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Bitcoin Is now the 8th Largest Currency in the World

Bitcoin has overtaken the Russian Ruble and the Korean Won to become the eighth largest currency in the world by monetary base.  Bitcoin Exceeds Korea’s Monetary Base According to a chart released June 18, 2019, from Crypto Voices, bitcoin is… Continue Reading →

BNP Paribas and Octopus Ventures Lead $16.5 Million Funding Round for Token Stablecoin Banking Startup

Opera Tech Ventures, a subsidiary of BNP Paribas, and Octopus Ventures have led a $16.5 million funding round for Token, a stablecoin open banking platform. Token becomes the latest entrant in the expanding field of digital payment solutions utilizing elements… Continue Reading →

Metlife Chooses Ethereum Blockchain to Disrupt the $2.7 Trillion Life Insurance Industry

According to a Forbes article published on June 19, 2019, insurance giant Metlife is considering leveraging the Ethereum blockchain to disrupt the $2.7 trillion life insurance industry. Simplifying Life Insurance The insurance industry is ill-reputed for its excessive paperwork and… Continue Reading →

Facebook’s Libra Cryptocurrency May not Launch in India

Facebook’s newly-unveiled cryptocurrency, Libra, will not be launched in India due to the country’s strict anti-crypto regulations, a person close to the matter told The Economic Times, June 20, 2019. India Says “No” to Libra Touted as the crypto industry’s… Continue Reading →

YouNow Live Video Streaming Startup Launches Native Cryptocurrency  

YouNow, a U.S.-based live video streaming company with more than 47 million registered users, has completed a Regulation A+ filing with the United States Securities and Exchange Commission (SEC) to enable it to distribute its newly launched Props token to… Continue Reading →

Bitcoin and Ether Market Update: June 20, 2019

The total crypto market cap added $8 billion to its value since June 17, 2019, and moved up to $289.1 billion. The top ten coins are mostly in the green for the last 24 hours with some holding flat for… Continue Reading →

U.S. Deptartment Of Justice Looks to Extradite Alleged Bitcoin Scammer

In a press release issued on June 19, 2019, the United States Department of Justice (DoJ) unsealed a complaint against a Swedish citizen named Roger Nils-Jonas Karlsson and his company, Eastern Metal Securities (EMS), for orchestrating a multi-million dollar investment… Continue Reading →

Japan’s FSA Set to Approve Line’s BitMax Crypto Exchange

Line Corporation, the firm in charge of Japan’s largest messaging app, Line Messenger, is set to be approved for its BitMax bitcoin exchange from the Financial Services Agency (FSA), reports Bloomberg on June 20, 2019. Line’s BitMax Awaits FSA Nod… Continue Reading →

PwC Updates Halo Suite to Audit Cryptocurrency Transactions

The Big Four consulting firm PricewaterhouseCoopers (PwC), revealed via a press release published June 19, 2019, the addition of a tool to its Halo Suite that would be used to audit cryptocurrency transactions. Per the report, the new software tools presently… Continue Reading →

Ethereum Made Easy with Cloudflare’s Ethereum Gateway

In a blog post on June 19, 2019, Jonathan Hoyland described the launch of Cloudflare’s Ethereum Gateway. The service is provisioned similarly to the existing Cloudflare “Inter-Planetary File System” (IPFS) format wherein websites can be hosted without the need for… Continue Reading →

EOS Block Producer Purchases Voice.com Domain for $30 Million

As part of its broader plans to make its decentralized social media platform Voice hugely successful, EOS block producer, Block.one has purchased the Voice.com domain name from MicroStrategy for a whopping $30 million, according to a filing published by the… Continue Reading →

Facebook’s Entry into Cryptocurrency Could Make the Market Soar

Facebook Cryptocurrency In it’s effort for world dominance, Facebook, Inc. (NASDAQ:FB) is now going to add a new crypotcurrency, the Libra, to its company. This means that the social media giant is now officially looking to become a world bank… Continue Reading →

Russian Hackers May Be Responsible for Coincheck Heist

Investigators looking into the more than half a billion dollar Coincheck heist of 2018 have revealed that Russian hackers may have been responsible for the attack. Reports indicate that two malicious malware written in Russian, “mokes and “netwire,” have been… Continue Reading →

European Commercial Paper (ECP) on Blockchain Thanks to Banco Santander and EY

The Belgian company Euroclear has announced the development of a blockchain project for the issuance of European Commercial Paper (ECP). The proposed solution is a collaboration between the European Investment Bank (EIB), Euroclear, Banco Santander, and EY.  Bringing more Transparency… Continue Reading →

Ripe.io and R3 Team up to Digitize the Food Supply Chain

Ripe.io, a food tech startup, announced on June 19, 2019, that it would use R3’s Corda Enterprise blockchain solution to enhance transparency and trust in food and agriculture supply chains. The platform will rely on the cloud computing service, Microsoft… Continue Reading →

Congress Representative Wants Facebook to Put a Hold on Cryptocurrency Plans

American Democratic Representative Maxine Water wants Facebook to temporarily put off all implementation plans for its cryptocurrency until Congress investigates it for potential risks, as reported by The Verge, June 18, 2019. Troubles Begin for Libra Less than a day after… Continue Reading →

Smart Contract Platform Zilliqa (ZIL) Partners with Singaporean Payments Startup Xfers

Public blockchain platform Zilliqa (ZIL) has partnered with Singapore-based payments provider Xfers to explore the use of blockchain-based solutions in the digital payments space in Southeast Asia. This, according to a report by The Business Times, June 19, 2019. Making… Continue Reading →

Cryptocurrency Exchange Bancor Restrics U.S.-Based Investors from Trading on Its DEX

In a blog post published on June 18, 2019, decentralized exchange (DEX) Bancor announced that from July 8, 2019, its U.S.-based users will no longer be able to use the exchange to trade digital currencies. Unclear Regulations to Blame The… Continue Reading →

Litecoin Foundation to Launch Crypto Debit Card in Three-Way Partnership

In a blog post published on June 18, 2019, the Litecoin Foundation announced that it had partnered with cryptocurrency exchange Bibox and blockchain startup Ternio to release a special edition crypto-enabled debit card called Litecoin BlockCard. Aim to Ease Spending… Continue Reading →

FINRA and SEC Frustrating U.S Crypto Startups

The Financial Industry Regulatory Authority (FINRA), a non-governmental and self-regulatory organization (SRO) in charge of regulating member brokerage firms, has been reluctant to approve the application of nearly 40 firms looking to offer crypto-related services in the region. Some insider… Continue Reading →

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