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[cxboyminer]

Italy and Crypto: Naples Mayor Talks About City’s Focus Group to Promote Blockchain and Possible Municipal ICO

A working group devoted to blockchain on the initiative of institutions, hundreds of volunteers from all over the world, a big and efficient plan for the future – it’s happening in Naples, the capital of the Italian region of Campania in the south of the country. The city, through a recent press release, announced the creation of a special “focus group,” whose purpose is to “develop and eventually implement objectives related to blockchain technology”.

https://cointelegraph.com/news/italy-and-crypto-naples-mayor-talks-about-city-s-focus-group-to-promote-blockchain-and-possible-municipal-ico

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[miropp]

- Breaking: EOS Blockchain Grinds to Halt as Software Bug Freezes Transactions
- Opinion: The Mad World Of ICOs
- German Cocktail Bar Chain Announces Blockchain Rewards Program

[SuperBazooka]

Aussie Crypto Exchange Blockbid Partners with Risk Management Giant LexisNexis

Melbourne-based crypto trading platform Blockbid has become the first cryptocurrency exchange in the world to introduce a new generation of risk management and identity verification technology developed in partnership with LexisNexis Risk Solutions and ThreatMetrix.

The partnership combines the 1.4 billion-strong identity database owned by ThreatMetrix with the LexisNexis database of potentially high risk identities for the purpose of establishing customer identities so as to satisfy the most stringent KYC and AML regulations present in jurisdictions where crypto trading is regulated.

Bringing Crypto Into the Mainstream Fold
This partnership, which follows the $817 million acquisition of ThreatMetrix by LexisNexis in February 2018, is part of a strategic push by several prominent players in the cryptosphere to ensure that digital assets trading has access to the same services offered to banks including identity verification, risk management, and prevention of money laundering, amongst others.
https://www.ccn.com/aussie-crypto-exchange-blockbid-partners-with-risk-management-giant-lexisnexis/

[cxboyminer]

Bitcoin loses $40 billion in the market value

Kampala, Uganda | THE INDEPENDENT | Bitcoin on June 12 fell to a two-month low, sliding in three of the last four sessions on nagging regulatory and security concerns after the weekend hacking of South Korean cryptocurrency exchange Coinrail.

The original virtual currency neared its lowest level of the year of just under $6,000 BTC=BTSP on the Bitstamp platform. It fell to a low of below $6,500 and last traded down 4.7 percent at $6,551.48. So far in 2018, bitcoin is down nearly 53 percent, after soaring more than 1,300 percent last year.

https://www.independent.co.ug/bitcoin-loses-40-billion-in-the-market-value/

[cxboyminer]

A Grammy Award Winner Is Using Ethereum & Harry Potter To Fund Her Blockchain Project

Musician Imogen Heap is working on her very own blockchain project, Mycelia, that will let musicians store all the information about their songs in one place and so they can easily track payments for their songs.

The Harry Potter musical is allowing Heap to fund the project as well as Ethereum, of which Heap used to by selling a song for cryptocurrency.

Read more: https://cryptodaily.co.uk/2018/06/a-grammy-award-winner-is-using-ethereum-harry-potter-to-fund-her-blockchain-project/

[miropp]

- CryptoZombies Creator Launches Kickstarter Campaign for Blockchain Trading Card Game
- Gilmore Girls’ Alexis Bledel to Star in Bitcoin Thriller ‘Crypto’

[cxboyminer]

THE DARK SIDE OF THE CRYPTO REVOLUTION

THE BITCOIN HODLERS, ICO hustlers, and Lambo-owning crypto millionaires would like you to know that the cryptocurrency revolution is upon us. Before long you’ll be making breakfast on the blockchain! But as the trustless, decentralized world of digital tokens expands—and Fortune 500 companies, banks, restaurant chains, and even countries (ahem, Venezuela) cautiously wade in—a credibility problem persists. Silk Road and AlphaBay may be gone, but that hasn’t stopped fraudsters, gamblers, sex workers, and drug dealers from cashing in.

Read more: https://www.wired.com/story/the-dark-side-of-the-crypto-revolution/

[xmGx]

Japanese prosecutors from 10 prefectures have arrested 16 individuals suspected of involvement in an ongoing criminal case of cryptojacking, local news outlet The Asahi Shimbun

[cxboyminer]

Bitcoin would 'break the internet' if used as the main retail payments network says Bank for International Settlements

Cryptocurrencies like bitcoin and ethereum are a “poor substitute” for state-backed currencies and would break the internet if used in their current form at a national scale, according to a report published today by a powerful central banking body.

