Binance moves to offer fiat-crypto trading – June 7

Current Bitcoin Price: $7692 (as of 7:50 AM PST)

Yesterday was a great day for the market with coins across the board going up in price. Since then, the charts have flattened out a bit: while Bitcoin is up a further 1%, Ethereum, Bitcoin Cash, and Litecoin have seen almost no change in price over the last 24 hours.

Siacoin (SC, #33) is up by over 10%, while Nano — which is still recovering from this year’s BitGrail hack — is up just under 7%.

Top Bitcoin & Crypto News Stories for 7th June 2018

Binance moves to offer fiat-crypto trading

Binance is one of the major cryptocurrency exchanges, although to the disappointment of many it only offers crypto-crypto trading pairs.

Yesterday, Binance CEO Changpeng Zhao announced that the company had set up a bank account in Malta with plans to eventually offer fiat-crypto deposits and withdrawals.

Coinbase pushes to offer SEC-regulated securities

Whether cryptocurrencies themselves can be described as securities is a separate matter, but there are definitely some crypto-derived assets which are.

With that the case, anyone seeking to offer blockchain securities needs to be registered with the SEC, which — since yesterday — Coinbase is pending approval for.

Novogratz says institutional money is coming

Mike Novogratz is a seasoned investor — now CEO of Galaxy Digital Capital Management — who’s been a cryptocurrency proponent for years.

At the recent Bloomberg Invest Summit in New York, Novogratz says he thinks institutional money is getting ready to enter the crypto market, and that it will likely reach a combine market cap of $20 million.