Today in the news:
- Wells Fargo customers can no longer buy cryptocurrencies such as bitcoin on their credit cards.
- Ethereum Classic surged by 20 percent, following the news that it is being added to Coinbase.
- South Korean banks will launch a customer ID verification powered by blockchain technology in July.
- And more crypto news below...
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Latest Crypto News - June 12, 2018
Ethereum Classic Price Jumps 25% Following News of Coinbase Listing
American cryptocurrency exchange Coinbase announced June 11 that they will support Ethereum Classic (ETC) on their platform, after which the price jumped over 25 percent.
Read more: cointelegraph.com
More sources:
- Ethereum Classic Spikes 25% on Coinbase Listing News
- Coinbase Ecosystem Working on Ethereum Classic (ETC) Support
- Coinbase Surprises in Announcing They Are to List ETC
- Ethereum Classic Price Soars 20 Percent after Coinbase Teases ETC Listing
Wells Fargo bans credit card purchases of bitcoin
Consumers with a Wells Fargo credit card may no longer use it to buy bitcoin and other cryptocurrencies. A spokesperson with the California bank confirmed the new policy in an email to CBS MoneyWatch, saying Wells Fargo would "continue to evaluate the issue as the market evolves."
Read more: www.cbsnews.com
More sources:
- US Bank Wells Fargo Bans Crypto Purchases With Its Credit Cards
- Wells Fargo Is the Latest Bank to Bar Consumers From Buying Bitcoin While Using Its Credit Cards
- Wells Fargo customers can still buy guns with a credit card, but now they can't buy bitcoin
Number of Japanese Bitcoin Spenders Slowly but Steadily Increasing Says Bic Camera
A year after the Japanese government recognized cryptocurrency as a legal form of money, bitcoin payments are steadily going mainstream. Bic Camera is one of the most profitable electronic, cosmetic and duty-free goods stores in Japan. It has now revealed that even though less than 1% of payments have been made in BTC since it started accepting bitcoin last year, the number of Japanese bitcoin spenders is slowly and steadily increasing, it observed.
Read more: news.bitcoin.com
Korea Will Regulate Cryptocurrency Exchanges Like Commercial Banks, Legitimizing Industry
The Korea Financial Intelligence Unit (KFIU) and other local financial agencies will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering (AML) policies to ensure criminals do not utilize cryptocurrencies to finance illicit operations.
Read more: www.ccn.com
Korean Banks Can Use Blockchain to Verify Customer IDs from July
A national banking group in South Korea is to roll out a blockchain-based ID verification system for domestic commercial banks in just weeks.
Read more: www.coindesk.com
More sources:
Crypto Exchange Binance to Offer Fiat-Crypto Trading via Malta-Based Platform
Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta-based exchange, a Binance representative told Cointelegraph.
Read more: cointelegraph.com
Report: TRON Cryptocurrency Founder Acquired BitTorrent
Software company BitTorrent Inc. has reportedly been sold to blockchain entrepreneur and developer of the TRON platform, Justin Sun, Variety reported.
Read more: cointelegraph.com
IOTA Chosen To Operate Volkswagen’s Autonomous Vehicle Software Updates
Internet of Things (IoT) and autonomous driving vehicle technology continues its march forward as Volkswagen announces their new partnership with IOTA to deliver a new proof of concept at the Cebit Conference 2018 today.
Read more: cryptovest.com
The EU Wants to Hear Your Questions About Blockchain
An organization established by the European Commission to focus on blockchain research and development is soliciting questions from the general public about the nascent technology.
Read more: www.coindesk.com
EOS Block Producer Votes Trickle In, Still Far from 15% Mark
The EOS community voting is underway, but seems to be dragging slowly. The target for the EOS blockchain to activate with a set of 21 elected Block Producers is 15% of all EOS should vote. For now, just about 3.45% of coins have voted.
Read more: cryptovest.com
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