTC) has warned about scammers who are targeting men with blackmail letters that demand payments in Bitcoin in exchange for keeping quiet about alleged affairs. The warning on the new scam targeting men was sent out by the FTC’s Division of Consumer and Business Education in an official blog post titled “How to avoid a Bitcoin blackmail scam.” Read more…

Current Prices

As of 10.48 am ET, Bitcoin was up 0.67 percent at $6,740.79 and Ethereum was higher by 0.83 percent at $277.22 on Coinbase.

by Jyotsna VRTTNews Staff Writer

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