The Latest News about Cryptocurrency

Crypto derivatives platform BitMEX and provider of crypto data CryptoCompare will jointly build a real-time crypto futures dataset, according to a press release shared with Cointelegraph on June 10.

American technology giant Microsoft will reportedly make blockchain-based tools available to PowerApps and Microsoft Flow users, tech-focused news outlet GeekWire reported on June 10.

On June 10, the bitcoin price spiked by nearly $600 in a two-hour span, showing big momentum during a phase in which technical analysts anticipated a pullback to hit the crypto market.

Bitwage, a startup that helps companies pay their employees in cryptocurrency, has added ether as a payroll option.

Overstock.com subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services, a news release announced on June 10.The pro bono pilot project will explore how Liberia can strengthen its economy through blockchain and enhance interoperability between government departments.

The Dubai Land Department and telecoms firm Etisalat have signed a memorandum of understanding concerning real estate blockchain technology, United Arab Emirates-based outlet Gulf Today reported on June 10.The DLD works under the Executive Council of Dubai in real estate-related services, while Etisalat is a multinational, Emirati firm that serves 15 countries in the Middle East, Asia and Africa.

Ripple, the firm behind third-biggest crypto by market cap XRP, has launched a Brazilian office with the aim to expand across Latin America, Cointelegraph Brazil reports on June 10.

Weiss Ratings, an independent financial ratings agency, has downgraded EOS amid growing concerns about centralization.

Monday, June 10 - The top 20 cryptocurrencies on CoinMarketCap are showing mixed signals, with bitcoin back over the $8,000 price mark after seeing a dip under $7,900 on June 8.

The venture capital arm of the U.S. National Association of Realtors has bought a stake in blockchain-based real estate startup Propy.

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8.Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets.

Retail giant Target has quietly entered the blockchain space.

Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin, spoke about the positive uses of blockchain at G20. Cointelegraph Japan reported on Back's comments at a meeting of finance ministers and central bank governors in Japan on June 8.

Crypto platform ILCoin says it is developing a "Modern alternative to bitcoin" without scalability issues by using "Pioneering technology" called command chain protocol.

Russia's parliament, the State Duma, is considering imposing administrative responsibility for the mining of cryptocurrencies, local news outlet TASS reported on June 7.

"Next-generation" cryptocurrency Zilliqa has announced the launch of smart contracts on its platform.

The deputy energy minister of Iran has said that electricity bills for digital currency miners should be calculated in accordance to real prices, Iranian economic daily newspaper Financial Tribune reported on June 9.

The price has also established a bearish lower high at $8,135.

The G20 group of nations has reaffirmed it will align with standards for anti-money laundering and countering the funding of terrorism set to be finalized by the Financial Action Task Force this month.

In the past seven days, the valuation of the crypto market has fallen by around $30 billion as the bitcoin price dropped by nine percent from $8,567 to as low as $7,451 on major exchanges like Coinbase and Bitstamp.

The mobile bitcoin wallet project Samourai Wallet is partnering with the French hardware retailer Nodl to create a bitcoin node device that syncs with Samourai's privacy-centric mobile wallet.

At a time when there's plenty of talk about the need for crypto to standardize and regulate itself before adoption can really take off, it would now seem that lobbying on cryptocurrency-related issues is also increasing.

Cryptocurrency miners in Iran could face higher electricity bills if Iran's Energy Minister gets his way.

For too long, the most reliable means of protecting the private keys that afford the holder control over an underlying crypto asset have been too clunky, insufficiently versatile, or difficult to implement on scale.

Traders could still access the DEX via some supported wallet apps, bypassing the need to go through the website to reach the DEX service.

The Khanty-Mansi Autonomous Okrug - Yugra, a federal subject of Russia, will launch a blockchain-enabled tourism platform, major state-owned media outlet Tass reported on June 7.

Cryptocurrency exchange Bittrex announced that it will block its United States-based users from trading in 32 cryptocurrencies.

G20 finance ministers and central bank governors have asked the Financial Stability Board and global standard-setting organizations to monitor risks around crypto assets.

Bitcoin's trading volume on Coinbase recently hit its highest level since Feb. 4 of last year, which shows that the price is rising higher backed by strong demand.

The Hodler's Digest will help you track every single important news story that happened this week.