Crypto Market Overview
$150 Million New #USDT #Tether Printed: What Does It Mean?
The most popular stable coin issuer Tether has printed another $150M worth of USDT. The Chief Technical Officer at #Bitfinex, who is associated with Tether, Paolo Ardoino, has weighed in, saying that the amount is authorized but not issued. The cryptocurrency has been sent to Tether’s treasury account and all of the newly printed USDT are based on Ethereum’s blockchain.
https://cryptopotato.com/150-million-new-usdt-tether-printed-what-does-it-mean/
General Motors Enters Blockchain Space, Leads $23 Million Funding Round For Spring Labs
The American automobile giant General Motors is leading the $23 million seed funding round for blockchain start-up Spring Labs. This is the company’s first foray into the world of decentralized technology, which we touted to be a thing of the future.
Spring Labs is a start-up which aims to provide blockchain based solutions for fraud protection, especially for identification related frauds. The start-up will specifically work towards helping the auto finance industry.
#CCN is Shutting Down after #Google’s June 2019 Core Update
#CryptoCoinsNews (CCN) website which was founded in the summer 2013 and has been focusing on the crypto financial market, has announced its closure on June 10th, 2019 after Google rolled out its new 2019 Core Update. CCN claims that the update caused a significant drop in user traffic on mobile devices which is more than 50%.
https://ihodl.com/topnews/2019-06-10/ccn-closing-its-website-after-googles-june-2019-core-update/
#Kodak Launches a #Blockchain-Enabled Document Management System
The legendary camera brand announced a new blockchain-based document management system, at a two-day conference in Rochester, New York.
Unlike previous Kodak-blockchain announcements, Kodak Document Management Platform is not under license to a third-party and it is an actual Kodak product.
The platform, launched under the name Kodak Services for Business, is intended for businesses and governments to store and manage sensitive documents. Kodak Document Management Platform relies on blockchain to provide efficiency and security, according to the company.
https://www.coindesk.com/kodak-launched-a-blockchain-enabled-document-management-system
$1.5M in Stolen #Bitcoin From 2016 Bitfinex #Hack Changes Address
A portion of bitcoin (BTC) stolen from Bitfinex crypto exchange back in 2016 has been moved from hackers’ wallets to an unknown address on June 7, based on several tweets by crypto transaction tracker #Whale-alert.io.
The movement of stolen bitcoins has allegedly started and it has involved six transactions to date. A total worth is about 185 bitcoin or $1.5 million at press time.
https://cointelegraph.com/news/15m-in-stolen-bitcoin-from-2016-bitfinex-hack-changes-address
Google Taps a Start-Up Smart Contract Project As Its Blockchain Partner
According to the latest reports, the technology giant Google is tapping a start-up smart contract project called Chainlink as its blockchain partner. The move depicts a deep interest by the company into the technology of blockchain. In fact, it is one of the very few blockchain projects that the company has chosen to associate itself with.
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