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Weekly Hightlights: Crypto News

This week’s portion of crypto news is already here, enjoy!

What’s new on WhiteBIT?

Monero listed!

  • Great news! XMR is joining our exchange;
  • Monero is a private and secure cryptocurrency, created in April 2014;
  • XMR allows fast and inexpensive payments to and from anywhere in the world;
  • Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions;
  • XMR is paired with USDT. Have fun trading!

Rapidz listed!

  • We are glad to welcome RPZX to our exchange;
  • Rapidz aims to be the first cryptocurrency ecosystem to achieve a true POI (Proof-of-Interaction) & PoS (Proof of Stake) mechanism;
  • RPZX is paired against BTC;
  • next week, we’ll be including RPZX into our SMART Staking program, so stay tuned!

MWC Bounty: $6000 worth of prizes

  • MimbleWimbleCoin Bounty has started;
  • join the competition from 22.06 till 13.07 and get your chance to win rewards in MWC;
  • to win, pass KYC if you haven’t done it yet, be active on social media and create content about MWC;
  • more details and conditions are waiting for you on WinPlay, good luck!

Margin Trading Is Coming Soon!

  • Margin Trading will soon be available at our exchange!
  • you will be able to trade BTC, ETH, USDT, and other currencies with up to 5x leverage;
  • margin trading is a trading method that allows users to make more profit with leverage provided by a third party;
  • keep up with our latest updates and be the first to know about our improvements!

What’s new in the world of crypto?

Crypto Users Can Now Buy Fractional Shares in Google, Tesla & More

  • On Thursday, Uphold announced that they will allow users in Latin America to use cryptocurrency to acquire fractional ownership of the world’s leading companies;
  • Uphold supports dozens of cryptocurrencies, including Bitcoin (BTC). In theory, its users could acquire a stake in Amazon, Apple, Google or Tesla for as little as 10,000 Satoshis;
  • Uphold CEO J. P. Thieriot said that if locals had access to this kind of service back in 2010, they would have been able to preserve their wealth much better;
  • the press release states that there are no trading fees and the minimum investment is $1.

Australians Can Now Pay for Bitcoin at the Post Office

  • Australians can now pay for Bitcoin (BTC) at national post offices, thanks to a new collaboration;
  • according to a June 24 announcement, customers of local cryptocurrency exchange Bitcoin.com.au will be able to pay for Bitcoin at more than 3,500 Australian Post offices;
  • the firm’s CEO Holger Arians explained that he believes the new payment option will make some people more comfortable with buying crypto;
  • Bitcoin.com.au customers were already able to pay for Bitcoin at 1500 retail outlets in the Blueshyft payment network;
  • Bitcoin automated teller machines recently crossed the milestone of 8,000 units installed worldwide.

EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

  • The European Union is preparing a new cryptocurrency regime that could include stricter requirements for “global stablecoin” projects, such as Libra;
  • the bloc’s lead economics minister, Valdis Dombrovskis said Europe had to seize the opportunity to become one of the main rule-makers for digital finance;
  • although some cryptos, such as security tokens, are pretty well-covered by European law, whole bundles of them, most notably stablecoins, remain entirely unregulated;
  • some EU members have taken matters into their own hands, which damages market integration and makes it difficult for companies to operate across the whole trading bloc;
  • stablecoins, possibly like Libra, that operate on a global scale can “raise additional challenges,” Dombrovskis said — they can disrupt financial and monetary stability.

DOJ Indicts Founder of Anti-Money Laundering Bitcoin Project for Money Laundering

  • According to a court filing dated June 22, Texas resident Rowland Marcus Andrade, the founder of the NAC Foundation, allegedly raised funds by conducting an initial coin offering for tokens representing AML Bitcoin, telling investors that the tokens would ultimately be converted into actual AML Bitcoin;
  • Andrade told CoinDesk late on Thursday he was not guilty of the charges, claiming the allegations were “retaliation” for his opposition to a previous case;
  • according to a 2018 press release, NAC Foundation claimed AML Bitcoin was “the world’s only patent-pending digital currency with anti-money laundering, know-your-customer, anti-terrorism, and theft-resistant properties”;
  • Andrade tried to raise up to $100 million during the ICO, which occurred in late 2017 and early 2018, the filing claimed;
  • the fake rejection campaign centered around the National Football League, the DOJ filing said.

Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security Tokens

  • The Principality of Monaco, a popular haven for the mega-rich, has begun approving security token fundraising efforts, the first step to becoming a regulated on-chain finance hub;
  • the MoU coincides with a dedicated security token offering (STO) law voted in by Monaco’s National Council last week;
  • given Monaco’s high concentration of wealth (one in every three people is a millionaire and the place attracts hundreds of billionaires), it’s surprising it doesn’t have much of a financial center like the comparably small Lichtenstein or Luxembourg;
  • “Monaco will select between five and 15 projects a year and each of these will be looking to raise between $20 million and $200 million,” said Falempin. “So, it could mean raising around $1 billion a year.”

Stay tuned for more news!

WhiteBIT Team

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WhiteBIT is a centralized European exchange. We guarantee security, reliability and lower fees for our users. Trade your way with us! https://whitebit.com/

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WhiteBIT

WhiteBIT

WhiteBIT is a crypto exchange platform. We guarantee security, reliability and lower fees for our users. Trade your way with us! https://whitebit.com/

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