Bitcoin Worth Over $9,200 as Top Cryptos See Growth

Friday, June 14 — Most of the top 20 cryptocurrencies are reporting moderate growth on the day by press time, as bitcoin (BTC) crossed the $9,200 mark. Market visualization courtesy of Coin360 Bitcoin is currently up over 6% on the day, trading around $9,250 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just over $29 billion. The…

Lithuania to Regulate Cryptocurrency Exchange Sector With Obligatory ID Checks

Lithuania is preparing new rules to govern cryptocurrency transactions, requiring businesses to prove the identity of clients, local daily news outlet Delfi reported on June 12. As part of its obligations to impose European Union anti-money laundering (AML) regulations, Lithuania’s finance ministry will seek to completely formalize crypto-based exchange operations. Parliament approved the move during a sitting on Wednesday, Delfi says, while a time frame remains uncertain for implementation. Once the rules come into effect, any transactions worth over €1,000 ($1,127) involving cryptocurrency — be it into or out of…

14 Banks, 5 Tokens: Inside Fnality’s Expansive Vision for Interbank Blockchains

The Takeaway: With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies. The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects. The consortium says it is open to working with JPMorgan, whose JPM Coin project has similar aims. Fnality’s tech partner, Clearmatics, is building these systems on a private version of ethereum. Fnality International is building the missing link in the banking…

Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So

New research from mobile mesh networking company goTenna explores how mobile communications can be decentralized with the help of bitcoin’s lightning network. Technologists have long explored how to use cryptocurrencies and blockchains to build programs where users are more in control of their data. GoTenna, the company behind mesh network devices for internet-less connections, is exploring a novel approach. To that end, the GoTenna team has released a new paper describing how decentralized mesh networks for sending “mobile communications” (such as text messages) could be powered by bitcoin micropayments. What’s…

Nash Prepares to Launch Beta Version of Decentralized Exchange

With a mission of “bringing distributed finance to everyone,” five open-source blockchain developers have come together to form a distributed finance platform using blockchain technology that allows for decentralized and non-custodial cryptocurrency trading. Established in 2017, founders Fabio Canesin, Fabian Wahle, Ethan Fast, Thomas Saunders, and Luciano Engel built Nash as an integrated financial services platform in which users could invest, trade, and make payments with digital assets. All five founders of Nash were also behind the City of Zion open-source community and continue to develop key infrastructure for the…

Inside Monero’s ‘Last Ditch Effort’ to Block Crypto Mining ASICs

Developers behind the cryptocurrency monero are ramping up efforts to keep specialized mining hardware from dominating its race for rewards. Of the coins that have a strong privacy focus, monero – launched in 2014 – possesses the largest market capitalization by far with an estimated $1.5 billion valuation. The annual mining rewards generated by the now 5-year-old blockchain total roughly $62 million, according to data site Messari. But such rewards appear to be increasingly falling into the hands of ASIC operators, nudging out smaller, independent or hobbyist participants. To keep…

Former US Senator Rick Santorum Supports New Crypto for Catholics

Former US Senator, neologism, and noted Catholic, Rick Santorum, has come out in support of Cathio, a for-profit organization that will “provide efficient, secure, and transparent movement of funds within the Catholic world.” From a release: “Cathio’s platform is designed to enable all sectors of the Catholic economy to benefit from lower costs and transparent payments,” said Cathio CEO Matthew Marcolini. Former Ambassador to the Holy See and Cathio Advisor Jim Nicholson stated, “The Church is living in a time of great challenges with the laity asking, ‘What can we…

Visa B2B Connect | Cross Border Enterprise Payments on the Blockchain

Visa announced today that it is entering the $125 trillion money-transferring market and using blockchain technology to do so. Its new product, Visa B2B Connect, is newly launched and allows businesses to transfer money across the globe faster and safer. Let’s check this out. Visa B2B Connect The company has its sights set on cross-border, business-to-business (B2B) transactions, where banks transfer money on behalf of corporate customers. The global money behemoth is using blockchain in order to make these payments faster, cheaper, and more transparent. Its newly launched distributed-ledger called B2B…

Major Crypto Media Site CCN Shuts Down, Cites Google Update for Loss of Search Visibility

This article has been updated to correct that Cointelegraph’s traffic was not affected by the Google Core Update as previously written. Top cryptocurrency media site CCN is shutting down today, June 10th, according to an announcement on their website. The post, written by Jonas Borchgrevink, director and founder of CCN Markets and Hawkfish AS, states that the reason behind the closure is a large drop off in traffic from Google searches following a June 3 Google Core Update. Borchgrevink writes that the crypto news site’s traffic fell over 71% on…

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 10/06

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. In a joint communiqué, G20 finance ministers and central bank governors have said that “technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.” This statement suggests that central banks are warming up to the new technology.…