Cryptocurrency Daily Roundup - March.7

Cryptocurrency Daily Roundup - March.7

Here is a quick look at some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

Massive drop in major exchanges’ Bitcoin trading volume

A new report by research publication Diar shows that with prices down in recent months, Bitcoin trading volumes across major cryptocurrency exchanges have hit new lows. Bitcoin traded volume witnessed a significant 55 percent drop in January and February of this year, compared with the corresponding period in 2018. Still, traded volume in terms of Bitcoins remains higher than that seen in 2017.

Cryptocurrency a great idea, but world not ready for it: Kaspersky

Russian cybersecurity expert Eugene Kaspersky says cryptocurrency is a great idea, but it will not be successful unless freed from government control. “Cryptocurrencies are a great idea, but the world is not ready for them yet. The world must be united if we want to have encrypted currencies. At the moment, governments will want to control them,” the CEO of cybersecurity firm Kaspersky Lab told Arabian Business in an interview.

Global Blockchain Spending to grow significantly : IDC

Global spending on blockchain solutions is expected to be nearly $2.9 billion in 2019, and $12.4 billion in 2022, a significant growth in three years, according to a report by the International Data Corp. or IDC. The financial sector and the United States will lead the sector wise and region wise spending, respectively, the study noted. In 2019, the financial sector, including banking, securities and investment services, and insurance industries, are expected to invest more than $1.1 billion in blockchain solutions.

SWIFT joins with major banks, SGX to trial Blockchain-Based E-Voting

The Society for Worldwide Interbank Financial Telecommunication or SWIFT is teaming with major financial institutions to conduct a proof-of-concept or PoC on shareholder e-Voting, using blockchain technology. In a statement, SWIFT, a financial messaging network, said the PoC will be conducted in the Asia Pacific region. It will be done along with securities software provider SLIB, the Singapore Exchange as well as major banks including Deutsche Bank, DBS, HSBC and Standard Chartered Bank.

Current Prices

As of this writing, Bitcoin is gaining 0.62 percent or $23.71 at $3852.50 on Coinbase. Ethereum is down 0.21 percent or $0.29 at $136.14.

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