Daily Crypto Update: Charlie Lee Resigns From Coinbase to Focus on Litecoin, Hedge Funds Are Quietly Investing in Bitcoin, Russian Government To Introduce KYC Guidelines For Cryptocurrency Purchases,

Welcome to Daily Crypto Update. Today we have lots of important updates for you I hope those will be helpful to you.
let's get into today's crypto updates.

headlines:

(1)Charlie Lee Resigns From Coinbase to Focus on Litecoin
(2)Hedge Funds Are Quietly Investing in Bitcoin
(3)Russian Government To Introduce KYC Guidelines For Cryptocurrency Purchases
(4)Enigma Project Announces ‘Catalyst’ a Decentralized Hedge Fund Platform
(5)US Lawmakers Urged to Take Action Against Unlicensed Offshore Bitcoin Exchanges

let's get into today's crypto updates.

(1)Charlie Lee Resigns From Coinbase to Focus on Litecoin

Founder of Litecoin, Charlie Lee, tweeted Friday that he will no longer be working for Coinbase. He is Resigning from the company to focus on his brainchild creation, Litecoin. This news comes as a welcome surprise to the Litecoin community, who are entering into a new stage of advancement, as they recently elected to activate segregated witness.

(2)Hedge Funds Are Quietly Investing in Bitcoin

Bitcoin’s price has increased by 180 percent this year, while hedge funds have only returned 3.5 percent on average. Most hedge fund managers have stayed away from bitcoin. However, the few that have included it are extremely exceed their peers.

(3)Russian Government To Introduce KYC Guidelines For Cryptocurrency Purchases

The Russian Ministry of Finance has announced its motives to introduce KYC guidelines for cryptocurrency purchases, amidst increased user acceptance across BRICS nations.

(4)Enigma Project Announces ‘Catalyst’ a Decentralized Hedge Fund Platform

On June 6 the MIT Media Lab graduates who build Project Enigma announced a new platform called ‘Catalyst.’ The financial function claims to “empower anyone” to build their own decentralized cryptocurrency hedge fund.

(5)US Lawmakers Urged to Take Action Against Unlicensed Offshore Bitcoin Exchanges

US lawmakers have been adopted to deal with unlicensed offshore bitcoin exchanges, following a subcommittee hearing within the House of Representatives. The hearing, “Virtual Currency: Financial Innovation and National Security Implications”, is being hosted by the Terrorism and Illicit Finance Subcommittee.