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V20 Summit: FATF Puts Some Pressure off the Crypto Industry
28.6.2019
Tom Neylan, head of the Policy Development Group within the Secretariat of the FATF, at the V20 Summit. Source: Twitter, @TeanaTaylor
It seems that the Financial Action Task Force (FATF), a multi-government body, that scared the crypto industry with its new guidance, now tries to calm the companies...
Goldman Sachs Believes in Tokenization, May Follow JPMorgan - CEO
28.6.2019
David Solomon, CEO of Goldman Sachs. Major investment bank Goldman Sachs is exploring the concept of tokenization and may play a role in it, CEO David Solomon told French publication LesEchos.
Discussing fiat backed stablecoins, the CEO said that the bank believes in the potential of tokenization...
'Libra Will Destroy Stablecoins, Banks Will Become Dumb Warehouses'
28.6.2019
Facebook's Libra will destroy all stablecoins, turn commercial and central banks into 'a dumb regulated warehouse for digital fiat money' and will finally bring new Bitcoin users, the outspoken Co-founder and CEO of major crypto trading platform BitMEX, Arthur Hayes, wrote in his newsletter.
"I...
Bitcoin and Altcoins Still in the Red Zone
28.6.2019
Recently, bitcoin price started a major drop below the USD 12,500 and USD 12,000 support levels. BTC/USD even broke the USD 11,000 support and trimmed most its weekly gains. The recent decline was sharp and the price traded close to the USD 10,500 level. It is currently (08:00 UTC) correcting...
Kakao Blockchain Platform Unveils ‘USD 65bn’ Governance Council List
28.6.2019
South Korean companies – and the country’s government – are continuing to put their faith in the growth of blockchain technology.
The mainnet of Kakao Group’s blockchain platform Klaytn went live on June 27, in conjunction with 34 partner companies.
Per New Daily, Ground X, the Kakao subsidiary...
Columbia Embroiled in 'Fake' Crypto Story, Mexico Cautious over Libra
28.6.2019
Colombia’s former finance minister has hit out at what he says are “fake news” stories linking him to cryptocurrency investments.
The Colombian crypto-community had been galvanized by reports surrounding Mauricio Cárdenas – who served as the country’s finance minister from 2012 to 2018 – claiming...
SWIFT's Moves and EU Banks Target Ripple Business
27.6.2019
Ripple, a California-based blockchain startup focusing on the banking sector, may be about to see competition in their field heat up even more, as the incumbents in the payments industry are doing more to defend their piece of the pie.
According to a new report dubbed Payments: Looking to...
Bitcoin Gambling for Beginners
27.6.2019
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
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Bitcoin gambling today
As the public awareness regarding the cryptocurrency market and blockchain technology grows, people are becoming...
Huobi Expands to Turkey as Turks Flock to Crypto
27.6.2019
Singapore-based crypto exchange Huobi Global is “moving aggressively into the Turkish market,” with plans including “a fiat onramp for Turkish lira” by the end of the year.
The company plans to open a physical branch office somewhere in Turkey, which will include localized products and customer...
Bitcoin and Altcoins Start Strong Downside Correction
27.6.2019
Yesterday, there was a sharp rise in bitcoin price above the USD 13,000 resistance levels. BTC/USD traded to a new yearly high towards USD 13,800. However, an outage of Coinbase’s website and API triggered a nasty decline below the USD 13,000 support level. The price even broke the USD 12,000...
Hacker Steals XRP 9.3m and ADA 2.5m from Crypto Exchange Bitrue
27.6.2019
Source: iStock/D-Keine
At approximately 1:00am June 27 (GMT+8), a hacker accessed the personal funds of about 90 Bitrue users and stole XRP 9.3 million (USD 4 million) and ADA 2.5 million (USD 227,900), the Singaporean crypto exchange said.
"First of all, please let us assure you that this...
Crypto ATM Operator Adds Dai, Targets USD 690bn Remittance Market
27.6.2019
American crypto ATM operator Coinsource has announced that it will begin allowing customers to make Dai purchases from its machines as of this summer – ahead of a planned remittance service launch.
Per Reuters, Coinsource says it is set to “update all of its machines to allow customers to...
Crypto Volatility Jumps as Market Crash Coincides with Coinbase Outage
27.6.2019
Bitcoin (BTC) once again showed its volatility that coincided with an outage that lasted just under an hour at exchange platform Coinbase . (Updated on 13:21 UTC: updates throughout the entire text.)
BTC had been soaring at prices of over USD 13,800 on June 26 when an outage of Coinbase’s website...
Token Offerings Lag Behind 2018 Results, IEOs Accelerated
26.6.2019
During 250 token offerings in the first five months of 2019, or almost half a year, startups managed to raise only 17% of the total capital raised in 2018, a new report from PwC Strategy& and the Crypto Valley Association showed.
Moreover, 35% of the raised funds (USD 3.26 billion in total) belong...
Crypto Adoption: First Opera Wallet for iOS; PwC Starts Crypto Audits
26.6.2019
Another two good news reached the crypto industry, showing more examples of the ongoing adoption.
First, Opera Software launched their blockchain-ready Opera Touch web browser with a crypto wallet for iOS. Second, accountancy giant PricewaterhouseCoopers (PwC) has added cryptocurrency auditing...
Altcoins Crashing Against Bitcoin
26.6.2019
The market is not looking good for altcoins, including major tokens like ether (ETH), litecoin (LTC), XRP, and bitcoin cash (BCH). That’s the reality when measuring the returns of these coins in terms of bitcoin.
Out of the top 100 coins by market capitalization, only seven are in green in the past...
While Libra Partners in Doubt, Newcomers ‘Flooding’ the Project
26.6.2019
While Facebook's Libra project claims there is “a flood” of interest in it, at least several of its partners appear to be more cautious.
The new coin, which has made headlines ever since it was announced last week, is touting the strong line-up of 28 founding members who have signed up to work...
Bitcoin Targets USD 13,000, Altcoins May Gain Bullish Momentum
26.6.2019
In the past two sessions, there was a strong rise in bitcoin price above the USD 12,000 resistance level. BTC/USD gained more than 10% and even surpassed the USD 12,500 and USD 12,800 levels. It traded to a new 19-month high near USD 13,000, with a positive bias. Similarly, there was a strong...
Holidayers to Be Wooed by Crypto Giveaways, Investors - by Derivatives
26.6.2019
Online Bitcoin reward shopping app Lolli has partnered with travel site Hotels.com – adding to a list of travel partners that already includes hotel groups Hilton and Marriott, as well as sales sites Booking.com, Hotwire, AirBnB rival VRBO and Priceline.
Customers making purchases made via...
Parabolic Bitcoin Rally Prompts Warnings
26.6.2019
The most popular cryptocurrency, bitcoin continues its rally, surpassing the USD 12,000 and USD 13,000 marks, approaching USD 14,000 in one day and prompting analysts to warn investors. (Updated on 19:42 UTC with the latest market data.)
Moreover, bitcoin dominance, or the percentage of the total...