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Major Coins Stem Further Losses, With Bitcoin Brushing $7,700

Although crypto markets are still down over the past month, most of the top ten coins are in the green today, June 7. Market visualization from Coin360 Bitcoin (BTC) is comfortably holding above the $7,600 threshold and inching to a new price point of $7,700, trading at around $7,690 at press time. The leading cryptocurrency, up almost 2.3 percent over ...

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Russian President Vladimir Putin Publicly Addresses Crypto, Says Practically Nothing

Russian President Vladimir Putin issued ambiguous, but mostly negative, commentary on the question of Russian issuing its own cryptocurrency during his annual live question and answer session with the Russian public today, June 7. On today’s live session with the president, known as the “Direct Line”, Russian blogger Artem Khokholikov asked the president three questions about cryptocurrency: “Will Russia have ...

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Central Banks Closely Monitoring Crypto and Blockchain

The world of cryptocurrencies and banking crossed paths once again at the Money20/20 conference in Europe on June 4-6. Fintech companies and financial service providers came together at the conference to talk money and technology − in particular, how the two can come together in a more efficient way. Since cryptocurrencies have entered the mainstream, largely due to a breakout ...

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US Crypto Exchanges Not ‘Enthusiastic’ Enough About Regulatory Compliance

The U.S. Securities and Exchange Commission (SEC) said it was “underwhelmed” by regulatory adherence among cryptocurrency exchanges in fresh comments June 6. Speaking to CNBC, Brett Redfearn, the SEC’s Director of Division of Trading and Markets, suggested exchanges that offer trading in tokens issued in Initial Coin Offering (ICO) – which may constitute securities under U.S. law – were reluctant ...

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Software Multinational SAP Announces Launch of Cloud Blockchain Platform

Multinational software company SAP has launched a blockchain-as-a-service platform, SAP Leonardo Blockchain, the company reported Wednesday, June 6. The platform is designed to let corporate customers build applications and networks using blockchain technology. SAP’s official announcement notes that the new blockchain service will support Hyperledger Fabric and MultiChain, and will be built on top of SAP’s SAP HANA data management ...

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Blockchain-Based Galaxy Game Offers Rare, Collectable Planets That Can Be Sold for Crypto

A team of developers say they are in the final stages of beta testing for a “revolutionary” online game which allows players to explore an entire galaxy based on blockchain. 0xUniverse is the first Ethereum-powered title from 0xGames – and together, its professionals have decades of experience in game development. Their team was formed last November. In this 3D rendered ...

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Andy Warhol Painting to Be Sold via Blockchain in ‘World’s First’ Crypto Art Auction

Blockchain platform Maecenas has announced today, June 7, that  it will hold the “world’s first cryptocurrency art auction”, according to a press release shared with Cointelegraph. The platform will be selling fractional ownership of Andy Warhol’s 14 Small Electric Chairs – worth $5.6 mln – at crypto-friendly UK fine art gallery Dadiani Syndicate on June 20. The sale of 49 ...

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Stock Analytics Firm Lowers BTC Year-End Price Prediction by Nearly 17%

Stock analytics firm Trefis has recently lowered their Bitcoin (BTC) year-end price forecast from $15,000 to $12,500, according to a blog post June 5. Lowering Our Year-End Bitcoin Price Target To $12,500 Due To Weaker Transaction Volume Outlookhttps://t.co/Plya7iHWKo — TREFIS (@Trefis) June 6, 2018 Trefis’ BTC forecast analytics is based on fundamentals of supply and demand, where demand is the ...

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