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Stablecoin Project Secures Backing From Peter Thiel, Coinbase, 40 Others

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. The developmental-stage stable-value crypto project is dubbed “Reserve,” and closed a collective $5 mln seed round to develop a fully decentralized cryptocurrency that works ...

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 20

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin’s rolling 30-day annualized volatility has declined to about 61 percent from the ...

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Chairman of Korean Gaming Giant Predicts Use of Blockchain in ‘All Industries’ in Future

The chairman of Netmarble, one of the largest South Korean gaming companies, believes that blockchain technology will soon be applied across all industries, local news outlet EDaily reports June 20. Netmarble reported revenue of 1.5 trillion won (about $1.35 billion) in 2016, with a market cap of 12.86 trillion won (about $11.59 billion) today. During the 9th Annual Strategy Forum ...

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Tether Has Enough USD to Back Tokens, Says Law Firm in Unofficial Statement

Tether’s (USDT) long-contested assertion that its digital currency is backed by the appropriate amount of dollar holdings has been seemingly confirmed, Bloomberg reports June 20. According to an interview with Tether’s general counsel Stuart Hoegner, law firm Freeh Sporkin & Sullivan LLP had access to two of Tether’s bank accounts for weeks and released the amount of dollar holdings as ...

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Filipino Bank to Launch Japan Remittances Using IBM and Partners

The Philippines’ RIZAL COMMERCIAL Banking Corp (RCBC) announced plans to launch blockchain remittances to Japan June 20 in a partnership with two Japanese banks. Quoted by local news media outlet Business World, First Senior Vice-President Manny T. Narciso said the scheme, which will form part of IBM’s global blockchain pilot, aims to serve Filipinos who work in Japan and send ...

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US Fourth Largest Mobile Provider Partners on Automotive Blockchain Platform

The U.S.’ fourth-largest mobile network operator Sprint has partnered with blockchain startup NXM Labs to launch a 5G connected car platform powered by blockchain technology, the companies confirmed June 20. Sprint, which served 54 million US customers as of October 2017, will use the platform and its LTE network to provide passengers with mobile wifi, vehicle health monitoring and what ...

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Uruguay to Develop Crypto Regulations, Focusing on Innovation

The Uruguayan chamber of fintech has announced the creation of a special committee for the development of crypto regulation framework, BNamericas reported Tuesday, June 19. The committee will reportedly promote innovation in order to help strengthen and develop the country’s financial system. This will include fighting against money laundering, terrorism or drug trafficking, as well as making the industry more ...

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Crypto Markets See Red After Hack of World’s Sixth Largest Crypto Exchange

All of the top ten cryptocurrencies by market cap are seeing losses today, June 20, as data from Coin360 shows. Market visualization from Coin360 Total market capitalization of all cryptocurrencies has dropped to just under $284 bln at press time, losing around $10 bln from its yesterday’s high of $294. Total market cap of all cryptocurrencies from Coinmarketcap Bitcoin (BTC) is trading ...

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UK Crypto Exchange to Launch Litecoin Futures

  UK-based crypto futures exchange Crypto Facilities is launching Litecoin (LTC) derivatives contracts this Friday, according to a Coindesk report Wednesday, June 20. The new US dollar-denominated contracts will offer both long and short trading terms, with weekly, monthly and quarterly maturities. Notably, the contracts will have Litecoin as their underlying collateral, unlike the already existing Bitcoin (BTC) futures contracts ...

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Samsung Marries Blockchain, AI in Cello 3.0 Logistics Platform

South Korea electronics giant Samsung revealed a further blockchain implementation in an official announcement June 20, using the technology in a new logistics platform. The platform, dubbed Cello 3.0, is the brainchild of Samsung’s IT subsidiary Samsung SDS, which will use artificial intelligence (AI) and its “logistics knowhow” to deliver it, a press release states. “We will provide services to ...

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