1. Litecoin.Com Now Approved In 30,000+ Stores
As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time, enabled bitcoin lightning payment on the Amazon platform. Now Flexa, a cryptocurrency payment startup is incorporating Litecoin payment into its mobile wallet. This gives over 30,000 stores in the United States the opportunity to accept Litecoin payments.
[Source: BTCNN] ✩✩✩✩
2. Social Media Outage Highlights Why Facebook Libra Cryptocurrency Puts Personal Privacy At Risk
A massive outage on Facebook and Instagram revealed hidden “tags” given to users photos on the popular social media platforms — tags that are used by the company to market to its users. It also may have revealed how their Libra cryptocurrency will become a Trojan Horse into user data.
It’s no surprise that Facebook aggregates user data and likely knows more about an individual than anyone would truly be comfortable with, but the recent issue highlights how Facebook would use transactional data of Libra usage — the company’s upcoming fiat-based cryptocurrency project — to invade the privacy of their users and market to them with chilling accuracy.
[Source: NewsBTC] ✩✩✩✩
3. Chinese news app Sina Finance unveils new cryptocurrency feature
Sina Finance, one of the largest financial news portals in China, has added a cryptocurrency index to its mobile app.
The feature, first reported by cnLedger on Wednesday, displays prices and performance of major cryptocurrencies as well as the latest industry news. The new feature is available on the Sina Finance’s mobile app, but not its web version.
[Source: TechNode] ✩✩✩✩
4. Cyprus will draft a bill on the blockchain by the end of 2019
Harris Georgiades, the Finance minister of Cyprus mentioned that the National Strategy for developing and implementing the blockchain technology is going take its first steps before the end of June 2019, as the local authorities are in the middle of drafting a bill.
[Source: Cryptopolitan] ✩✩✩✩
5. Large South Korean bank are clamping down on with tighter regulations around cryptocurrency related business
Korea’s Shinhan Bank are pushing forward a set of “special measures” where staff will be dedicated in analyzing account transactions. The bank are trying to distance itself from claims that have come up that it is helping financial criminals, occurring within the cryptocurrency market.
The alleged claims are cropping up amid a rise in the number of fraud cases involving exchanges.
[Source: FXStreet] ✩✩✩✩
6. Maduro Orders Venezuela’s Biggest Bank to Accept Crypto Petro Nationwide
The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela — the country’s biggest bank — to open desks for transactions in Petros in each of its near 790 agencies across the country.
[Source: CCN] ✩✩✩✩
7. Moderation Bot’ Blacklists Telegram Messenger Users to Tackle Crypto Scams
Blockchain advisory firm AmaZix is opening up access to its “moderation bot” to help stamp out cryptocurrency scams on popular messaging app Telegram.
Using the bot, the company has built up a blacklist of Telegram users based on data collected over two years. So far, the list contains over 50,000 banned users, according to a press release emailed to CoinDesk.
[Source: Coindesk] ✩✩✩
8. Chinese Ponzi scheme victims accuse Justin Sun of complicity through silence
Chinese victims of a billion dollar Ponzi scheme that defrauded hundreds of thousands are baying for the blood of Tron CEO Justin Sun, Chinese crypto news site Nuclear Finance reported yesterday.
[Source: DecryptMedia] ✩✩✩✩
9. Fujitsu Develops Blockchain ID Tech That Scores Trustworthiness in Transactions
Fujitsu Laboratories has unveiled what it calls “digital identity exchange technology” aimed to increase the security of online transactions.
The tech, based on blockchain, makes it possible for individuals and businesses making online transactions to confirm the identity of other parties involved. More importantly, the identification system gauges the the “trustworthiness” of the other party’s credentials, the firm said in a press release.
[Source: Coindesk] ✩✩✩
10. Craig Wright Uses Falsified Docs To Prove Innocence in Kleiman Case
Self-proclaimed Bitcoin (BTC) creator Craig Wright has allegedly provided fabricated court documents to prove a trust deed with his plaintiffs, as seen from documents revealed by trial lawyer Stephen Palley on Twitter on July 3.
[Source: Cointelegraph] ✩✩✩
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