The Latest News about Cryptocurrency

South Korea's national postal service Korea Post is planning to apply blockchain technology to its billing system, local news agency News1 Korea reports on June 5.

Grin developers have reached a rough agreement on a block number and expected date of activation for the crypto network's first ever system-wide upgrade or hard fork.

MakerDAO token holders voted to decrease the stability fee on the Dai stablecoin by 2 percent to 17.5 percent.

The California Society of Certified Public Accountants is seeking clarity on cryptocurrency holdings from the Financial Accounting Standards Board, according to a recent letter obtained by Cointelegraph.

The latest example of the SEC's ambiguous approach is the launch of an enforcement action against Kik Interactive, Inc. Kik is a social media platform that began issuing its own cryptocurrency in mid-2017.

The failure of the bulls to defend the 20-day EMA is a negative sign.

Most Japanese crypto exchanges have welcomed the changes, since they expect more institutional investors to join the crypto industry.

Avenir Suisse, one of the most influential think tanks in Switzerland, released a report urging the Swiss National Bank to start working on a national cryptocurrency.

Malta needs to increase its levels of anti-money laundering policing to match the growth in financial services, according to the EU. As reported by Malta Today, the European Commission said the island jurisdiction's moves to boost its cryptocurrency sector, alongside sizable financial and gaming industries, mean an effective AML regime is required.

John De Mol, a Dutch billionaire responsible for the local Big Brother and The Voice shows, filed a lawsuit against Facebook over crypto ads using his image without permission, Reuters reports on June 5.

Apple is set to launch CryptoKit, a Swift API to perform basic cryptographic operations on its upcoming iOS 13 software release.

Blockchain project Polkadot's bid for a $1.2 billion valuation has hit a snag.

Japan-based entities have failed to report their crypto gains valued at 10 billion yen over the past several years by March 2019, local national newspaper Asahi Shimbun reports on June 5.

Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5.One unnamed source told the website that the crypto services startup, called Matrix, "Will be the biggest over-the-counter desk and asset manager overnight."

Microsoft announced the development of an open-source formal Ethereum smart contract verification scheme for the Solidity programming language.

The European Union has told Malta it needs to improve the resources it has to fight potential financial crime as a result of cryptocurrency popularity, local daily news outlet Malta Today reported on June 5.

Wednesday, June 5 - most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin holds over the $7,800 mark.

The world has seen both hot and cold storage but now one company is bringing "Chill storage." ZenGo, a Tel Aviv-based firm, is promising the first non-custodial wallet without private keys, points of failure, or passwords, all with a custodian-grade experience.

Kodak Services for Business unveiled a blockchain-based document management platform during a two-day conference in New York, according to a news release published on June 5.The company says the technology enables businesses and governments to better manage sensitive documents and keep them secure - automating workflows and archiving to ensure records can be accessed in real time.

Russia's third-largest food retail firm, Dixy, has implemented blockchain technology in its corporate finance system, according to a press release shared with Cointelegraph on June 5.

Japanese tax authorities are planning to take action on the under-reporting of cryptocurrency-based profits.

A Sao Paulo court has blocked funds in bank accounts linked to Grupo Bitcoin Banco - with 726,630 reals frozen, Cointelegraph Brazil reported on June 5.Two people, along with one company, have accused GBB of engaging in abusive practices after they were unable to make conversions back into reals or withdraw funds to their bank accounts because of a temporary suspension on transactions.

Disgraced Mt. Gox manager Mark Karpeles is looking for a second act.

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

On May 26, Justin Sun, the 28-years old CEO of TRON, revealed that he was working on "Something huge and amazing" that will impact the future of TRON and BitTorrent, but that the announcement will be made in early June.

Belarus' general prosecutor has raised concerns about the role cryptocurrency could be playing in tax evasion, local daily news outlet TUT.by reported on June 4.

View Bitcoin's short-term outlook has turned bearish, courtesy of Tuesday's UTC close below the 30-day average of price.

Every miner has voting rights that are equal to the hashing power and, if a new alternative blockchain is born, the free and democratic rules of the market would determine which is the more successful coin.

Ripple, the company behind settlement-oriented crypto asset XRP, promised a higher degree of accuracy for XRP volumes and sales in a post published on June 3.

Mark Karpeles - the former CEO of the now-defunct bitcoin exchange Mt. Gox - has revealed he will serve as the chief technology officer of a new Japan-registered blockchain technology firm.