CRYPTO HEADLINES — April 24, 2018
1. Bitcoin Value Is On The Verge Of Another ‘Price Explosion’
Bitcoin is primed for another “price explosion” that could see the cryptocurrency’s value soar to even greater levels than it experienced in 2017, according to analysts. The price predictions come amid significant gains across cryptocurrency markets in recent weeks that have seen bitcoin rise by more than a third in value to return above $9,000 for the first time since March. Read more at Independent.
2. One in 5 finance firms are considering trading cryptocurrencies
A fifth of finance firms are considering getting into cryptocurrency trading within the next year, according to an industry poll by Thomson Reuters. A survey of over 400 Reuters clients found that one in five is considering getting into crypto, with the majority weighing a push into the market within the next six months. Read more at BusinessInsider.
3. 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. In a report by Japanese news outlet Asahi Shimbun on Tuesday, sixteen cryptocurrency exchanges currently registered and licensed by the Financial Services Agency (FSA), the country’s financial regulator, have launched a self-regulating body that will be known as the ‘Japanese Cryptocurrency Exchange Association’. Read more at CCN.
