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Cryptocurrency Daily Roundup - Oct. 9


Bitcoin and its peers are trading lower Tuesday morning, after attempting further gains on Monday.

In news, the International Monetary Fund warned that "Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system."

In its latest World Economic Outlook report, the lender cautioned that "cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services."

Overall cryptocurrency market capitalization was $218.76 billion and the Bitcoin dominance rate was 52.4 percent as of 10.23 am ET on CoinMarketCap.

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

Binance Delists Four Coins Following Review

Binance, the world's largest cryptocurrency exchange by market capitalization, decided to delist and cease trading on all trading pairs of four coins and tokens following a review. Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG) will be delisted from October 12, the exchange said. However, withdrawals of these coins and tokens from Binance will continue to be supported for another 30 days until November 12.

Dubai To Offer Blockchain-based Digital Payments Solution

Dubai is set to deploy a blockchain-based digital payments solution to enable citizens and residents to make digital payments for school fees, government utilities, bills, and in-store retail purchases. The solution will be deployed by Dubai's Credit Bureau emcredit, a state-backed subsidiary of the Dubai Department of Economic Development.

Australia Testing Blockchain For Disability Insurance Scheme

The Australian government is exploring the application of blockchain-based "smart money" to make it easier for citizens with disabilities to settle insurance payments. Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australian state-run research firm, said its digital innovation center "Data61" in collaboration with Commonwealth Bank (CBA) has developed an app to test the potential for blockchain technology to make payments for the National Disability Insurance Scheme (NDIS).

Lupus Foundation Of America To Accept Cryptocurrency Donations

US-based voluntary organization Lupus Foundation Of America said it started accepting donations in five cryptocurrencies - Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). The Foundation will accept cryptocurrency donations online and also at fundraising events such as the upcoming '2018 Night of Hope Gala' on November 10, at Mason Fine Art and Events in Atlanta, Georgia to raise funds for providing programs and services for the 55,000 Georgians living with lupus disease.

Current Prices

As of 10.24 am ET, Bitcoin was down 0.72 percent at $6,561.82 and Ethereum was lower by 0.85 percent at $225.60 on Coinbase.

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