Cryptocurrency News Cast For Jun 13th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 13-06-2020

๐Ÿ“ˆMarketCap:                    $269 B
๐Ÿ“Š24h Mcap %:                    3.16%
⚠️Bitcoin Dom:                  64.80%

๐Ÿ“ŒActive Coins:                  3,191
๐Ÿ“24h Vol %:                     -15.90%
๐Ÿ’ฒ24h Vol:                           $63 B

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1. South Korea to Tax Crypto Trading Like Stock & Real Estate
South Korea’s crypto scene is starting to see some positive sentiment from the authorities. As regulations become more clear-cut. As a result of years of deliberation between government ministries and members of the National Assembly. South Korea is moving to impose taxes on cryptocurrency trading. The South Korean government will introduce capital gains tax on crypto trading starting from 2021.This means that the cryptocurrency will be viewed as an asset and taxed same as stocks and real estate. Read Full on Newsasia.

2. New York Times To Detect Misinformation Using Blockchain System
The New York Times publication has revealed the successful completion of a trial for a new blockchain-based system to detect misinformation and to provide reliable metadata on various pictures found online. Through the platform, readers and social media users will be able to know who took the picture and when. The system requires a permissioned enterprise blockchain “to ensure the right members of the network have the appropriate permissions for the metadata.” Read Full on Cointelegraph.

3. Liechtenstein Bank Will Offer Crypto Custody
Mason Privatbank Liechtenstein AG has become the latest private bank to offer digital asset custody through a partnership with Hong Kong-based Hex Trust. The Liechtenstein bank has high-net-worth clients across Asia and Europe that have an interest in investing in digital assets such as cryptocurrencies, stablecoins and security tokens. Hex Trust will also connect the bank’s clients to third-party providers who can provide crypto lending, staking, borrowing and trading. Read Full on CoinDesk.

4. United States Sees Record Bitcoin Trading On P2P Platforms
Peer-to-peer Bitcoin trading activity in the United States surged to a new all-time high on Paxful Last Week. Over $24 million in Bitcoin changed hands on Paxful in the United States alongside $4.6 million traded on Localbitcoins. Meanwhile over the past seven days, overall nearly $29 million worth of Bitcoin has changed hands for U.S. dollars on leading P2P marketplaces Localbitcoins and Paxful. The past week comprised the second-strongest on record for North American trade with $29.8 million in weekly activity. Read Full on cointelegraph.

5. IOTA Helping Foster Efficient Waste Management
Lidbot, a startup that claims to be focused on transforming waste and recycling bins into smart bins says the entire waste and recycling ecosystem still relies on analog processes, paper trails, and highly inefficient systems that can be easily manipulated, resulting in illegal waste trading, dumping, and corruption. To solve these problems Lidbot has integrated IOTA’s (MIOTA) Tangle into its processes, to make it possible to easily gather important data pertaining to their waste production, pickup frequency and more. Read Full on BTCMANAGER.

6. Wilshire Phoenix Just Filed With SEC for a Tradable Bitcoin Fund
Investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC for a tradable Bitcoin fund. The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin. Wilshire’s BCT aims to allow the retail public to buy Bitcoin via shares of stock on the mainstream market, with each share backed by Bitcoin and priced according to Bitcoin’s going market rate. Read Full on Cointelegraph.

7. Ripple Building XRP Payments Corridor In Brazil
Brazil is at the center of Ripple's business strategy for Latin America, and its efforts in the country are picking up speed. Ripple Head of Global Banking Marjan Delatinne said that the San Francisco startup is actively working on developing a payment corridor in Brazil. Ripple's infrastructure for Brazil would make use of its On-Demand Liquidity (ODL) technology to ensure instant cash flow in a much cheaper way than the methods offered by banks and traditional fintechs. Read Full on Decrypt

8. JPMorgan: Bitcoin Looking Mostly Positive
JPMorgan, one of Wall Street's biggest banks and up until recently an outspoken bitcoin critic, has changed its tune on the world's number one cryptocurrency. Now, JPMorgan, has said bitcoin is looking mostly positive and cryptocurrencies more broadly have longevity as an asset class, after it managed to recover from the cataclysmic crash that sent shockwaves around the cryptocurrency back in March. The bank also notes that Bitcoin constantly bounces above the cost of its production. Read Full on bloomberg.

9. Russia's Supreme Court Used blockchain-based system to record votes
Russia’s Supreme Court for the first time used the Polys app from Kaspersky Lab to record votes in a plenary session on Friday. This voting system is based on a blockchain and is using transparent encryption. Polys is based on Ethereum and was developed with help from Parity Technologies. Jutta Steiner co-founder of Parity said: Blockchain is increasingly being implemented by a vast number of industries and decentralising the voting procedure will ensure a fair process and create a high level of trust in the system. Read Full on CoinDesk.

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