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Petro for Petrol, Karpeles' Guilt, Cotten's Ponzi, Frozen Bitmain + More News
12.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
The Venezuelan government says that 15% of fuel payments at petrol stations were made in petro (PTR) in...
Bitcoin Mining Difficulty Set for Highest Jump in Nine Months
12.6.2020
If everything goes as estimated, miners are about to experience the rise in Bitcoin (BTC) mining difficulty not seen since September last year, as more mining machines are back to work, increasing security of the network.
The next Bitcoin mining difficulty adjustment is expected to happen...
Belarusian Banks to Issue Digital Tokens in Central Bank Pilot
12.6.2020
Belarus’ central bank will allow 12 commercial and state-owned banks to launch tokens and conduct business using their digital offerings in an ambitious new pilot.
The central National Bank’s plans, per Sputnik Belarus, will involve a pilot that will run from January 1, 2021, to January 1, 2024...
Putin Urges Lawmakers to Hurry up Blockchain, Crypto Sandbox Progress
12.6.2020
Russian President Vladimir Putin wants his cabinet speed up the rollout of crypto and blockchain regulatory sandboxes to stave off economic recession – even if lawmakers continue to drag their feet over crypto legislation.
As reported, an industry insiders told Cryptonews.com that Russia’s latest...
Watch Q3 and Millennials Before Next Major Bitcoin Move – BitMEX CEO
12.6.2020
As bitcoin (BTC) is continuing to struggle with breaking through the USD 10,000 level, a large move “in either direction” is more likely in the second half of the year, according to Arthur Hayes, CEO of crypto derivatives exchange BitMEX. Which way it'll go depends also on millennials' decision...
Security Tokens Launching on Wanchain
12.6.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Wanchain is extremely delighted to announce a partnership with the French securities and software as a Service (SaaS) company Talium with the launch of the first Security Token Offering (STO) platform...
Indian Crypto Ban Allegedly Moves Forward, Industry Called to Action
12.6.2020
As previously warned by experts, India's fight for crypto wasn't over with the Supreme Court's overruling of the 2018 banking ban. The process of the possible crypto ban is allegedly still ongoing and industry players are being now called to "engage constructively."
India’s Ministry...
South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring
12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million.
Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...
Ethereum Transaction Fee Mystery Just Got More Mysterious
12.6.2020
Yet another abnormal ether transaction occurred on the Ethereum (ETH) blockchain for the third time. Now, someone transferred ETH 3,221 (USD 762,990) with a somewhat lower transaction fee of ETH 2,310 (USD 544,028).
The transaction occurred on the block 10247265, on June 11, 12:14 PM UTC time....
Bitcoin and Altcoins Turn Red, Upsides Likely To Remain Capped
12.6.2020
After multiple failures to clear the USD 9,850 and USD 10,000 resistance levels, bitcoin price reacted to the downside. BTC broke many important supports near USD 9,550 and declined close to 7%. It tested the USD 9,050 support zone and currently (9:20 UTC) correcting higher.
Similarly, most major...
Stock Sell-Off Eases While Bitcoin Follows Stocks Again
12.6.2020
After a day of heavy selling in both stocks and the crypto market yesterday, yet another rise in correlations between the stock market and bitcoin (BTC) has caught traders’ attention.
As of press time on Friday morning (08:33 UTC), bitcoin was down by 3% over the past 24 hours to trade at a price...
70% of Surveyed Chinese Companies Want to Spend Big on Blockchain
12.6.2020
Many Chinese companies that were betting big on blockchain technology prior to the outbreak of the coronavirus pandemic have lost none of their fervor for the technology – and some could even be keen to spend more on adoption in the post-COVID-19 world.
Per Xinhua, a survey of some 350 Chinese...
Blockchain-powered Cross-border Trade Pilot Claims Breakthrough
12.6.2020
A Chinese pilot zone specializing in free trade and blockchain technology claims to be enjoying blockchain-powered cross-border trade success – while the central government is now getting serious about blockchain-powered cross-border trade, and will draw up a list of “key blockchain...
Non-Monetary Bitcoin Use Cases: Virtual Power Plants & Digital Identities
11.6.2020
Visualization by Layer1. Bitcoin (BTC) is proving to be not only a monetary technology, as entrepreneurs find new applications in an increasing number of areas. This week, Brandon Arvanaghi, Layer1 Technologies Chief Security Officer (CSO), explained how Bitcoin is used to stabilize electrical...
Estonian Crypto Purge; BitPay Card; Three Arrows Hit Grayscale + More News
11.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Estonian regulators worried that crypto-related firms are using their local credentials to help commit fraud...
Russian Central Bank ‘on the Verge of’ Issuing Blockchain Mortgages
11.6.2020
Despite its disdain for all things cryptocurrency-related, Russia’s Central Bank has lost none of its enthusiasm for blockchain – and looks to be doubling down on the technology with its fast-expanding plans to issue digital, blockchain-powered mortgages.
The Central Bank, which has already issued...
Ripple Gets Ridiculed After XRP/BTC Breaks Below Key Level
11.6.2020
After disappointing long-time holders over the past couple of years, the XRP/BTC trading pair yesterday broke through yet another important support level, leading to Ripple – the company affiliated with XRP – being called out on Twitter by veteran chart analyst Peter Brandt.
While sharing a chart...
Bitcoin Users Could've Saved Half a Billion USD in Fees - Report
11.6.2020
Network fees must be paid, but what if you don’t have to pay as much? Bitcoin (BTC) users could've saved around half a billion USD in network fees had there been a full SegWit and batching adoption, according to Bitcoin startup Veriphi.
Per Veriphi’s latest report, almost half a million blocks...
Altcoins Rally as Coinbase Explores More New Assets for Listing
11.6.2020
As Coinbase sticks to its promise to add more digital assets on its trading platform, several tokens saw a spike in their prices following an announcement that the exchange is “exploring the addition” of 18 new digital assets on its exchange.
In alphabetical order, the assets Coinbase said it...
Bitcoin and Altcoins Start Showing Signs of Fresh Rally
11.6.2020
After a brief consolidation phase, bitcoin price spiked higher above the USD 9,850 resistance. However, BTC failed to clear the USD 10,000 resistance zone and it is currently retreating lower. If there is a downside break below USD 9,800, the price could trim gains and revisit USD 9,550.
Similarly...