Top cryptocurrency news on October 16: Major stories on Bitcoin ETFs, Square Inc and more

© Akanksha Sarma Top cryptocurrency news on October 16: Major stories on Bitcoin ETFs, Square Inc and more

Market BuzzBitcoin over $61,000

Bitcoin’s price is currently $61,348 and its dominance is currently 46.60 percent, an increase of 1.15 percent over the day. Read more here.

Top NewsUS Treasury puts crypto industry on notice over rising ransomware attacks

Suspected ransomware payments totaling $590 million were made in the first six months of this year, more than the $416 million reported for the whole of 2020, U.S. authorities said on Friday, as Washington put the cryptocurrency industry on alert about its role in combating ransomware attacks, Reuters reported.

Big NewsUS SEC likely to allow Bitcoin futures ETF to begin trading next week

The United States’ Securities and Exchange Commission (SEC) is likely to allow the first Bitcoin futures exchange-traded fund (ETF) to begin trading next week, sources told Bloomberg. Read more here.

In the NewsSquare CEO Dorsey says looking to build a bitcoin mining system

Square Inc Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses, Reuters reported.

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