Bitfinex CTO, Paolo Ardoino, explains that of the $150 million USDT just mined by Tether on Ethereum’s blockchain is actually held in a treasury wallet. They have not yet issued them. These tokens follow the protocol ERC20 USDT and can be exchanged for any cryptocurrency, including Bitcoin. Japanese exchange Liquid will hold a public sale of the new Telegram’s crypto called Gram. The New York Stock Exchange and Nasdaq will avoid listing IPOs that use the lower accounting and disclosures requirements allowed in Reg A+.
Markets and Currencies
Berkshire Hathaway is a multinational conglomerate holding company which is owned by one of the most popular and richest investors alive: Warren Buffett, who is publicly and vocally against cryptocurrencies. The company increased its stock price of 997,900 percent since Buffet took over in 1964. When we look at Bitcoin and at its first recorded price we see a 720,000,000% increase over a decade.
The Offshore RMB Futures trades Chinese currency at the international level and it shows a remarkably similar trend to the growth and fall of cryptocurrencies. When Bitcoin's price dived in November 2018, so did the offshore renminbi futures market a month later. Now that cryptos are going strong again, so do the Offshore RMB Futures.
Last month, Bitcoin (BTC) trading platform SFOX released a report on the volatility of the cryptocurrency market. They found that the crypto increases in value when traditional markets suffer and viceversa.
Last month, the SFOX Volatility Report commented that anticipated SEC responses around the two Bitcoin ETF proposals − the Bitwise proposal and the VanEck proposal − could potentially impact the market, as ETF news had done in the past.
com/tWj9MzwAug— Mati Greenspan (@MatiGreenspan) 10 June 2019Meanwhile, not everybody is optimistic about LTC's imminent future, believing that, as the price is already rising two months prior to the halving, it might not be sustainable and may drop before the event itself, with some possibly dumping their coins.1D $LTCRW + bear divdeath looking imminentsupport near 55-70article on Chikun coming later this week for @bravenewcoin pic.
Bitcoin Whale Moves $19.7 Million in BTC to Crypto Exchange Huobi – Plus Ripple and XRP, Ethereum, Stellar, Cardano, VeChainThe Daily Hodl
However, the single biggest transfer came from one whale who moved $19.7 million in BTC onto the crypto exchange Huobi, indicating the trader in question may be looking to sell some of their assets.
This event is important because every time Tether issues USDT and sends it to the cryptocurrency exchange Bitfinex, we see an increase in the price of Bitcoin; as these tokens are apparently used to buy BTC.
Bitfinex CTO, Paolo Ardoino, explains that of the $150 million USDT just mined by Tether on Ethereum's blockchain are actually held in a treasury wallet. They have not yet been issued. These tokens were created following the protocol ERC20 USDT and can be exchanged for any cryptocurrency, incuding Bitcoin.
After interviewing over 100 institutional customers, including hedge funds, broker-dealers, exchanges, and banks, we concluded that the current process is slow and highly susceptible to cyber attacks and human errors."Lastly, Shaulov claims that his startup created a platform which "secures the process and simplifies the movement of funds into one or two steps."As Cointelegraph reported yesterday, cryptocurrency wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users' funds.
News Liquid's intention to sell encrypted messenger Telegram's token, gram, is not connected to the company, a source close to Telegram told Cointelegraph in private comments on June 11. According to the document, the purchaser is also restricted from entering into a swap or agreement that transfers the ownership of an investment contract in gram tokens, in whole or in part.
Japanese crypto trading platform Liquid has announced that it will hold a public sale of Telegram Open Network's (TON) digital token – Gram. To list the token, the platform has entered into a partnership with Gram Asia, the largest holder of the native token of TON blockchain in Asia.
The platform states, "Grams will be minted and delivered to customers' wallets […] following the TON mainnet launch planned for October 2019."Some in the crypto-community have expressed surprise that Telegram itself, or its CEO Pavel Durov, have made no announcements about the pre-sale.
Nasdaq Unveils New Cryptocurrency Pricing Product for World’s Top Hedge Funds, Asset Managers and Investment BanksThe Daily Hodl
The Nasdaq/CryptoCompare Aggregate Crypto Reference Prices allows institutional investors to monitor the most liquid digital assets in the cryptocurrency markets by offering minute-by-minute pricing data.
