Daily Cryptocurrency Bulletin For Tuesday, June 11, 2019
June 11, 2019 1:10 pm
General News
Aon, the world’s second-largest insurance broker, has lined up a panel of European insurers to provide cryptocurrency coverage for clients of Metaco, a digital asset custody technology firm part-owned by telecom provider Swisscom. The offering includes a crime insurance product to institutions using Metaco’s SILO solution for hot and cold wallets.
CCN.com is shutting down after experiencing a 71% fall in mobile traffic due to a recent update to Google’s search rankings.
Target, the retail giant, is expanding its blockchain initiatives: working on a blockchain-powered solution for supply chain management, ConsenSource, along with supporting the Hyperledger Grid project, a supply chain framework to track the provenance of food. The company stated they are “in the process of a broad migration of many mainframe-based systems and middleware products to a modern platform,” in its annual report.
Universa Platform, a Russian blockchain platform, has partnered with a Russian federal subject, Khanty-Mansi Autonomous Okrug, to create a pilot area for digital services which aims to make the Western Siberian region a tourism destination and an attractive place for FDI. Universa’s blockchain platform will be integrated into government operations to control budgeting and prevent misuse of funds. A multi-language communication platform will be developed to provide a single digital ecosystem to be used by the tourism industry.
Cryptocurrencies
Bitcoin $7,831.98 USD (0.42 percent): Lightning network “watchtowers” are coming this month with version 0.7 of the LND software being released by Lightning Labs. “The importance of this release is that once deployed, any routing node can run their own tower to protect their infrastructure, also any business using [lightning network] can also start to run towers to protect their nodes,” CTO Olaoluwa Osuntokun explains.
DAI token has become the first stablecoin to be added to Coinbase’s Earn program.
Ethereum $243.72 USD (1.73 percent) has been added as a payroll option Bitwage, allowing employers to pay salaries in Ether.
Litecoin’s $127.19 USD (7.24 percent) price has hit its highest level in more than a year with its mining reward halving from 25 coins to 12.5 coins per block due on August 8. LTC rallied more than 500 percent in three months before the previous reward halving, which took place on Aug. 25, 2015.
Ripple $0.391231 USD (-0.50 percent) has launched an office in Brazil to expand its operations in South America. The new office will serve as Ripple’s hub for all South America.
Stellar $0.120501 USD (-0.80 percent): Crypto payment startup Wirex is launching a Stellar-based utility token on June 26th via an initial exchange offering on OKEx, WXT. Debit/credit card users who adopt the token can save money on bank transfer fees, wire fees and more.
Telegram’s gram token, previously sold to accredited investors in the biggest ICO of all time in 2018, is at last to be offered to the public. A limited sale of the gram token will take place on Liquid exchange July 10 before a full public sale planned for October. The sale is being made via Gram Asia, a Korean entity claiming to be the largest holder of gram token. Tokens being sold will not be released until after the Telegram Open Network (TON) goes live.
– WN.com, Jamie Saarloos
