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Crypto Recap June 29: Major Bounce in the Market, Over 1k Coins Near 0 Value

Author: CoinLive News Team Jun 30, 2018 at 07:18

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HOT STORIES OF THE DAY

A Big Bounce as $20 Billion Pours Back into Crypto Markets

The bounce was expected however the magnitude of it is a very positive sign. Markets have been plummeting for weeks, and are still very low.

Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero

Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help cement its place in the bubble record books.

Line Defies Cryptocurrency Bears to Open Exchange in Singapore

Japan’s biggest messaging service, is opening a cryptocurrency exchange next month even amid Bitcoin selloff that’s fueled pessimism over the future of virtual currencies.\

Microsoft and EY Are Rolling Out Blockchain Technology for Xbox

If Microsoft and EY’s blockchain product is successful, it should shape the way video game developers, creators and publishers of all types earn money online.

Brave Browser Keeps On Growing

Brave’s monthly active users are growing 13% per month since April - and at this rate they’ll be at 5.8 million MAUs by the end of 2018.

Bank of America Acknowledges Cryptocurrencies as a Threat to Their Business

In one what may be considered as the first time that a large financial institution has gone on record to claim that cryptocurrencies may be a threat to their business.

The VeChainThor Blockchain has officially launched

At exactly 08:00:09 the first block was successfully mined. The VeChainThor Blockchain has officially launched.

New Research Suggests Suspicious Tether (USDT) Trading on Kraken Exchange

New research published today has highlighted what appears to be very unusual trading of the stablecoin - Tether (USDT) - on the Kraken cryptocurrency exchange.

A $700 Million Cryptocurrency Called Ontology Is About to Go Live

That's because Shanghai-based Ontology, a project working closely with those behind the "smart economy" blockchain Neo, is expected to launch its live blockchain on June 30.

Polish Bitcoin Association Challenges Banks Over Crypto Account Refusals

An industry group in Poland is attempting to challenge banks that are allegedly refusing to provide services for firms associated with cryptocurrencies.

Major Banks, Regulators Trial 'Know Your Customer' App on R3's Corda

A group of banks and regulators, including big names like BNP Paribas and Deutsche Bank, have conducted a trial of a know-your-customer (KYC) compliance application built...

Kaspersky Warns on Rapid Spread of Malicious Crypto Miners

Malicious actors are moving from ransomware to crypto-jacking, a leading cybersecurity firm reported Thursday.

Austrian Financial Authority Calls for Tighter Regulation of ICOs and Cryptocurrencies

Board directors of the Austrian Financial Market Authority (FMA), Klaus Kumpfmüller and Helmut Ettl, have have offered proposals for stricter regulations on cryptocurrencies.

Union Square Ventures to Invest in Crypto and Blockchain Long-Term Without Dedicated Fund

Union Square Ventures (USV), a private equity and venture capital firm, has plans to invest in blockchain and cryptocurrencies over the course of the next 10 years.

PwC Report Finds That 2018 ICO Volume is Already Double That of Previous Year

According to a joint report from consulting firm PwC and the Swiss Crypto Valley Association, Initial Coin Offerings (ICOs) are booming despite the price collapse of cryptocurrencies.

Coinbase to Open New Office in Portland, Oregon

Leading U.S. cryptocurrency exchange and wallet provider Coinbase announced today, June 28, that they are opening a new office on the west coast of the United States in Portland, Oregon.

Research: Over 1,000 Cryptocurrencies are “Dead Projects”

While not all cryptocurrencies and tokens are built to last, the math shows token projects and forked digital currencies abandoned, shut down, and scammed are far greater than one may think.

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