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[miropp]

- Watchdog ICOs exit scamming; ERC20 token wallets getting emptied via smart contract bugs; people dying in token sale publicity stunts: the world of ICOs has become so bizarre it’s impossible to tell what’s real and what’s satire. As a glimpse into the events of the past week shows, there’s never a dull day in ICO land. Nor is there a sane one.

[1714763927]

1714763927

[miropp]

- Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.

- In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies. The Canadian markets have also produced a dramatic spike in volume – recently setting new all-time highs for the number of bitcoins traded for CAD on Localbitcoins.

[Titonioii]

The mobile version of ICONex for Android has been launched on June 4th. You can store and manage your ICX and ETH just as you do on the chrome extension wallet. 

[SuperBazooka]

Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange
Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, according to infobae.com.

The country’s Financial Supervisor previously sent a notice warning financial institutions about using their platforms to support cryptocurrencies. The letter from Jorge Castano Gutierrez, Colombia’s financial superintendent, said the entities under surveillance are not authorized to intermediate, guard or invest with these instruments.

Beltran said the notice was a warning and did not require action.

Other cryptocurrency platforms such as BitINKA and Panda Exchange have not reported such issues.

https://www.ccn.com/colombian-banks-shutter-accounts-of-domestic-cryptocurrency-exchange/

[zhengqi]

   Apple Updates App Store Guidelines, Tightens Rules for Crypto-Related Apps    

After Google, Facebook, and Twitter, now it’s time for Apple to join its Silicon Valley counterparts in restricting the crypto industry.
The Cupertino-based firm has updated its rules for publishing apps on the App Store and has specially mentioned cryptocurrency-related apps. Along with the new apps, the guidelines will be applicable to existing apps as well.

https://www.financemagnates.com/cryptocurrency/news/apple-updates-app-store-guidelines-tightens-rules-crypto-related-apps/

[miropp]

Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin core’s (BTC) deflationary aspects interesting for speculation and as a “payment system,” but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a “useful niche,” and those who “think Bitcoin would result in a more prosperous economic system” as “naive.” It’s a strange position to take as a bitcoin exchange.

[Hoofprint]

Lithuania Issues Guidelines for When ICO Tokens Are Securities

Lithuania's Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country.

According to the document published Friday, a defining feature in the recommended framework is whether a token "grants profits or governance rights" to investors who obtain the token through an ICO.

https://www.coindesk.com/lithuania-issues-guideline-on-when-ico-tokens-are-securities/

[miropp]

Science fiction writer Ken Liu has written an important short story, Bizantine Empathy, weaving as central to the narrative cryptocurrency and distributed ledger technology. Finally, crypto breaks out of its ghettoization in popular fiction, where it has been the plaything of terrorists and drug dealers, and instead has been used as an elegant background to a larger point. We caught up with Mr. Liu to ask him more about his motivations for bringing such a technical topic into the science fiction community.

[miropp]

A Russian cryptocurrency miner got into trouble with the customs office when trying to import mining equipment purchased online for personal use. After an appeal, the court sided with the customs office and barred the import of the mining equipment.

[xaker74]

Well, gentlemen, what awaits us next? I believe that this fall from 20K to the present day is a prolonged correction, and change trend up is soon.

[miropp]

Two major passenger bus companies in Brazil have started accepting cryptocurrency payments for ticket sales. The companies say they are the first in the sector to accept crypto payments in the country. One of them has more than 800 buses; the other claims to have the newest and most modern fleet in Brazil.

[babicena14]

Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge
https://cointelegraph.com/news/buy-the-fud-mainstream-media-convinced-coinrail-hack-caused-crypto-price-plunge

[zhengqi]

  ICOs and Financing Blockchain Projects 

A new mechanism for financing innovation: seigniorage.
Most blockchain projects are open source and therefore free to use. Despite this, developers of open-source blockchain projects can reap large financial rewards thanks to a novel class of assets, called cryptotokens (or cryptocurrencies).

https://knowledge.insead.edu/economics-finance/icos-and-financing-blockchain-projects-9341

[babicena14]

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 11
https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-litecoin-cardano-stellar-iota-price-analysis-june-11

[SuperBazooka]

UK Financial Watchdog Tells Banks to ‘Enhance Scrutiny’ on Crypto Clients
 
The United Kingdom’s financial regulator and watchdog has urged bank CEOs to follow good practices to lessen the risk of financial crimes brought on by the abuse of cryptocurrencies.

In a letter [PDF] addressed to domestic bank CEOs, the UK’s Financial Conduct Authority (FCA) specifically urged financial institutions to ramp up their scrutiny of clients who ‘derive significant business activities or revenues from crypto-related activities’. These clients include cryptocurrency exchanges, individual clients seen to be trading cryptocurrencies and companies that launch or participate in initial coin offerings (ICOs), a radical new form of fundraising powered by cryptocurrencies.

Classifying cryptocurrencies as ‘cryptoassets’, the FCA suggested they can be ‘abused’ due to their potential for anonymity that can enable financial crimes.

The FCA’s recommended measures include ‘carrying out due diligence on key individuals in the client business” and engaging with those clients to ‘understand the nature of their [crypto-related] businesses and the risks they pose”. Further, the watchdog also called on banks to ensure that ‘existing financial crime frameworks adequately reflect the crypto-related activities which the firm is involved in.’
https://www.ccn.com/uk-financial-watchdog-tells-banks-to-enhance-scrutiny-on-crypto-clients/

[zhengqi]

  Apple bans cryptocurrency mining on its devices as updated developer guidelines take effect 

Apple has tightened its developer guidelines and banned cryptocurrency mining apps from being used on the company's devices.
The updated guidelines are designed to remove apps that cause batteries to be drained, the device to become abnormally hot or damage the hardware in any way.

http://www.cityam.com/287419/apple-bans-cryptocurrency-mining-its-devices-updated

[babicena14]

Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO
https://bitcoinmagazine.com/articles/chinese-cryptomining-chip-giant-bitmain-considering-ipo/

Swiss Bank to Allow Business Accounts for Crypto Companies
https://bitcoinmagazine.com/articles/swiss-bank-allow-business-accounts-crypto-companies/

[babicena14]

South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen
https://bitcoinmagazine.com/articles/south-korean-exchange-coinrail-hacked-40-million-crypto-reported-stolen/

Japanese Syndicate Wallet Hacked, $10 Million Reported Missing
https://bitcoinmagazine.com/articles/japanese-syndicate-wallet-hacked-10-million-reported-missing/

[zhengqi]

  Wells Fargo Halts Credit Card Cryptocurrency Purchases 

Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards.

http://bitcoinist.com/wells-fargo-halts-cryptocurrency-purchases-credit-cards/

[babicena14]

Ethereum Classic Price Jumps 25% Following News of Coinbase Listing
https://cointelegraph.com/news/ethereum-classic-price-jumps-25-following-news-of-coinbase-listing

Crypto Mining Firm Argo Set to Become London Stock Exchange’s First Blockchain Listing
https://cointelegraph.com/news/crypto-mining-firm-argo-set-to-become-london-stock-exchange-s-first-blockchain-listing