FRNT Financial Inc ('FRNT'), an institutionally focused fiat-settled cryptocurrency derivatives platform, have agreed to terms in a financing round lead by entrepreneur Calvin Ayre, founder of Ayre Group, CoinGeek and a major supporter of Bitcoin SV (BSV). CoinGeek founder Calvin Ayre commented: "Bitcoin SV is the only blockchain project massively scaling to support the needs of financial institutions and major global enterprises.
"Google's June 2019 Core Update rolled out on June 3th 2019 and CCN's traffic from Google searches dropped more than 71% on mobile overnight," Jonas Borchgrevink, CCN's founder said, adding: "Our daily revenue is down by more than 90%." Meaning this site, which has been running since 2013, was heavily reliant on Google traffic, expanding to 60 employees.
Miners and Mining
Recently, Coinmine added Grin mining on their device and they're planing to add the HNS coin, the native token of Handshake, an experimental, decentralized peer-to-peer root DNS, and "a few others this year.""When we added Grin, a double digits percent of our users started mining it immediately," Nivi said, adding that Coinmine will share more data about the company's results over time.
Iran's Deputy Energy Minister Homayoun Haeri is pushing for cryptocurrency miners to pay power bills at rates equivalent to those charged for electricity exports, per the report. Crypto miners would no longer be allowed to pay a subsidized price for electricity like most Iranian citizens. Subsidized energy costs can be a significant motivator for bitcoin mining operations.
Exchanges, Trading Platforms and Payment Systems
Beaxy is a trading platform that just started operating. It is registered in Saint Kitties and Navas and will offer its services in 185 countries including the USA. They have the purpose of prioritizing ease of use, cybersecurity, compliance with regulatory guidance, and functionality. Only 43 states within the US will be served initially.
BitMEX is a cryptocurrency exchange and derivative trading platform. Its new terminal function provides the data that which runs through the API, but it will also allow new institutional traders to use the traditional trading platforms they already utilize currently.
Separately, in May, Beaxy CEO Artak Hamazaspyan had uploaded a statement to Twitter confirming that the exchange had been hacked on May 22. For example, we were also attacked the day we opened beta."Despite the technical hiccups in May, Beaxy's CEO, Artak Hamazaspyan, said:"I couldn't be happier with the product this incredible team has built.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi provided a preliminary approval to Arabian Bourse (ABX) that will be able to establish, operate, and regulate a crypto asset exchange and custodian in the United Arab Emirates (UAE).
PARSIQ’s new blockchain monitoring platform brings additional security and stability to exchanges and stablecoinsCrypto News Review
Block explorer are still not as evolved as they should be. PARSIQ is creating a new blockchain monitoring and intelligence exploring platform. It should allow the automation and the deep analysis features which will be needed to perform monitoring of any blockchain on a vast scale and in realtime.
Crypto-Jacking: Still a Common Problem It was recently announced that malware has been slipped into Oracle by hackers, so they can grab Monero from unbeknownst users' computers. Going by the name "Black Squid," the malware works similarly to the kind attacking Oracle servers, and overtakes one's entire computer network to mine cryptocurrencies like Monero.
Ripple is reporting a record-breaking burst in the number of transactions on RippleNet, the network of banks and financial institutions that use the company's suite of cross-border payment solutions. And it's tapping into that liquidity that exists in the marketplace." Ripple says more than a dozen financial institutions are already using its technology in Brazil, including Santander, BeeTech Global and Banco Rendimento.
According to a report published on Tuesday afternoon by BusinessKorea, KB Kookmin Bank has signed an agreement with cryptocurrency firm Atomrigs Lab. Discover the Barcelona Trading Conference – A Top Tier Crypto Trading Event Also based in South Korea, Atomrigs works on blockchain technology designed for the financial services industry.
Discover the Barcelona Trading Conference – A Top Tier Crypto Trading Event "By creating a solution that facilitates direct, bank to bank transactions, we are eliminating friction associated with key industry pain points." Visa first announced the B2B Connect project back in mid-2016 when it revealed it would be working with Chain, a blockchain technology company, to create a payments system.
News Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomics Lab to jointly explore digital asset management and protection solutions. The two firms will further cooperate on developing digital asset management services that harness both Atomics Lab's technology and KB Kookmin Bank's internal control infrastructure and data protection technologies, the report notes.
Microsoft will make the new blockchain tools available to PowerApps and Microsoft Flow users. By combining the PowerApps platform blockchain tools and the new AI Builder tool, the company will make it very easy and convenient for business owners to "add a layer of intelligence" to their business applications.
