Topic: ✷ News ✷ Analytics ✷ Analysis ✷ Forecasts - page 17. (Read 2256 times)

Bank of England to Open Settlement System to Private Firms, Distributed Ledgers
The Bank of England remains bearish on bitcoin, but the central bank has announced plans to overhaul its settlement system to allow private payment systems, including those based on blockchains and other types of distributed ledgers, to interface with the platform.

Bank of England Governor Mark Carney announced the plans in a speech delivered on Thursday at Mansion House in London, explaining the bank will execute an “ambitious rebuild” of its Real Time Gross Settlement System (RTGS), which serves as the “backbone of every payment in the UK.”

The revamped RTGS will allow private payment platforms to connect directly to the central bank’s system — even for cross-border payments. He specifically stated that platforms using distributed ledger technology (DLT) — which includes, but is not limited to, blockchains — will be able to connect to the bank’s network.

“RTGS is being re-built so that new private payment systems, including those using distributed ledger, can simply plug into our system. Our new, hard infrastructure will be future-proofed to your imaginations, opening up a range of potential innovations in wholesale markets, and corporate banking and retail services,” he said, adding:

“No longer will access to central bank money be the exclusive preserve of banks.”
https://www.ccn.com/bank-of-england-to-open-settlement-system-to-private-firms-distributed-ledgers/

- EOS User Posts Private Key Online, Dares Critics to Steal Funds
- Cryptocurrency Market Suffers Ongoing Decline, Analysts Weigh Causes
- Tron to Burn TRX Worth $50 Million to Mark ‘Independence Day’

Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company.

Reuters reported Friday that Potter, who is also a director of the 'stablecoin' issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex's CEO. A spokesperson told the news service that the parting was "mutual" in nature...Read More

TOKYO (Kyodo) -- Japan's financial watchdog on Friday ordered six cryptocurrency exchange operators to improve internal controls, including taking steps against money laundering.

Read more: http://mainichi.jp/english/articles/20180622/p2g/00m/0bu/104000c

Despite the best efforts of zcash developers to keep the cryptocurrency's coming upgrade, Overwinter, as seamless as possible, the $8 billion network was faced with a plot-twist this week.

Mere days before the update (a hard fork of the code) was set to execute – a developer decided to effectively threaten to split the network – if he wasn't paid in return that is. In a forum post published Tuesday, the sole maintainer of the Windows zcash wallet software, D. Jane Mercer, said he was going to cease development of the clients and release a zcash competitor "rebranded as another coin," if he didn't get further funding for his work...Read More

Ethereum Classic Price Defies Bear Market in Single-Day Rally

The ethereum classic price continued its inexorable rise on Thursday afternoon as it reached $17.71 on cryptocurrency exchange Binance — a single-day increase of 7%.

There could be several factors which are affecting this price movement. The principal one is the listing on Coinbase, which was something of a surprise when it beat other contenders such as Ripple’s XRP token to the finishing line.

Turnover has also increased quite substantially in the past days where the price climbed from a low of around $13.50 to $17.74 of now and appears to be still rising.

https://www.ccn.com/ethereum-classic-price-defies-bear-market-in-single-day-rally/

The report earlier cited an unidentified high-level government official, saying that the government is preparing plans to levy about 10% tax on profit created from cryptocurrency investment. The official says that the timing to introduce the levy hasn't been decided and currently 1-2 years of grace period is considered by the government.

Read more: https://www.forexlive.com/cryptocurrency/!/south-korea-denies-report-of-capital-gains-tax-on-cryptocurrencies-report-20180622

Bitcoin Just Got a Shoutout in a New US Supreme Court Opinion

That's not something you see every day: an opinion from the U.S. Supreme Court that makes a reference to cryptocurrencies.

On June 21, the Supreme Court issued a ruling on Wisconsin Central Ltd. v. United States, a court case involving a dispute over whether worker stock options can be taxed as a kind of "compensation" in the same way that money is.

https://www.coindesk.com/bitcoin-gets-shoutout-us-supreme-court-opinion/

Cryptocurrency miners’ appetite for cheap electricity is being put to the test by Quebec.

https://www.bloomberg.com/news/articles/2018-06-21/how-much-will-you-pay-for-electricity-quebec-asks-crypto-miners?srnd=cryptocurriences

This $575 Million ICO With Royal Backing Is So Crazy, It Might Be Real

Crypto loves Lamborghinis.

