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[SuperBazooka]

Crypto Auction: $5.6 Million Andy Warhol Art to be Sold via Ethereum Blockchain

From bond issuances to educational certificates, blockchain technology is increasingly finding new use-cases every day. Stepping aside from its use in financial and industrial sectors, the ethereum blockchain will be utilized in June 2018 to facilitate the auction of Andy Warhol’s 1980 work 14 Small Electric Chairs for cryptocurrencies.

The auction will be carried out by Dadiani Fine Art in London’s Mayfair district, in partnership with blockchain platform Maecenas Fine Art. Overall, 49 percent of Warhol’s works will be up available for sale on June 20, and the auction house will accept bitcoin and ethereum as payment.

Regarding price, the piece is valued at 732 BTC or $5.6 million at the time of writing, and would undoubtedly change as per market conditions on the day of the auction. Reportedly, the reserve price is 25 BTC or $4 million. The auction house strictly requires potential buyers to comply with local regulations.
https://www.ccn.com/crypto-auction-5-6-million-andy-warhol-art-to-be-sold-via-ethereum-blockchain/

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[cxboyminer]

You can bid for million dollar Andy Warhol paintings with Bitcoins

Maecenas is a blockchain-based platform that describes itself as an online marketplace that’s democratizing access to Fine Art. Using this platform, anyone can invest in a very expensive artwork (worth more than $1m) by purchasing a fraction of it. Maecenas is teaming up with the Dadiani Syndicate art gallery in Mayfair to host the first ever cryptocurrency art auction. On June 20th, 49% ownership of the famous multi-million-dollar work of art by Andy Warhol, fourteen small electric chairs, will be available for sale in the form of digital certificates that can be purchased using bitcoin, ethereum and the platform’s own cryptocurrency ART token.

http://luxurylaunches.com/auctions/you-can-bid-for-million-dollar-andy-warhol-paintings-with-bitcoins.php

[cxboyminer]

Bancor’s Recent Token Promotion Gets Thumbs Down From Crypto Community

Bancor’s #100Tokens promotion – in recognition that the network has “activated” its hundredth token – has many questioning why it would be conducted on Twitter, which has often been the tool of scammers seeking to take advantage of the unsuspecting.

https://www.ethnews.com/bancors-recent-token-promotion-gets-thumbs-down-from-crypto-community

[miropp]

- Ripple CEO Brad Garlinghouse threw a little shade at Bitcoin recently where he stated that Bitcoin was not the “panacea” that people expected it to be

- The global appeal of cryptocurrency hasn’t diminished much throughout 2018. Despite falling prices, Bitcoin and altcoins remain incredibly popular. Unfortunately, that popularity also attracts attention from criminals. With around $1.1 billion worth of cryptocurrency being stolen since January 1st, there is still plenty to worry about

[kam2446]

The Japanese company Module, plans to become a leading player in the market of cryptocurrencies, due to the proposed platform designed for data storage and cloud mining.

You can find more here: https://uniton.io/en/news/The-Japanese-Company-Module-Plans-to-Conquer-the-Crypto-Industry

[Prosperityforall]

Market in anticipation, some kind of push. Nobody paid attention to the fact that the peaks of bitcoin prices this year are broken by the sixth of the month with a clear alternation through one. Given this pattern, I can assume that the new ceiling awaits us at 6.07, and then again down. Such a roller coaster looms.

[Hoofprint]

Putin: Cryptocurrency Has Its Place, No State Can Have Own Crypto

Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the saga around Telegram, in the light of seeking “civilized” decisions.

https://news.bitcoin.com/putin-cryptocurrency-has-its-place-no-state-can-have-own-crypto/

[miropp]

- The CEO of Lazard Ltd. has made the claim that cryptocurrency could undermine the U.S. dollar’s reserve status, becoming a viable alternative in the future

[SuperBazooka]

Enterprise Blockchain Startup R3 May Run Out of Money by Next Year: Report

Enterprise blockchain startup R3 is burning through cash at a breakneck pace and could be out of money by the first quarter of 2019, sources say.

R3 Could Be Out of Money by 2019: Report
Citing interviews with two former employees, Fortune reports that R3 — which in 2014 launched a high-profile banking consortium that sought to make blockchain technology palatable to the legacy financial sector — has run through nearly all of the $132 million it has raised from two funding rounds held since last May and has struggled to attract new investors.

The employees argue that a cocktail of excessive spending, poor hiring decisions, and an inability to develop a viable business model has led the company to bring in revenues that are “laughably off” targets.

The firm has also faced public setbacks as Goldman Sachs, Santander, and JPMorgan have dropped out of the consortium for various reasons.
https://www.ccn.com/enterprise-blockchain-startup-r3-may-run-out-of-money-by-next-year-report/

[Squirrel Dearing]

Inside the Sprawling (Ongoing) Vote That Will Decide When EOS Launches

Almost one week after initiating, one of the largest, strangest experiments in global crypto governance hesitated as it neared its culmination.

