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Via The Merkle
Of all cryptocurrency projects, Skycoin is perhaps the one that the community is most opinionated on and confused by. Especially recently, Skycoin has grabbed the attention of cryptocurrency enthusiasts worldwide. Unfortunately for holders, each passing headline seems to send the ambitious project down further. After achieving a temporary high of US$35 in response to its Binance listing in late May, Skycoin has plummeted over 80% to its current price of under $7. After flirting with a top 50 ranking on CoinMarketCap, Skycoin currently sits at #150, with a market cap of US$60 million. A recent Team Status Update details actions taken by the Skycoin China Marketing team. Most importantly, members of the team are accused of burglarizing the home of
Via Bitcoin Channel
Crypto Fund AG has received approval from the Swiss financial regulators FINMA to begin distributing funds. This license will allow the fund to offer new instruments within the Swiss financial market. The grant serves as a milestone in crypto oriented regulation. Crypto Fund AG is the first fund of its kind to receive such approval in the Swiss sector. Crypto License Approvals Trudge Onward It seems the recent slew of approved applications for operating licenses in the cryptosphere is not slowing down. On Monday, June 18, 2018, Swiss financial market supervisor FINMA granted a license allowing Crypto Fund AG (Zug, Switzerland) to distribute crypto funds, the first crypto firm to receive such authorization. On the announcement of the
Via Bitcoin Channel
According to reports, Robinhood, a cryptocurrency, stocks and options trading platform is in talks to offer banking services like savings accounts. Sources close to the matter said that they were in early discussions with regulators to offer banking like products. The sources asked not to be identified because the talks are confidential, as reported by Bloomberg. They stated that the company is having “constructive conversations” with the Office of the Comptroller of the Currency. This marks the entry of Robinhood in a space that is unique to them, as they offer their products with fees close to zero. In an interview with Bloomberg, co founder Vladimir Tenev said: “When we entered the space we saw the opportunity to
Via Cryptovest
The National Institution for Transforming India laid out a plan to release an ambitious national blockchain project called IndiaChain.
Via AMBCrypto
According to reports, Robinhood, a cryptocurrency, stocks and options trading platform is in talks to offer banking services like savings accounts. Sources close to the matter said that they were in early discussions with regulators to offer banking-like products. The sources asked not to be identified because the talks are confidential, as reported by Bloomberg. […] The post Robinhood is having “constructive conversations” to move into banking services appeared first on AMBCrypto.
Via Cointelegraph
The Federal Reserve Bank of St. Louis will now be tracking the prices of BTC, BCH, LTC, and ETH in its research database, using price data from Coinbase. The Federal Reserve Bank of St. Louis will now be tracking the prices of four cryptocurrencies on their research database, according to a June 19 post on the bank’s website. The database, called the Federal Reserve Economic Data (FRED), will now include the prices of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) from as early as 2014 to the present. The prices will be updated daily with data obtained from U.S.-based cryptocurrency exchange and wallet Coinbase. The Federal Reserve Bank of St. Louis has often been in the news for their research and statements about cryptocurrencies and blockchain. In January, a paper published by the bank gave an overall favorable assessment of crypto and blockchain use in the future. In mid-May, the president of the St. Louis Fed said in an interview that he didn’t rule out Bitcoin as a potential future threat to the dollar.
Via AMBCrypto
Ethereum Classic has lately been giving good news both in terms of the market prices and partnerships. ETC continues to see a bullish price while swaying up to $17.00. The last price surge was at $25.28 on May 7th. At the time of writing, Ethereum Classic is valued at $17.01, with a hike of 11.09%. The all-time […] The post Ethereum Classic [ETC] catches a glimpse of bullish price at $17.00 appeared first on AMBCrypto.
Via Cointelegraph
Member of Swiss head of state says that blockchain will “penetrate our entire economy” in just a few years during a speech at Crypto Valley Conference in Bern. One of the seven members of Switzerland’s collective head of state stated that blockchain will someday “penetrate our entire economy,” according to a transcript published by the Federal Department of Economic Affairs, Education and Research today, June 21. Swiss Federal Councillor Johann N. Schneider-Ammann stated during a speech at the Crypto Valley Conference in Bern today that: “Hardly anyone still doubts that blockchain will penetrate our entire economy.” However, Schneider-Ammann added that at this point, Switzerland does not know enough about the new technologies, “their potential and their risks,” noting that the “decisive factor” will be a push for tech education: “We need to put even greater emphasis on digitalisation and technology in schools. We need more IT specialists (not to mention Blockchain experts). And we need more research projects and professorships in this field.” Schneider-Ammann also noted that regulation in the sphere of blockchain, cryptocurrencies, and Initial Coin Offerings (ICO) is needed moving forward, mentioning a “Blockchain Task Force” cooperating with private actors led by himself and finance minister Ueli Maurer: “But just to be clear, a good economic framework doesn’t mean giving carte blanche! Abuses must also be consistently prevented in the new digital world. And businesses need legal certainty. Otherwise investment will be withheld.” Switzerland has been referred to as a crypto nation, specifically in reference to Zug’s “Crypto Valley,” due to its crypto friendly tax regulations and “balanced approach” to tokens issued in ICOs. In early June, Zug announced that they would be holding the country’s first blockchain-based municipal vote this summer.
Via Cointelegraph
South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago. South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago, in an official announcement today, June 21. At the time of the hack, Bithumb was ranked sixth largest crypto exchange by trade volumes globally, but has now dropped to tenth place following news of the high-profile incident. Bithumb today says there will be “no damage” to its customers as a consequence of the theft, emphasizing its strict separation of customer and company assets, the latter of which it says are stored in cold wallets. Today’s post reveals that Bithumb “expects” that the total losses from the hack will “be lower” than the current figure, saying the exchange will keep the public informed as to the final confirmed amount. Bithumb is aiming to reassure affected users by emphasizing the 100 bln won in revenue that it reported at the end of 2017, further saying it plans to release its fiscal report for the first half of 2018 by early July. The exchange says it “believes [customers] can use Bithumb safely,” saying it will soon announce a specific schedule to resume deposit and withdrawal services, and is in the process of improving its wallet system and ensuring the protection of customer assets. As Cointelegraph has reported, the details of this week’s hack are still being clarified. According to Cointelegraph’s personal correspondence with Korean resident officials from the Sentinel Protocol, Bithumb’s hot wallet was hacked on the night of June 19. As soon as it had detected the theft, the exchange temporarily suspended all deposits and withdrawals on the exchange. Notably, just this month Bithumb was given the all-clear following a three month long investigation into its operations by South Korean authorities. Today’s post confirms that the exchange is working closely with the Korea Internet & Security Agency (KISA) to investigate the recent incident, which as Cointelegraph has reported, is being conducted together with the Korean Ministry of Science and Technology (MIC), the national police and other agencies. Bithumb says it will subsequently undertake “systematic measures” to prevent a repeat of the incident.
Via Bitcoin Channel
Today, June 21, Cointelegraph is launching a listings platform for crypto and Blockchain specific job opportunities. Users can search for vacancies in the crypto and Blockchain industries globally, using category parameters and keywords to focus in on their interests. Companies can also post listings to find the most competitive candidates for their needs. Cointelegraph hopes the service will encourage new and valuable connections in an emerging industry that is seeing increasing investment and growth. The service is currently in beta, let the creators know what you think at jobs@cointelegraph.com. Source The post Cointelegraph Launches Job Listings Platform for the Blockchain, Crypto Industries appeared first on Bitcoins Channel.