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Cryptocurrency Daily Roundup - Oct. 19

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Cryptocurrencies, led by Bitcoin, are lower Friday morning, extending the weakness witnessed over the past two days, amid a lack of positive news for the market.

Overall cryptocurrency market capitalization was $207 billion and the Bitcoin dominance rate was 53.9 percent as of 8:34 am ET on CoinMarketCap.

Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

Binance Partners Chainalysis To Improve Regulatory Compliance

Binance, the world's largest cryptocurrency exchange by market capitalization, has entered into a deal with the New York-based software firm Chainalysis for improving regulatory compliance to prevent, detect and investigate cryptocurrency money laundering, fraud and compliance violations. Chainalysis has developed a new compliance software called Chainalysis KYT (Know Your Transaction) for the exchange which is a real-time transaction monitoring solution for cryptocurrencies to aid in detecting illicit transactions.

Crypto Exchange Huobi Lists Four US Dollar-backed Stablecoins

Major cryptocurrency exchange Huobi announced the listing of four US dollar backed stablecoins. In a statement, the world's fifth largest crypto exchange by trading volume said it will start accepting deposits of Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD). With this, Huobi follows OKEx, the second largest crypto exchange by trading volume, who recently announced the listing of the same four stablecoins.

Tech Icon Steve Wozniak To Be Co-founder Of Blockchain VC Firm EQUI Global

Tech giant Apple's co-founder Steve Wozniak was named the co-founder of blockchain-powered venture capital firm EQUI Global. He will work alongside serial investor and EQUI founder Doug Barrowman as well as entrepreneur and EQUI co-founder Baroness Michelle Mone OBE.

DMG Blockchain To Develop Supply Chain Management Platform For Cannabis

Canadian blockchain and cryptocurrency company DMG Blockchain Solutions is developing a global supply chain management platform for the legal cannabis industry. The platform will be deployed initially in Canada and to other countries later. DMG's cannabis supply chain solution will be developed in collaboration with its technology and finance partners. It is currently in discussions with cannabis industry players, including major licensed producers, quality assurance labs, retail distributors, and government regulators.

Current Prices

As of 08:35 am ET, Bitcoin was down 1.40 percent at $6,365.10 and Ethereum was lower by 1.86 percent at $198.97 on Coinbase.

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