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DAILY HEADLINES Good afternoon and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Some good news finally arrives for crypto investors as bitcoin prices slowly climb back into the green and sustain. BTC rose 3.21 percent to trade at $6,348.56 as of 12am today.

The rest of the market fared well too, with Ethereum rising 1.77 percent to trade at $323.39. Ripple increased 2.34 percent to go for $0.306127, while Litecoin jumped by 7.42 percent to sell for $60.68. Bitcoin suffered heavy losses in the last few weeks, dropping more than $1,000 in just under a week to see prices drop to the lowest point in six months. Is this the recovery needed to see bitcoin soar?

Bitcoin price LIVE: Crypto prices rally into the green but it may not be recovery

7.09pm UPDATE: Weiss Ratings Agrees XRP Should Be A Base Currency On Binance On the 10th of August, Ethereum World News ran a story as to why the XRP community wanted their favorite coin added as a base currency on Binance. One twitter user – @C3_Nik – specifically requested Biannce CEO, Changpeng Zao via the following words: "We would like to see # XRP as one of the base assets on @ Binance in order to move value much more quickly! Please do it @ cz_binance ! Let’s get some retweets to let them know." The following reasons were the basis of the XRP community requesting the Binance CEO to facilitate the addition of XRP as a base currency: It would help Binance for it is faster (3.3 seconds) and cheaper

A base currency of XRP would bring in more users to the exchange

XRP is the fastest digital asset to transfer funds between exchanges

Other exchanges are continually warming up to XRP as a base currency

XRP would attract the big money movers – also known as whales – who’d increase the trade volume of the exchange: a win-win situation

It is the natural and progressive thing to do given the popularity of XRP

BTC rose 3.21 percent to trade at $6,348.56 as of 12am today.

4.50pm UPDATE: Green floods the market as all major cryptocurrencies see small gains Most of the major cryptocurrencies have climbed back into the green as prices seem to stabilise. Bitcoin is up 3.33 percent to trade at $6,364.76. Ethereum is up 4.05 percent, while Ripple has climbed 2.49 percent. Litecoin has jumped 5.93 percent to trade for $59.93. 3.20pm UPDATE: Patent accepted for bitcoin transactions through text message Intuit has been granted a patent that describes a method whereby Bitcoin payments can be processed by using text messages. The patent was filed to the U.S. Patent Office on June 13, 2014. The application explained a system that would allow two users to complete their payments using their mobile phones. It would also include a “peer-to-peer virtual currency network” which would store the funds of both the users. "The method includes receiving, by a payment service from a payer mobile device of a payer, a payment text message comprising a payment amount and an identifier of a payee mobile device of a payee."

Bitcoin prices jump up slightly on the dayBitcoin prices jump up slightly on the day