Today in the news:
- Bittrex has signed a banking agreement that will allow corporate investors to trade selected cryptocurrencies for fiat.
- Binance has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of blockchain and cryptocurrency startups.
- An IMF official believes central banks need to offer 'better' fiat currencies in order to fend off potential competition from cryptocurrencies.
- EOS is set to formally release its software this weekend.
- And more crypto news below...
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Latest Crypto News - June 1, 2018
Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars
Bittrex Inc., a Seattle-based cryptocurrency exchange that lets users swap nearly 200 different digital coins, said it forged banking agreements that will allow some customers to trade in U.S. dollars.
Read more: www.bloomberg.com
More sources:
- US Crypto Exchange Signs Agreement to Offer Fiat-Crypto Trading to Corporate Clients
- Bittrex Launches USD Fiat Trading
- Bittrex Lands Bank Agreement to Help Customers Buy Bitcoin With Dollars
Buy bitcoin now while it's still cheap, says cryptocurrency hedge-fund owner
Bitcoin may have reached its bottom this year, Dan Morehead, founder of Pantera Capital Management, told CNBC. So now is a good time to buy. "All cryptocurrencies are very cheap right now," said Morehead, who serves as CEO and co-chief investment officer of Pantera.
Read more: www.cnbc.com
More sources:
- Buy Crypto While It Is Cheap, Says Major Crypto Hedge Fund CEO
- Pantera Capital Founder’s Advice: “Buy Bitcoin Now!”
With Russia Facing Sanctions, World Cup to Push Bitcoin Price to New Heights
Bitcoin prices could see a healthy rally as the world’s biggest sporting event, the FIFA World Cup, kicks off in two weeks. Host country Russia faces a range of economic sanctions imposed by the United States – potentially opening the door for cryptocurrency.
Read more: bitsonline.com
IMF Official: Central Banks Need to Compete With Crypto
A deputy director for the International Monetary Fund's Monetary and Capital Markets Department believes that central banks need to offer "better" fiat currencies in order to fend off any potential competition from cryptocurrencies.
Read more: www.coindesk.com
More sources:
Crypto Exchange Binance Launching $1 Billion Venture Capital Fund: Local Reports
Binance, one of the world’s largest cryptocurrency exchanges, will launch a $1 billion venture capital fund designed to incubate blockchain projects, local media outlets have reported.
Read more: www.ccn.com
More sources:
- Binance Reveals Plan for $1 Billion Blockchain Startup Fund
- Top Crypto Exchange Binance Seeks 20 Major Partners for Giant $1 Bln Fund
Norway’s Largest Bank to Explore Applications for IOTA’s Distributed Ledger Technology
DNB ASA (Den Norske Bank), Norway’s largest financial services group, and the IOTA Foundation (IOTA) have signed a memorandum of understanding (MOU), according to a press release May 31. DNB and IOTA will now reportedly cooperate to explore applications of the IOTA Tangle, a “third-generation” distributed ledger (DLT).
Read more: cointelegraph.com
The EOS Blockchain Launch: What Should Happen (And What Could Go Wrong)
The world's fifth most valuable cryptocurrency is set to formally release its software this weekend.
Read more: www.coindesk.com
More sources:
EOS Just Sent $120 Million Worth of Eth to Bitfinex
Conclusive evidence that EOS has sent 200,000 eth to Bitfinex has now been provided by the ethereum public blockchain. The EOS crowdsale smart contract has now finally been drained with just $1 million worth of eth left there at the time of writing.
Read more: www.trustnodes.com
Tenth Largest Crypto TRON to Leave Ethereum, Launches Beta Version of Own Blockchain
Altcoin TRON (TRX) launched a beta version of its independent public blockchain at 12 am UTC, today May 31, according to a press release shared with Cointelegraph. Tron is currently the tenth largest cryptocurrency by market capitalization.
Read more: cointelegraph.com
More sources:
Japanese Gov’t-Licensed Crypto Exchange Acquired by International Investor for $50 Mln
Japanese crypto exchange BitTrade has been acquired for S$67 mln ($50 mln) by a Singaporean multi-millionaire and entrepreneur, Asia One reported yesterday, May 30.
Read more: cointelegraph.com
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