So much so it seems that a startup looking to release movies – early offerings include a biopic about the founder of the car company and his feud with the founder of Ferrari – has raised a whopping $575 million off its private sale of TTU crypto tokens from investors including BlockTower Capital and even a prince.

https://www.coindesk.com/575-million-ico-royal-backing-crazy-might-real/

National Chinese Science Academy Launches Blockchain Lab

China's federal science institution, the Chinese Academy of Sciences, is taking part in a new research effort around blockchain.

https://www.coindesk.com/national-chinese-science-academy-launches-blockchain-lab/

TORONTO, June 21, 2018 (GLOBE NEWSWIRE) -- Goldmoney Inc. (TSX:XAU) (“Goldmoney”) (the “Company”), a precious metal financial service and technology company, today announced a new dealing and third-party custodian relationship with Malbex Resources Inc. (TSXV:COIN) (“COIN”), a merchant banking and financial advisory company focused on investments in cryptocurrency and blockchain sector assets (soon to be renamed COIN Hodl Inc.).

Read more: http://globenewswire.com/news-release/2018/06/21/1527760/0/en/Goldmoney-Announces-Dealing-and-Institutional-Crypto-Custody-Partnership-with-Malbex.html

Amsterdam's Airport Lets Travelers Swap Leftover Euros for Cryptos


Schiphol – the international airport serving the Netherlands' capital city, Amsterdam – is launching an ATM that will allow travelers to exchange their euros for bitcoin or ethereum.

https://www.coindesk.com/amsterdams-airport-lets-travelers-swap-leftover-euros-for-cryptos/

While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20...Read More

Days after the Federal Reserve’s major announcement that it would hike short-term interest rates four times instead of three in 2018, bank stocks have failed to improve as expected. Jim Cramer shared his take on the matter, outlining the rising popularity of Bitcoin and other blockchain-based technologies as one of the possible reasons.

Read more: http://bitcoinist.com/bitcoin-and-paypal-shake-bank-stocks-according-to-jim-cramer/

House Rules Politicians Must Disclose Crypto Investments Above $1K

Members of the House of Representatives, the lower chamber of the U.S. Congress, must begin disclosing cryptocurrency investments that exceed $1,000.

https://www.coindesk.com/crypto-investments-us-house-reps-investments/

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Why Coinbase’s Support for Ethereum Testnets & ERC-20 Tokens Matters

Toshi, the Ethereum-based decentralized application browser and wallet operated by Coinbase, the world’s largest cryptocurrency exchange, brokerage, and wallet platform, has added support for Ethereum testnets and custom ERC-20 tokens.

Coinbase Roadmap
Lsat week, upon the integration of Ethereum Classic (ETC), the Coinbase team told its users and investors that the mid-term strategy of the company is to eventually support the entire ERC-20 token standard of Ethereum, including initial coin offering (ICO) tokens and independent blockchain projects.

The official statement of Coinbase released on June 12, read:

“We have previously announced our intention to support the ERC20 technical standard and Bitcoin forks. We will announce the intention to add specific assets within those categories prior to final engineering integration. This is consistent with our public process for adding new assets.”

Dan Romero, the general manager and vice president of Coinbase, acknowledged that the company’s integration of Ethereum Classic could come across as a surprising decision to the majority of traders. Romero emphasized that at the current phase of cryptocurrency regulation, especially, in the US, it is of utmost priority of the company to integrate digital assets that in no way can be categorized as securities.
https://www.ccn.com/why-coinbases-support-for-ethereum-testnets-erc-20-tokens-matters/

A new project for a stabilized cryptocurrency that would function “like normal money,” has received backing from Peter Thiel, Coinbase, Distributed Global, GSR.IO and 40 others, according to a press release shared with Cointelegraph June 20...Read More

With ARK mostly attending US & EU conferences to date, it is time to change the scenery and visit one of the biggest blockchain summits in South Korea. We can’t wait to meet our supporters in the region and make new friends as we continue to spread the word about ARK across the globe. If you are attending, be sure to stop by our booth, say hello, and grab some swag!
https://blog.ark.io/ark-is-going-to-asia-sponsoring-korea-blockchain-summit-3ecbbb40a7f5

June Ethereum London Meetup at Imperial! Tiiqu - Vega Protocol and Brave!
https://www.meetup.com/ru-RU/ethereum/events/250879226/