Cryptocurrencies Market Overview - June 8, 2018

Today in the news:

  • Bithumb has been cleared by local financial authorities.
  • Virtual currencies will become part of the economic practices of any country, according to a CFTC Commissioner.
  • The Chinese search giant Baidu is launching a blockchain game aimed to educate people about possibilities of crypto technology.
  • Quebec has halted approvals for new cryptocurrency mining operations.
  • And more crypto news below...

24 Hour Change

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Latest Crypto News - June 8, 2018

Which Way? Bitcoin's Low Volatility May Force Big Move

Bitcoin has been squeezed into an increasingly narrow range for more than two weeks and is now experiencing volatility not seen for eight months. As a result, it's looking likely that bitcoin could soon make a strong move, but the direction it will take when that happens is less than clear.

Read more: www.coindesk.com

More sources about Bitcoin's price:

No Illicit Activities: South Korea’s Biggest Cryptocurrency Exchange Cleared by Government

Bithumb, South Korea’s biggest cryptocurrency exchange, has been cleared by local financial authorities and the National Tax Service (NTS). While the company was ordered to pay $28 million in taxes, the government found no evidence of illicit activities, tax evasion, and suspicious business operations.
Read more: www.ccn.com

Virtual Currencies to Become “Part of the Economic Practices” of All Nations – CFTC Commissioner

United States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing financial transparency.
Read more: news.bitcoin.com

Blockchain's Once-Feared 51% Attack Is Now Becoming Regular

At least five cryptocurrencies have recently been hit with a 51% attack, a vulnerability users used to scoff at.
Read more: www.coindesk.com

Hyland: 1st Bitcoin ETF Closer To Reality

While the Securities and Exchange Commission has yet to approve any bitcoin or cryptocurrency exchange-traded products, Hyland believes that could change relatively soon. Read on to find out when Hyland sees the first crypto ETF coming to market and what form it will take.
Read more: www.etf.com

Alipay’s Parent Company Secures $14 Bln for Blockchain Development

Alipay’s parent company Ant International secures $14 bln in a Series C equity funding round for blockchain and fintech development.
Read more: cointelegraph.com

More sources:

Search Giant Baidu Is Launching a Blockchain Space Game

The Chinese search giant is this week launching a blockchain game aimed to educate people about possibilities of crypto technology.
Read more: www.coindesk.com

More sources:

Cryptocurrency Not Yet Usable as Money, Russian Rating Agency Concludes

A new Russian credit agency rating report into the usability of cryptocurrency finds that it is not currently viable as a means of payment, but it could gain popularity in the event of more international sanctions.
Read more: cointelegraph.com

More sources:

Quebec Halts Crypto Mining Approvals Pending New Restrictions

Quebec has halted approvals for new cryptocurrency mining operations while it draws up new rules and may raise energy costs.
Read more: www.coindesk.com

More sources:

EOS Block Producers Agree to Print 19,000 More Tokens

Pitchforks are out in the EOS land where frustration is growing with the continued failure to launch the blockchain after barley days of testing.

Read more: www.trustnodes.com


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I look forward to your informative posts! Upvoted!!

do you have a guess on if and or when we'll see a sustained uptrend in Bitcoin again? :)

How's your crystal ball?

I made a post yesterday on what my crystal ball says :-)

Here's the link:
https://steemit.com/bitcoin/@penguinpablo/my-expectation-for-the-bitcoin-price

We gonna have a ball next year

Thank for information. Thanks for sharing this post with us and wishing you an great day. Stay blessed

Thanks for putting everything in a nutshell where we can see the overview and key news to evaluate the crypto situation. I am your new follower from Singapore. Upvoted for posts with my little upvote! Thanks again and see you around!

In my opinion the word from the CFTC Commissioner towards Cryptocurrency is really great news for the Crypto Enthusiasts because this is an word from one of the Regulators. Crypto Sphere faced the speculations from the long time and now it's reflecting as we are moving towards the good times ahead and it's really great for us because we all faced some tough times, now hopefully the good days are ahead.

Thanks for sharing this post with us and wishing you an great day. Stay blessed. 🙂

Hey @penguinpablu this is a very good information. thanks for sharing this. and i have follow you and upvoting your post. please upvote my post friends @penguinpablu. and stay blessed.

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin6538.820$0.53%-14.14%
EOSEOS10.642$3.09%-23.67%
ETHEthereum490.913$1.44%-18.24%
XRPRipple0.545$-0.58%-18.54%