1. Binance launches ‘initial DEX offering’
On Friday, a thing called Raven Protocol — a “fully decentralized” blockchain/AI startup which hopes to “pull the power of AI/ML out of the hands of mega-corporations like Amazon/Facebook/Google and put it into the hands of the community” — announced that it would be running a token sale on Binance DEX, the titanic crypto’s decentralized exchange, which is run by 11 “validators” closely affiliated with the flagship company.
Of the 10 billion Ravens in circulation, 300 million will be allocated to the sale, and will sell at 0.00005 the price of a BNB, Binance’s own native token. The sale, which will start June 17, will end either the following day or “when the hard cap” — $500,000 — is reached.
[Source: DecryptMedia] ✩✩✩✩✩
2. Crypto is coming: get ready to spend Facebook’s money
On Tuesday, the social media behemoth, Facebook, is expected to reveal its own cryptocurrency, which has variously been called Libra and GlobalCoin. However, unlike other cryptocurrencies, the new creation will not have been founded in the spirit of libertarianism, outside the backing of established, conventional authorities. Instead, it appears to have the endorsement of more than 12 corporations, from Uber to PayPal, Visa and Mastercard.
[Source: TheGuardian] ✩✩✩✩✩
3. Bitcoin Surges Above $9,300 Reaching The Highest Price Level In Over A Year
Bitcoin (BTC) was able to surpass $9,300 a few hours ago, registering the highest price level in over a year. This is very bullish for Bitcoin that is currently registering a growing activity on its network and blockchain.
According to CoinMarketCap, the digital currency surged on June 16 after several days operating in a bullish trend. The virtual currency grew more than 9% since June 10. In this way, Bitcoin was able to reach its highest point since May 2018, when the digital currency tested the $10,000 resistance level for the last time.
[Source: UsetheBitcoin] ✩✩✩✩✩
4. Amazon Customers to Make Purchases with Ether (ETH) Thanks to Startup Partnership
In a press release issued on June 13, 2019, crypto payments firm CLIC Technology Inc. announced a partnership with B2B blockchain infrastructure company Opporty to jointly develop an in-browser extension that would enable customers to make purchases from Amazon with the ether (ETH) cryptocurrency.
[Source: BTCManager] ✩✩✩✩
5. ethereum 2.0 set for launch on January 3, 2020
Ethereum 2.0 genesis block to mark Bitcoin’s 11-year anniversary by launching on January 3, 2020. Developers are targeting a deposit amount of 2 million ETH before the genesis block.
[Source: FXStreet] ✩✩✩✩
6. Iceland’s Currency Will Be First in Europe to Be Traded as E-Money
The Financial Supervisory Authority of Iceland (FME) has approved Reykjavik-based Monerium as its first electronic money institution.
The designation, announced Friday, means that Monerium has regulatory approval to provide fiat payment services on a blockchain and use it throughout the European Economic Area. Electronic money is a well-established regulatory framework in Europe that’s been in use for years, Sveinn Valfells, CEO and co-founder of Monerium, explained to CoinDesk in a phone call.
[Source: Coindesk] ✩✩✩✩
7. Binance begins to restrict US users ahead of regulatory-compliant exchange launch
The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in the country.
[Source: TechCrunch] ✩✩✩✩
8. Bitfinex begins LEO token buyback, maintains no wrongdoing in $850 million shortfall
Cryptocurrency exchange Bitfinex announced the launch of a transparency initiative to coincide with the beginning of the burn mechanism of the company’s LEO token. Bitfinex’s parent company iFinex sold $1 billion in LEO tokens for USDT from private investors during a 10-day token sale in May 2019 to cover an $850 million loss from Crypto Capital. The New York Attorney General’s office accuses iFinex of engaging in a cover up, while the company insists the money was seized by government officials and would likely be returned.
[Source: Cryptoslate] ✩✩✩
9. Coinbase Custody Holds $1.3B in Assets Under Custody, Expects to Hit $2B ‘Soon’
Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13.
In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. The purpose of the visit was reportedly “to discuss the institutional cryptoeconomy with a range of prospects and clients.”
[Source: Cointelegraph] ✩✩✩
10. Source: South American Online Marketplace Working With Facebook on Crypto Project
South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14.
A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a form of payment. While the anonymous executive confirmed the partnership, further details were not forthcoming.
[Source: Cointelegraph] ✩✩✩
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