1. IOTA Foundation Achieves Huge Milestone with Coordicide Release
IOTA has just made a major step towards becoming “the first permissionless and scalable DLT technology” by removing the centralized coordinator from its mainnet. The much-anticipated protocol upgrade, which is dubbed ‘Coordicide,’ will make IOTA fully decentralized.
[Source: U.Today] ✩✩✩✩✩
2. JP Morgan Modifies Its Ethereum (ETH)-Powered Quorum Blockchain by Adding Privacy Features
The blockchain team of JP Morgan banking giant has built a privacy solution for ETH-powered ledgers to allow hiding both the transferred amount and the sender as well. Privacy features, first introduced by such crypto platforms, as Monero, Zcash and others, now seem to become more in demand — even by such a major bank as JP Morgan Chase.
[Source: EthereumWorldNews] ✩✩✩✩✩
3. Kin Launches $5 Million DefendCrypto Fund to Take on the SEC
The Kin Foundation is launching an initiative called DefendCrypto.org with $5 million in order to fund a potential court battle with the Securities and Exchange Commission, the founder Ted Livingston announced on my podcast, Unchained.
[Source: Forbes] ✩✩✩✩✩
4. New Central Bank Of Egypt (CBE) Law To License Crypto Trading And Issuing Business Activities
The Central Bank of Egypt (CBE) is keen to start regulating the cryptocurrency sphere in the country. Local media reported that the draft of the bill proposes a license policy for all major cryptocurrency related activities within Egypt.
The bill currently in the approval process would allow the Central Bank’s Board of Directors to directly oversee the cryptocurrency regulations and laws in the country. These activities may include but are not limited to the trading, as well as inception, promotion, and advertising of cryptocurrency related projects.
[Source: BitcoinExchangeGuide] ✩✩✩✩
5. BaFin Warns of Crypto Exchange CoinBene on Alleged Hiring in Germany
Germany’s financial watchdog BaFin has published a statement warning of the activities of crypto exchange CoinBene, which was flagged for allegedly offering cryptocurrency-focused trading products without complying with its financial legislation.
[Source: FinanceMagnates] ✩✩✩
6. MakerDAO Finally Approves DAI Fee Decrease After 11-Day Deliberation
After nearly two weeks of continuous voting, MakerDAO token holders have officially activated a decrease to DAI stablecoin fees.
DAI is an ethereum-based token which presently maintains a soft peg to the U.S. dollar. In recent months, fees have increased dramatically for users to loan out DAI from the MakerDAO system. This was because since as early as February DAI dollar valuation had consistently fluctuated below the targeted $1.00 mark.
[Source: Coindesk] ✩✩✩
7. Dubai government and UAE bank have introduced a blockchain based mortgage platform
Dubai Land Department will be introducing a blockchain solution for the housing market with a UAE bank. It will be a new efficient e-mortgage system for further assisting with processes around a property sale.
[Source: FXStreet] ✩✩✩✩
8. Bitwise Report: Bitcoin is a ‘Significantly More Efficient Market’ Despite 95% Fake Volume
Bitwise released another report on the problem of fake volume. Although 95% of the bitcoin volume is fake, Bitwise argues that the remaining 5% is a highly regulated and efficient market. Fake volumes do not obscure price discovery, as real investors only draw bitcoin prices from real exchanges, said Bitwise
[Source: TheBlockCrypto] ✩✩✩
9. Facebook’s Aging Users & Broke Teens Will Reject GlobalCoin: Report
According to research published on May 28 by cryptocurrency analytics firm Diar, Facebook’s payment-focused coin will fail to gain traction based upon the demographics of the platform’s user base. Despite being one of the largest social media hubs on the web, GlobalCoin adoption will face an uphill battle with Facebook’s aging population.
[Source: CCN] ✩✩✩
10. Korean Government Plans Action Over Risks of Resurgent Crypto Market
With the price of bitcoin surging to a yearly high Monday, the South Korean government has held an emergency meeting over the risk of losses for investors, CoinDesk Korea reports.
Noh Hyeong-ouk, minister for the Office for Government Policy Coordination, announced the inter-agency meeting in a government statement earlier on Tuesday, saying participants included Ministry of Economy and Finance, the Ministry of Justice and the nation’s top financial watchdog, the Financial Supervisory Commission.
[Source: Coindesk] ✩✩✩✩
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