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Cryptocurrency Daily Roundup - April 16

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

Blockchain Protocol To Stop Counterfeit Pharma Sales

Researchers of Portland State University or PSU in the United States developed a blockchain protocol to prevent counterfeit pharmaceuticals. PSU researcher Nirupama Bulusu together with PSU computer science doctoral student Naif Alzahrani published the blockchain protocol. In the protocol, blockchain would record transactions in a more secure way that would help curb fake pharmaceuticals by product checking and decentralization.

Binance To Delist Bitcoin SV For Failing To Meet Standards

Binance, the world's biggest bitcoin and cryptocurrency exchange by trading volume, said it would delist Bitcoin SV noting that it no longer meets the high level of standard the firm expects. In a statement, the exchange said it has decided to delist and cease trading on all trading pairs for the bitcoin SV on April 22, based on its most recent reviews. BSV is currently trading at $56.10, down 21.4 percent over a 24-hour trading period, according to Coinmarketcap, which tracks major cryptocurrencies.

France Passes Bill To Regulate Cryptocurrency, ICO

The French parliament adopted a financial sector bill that brings cryptocurrency service providers and Initial Coin Offering (ICO) under regulation. The French National Assembly adopted the PACTE draft Bill (Action Plan for Business Growth and Transformation) after its final reading last week. Once enacted, the law will establish a framework for fundraising via the issuance of virtual tokens and digital assets services providers.

Rakuten's Crypto Exchange Starts Registration For Opening New Accounts

Japanese e-commerce major Rakuten said account registrations for trading cryptocurrencies on the company's Rakuten Wallet are now open. The cryptocurrency exchange is expected to begin operations later in the month. The exchange services will be provided by Rakuten Wallet, Inc., a wholly-owned subsidiary of Rakuten, Inc. The registration is currently open for existing members of the Rakuten Bank, which is a part of the Rakuten group.

Current Prices

As of this writing, Bitcoin is down 2.60 percent or $134.30 at $5053.08 on Coinbase. Ethereum is declining 2.80 percent or $4.68 at $162.06.

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