Weekly Crypto Report (10-16 June) | What Happened This Week in Crypto

Bakkt cryptocurrency platform officially announced the date to launch physical Bitcoin Futures Contracts in a blog post on 13 June. There are many delays from the initial announcement of the Bakkt launch and finally, we are here. Bakkt will start testing of the physical Bitcoin Futures Contracts. The launch date is set to 22 July.

Social Media Giant has finally reached the point for the announcement of there new Cryptocurrency project this month as is subsequently allowing it’s employees to take their salary in respective coin, as per the reporting by CNBC on 5th of June

World’s Most popular Exchange Nasdaq and CryptoCompare are partnered together to launch the Cryptocurrency Pricing Product especially for the Institutional Investors reported on 11 June 2019. As per the report the newly developed product named “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices,” will be available for access by institutional investors on the Nasdaq-owned platform Qandl, 

World’s largest cryptocurrency exchange Coinbase launched its Crypto Debit Card in six countries of Europe reported on 11 June 2019. Normally, the Coinbase crypto card enables customers to spend cryptocurrencies like bitcoin, ethereum, and litecoin in stores through their Coinbase accounts. “the goal of the card is to make payments with digital currencies as seamless as paying with cash

The largest cryptocurrency exchange Binance announced to ban the United States (US) users permanently from using its exchange services from 2019/09/12 reported on 14 June 2019. According to their blog post, Users living in the United States Won’t Be Able To Trade On Binance Exchange from 12th September 2019

Facebook gets investment from dozens of big companies including Uber, Paypal, Visa and Mastercard for its cryptocurrency project. The news was posted by the Wall Street Journal on 13 June. Sources tell the wall street journal that firms including e-commerce, finance, telecom industries and venture capitalists have invested $10 million each for the Facebook cryptocurrency

The most popular crypto news company CCN shutdown after a big loss in search visibility on Google search engine reported on 10 June 2019. The director and founder of CCN Markets, Jonas Borchgrevink stated in the post that the main reason behind the closure is a large drop off in the users’ traffic on CCN

As per the first report of the French online newspaper Les Échos, the video game development firm Ubisoft is on the verge of implementation of Blockchain Technology to its future game release.

Famous cryptocurrency Exchange Bittrex announced to block the Crypto Traders Of US From Trading In 32 Cryptocurrencies on their exchange platform reported on 7 June 2019. According to the report, the crypto traders from US citizens will not be able to access some of the cryptocurrency markets listed on Bittrex exchange after 21 June. 

According to an official blog post on the 11th of June which suggested that the peer-to-peer (P2P) Cryptocurrency exchange firm BitMEX has reported an influx in the number of attacks related to the procurement of user account credentials has got a significant rise in the recent days.

Blockchain-based E-Money firm got regulatory approval from a financial regulator of the Financial Supervisory Authority (FME) of Iceland reported on 14 June 2019. Icelandic financial watchdog approved the Reykjavik-based Monerium which is backed by blockchain software company ConsenSys, and it uses ethereum (ETH) blockchain to provide its fiat payment services. 

Chinese multinational telecommunications company Huawei Technologies is planning to implement blockchain technology in Latin America reported on 13 June 2019. According to the report, there is a possibility for the products and services based on the blockchain to be available on the continent very early in the future, stated by a Huawei executive at the conference

The Cryptocurrency exchange firm Bitfinex to list two new exchange token over its platform namely OKEx with native utility token OKB and second a stablecoin named USDK as per there press release dated on 12th of June. Bitfinex will offer the trading pairs of the new tokens with the other significant first and digital currency

University of British Columbia (UBC) in Canada has launched the blockchain training course for the graduate students reported on 11 June 2019. The main goal of launching this blockchain training program is to develop knowledge regarding blockchain technology, and the implementation of this technology in four public benefit areas including health and wellness, clean energy, regulatory technology,

Steel company Alukönigstahl of Austria is planning to develop a steel trading database system using blockchain technology reported on 13 June 2019. According to the report, “STEEL but SMART,” named steel trading database is developing by the Alukönigstahl CEO Stefan Grüll by using the blockchain technology with the business model of aiming traditional use cases.

The Fuzhou city of China will provide the rent subsidies to encourage the development in the blockchain industry reported on 11 June 2019. The main goal is to support the Blockchain enterprises or institutions established in Fuzhou, and they will help to provide an up to 600,000 yuan ($86,800) rent subsidy every year 

World’s first crypto stamp has been launched by the post service of Austria country reported on 11 June 2019. As per the report, the crypto stamp is verifiable through blockchain technology, and the first generated 150,000 copies sold at € 6.90 apiece by the Austrian post service