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🍀Coinbase Index Fund is now open for investments of $250,000 to $20M. The Index Fund gives investors exposure to all assets listed on our exchange, weighted by market capitalization. At this stage, Coinbase Index Fund is only open to US-resident accredited investors.
🍀Binance has signed a memorandum of understanding with officials from Jersey, an island just off the coast of Britain, with the aim of launching a crypto to pound exchange in the island.
🍀Binance will support the following EOS Airdrops: IQ, DAC and EON.
🍀Swarm, the blockchain for private equity, today announced the launch of tokens representing equity in individual tech companies, allowing Swarm investors to purchase security tokens representing fractional shares in private companies. Swarm will launch tokens representing private equity starting with Robinhood, Ripple, and Didi, creating a secondary market for some of the biggest companies involved with crypto.
🍀According to security researchers from Palo Alto Networks, around 5% of all the Monero cryptocurrency currently in circulation has been mined using malware, and about 2% of the total daily hashrate comes from devices infected with cryptocurrency-mining malware.
🍀Apple has released revised guidelines for its iOS and MacOS apps that pertain to the cryptocurrency industry. The giant will continue to allow crypto wallet apps, but has also specifically barred any apps from offering cryptocurrency “rewards” for completing tasks or posting to social media networks.
🍀According to the Korea Federation of Banks (KFB), which represents major commercial banks in Korea, “BankSign,” a blockchain-based identity verification program, will officially be launched in July.
📉Rates:
Bitcoin: $6,516 (−5.02%)
Bitcoin Cash: $859 (−9.44%)
Ethereum: $476 (−11.33%)
Litecoin: $97 (−9.65%)
Poland: no legal ban on crypto trading or exchanges
👌Polish Financial watchdog has recently clarified that cryptocurrency trading is legal in Poland and crypto enthusiasts have no reason to panic.
🤔Differing to reports by the media outlets, the Polish legal system has no laws prohibiting the operations of crypto exchanges, says the Polish Financial Supervision Authority (KNF).
💁♂According to the financial regulator’s website, cryptocurrency trading and crypto exchanges themselves are not banned by law, and therefore its transactions are “legal on the territory of the Republic of Poland.”
👀KNF circular comes days after the commission launched a media campaign to inform citizens of risks associated with cryptocurrencies markets.
👉Consequently, the financial regulator mulls to develop new laws to regulate Bitcoin and altcoins. The new regulations slated to take effect from mid-July 2018, categorize digital currencies and crypto exchange platforms as “obligated institutions.” Therefore, the Polish crypto market, by this new laws, will be under money laundering and terrorist funding (ML/TF) legislation.
📛The KNF’s circular also noted that the ban on Initial Coin Offerings remains.
🤔🤔🤔Polish Financial Authorities have on two different occasion been accused of spending taxpayers’ money on smear campaigns against cryptocurrencies. Last month, KNF held a tender order of $170,000 to plan and conduct a social media campaign that will focus on dangers of investing in crypto markets. In Mid-February, Central Bank of Poland and the KNF paid $27,000 to a famous Polish Youtube network to produce anti-crypto videos.
