Alt coins are on the rise. Bitcoin approaches $ 8,600 while Tron soars 20% and Binance’s latest Initial Exchange Offering see over $600 million in volume in 24 hours. Now Tether is available on EOS blockchain as well. India and Netherlands are considering the ban of privacy coins juts as Taiwan has already done. 64% of ransomware money goes through crypto exchanges.

SPECIAL DAILY REPORT – 01 Jun 2019
  • Bitcoin Price Approaches $8,600 as Top Cryptos See Slight Gains

    CoinTelegraph    
    01 June 2019

    The second-largest altcoin, Ripple’s XRP, has a market cap of $18 billion at press time.CoinMarketCap data shows that ETH has also seen its value increase by about 1% over the last 24 hours.

  • Altcoin Crypto Rising As Tron (TRX) Soars 20% on BitTorrent News, Tease From Justin Sun

    The Daily Hodl    
    01 June 2019

    According to Tron, “A variant of the open-source InterPlanetary File System (IPFS) protocol, BTFS began testing internally in late May and is the first step in creating a distributed web platform powered by blockchain technology.” Says Justin Sun, founder of Tron and CEO of BitTorrent, “BTFS is a continuing step in our mission to create a decentralized internet that allows everyone to share in the wealth of web commerce.

  • This IEO Crypto Token is Up 800% After Binance DEX Launch

    Bitcoinist    
    01 June 2019

    Harmony Outperforms BNB Crypto Token Harmony (ONE), which constitutes Binance’s latest initial exchange offering (IEO), saw over $600 million in volume in the 24 hours to press time, according to data from CoinMarketCap. The token is the first to debut on both Binance’s regular platform and its newly-launched decentralized exchange, Binance DEX.

  • Tether Launches Stablecoin on EOS Blockchain

    Bitcoinist    
    01 June 2019

    An excerpt from the post reads: Following the widespread success of Tether across Omni and Ethereum, we are delighted to announce the addition of EOSIO to the list of blockchain networks now supported by Tether. Following the widespread success of Tether across Omni and Ethereum, we are delighted to announce our launch on EOS.

  • Crypto Markets Show Signs of Recovery, While Oil Prices Slump

    CoinTelegraph    
    01 June 2019

    Given that such nations as the Netherlands and India are considering a ban on anonymous crypto transactions – while others such as Taiwan have already banned them in recent months – indicates that the days of privacy coins could be numbered, at least as a 'mainstream' form of cryptocurrency that's widely traded.

  • Are Privacy Coins Being Driven to Extinction? Good Luck, Governments!

    Crypto News    
    01 June 2019

    Given that such nations as the Netherlands and India are considering a ban on anonymous crypto transactions – while others such as Taiwan have already banned them in recent months – indicates that the days of privacy coins could be numbered, at least as a 'mainstream' form of cryptocurrency that's widely traded.

  • Public Blockchains Will be a Productivity Revolution Says EY on Launching Zk-Snarks For Ethereum

    TrustNodes    
    01 June 2019

    Same symphony, same music, no conductor,” says Brody before further adding: “Everything that companies cannot do with Electronic Data Interchange (EDI), and all the things they want to do with web portals are possible with blockchain, without the danger of handing over strategic business information to a potential competitor.” To facilitate this potential Uber for enterprises, they have launched an open source set of code called Nightfall which uses zk-snarks to maintain privacy in ethereum blockchain interactions between businesses.

  • US, Japan Top Sources of Traffic to Crypto Exchanges Globally: Study

    CoinTelegraph    
    01 June 2019

    The United States is the top source of traffic to cryptocurrency exchanges globally, Cointelegraph Japan reported on June 1.The research was released by crypto news outlet The Block on May 31.

  • The Ripple Effect: XRP Payments Coming to Stores Via Banking Giant

    The Daily Hodl    
    01 June 2019

    The app is fully licensed by Japanese regulators and currently uses Ripple’s blockchain-based cross-border payment solution xCurrent to power instant remittances between 13 regional banks. The company built the first bank-owned crypto exchange, called VCTRADE, and recently announced it will work to bring institutional investors to the platform, which offers Bitcoin, Ethereum and XRP.

  • Does Kik Stand a Chance Against the Goliath of the SEC in a US Court?

    CoinTelegraph    
    01 June 2019

    It’s difficult to fight progress. Although, if you're the United States Securities and Exchange Commission (SEC), you can at least try, which could explain why the agency has so far refrained from producing clear and favorable cryptocurrency regulation. Since February 2018, the SEC has taken to consider all initial coin offerings (ICOs) as being securities.

  • Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

    CoinTelegraph    
    01 June 2019

    Chainalysis argued that this is because a hack often involves a large amount of money leaving a known exchange, often attracting high media publicity, and requiring that hackers conceal the flow of funds more robustly.By contrast, ransomware campaigns typically involve smaller discrete sums to multiple addresses and are ostensibly less publicized, thereby avoiding intense, immediate scrutiny.In addition to cash-out strategies, Chainalysis also identified a shift in the ransomware threat landscape.

  • Top 10 Blockchain App Ideas for Your Business

    The Daily Hodl    
    01 June 2019

    Blockchain applications will help in aiding these issues by offering a distributed database providing centralized control over shared resources and encryption controls via public-private keys for access to content and distribution management for assets and digital rights. Blockchain applications can resolve this ambiguity through Ethereum wallet apps that run on a decentralized platform without the need of intermediaries or third-party involvement.

  • Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

    CoinTelegraph    
    01 June 2019

    News The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31.Project Sand Dollar is an initiative to tokenize the Central Bank of the Bahamas’ (CBOB) fiat currency as a central bank digital currency (CBDC), which is supposed to launch in the Bahamian district Exuma this year.Joe discussed how he thinks participation from local banks, small and medium-sized enterprises, and entrepreneurs in CBDC implementation will be crucial to the budding token’s adoption.

  • G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments

    CoinTelegraph    
    01 June 2019

    News G20’s international watchdog, the Switzerland-based Financial Stability Board (FSB), said in its latest report that regulators need to improve their risk assessment strategies regarding financial activity in the crypto space, according to a report by Reuters on May 31.The report noted that one potential risk assessment metric regulators could look at is banks’ and other financial entities’ degree of exposure to cryptocurrency.

  • WEF Head of Blockchain Sheila Warren: ‘This Tech Can Solve the Trust Crisis’

    CoinTelegraph    
    01 June 2019

    Warren made her comments during an interview with Cointelegraph on May 31.During the interview, Warren claimed that public trust towards governments, banks, media and institutions, namely in the U.S., is “rapidly eroding.” She then noted that she thinks that blockchain, if used correctly, can be a solution to this problem:“This technology could provide access to information that could enable third parties or other groups to actually come in and conduct audits of what is happening.