Zimbabwe Central Bank Defends Cryptocurrency Trading Ban

https://www.ccn.com/zimbabwe-central-bank-defends-cryptocurrency-trading-ban/

Korean Cryptocurrency Exchange Coinrail Suffers $40 Million Theft

https://www.ccn.com/korean-cryptocurrency-exchange-coinrail-suffers-40-million-theft/

Why Connected Cars Need a New Approach for Security
http://feedproxy.google.com/~r/Coinjournal/~3/4AUC0uj5CUg/

“The whole thing was going haywire, even the brakes failed. Very scary.” said a driver after an automotive security company hacked his vehicle in a controlled environment.   With more than 125 million cars set to be connected globally by 2022, and Gartner predicting that a fifth of all cars will have WiFi by 2020, security is […]
The post Why Connected Cars Need a New Approach for Security (https://coinjournal.net/guest-post-why-connected-cars-need-a-new-approach-for-security/) appeared first on Coinjournal (https://coinjournal.net/).

Dutch Central Bank: Blockchain Cannot Yet Support Financial Market Infrastructure

https://www.ccn.com/dutch-central-bank-blockchain-cannot-yet-support-financial-market-infrastructure/

Thailand Unveils Details of Crypto Regulations, Legalizing 7 Cryptocurrencies

https://www.reddit.com/r/CryptoCurrency/comments/8q5svc/thailand_unveils_details_of_crypto_regulations/

IoTeX is up a lot today, so I wrote up an introduction for anyone curious

https://www.reddit.com/r/CryptoCurrency/comments/8q9izr/iotex_is_up_a_lot_today_so_i_wrote_up_an/

The Periodic Table of Cryptocurrencies. 117 cryptos, arranged by function, all in one place.

https://www.reddit.com/r/CryptoCurrency/comments/8q9j25/the_periodic_table_of_cryptocurrencies_117/

Bitmain Raises $400 Million in Pre-IPO Funding, Now Valued at $12 Billion: Report

https://www.ccn.com/bitmain-raises-400-million-pre-ipo-funding-round-now-valued-at-12-billion-report/

XRP, Ripple & The Color of Money

https://www.reddit.com/r/CryptoCurrency/comments/8q9jro/xrp_ripple_the_color_of_money/

LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business

https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/

Ledger announces support for Nano S! You can also use NanoVault.io to access the ledger app

https://www.reddit.com/r/CryptoCurrency/comments/8qa835/ledger_announces_support_for_nano_s_you_can_also/

Is Bitcoin’s Price Drop a Technical Correction?
http://feedproxy.google.com/~r/Coinjournal/~3/E3Iwirl0yZ0/

Cryptocurrency exchange and investment platform eToro is attributing yesterday’s nearly $1000-dollar USD price drop for bitcoin to a technical correction in the market. Though many have differing thoughts on why the price has dropped, most are in agreeance that the hacking of CoinRail, an exchange with a tiny share of the Korean market is not […]
The post Is Bitcoin’s Price Drop a Technical Correction? (https://coinjournal.net/is-bitcoins-price-drop-a-technical-correction/) appeared first on Coinjournal (https://coinjournal.net/).

UK's Financial Watchdog Issues Letter to Banks on Crypto Risks

https://www.coindesk.com/uks-financial-watchdog-issues-letter-to-banks-on-risks-of-crypto/

KODAKCoin Inks Arena Partnership to Store NBA, NHL Photos

https://www.coindesk.com/kodakcoin-inks-arena-partnership-store-nba-nhl-photos/

Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies.
While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly. With the exception of the Falcon Private Bank, which offers (http://www.cnbc.com/2017/07/12/switzerlands-legendary-banking-system-gave-bitcoin-vote-of-confidence.html) asset management services, Hypi will be the first Swiss bank to open its arms to the crypto community.Hypothekarbank Lenzburg CEO Marianne Wildi said (https://www.finews.ch/news/banken/32069-hypothekarbank-lenzburg-marianne-wildi-krypto-blockchain-firmenkunden) that a bank like Hypi, focused primarily on technology, has to engage with the blockchain industry. "As a bank that is technologically oriented and pursues a cooperative strategy in the field of fintech, it is also one credibility to work with the young industry of crypto and blockchain companies in Switzerland."Wildi, who has advocated for the introduction of a crypto-franc (http://fintechrockers.com/wp-content/uploads/2018/01/180131-Fintechrockers_Swiss-National-Blockchain-and-Cryptocurrency_Expose%CC%81_EN_V3.2.pdf) in the past, added that while her bank is looking forward to working with crypto companies, they are well aware of the money laundering problems that come with them.She said the bank had studied the relevant compliance issues and risks associated with the industry, in addition to informing the Swiss regulators (https://bitcoinmagazine.com/articles/swiss-regulator-gives-clear-guidelines-launching-icos/) before deciding to work with crypto companies.According to Wildi, the selection process for new customers will be rigorous as Hypothekarbank Lenzburg will only consider blockchain companies after carrying out in-depth due diligence on them. The bank will use an experienced third party to analyze inquires and run background checks before the bank makes a final decision.The announcement from Hypothekarbank Lenzburg comes some few days after the Swiss Blockchain Taskforce launched a petition (https://blockchaintaskforce.ch/petition/) calling for "bank accounts for blockchain companies."Switzerland is a prime incubator for everything crypto and blockchain related. New data reports (https://poseidon01.ssrn.com/delivery.php?ID=770086120101088007119095103075108102097019000017052006005002008125002117010120029098011033116011014051125089009098090075082102119041046028050094103093105116001125064032079123015068094091017003084081098093081071120086118015114019073113030006006081083&EXT=pdf) shows the country is the largest contributor of ICO funds relative to the number of ICOs launched elsewhere. The Swiss city of Zug, known as "Crypto Valley" will also conduct its first municipal vote (https://www.swissinfo.ch/eng/system-test_-crypto-valley--zug-to-trial-blockchain-voting/44177440) using a blockchain on June 25, 2018.



This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).

Bitcoin's Price Is Below $7K And (Some) Hodlers Aren't So Happy About It

https://www.coindesk.com/why-bitcoins-price-7k-social-media-some-arent-happy/

Mystery Startup Tells the SEC It's Raising A $180 Million ICO

https://www.coindesk.com/mysterious-startup-tells-sec-raising-180-million-ico/

Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0

https://www.coindesk.com/polychain-outlier-ventures-back-blockchain-startups-plan-for-web-3-0/

Kakao, Korean Government Plan to Solve Social Problems with Blockchain

https://www.coindesk.com/kakao-korean-government-plan-to-solve-social-problems-with-blockchain/

Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store

https://www.ccn.com/apple-publishes-revised-cryptocurrency-ico-guidelines-for-app-store/

Bitcoin Price Decline Caused by Hodlers’ Unprecedented $30 Billion Sell-Off: Research

https://www.ccn.com/bitcoin-price-decline-caused-by-hodlers-unprecedented-30-billion-sell-off-research/