1. ‘TOTALLY ABSURD’ — NEW FATF RULES TO TURN BITCOIN EXCHANGES INTO BANKS
Intergovernmental body the Financial Action Task Force (FATF) has committed to making 200 countries treat cryptocurrency exchanges like banks.
[Source: Bitcoinist] ✩✩✩✩✩
2. Lightning Labs Developing ‘Watchtowers’ For Bitcoin Lightning Network Upgrade
With the newest version of the Bitcoin Lightning Network set to release on an undisclosed date in June, to-be-added “watchtowers” will monitor fraud on the network, preventing users from rebroadcasting old transactions to make more money.
[Source: ETHNews] ✩✩✩✩✩
3. Square Hires Ex-Google Director as First Member of New Crypto Team
Payments company Square has hired former Google director Steve Lee as the first member of its new crypto team.
A Square Twitter account teased the news Wednesday afternoon without specifying what Lee’s role at the company would be. A spokesperson for Square declined to comment.
[Source: Coindesk] ✩✩✩✩✩
4. Binance lowers its fee structure as BNB price surges
After a steady increase in the market valuation of Binance Coin, Binance DEX announced it would lower its fee structure.
[Source: Cryptoslate] ✩✩✩✩
5. Russian Authorities Sign MoU With Maersk to Officially Launch TradeLens in Russia
Russian authorities have signed an agreement with Danish logistics giant Maersk to officially launch blockchain shipping platform TradeLens, according to a press release on June 6.
As a part of the agreement, the port at Russia’s second-biggest city, St. Petersburg, will pilot the blockchain-powered logistics tool co-developed by Maersk’s tech subsidiary Maersk GTD and global tech giant IBM.
[Source: Cointelegraph] ✩✩✩✩
6. PwC blockchain expert Roman Schnider joins Tezos Foundation as new CFO and Head of Operations
Roman Schnider, the man who launched PricewaterhouseCoopers (PwC) Switzerland’s blockchain and cryptocurrency assurance division, will join Tezos Foundation as its new chief financial officer, replacing Eelco Fiole, effective in an undisclosed date this summer.
[Source: Tokenpost] ✩✩✩
7. gate.io takes Bittrex’s lead; will delist major altcoins such as XRP, EOS, and Monero for U.S users
Regulations within the cryptocurrency industry have always been tricky to maneuver around. However, the ecosystem’s uncertainty is forcing some players to take caution and guard against the changing landscape. One such initiative is being undertaken by Gate.io. The exchange announced the delisting of several cryptocurrencies including EOS, Monero [XMR], and Ripple’s XRP, among others.
[Source: AMBCrypto] ✩✩✩✩
8. Craig Wright Ordered to Personally Appear at Bitcoin Theft Mediation
Craig Wright has been ordered to appear personally at mediation to address allegations that he stole 1.1 million bitcoin (BTC) from Dave Kleiman, court documents filed on June 10 show.
The Australian entrepreneur had requested permission to appear by videoconference, arguing that physically attending the courtroom would have caused him “unjustifiable hardship.”
[Source: Cointelegraph] ✩✩✩
9. Report: 75% of EOS Transactions Churned By Bots
A damning report released by AnChain.AI has brought to the light the fact that over $6 million worth of transaction on the EOS platform is made by bots. AnChain.AI is a tech firm that provides the blockchain ecosystem with AI-powered security, and it said that the bot activity, which was both malicious and rampant run up those values in Q1 2019. The study is supposed to be the most immense of its kind done on malicious bots running on the EOS ecosystem.
[Source: Ethereumworldnews] ✩✩✩
10. GM Financial Joins $23 Million Series A Investment In Blockchain Startup Spring Labs
GM Financial, the financial services arm of General Motors that offers auto loan financing and leases to customers, extended its partnership with Spring Labs as part of a $23 million Series A investment in the technology startup announced Wednesday morning.
[Source: Forbes] ✩✩✩
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