 Read more: http://www.cityam.com/287682/bitcoin-would-break-internet-if-used-main-retail-payments

[zhengqi]

  Japanese, South Korean Pensioners Becoming Increasingly Crypto Curious

Is crypto a young person’s game? Or can an old dog learn new tricks after all? Most people in East Asia would assume the former. And, at first glance, the statistics appear to back that up.

https://cryptonews.com/exclusives/japanese-south-korean-pensioners-becoming-increasingly-crypt-1976.htm

[zhengqi]

  Ethereum Jumps On SEC Director Remarks 

A high-ranking official at the Securities and Exchange Commission (SEC) has said that Ethereum is not be considered a security, and therefore does not fall under the jurisdiction of the US financial regulator

https://cryptonews.com/news/ethereum-jumps-on-sec-director-remarks-2018.htm

[kam2446]

Correction of the Market in 2018, What is Common with the Recession of 2013-2014? What to Expect in the Second Half of 2018?

You can find more here:
https://uniton.io/en/news/Correction-of-the-Market-in-2018-What-is-Common-with-the-Recession-of-2013-2014-What-to-Expect-in-the-Second-Half-of-2018

[SuperBazooka]

The ‘Central Bank for Central Banks’ Disses Cryptocurrencies in New Report
The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies.

The bank also acknowledges the possibility of central bank issued digital currencies, which several central banks are presently exploring.

Central Banks Provide Stability
The bank offered its assessment on cryptocurrencies and distributed ledger technology in its annual economic report.

According to the report, for a monetary system to successfully facilitate transactions, it must be elastic to address demand and must be able to scale with the economy, a function central banks have successfully provided, the report noted. The central banks ensure the payment system operates efficiently and ensure the supply of reserves responds properly to shifting demand.

Cryptocurrencies’ decentralized technology, by contrast, offers an insufficient substitute for the traditional, institutional backing of money.
https://www.ccn.com/central-banks-central-bank-disses-cryptocurrencies-in-new-report/

[babicena14]

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
https://news.bitcoin.com/korean-crypto-exchanges-aml-compliance-banks/

An Inside Look at the Electron Cash Wallet Coming to iOS
https://news.bitcoin.com/an-inside-look-at-the-electron-cash-wallet-coming-to-ios/

[zhengqi]

  The real reasons why blockchain isn’t everywhere 

EVERYONE understand the benefits blockchain can bring to businesses. However, adoption remains slow.
An EY report shows that most businesses are finding it difficult to grasp how blockchain will affect regulatory compliance. Many of them are also finding it difficult to understand the capabilities of blockchain and how it integrates with legacy technology.

http://techwireasia.com/2018/06/the-real-reasons-why-blockchain-isnt-everywhere/

[babicena14]

Regulation Round-Up: Shapeshift COO Says U.S. Regulations Worsen, Germany to Protect Financial Stability not Individual Investors
https://news.bitcoin.com/regulation-round-up-shapeshift-u-s-regulations-worsen-germany-protect-financial-stability-not-individual-investors/

[zhengqi]

  Blockchain and VR are Coming After the Real Estate Industry 

Disruptive tech is changing industries ranging from taxicabs to healthcare. Can it improve the homebuying experience too?
The U.S. real estate landscape has long been dominated by the National Association of Realtors (NAR), an influential industry group that’s gotten in hot water before for their attempts to squelch disruptive technology (see their 2008 consent decree from the U.S. Department of Justice, which forbid them from discriminating against online brokerages). But better tech and a better experience for home buyers are coming to the real estate world, whether NAR is prepared for it or not.

https://hackernoon.com/blockchain-and-vr-are-coming-after-the-real-estate-industry-d2aab0c62036

[zhengqi]

  Square Jumps After Receiving License to Let New York Customers Buy and Sell Bitcoin 


 

Square Inc. shares climbed to their highest price ever after New York granted the company a virtual-currency license, letting customers in the state buy and sell Bitcoin.

https://www.bloomberg.com/news/articles/2018-06-18/square-jumps-after-receiving-new-york-virtual-currency-license

[miropp]

- Regulated Cryptocurrency Custody Will Bring in Big Money: Hedge Fund Manager
- Early Bitcoin Developer Jeff Garzik Launches New Altcoin ‘Metronome’
- Bitcoin Miners in China’s Remote Regions are Undeterred By Restrictions

[babicena14]

The company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its ‘Cash App’ are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York.
https://news.bitcoin.com/financial-services-provider-square-acquires-new-york-bitlicense/