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Inside money, markets, and Big Tech

This article was published on April 8, 2019

Moonday Mornings: Cryptocurrency market at 5-month high, Paxful under fire, and more

Banks are also on the blockchain

Moonday Mornings: Cryptocurrency market at 5-month high, Paxful under fire, and more
Matthew Beedham
Story by

Matthew Beedham

Editor, SHIFT by TNW

Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls. Matthew is the editor of SHIFT. He likes electric cars, and other things with wheels, wings, or hulls.

It’s Monday which means it’s time for a wrap-up of the weekends top cryptocurrency and blockchain headlines.

Here’s Moonday Mornings for you.

1. The United Global Resolve For Peace is petitioning the Central Bank of Nigeria after thousands of the country’s residents claim to have been “defrauded” out of millions of dollars earned from trading cryptocurrencies on exchange service Paxful, The Guardian, a local Nigerian outlet reports.

2. After last week’s cryptocurrency upheaval, total market capitalization now sits at over $180 billion reaching a new five-month high, according to CoinDesk.

3. South Korean lawmakers are calling for a deregulation of the blockchain industry. Claiming current regulations are heavy-handed over innovations, the Korea Herald reports.

4. San Francisco State University (SFSU) announced it has received a donation of $25 million worth of XRP from university alumnus and Ripple co-founder Chris Larson, SF State News reports. SFSU claims it’s the largest digital asset donation ever made to a US university.

5. Major banks, law firms, and real estate companies, including Barclays and Royal Bank of Scotland, are partnering to trial an R3-based blockchain to speed up property sales, reports the Business Times.

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