1. Coinbase launches its cryptocurrency debit card in six more countries in Europe
As of Wednesday, the Coinbase Card will be available in Spain, Germany, France, Italy, Ireland and the Netherlands. The card allows users with Coinbase accounts to spend cryptocurrencies like bitcoin, ethereum and litecoin in stores and online at any merchant that accepts Visa. Start-ups, banks and tech companies are trying to make crypto payments and trading more accessible.
[Source: CNBC] ✩✩✩✩
2. Visa Goes Live With Blockchain-Powered Business Payments Service
Visa’s blockchain-powered business-to-business payments service, first made public in October 2016, has officially gone live. As reported by Reuters on Tuesday, the payments giant has launched its Visa B2B Connect network — a product that was originally developed alongside blockchain startup Chain.
Visa B2B Connect at launch will serve businesses seeking to make payments to 30 markets, according to the report, with 90 more corridors expected to be covered by the close of 2019.
[Source: Coindesk] ✩✩✩✩✩
3. Telegram Messenger’s crypto tokens are (kind of) going on sale to the public for the first time
Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but there are a lot of catches.
The messaging company, which serves as the de facto chat app for the crypto community, raised a record-high $1.7 billion last year through a token sale that was limited to accredited investors. The listing saw unprecedented demand despite a project which, some industry critics argued, recycled old ideas and proposed unmeetable goals.
[Source: TechCrunch] ✩✩✩✩
4. SOUTH KOREA’S BIGGEST BANK U-TURNS ON CRYPTO WITH CUSTODY SERVICE
South Korea’s largest bank by assets, KB Kookmin, has partnered with a cryptocurrency startup to develop custody solutions.
[Source: Bitcoinist] ✩✩✩✩
5. Ubisoft reportedly developing ethereum in-game items and blockchain games
Ubisoft — the fourth largest publicly traded video game company known for Assassin’s Creed, Far Cry, and Just Dance — is reportedly developing game features on the Ethereum blockchain, according to Les Echos.
[Source: CryptoSlate] ✩✩✩
6. Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing
The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The Philippine Star on June 10.
[Source: Cointelegraph] ✩✩✩
7. Fidelity Digital Assets Joins $16 Million Investment In Crypto Security Startup
Fireblocks came out of stealth Tuesday morning, announcing it has raised $16 million in Series A funding from firms including Fidelity-backed Eight Roads and MState. The cryptocurrency security startup helps institutions safely transfer coins between different wallets and exchanges and already has two high-profile customers: Genesis Global Trading, owned by Barry Silbert’s Digital Currency Group, and Michael Novogratz’s Galaxy Digital.
[Source: Forbes] ✩✩✩✩
8. Litecoin.Com Outperforms BTC, Analyst Says LTC Could Surge to $150
Up five-fold, LTC’s performance is sublime. Ahead of its block reward halving, demand is slated to increase, potentially being a catalyst to drive prices higher. At the time of writing, LTC is up a staggering 19.6 percent from last week’s close.
[Source: NewsBTC] ✩✩✩
9. CryptoCompare and Nasdaq to Launch a Crypto Pricing Product
Digital asset data provider CryptoCompare has partnered with Nasdaq to launch a cryptocurrency pricing product — the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices.
The product will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source, according to Tuesday’s announcement. It will also enhance institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modeling, NAV calculations, and back-testing.
[Source: FinanceMagnates] ✩✩✩✩
10. Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment
Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry, local technology-focused new outlet ITWeb reported on June 10.
[Source: Cointelegraph] ✩✩✩
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