Crypto News: 18th-24th of June (Tether, Bithumb, Enigma, Stellar, BAT, IOTA, Vechain, Request)

Market

The market recorded some losses with Bitcoin briefly going under $6k. Suprisingly it has recovered and is not above 6k.

Tether 1:1 USD Backing

On 20th of June a report was released by Tether in which Washington-based law firm Sporkin & Sullivan LLP attested that as of June 1 cryptocurrency firm Tether had enough U.S. dollar reserves to back its virtual coins in circulation, according to a report released by Tether on Wednesday.

The FSS report is not a full audit of Tether, but states the law firm received statements from Tether’s two banks which indicated the company had approximately $2.55 billion in its accounts on June 1.

The report did not disclose the names of the banks and also stated “FSS did not, as part of the Engagement, arrive at any conclusions as to Tether’s compliance with applicable laws and regulations in any jurisdiction.” which means some FUD still remains.

Bithumb hacked

On 20 the of June The South Korean cryptocurrency exchange Bithumb has confirmat that 35B won ($31.5m) worth of virtual coins were stolen by hackers.

The company has officially stated that it will fully compensate the losses of its investors with company funds and has about 500 billion KRW worth of company’s fund meaning it won’t struggle financially due to hack.

The hack came only 9 days after other South Korean exchange was hacked: Coinrail which lost around $37m. Just like with Coinrail hack the market reacted badly.

Enigma’s Collaboration with Intel

On June 20th Enigma has annouced that they are partnering with Intel on research and development efforts to advance development of privacy preserving computation technologies.

As a part of this effort, Enigma will utilize Intel SGX (Software Guard Extensions) in building of the privacy technologies. Intel will be highlighting Enigma’s solutions during their keynote speech Thursday at Cyber Week 2018 in Tel Aviv

Enigma’s protocol approach is helping solve the challenges on public blockchain. The partnership will mostly concentrate on solving the largest challenges facing blockchains: privacy, security, and scalability.

Stellar Updates

On 18th of June it was annouced that Stellar Lumens has been officially approved for trading by New York financial regulators. ItBit, the second largest cryptocurrency exchange have announced the addition of Stellar Lumens to their platform.

Due to ItBit status as a fully regulated cryptocurrency exchange, this means any cryptocurrency offered by ItBit is approved by New York financial regulators.

It has also been annouced that Stellar may be ready to launch its own decentralized trading platform known as SDEX.

According to some reports, the exchange may be ready to be launched the next month, with the the plans to make changes to the core protocol which would modify how buy and sell orders are carried out on Stellar-based trading platforms.

Brave and BAT Launches User Trials

On 19th of June it was annouced that the Brave developers are ready to start voluntary testing of our ad model before we scale to further user trials.

Once they developers are satisfied with the performance of the ad system, Brave ads will be shown directly in the browser in a private channel to users who consent to see them. When the Brave ad system becomes widely available, users will receive 70% of the gross ad revenue, while preserving their privacy.

Brave incorporates Basic Attention Token (BAT) platform, which includes a new consent-based digital advertising model that benefits users, publishers, and advertisers.

In a few months, the developers will start expanded user trials, with a focus on the impact of rewards in a user-centric ad system. Thousands of ads will be used in this phase, and users will be able to earn tokens for viewing and interacting with ads.

Vechain / IOTA / Request

Esprezzo — A VeChainThor platform solution for quickly building blockchain-based applications has been annouced. Esprezzo provides developers, enterprises and organizations easier, more elegant ways to quickly build blockchain-based, decentralized apps (Dapps),

SinoPac and the IOTA Foundation signed a partnership. The two parties will collaborate on exploring the new digital innovation landscape made possible by the IOTA Tangle technology. SinoPac is one of the largest Taiwan-based financial holding companies which operate through the Asia Pacific. SinoPac, which has been exploring blockchain and distributed ledger technologies

Users can now send payment requests on app.request.network with the following ERC20 tokens: ETH, REQ, KNC, DGX, DAI, and OMG!

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Crypto News: 18th-24th of June (Tether, Bithumb, Enigma, Stellar, BAT, IOTA, Vechain, Request)

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Kane Dane