While EOS, a new blockchain created by Block.One, which raised approximately $4 billion to build it over the past year, had effectively turned the code over to its users as of last Saturday, into Friday, the fruits of that effort suggest a lack of clear process is holding back progress.

At least two votes that could have ended with a version of the software launching actually took place (based on CoinDesk's view of an unofficial stream of the decision-making). Assembled were candidates vying to become EOS "block producers," or the entities able to process transactions and claim the network's rewards... Read more

[Semenpaliy]

The purposes of this project are clearly explained in details with reasonable facts.
Really promising, hoping this project takes off soon enough and achieve the aim of reaching the zenith.
Great project and idea, I sincerely wish you good luck and success !! https://konios.com

[miropp]

- Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in December. The basic facts are sure to enliven debate regarding BTC’s ultimate function, be it as a ‘store of value,’ medium of exchange, or mere speculative asset.

- Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the saga around Telegram, in the light of seeking “civilized” decisions.

[Squirrel Dearing]

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 08

At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018. Many did not revise their target lower even after the sharp fall in January this year because they were expecting a sharp bounce from the lows.

Fast forward to June, the analysts are getting worried about the lack of momentum, resulting in a downward revision in target prices...Read more

[zhengqi]

Norwegian Air Building Exchange, Considering Crypto Tickets Purchases 

The low-cost carrier Norwegian Air is working to set up its own cryptocurrency exchange by the end of this year, the Norwegian financial news website E24.no reported.
The newly established company Norwegian Block Exchange (NBX) will be responsible for building and operating the exchange, as well as manage other blockchain initiatives for the airline, which is expected to buy a stake in the company in the near future. For the time being, Norwegian Air founder & CEO Bjørn Kjos remains the sole shareholder of the new company.

https://cryptonews.com/news/norwegian-air-building-exchange-considering-crypto-tickets-p-1972.htm

[miropp]

- The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies.

- Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances. Proponents of the initiative prescribe deeper centralization to remedy the shortcomings of the traditional financial system – a vision quite different from the decentralization that came with cryptocurrencies like bitcoin, following the 2008 global financial crisis. In today’s Bitcoin in Brief, we also cover a statement by a prominent Russian banker who warns that tight crypto regulations would hamper the development of blockchain technologies.

[Squirrel Dearing]

Third Largest Crypto Exchange Huobi Creates New Platform in US

Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US, Financial Magnates reports Friday, June 8th.
The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post earlier this week...Read more

[SuperBazooka]

This Japanese Exchange Will Borrow Your Bitcoin for a Yearly Fee
In an apparent step to increase liquidity and attract users, Japanese cryptocurrency exchange Bitbank has announced a bitcoin burrowing program.

Have 1 BTC? Loan it out
As per a report, the exchange shall allow account holders to lend a minimum of 1 bitcoin (BTC) to its Virtual Currency Lending service – in return for a fixed, predetermined rate of interest.

Initially, the service shall be available only for BTC holders and is scheduled to include popular cryptocurrencies like ripple, ether, litecoin, and bitcoin cash in the coming months.

One of Japan’s 16 full-licensed cryptocurrency exchanges, Bitbank offers eight cryptocurrency trading pairs and is ranked 31st in the world in terms of total daily traded volume.

The move comes on the bank of GMO’s cryptocurrency burrowing program, which the Japanese digital asset exchange launched in April 2018, making Bitbank the second exchange in the bitcoin-crazed country to do so.
https://www.ccn.com/this-japanese-exchange-will-burrow-your-bitcoin-for-a-yearly-fee/

[zhengqi]

  The Great Backlash Against Blockchain Hype 

The world is falling in love with blockchain. USD 945 million was spent globally by organisations on "blockchain solutions" in 2017, while this annual figure is forecast to rise to USD 2.1 billion in 2018 and USD 9.2 billion 2021.

https://cryptonews.com/exclusives/the-great-backlash-against-blockchain-hype-1967.htm

[zhengqi]

  Swiss Bank Offers Cryptocurrency Business Accounts 

In a story published on June 6th, Finews.com reported that Hypothekarbank Lenzburg is the first bank to formally open up towards cryptocurrency projects in Switzerland. They will offer business accounts for local blockchain and cryptocurrency companies. Being a smaller bank does not stop this technology-based banker to take charge and lead the market. In the words of Marianne Wildi, CEO of Hypothekarbank Lenzburg, “we are already collaborating with the fintech industry, we are also receptive to the young crypto and blockchain scene in Switzerland.”

https://www.crypto-news.net/swiss-bank-offers-cryptocurrency-business-accounts/

[miropp]

- While women remain a minority among cryptocurrency traders and investors by all accounts, new data reveals that their interest in joining the field is growing fast. This increased openness to crypto is especially true among the young generation of women.

- Just recently a new on-chain social media application has entered the Bitcoin Cash ecosystem called Matter — another decentralized blogging community that’s fueled by the Bitcoin Cash (BCH) blockchain. Matter is the third social media platform that follows behind Blockpress and Memo, allowing users to store arbitrary data on the BCH chain.