Scams, Frauds, Hacks and Law Enforcement
The beloved X-Men star is the latest celebrity whose image is being fraudulently used by crypto scams to lure investors. The scam site quotes Jackman as saying: "What's made me successful is jumping into new opportunities quickly- without any hesitation. The scammers redirected the users to two sites; Bitcoin Revolution and Bitcoin Evolution.
News Hong Kong-based peer-to-peer (P2P) cryptocurrency exchange BitMEX has reported an influx of attacks on user account credentials, according to an official blog post on June 11. BitMEX concurred that 2FA is the best way to prevent such attacks, and is considering making 2FA authentication mandatory on its platform.
We believe that cryptocurrencies created on open blockchains such as bitcoins, ethers, and others are illegitimate tools."He expects interest in cryptos to pick up quite a bit if SegWitCoin BTC is ever able to figure out how to handle faster transactions.
Simon Liu worked for Zerocoin, now known as the Electric Coin Company, and additionally claims the company was not legally permitted to offer the equity."Plaintiff is informed and believes, and thereon alleges, that Zerocoin did not have the authorization to issue common stock to employees in 2016, and that Defendants, and each of them, were aware that Zerocoin did not have such an authorization," the document reads.
Also, it added that in a letter to revenue secretary Ajay Bhushan Pandey, Corporate Affairs Secretary Injeti Srinivas allegedly writes: "Till the time Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019 is implemented, the government must send a strong signal to culprits, and protect the interest of investors." The main worry here is that various fraudulent cryptocurrency trading schemes "may take advantage of gaps in regulatory frameworks to cheat investors, and strict action needs to be taken against them," stands in the article.
Now, Nasdaq Inc. and the New York Stock Exchange (NYSE) are reportedly shying away from IPOs conducted by companies using Reg A+, a provision that allows firms to have lower accounting and disclosure standards than conventional offerings.
Blockchain Technology Adoption
The official statement issued so far comes from Mike Kayamori, the CEO of Liquid, saying: We are excited to be partnering with Gram Asia to launch the Gram token sale, which is wonderful news to our community who are native users of Telegram.
News The research organization Data Foundation and IT firm Booz Allen Hamilton have published a report with five proposed questions to guide the United States federal government on where and how to implement blockchain initiatives.
"I'm proud that Target will support the Hyperledger Grid project, and that we're committing dedicated engineering resources to build out components in the Grid architecture."Several companies across the globe have been using blockchain technology as a means to track their supply chain.
The "1-1-1" car, the first and only to be issued, was auctioned off in advance for the release of blockchain racing game F1 Delta Time.
Crypto Challenger: Visa Aims to ‘Transform Cross-Border Payments’ With Launch of Blockchain-Based PlatformThe Daily Hodl
com/j6rEYW4ha1 — VisaNews (@VisaNews) June 11, 2019 Incumbents from Visa to Facebook are deploying blockchain-based solutions to rival decentralized crypto assets and new networks, such as RippleNet, which are designed to transfer value and data seamlessly across borders while bypassing traditional payment rails that carry high fees.
News Former United States Senator Rick Santorum has joined the board of a Catholic community-oriented cryptocurrency project, according to a press release published on June 4. The former senator and Republican presidential nominee is now a board member of the Catholic community-oriented cryptocurrency project dubbed Cathio.
The insurers — none of whose names have been disclosed — will reportedly provide the crime insurance coverage for institutions using Metaco's SILO crypto asset infrastructure solution for hot and cold storage, which implements hardware security module-based technology.
News Only a limited number of healthcare firms in Europe are aware of the benefits of blockchain applications, according to a survey by American market research firm International Data Corporation (IDC) released on June 6. Based on the research, there are three major use cases for blockchain technology in the European healthcare industry, including transaction agreements, identity management and shared records management.
Bradesco VP Mauricio Minas has delivered a speech devoted to the role of blockchain in the global financial system, speaking at major Latin American banking and fintech event CIAB Febraban on June 11. The news comes on the heels of the recent report on Brazilian banks deploying a standardized blockchain identity solution co-developed by the country's central bank, CIP, and global tech giant IBM.
Improved data sharing between trade partners creates more transparency, with clear ownership and responsibility for each documented step in the supply chain."While Panalpina is testing various possible applications of blockchain technology in its business processes, it expressed caution regarding the nascent technology.