Today in the news:
- Prominent Silicon Valley venture capital firm Andreessen Horowitz has launched a $300 million fund that will focus on cryptocurrencies.
- Tether (USDT) has issued $250 million more yesterday for the first time since May.
- TRON has activated its mainnet following a migration to its independent public blockchain.
- And more crypto news below...
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Latest Crypto News - June 26, 2018
Bitcoin Price Building Relief Rally, But Resistance Hurdles Await
Bitcoin (BTC) narrowly missed scaling a key resistance level on Monday, but remains on the hunt for a corrective rally, the technical studies indicate.
Read more: www.coindesk.com
Andreessen Horowitz is launching a $300 million fund to invest in crypto
As the price of bitcoin slips to a 2018 low, top Silicon Valley venture firm Andreessen Horowitz shows it’s not backing down with the launch of a $300 million venture fund, called a16z crypto, which will invest in cryptocurrency companies and protocols.
Read more: www.businessinsider.com
More sources:
- Andreessen Horowitz Launches $300 Million Bitcoin and Cryptocurrency Fund
- Andreessen Horowitz launches $300 million crypto fund
- Andreessen Horowitz Has Launched a $300 Million Crypto Fund
- Andreessen Horowitz Starts a Crypto Fund
Tether Issues 250 Million New Tokens, Bitcoin Awaits Price Bump
In its first release since May, Tether issued 250 million new USDT coins yesterday. With Bitcoin hitting 2018 lows in the past few days, the move has fueled speculation by those who think Tether is manipulating the crypto market that the release is an effort to support the bitcoin price. But the issuance could also signal investors lining up to pounce on a buying opportunity.
Read more: bitsonline.com
More sources:
- Tether Prints 250 Million USDT
- Tether (USDT) Brings Another 250 Million, Funds Flow into Ethereum
- Controversial Tether Releases $250 Mln in USDT, Twitter Awaits Bitcoin Price Jump
Australia, New Zealand Central Banks Don’t Plan to Issue Own Cryptos
Bitcoin is “fascinating” but “inefficient,” Australia’s central bank has claimed as both it and neighboring New Zealand take a hands-off approach to their own tokens.
Read more: cointelegraph.com
More sources:
- 2 APAC Nations Have Ruled Out Central Bank Digital Currencies
- Australian Central Bank Says Bitcoin “Fascinating” But Not Useful as Money
ING: Interest in Cryptocurrency Expected to Double
According to new research from Dutch multinational banking and financial services giant ING, interest in cryptocurrency is expected to double.
Read more: ledgeble.com
More sources:
Alibaba’s Jack Ma says bitcoin is 'likely' a bubble while embracing its underlying blockchain tech
Alibaba Chairman Jack Ma is bullish on blockchain but reportedly says he would stay away from bitcoin because it could be a bubble.
Read more: www.cnbc.com
More sources:
- Jack Ma Launches Blockchain Money Remittance to Philippines, Bashes Bitcoin
- Alibaba Co-Founder Jack Ma Bashes Bitcoin, Leverages Blockchain Technology
Indian Crypto Regulations Ready in July, Official Reveals
If you thought crypto in India was over, you were probably wrong. According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. A draft framework has been prepared, and authorities in Delhi hope to “wrap this up” as early as the first half of next month.
Read more: news.bitcoin.com
TRON’s ‘Independence Day’: Tenth Largest Crypto’s Mainnet Activated
The tenth largest cryptocurrency TRON (TRX) with a market capitalization of $2.7 billion has activated its mainnet following a migration to its independent public blockchain.
Read more: cointelegraph.com
More sources:
EOS Now Has Only 100,000 Eth Left After Weeks of Selling
EOS has sold or moved around 2.5 million eth in the past 2-3 months with some 500,000 eth moved and/or sold just this ~week.
Read more: www.trustnodes.com
Japan Wants to Scrap Its Progressive Crypto Tax Rate
Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate.
Read more: news.bitcoin.com
Bitmain’s Antpool Slashes Fees, Calls Miners to Join Even as Bitmain Nears 51%
One of the biggest mining pool in the world, operated by the biggest crypto mining hardware manufacturer, has announced they are removing fees for three months, dropping them from 4% to zero. Why such decision was made is unclear, especially considering the Bitmain owned Antpool and BTC.com are now at 42% of the total hashrate, very close to the 51% threshold.
Read more: www.trustnodes.com
Circle’s Crypto Trading Platform Attracts more Institutional Investors Despite Bitcoin Fall
Goldman-backed Circle, a blockchain payments and crypto trading system provider, saw a 30% increase in institutional investors on its platform last month, even though Bitcoin lost a fifth of its value during the same period. Circle Trade, as the company’s platform is called, allows investors to trade cryptocurrency with bigger block orders.
Read more: cryptovest.com
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