Crypto Weekly, 11th June 2019 Market News

As Facebook prepares to launch its Libra cryptocurrency, many are anticipating seeing how its use cases play out – particularly in emerging markets. Its independent crypto foundation is already under scrutiny as well, given that some users (and regulators) believe it will defend the social networking giant against any potential antitrust allegations.

Apple’s iPhone is taking its first steps into Bitcoin and crypto
Apple has been slow to adopt crypto within its own ecosystem, but that may be changing. The upcoming iOS 13 development tool includes a so-called “cryptographic” developer application that will allow anyone to build crypto-centric applications for iOS. Called CryptoKit, the company plans to launch the tool later this year.This crypto startup is hacking itself before other hackers even get a chance
Earlier this month, the Agama crypto wallet team was notified of a potential backdoor in its platform. Instead of leaving it open for hackers to access, Agama’s security team hacked their own wallet themselves – and moved all of its customer funds to a new location before any malicious actors could take advantage.Take a look at MPC, the revolutionary future of crypto security
MPC (better known as Multiparty Computation) is a new field of cryptography that just may be the answer to Bitcoin’s scaling and security woes. MPC solutions make it easier than ever to securely use private keys for crypto purposes, and also negate the issue of self-driven versus managed crypto custody. This is an excellent overview of how this technology works, and why it matters to crypto’s future.

Here are six predictions for what Facebook’s crypto project means for the industry
As Facebook prepares to launch its Libra cryptocurrency, many are anticipating seeing how its use cases play out – particularly in emerging markets. Its independent crypto foundation is already under scrutiny as well, given that some users (and regulators) believe it will defend the social networking giant against any potential antitrust allegations.

Crypto startups are raising more money than ever – with a new twist
As the crypto markets continue their upswing, crypto startups are increasingly turning to IEOs (Initial Exchange Offerings) as a reliable way to raise significant funding quickly. The new funding mechanism has become incredibly popular lately, and retail investors are getting involved as well.

One of the biggest crypto exchanges is taking on Tether with its own stablecoins
A new report alleges that Binance is preparing to issue its own stablecoins within the next month or two. This could pose a threat to Tether, arguably the world’s largest stablecoin issuer (taking up 98% of all crypto trading volume), which has also been attacked for allegedly manipulating the price of Bitcoin in recent years.

KodakCoin defends its ICO failure, and starts a new blockchain adventure
After Kodak’s ICO launch turned out to be a flop, members of its executive team put up a blog post to defend its ill-fated experiment. The ICO, called KodakONE, raised more than $5M but still hasn’t launched a viable product. That said, numerous pieces of its blockchain platform are reportedly “in development” and are being tested in anticipation of a public release later this year.

COMMUNITY NEWS

  • We just added 185 crypto exchanges to CryptoList. For this week only, access $100 off. Link
  • A new $100M crypto fund is launching with a promise of going long. Link
  • The former CEO of Mt Gox is preparing to start his next crypto venture in Japan. Link
  • You can now use BitWage to pay salaries in Ethereum and other cryptocurrencies. Link
  • India is proposing a new bill to criminalize Bitcoin trading and mining. Link
  • New research shows that 74% of crypto mining is now powered by renewable energy. Link
  • Big Brother’s creator is suing Facebook over fake crypto ads. Link
  • Track suspect Bitcoin fraud addresses with this new tool. Link
  • The SEC has officially sued Kik for its $100M ICO. Link
  • Coinbase has added DAI as the first stablecoin in its Earn program. Link
  • Top crypto media site CCN has just shut down unexpectedly. Link
UPCOMING EVENTS

Edited by KintuLabs. Reply to this email with any feedback and/or suggestions. Nothing shared or published by CryptoWeekly constitutes an investment recommendation, nor should any data or content published by CryptoWeekly be relied upon for any investment activities. CryptoWeekly strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Copyright © 2019 CryptoWeekly. All rights reserved.

 


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