Iran bans banks from using cryptocurrencies. Iran banned the use of Bitcoin and other cryptocurrencies by banks and financial institutions on Monday. Earlier this year, the country's telecoms minister Mohammad-Javad Azari Jahromi set up a team to create Iran's own cryptocurrency. While many see great potential in digital currencies as a way to overcome problems related to international sanctions, there are also fears that the technology could undermine the country's already weak banking system and exacerbate capital flight.
Bitcoin Cash tops $1,400 for the first time in ten days. Bitcoin Cash has topped $1,400 for the first time in ten weeks. The fourth-largest cryptocurrency on the market has more than doubled its price over the past 10 days in the run-up to a new hard fork expected on May 15. Bitcoin Cash has gained 77% over the past week, much more than any other cryptocurrency in the top ten.
$99M worth of Litecoin transfer made in a single trade session A huge Litecoin trade has been recently made in the cryptocurrency market, attracting big attention on Reddit. $99M worth of Litecoin was sent between two cryptocurrency wallets in a single trade on Thursday. The identity of the parties involved in the transaction is not known.
Goldman Sachs hires first head of digital asset markets Wall Street giant Goldman Sachs has hired former trader Justin Schmidt as the investment bank’s first head of digital asset markets. Rumors about Goldman’s strategy for crypto-related offerings have circulated since December after Bloomberg reported the bank is planning the launch of a crypto trading desk by the end of June. If Goldman does go ahead with a crypto desk, it will be the first major US bank to do so.
The total cryptocurrency market capitalization stands at $399 235 026 561
Reddit of the Day
Discussions of the news on Golden Gate Casio in Las Vegas accepting Bitcoins was one of the hot topic on Reddit.
For the full list of ongoing and expected ICOs click here.
By Siranush Ghazanchyan