Atlantis Hard Fork for Ethereum Classic Scheduled for September 17 Launch

The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20. As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block number 8.75 million, which is predicted to run on September 15. However, since the 15th is a Sunday, ETC Labs moved to increase the block number in order to have the projected update during the…

Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China

Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20. According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards as well as monitoring driving behavior. The report includes a statement from Chief Innovation Officer at Wanxiang, Vincent Wang, who goes into more detail on such applications, saying: “Imagine a smart transit system that…

Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers

The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 worth of Bitcoin (BTC) to regain access to data encrypted in a hacker attack, the New York Times reported on June 19. On May 29, the city experienced “a data security event” when a police department employee opened an allegedly infected email attachment, which eventually resulted in the online system breakdown. The hackers allegedly encrypted government records, blocking access to critical information and leaving the city without an ability to accept utility payments other than in person…

Bitcoin (BTC) Defying Gravity, Up 15% With Libra Tailwinds

Bitcoin (BTC) surge, adds 15 percent Brian Kelly dismissive of Libra Libra is the key that opens the door for the masses. Hosting more than two billion users, Facebook is the catalyst, introducing the world to Bitcoin and cryptocurrencies. Even so, Brian Kelly says Libra is more of a digital fiat than a cryptocurrency. Bitcoin Price Analysis Fundamentals Facebook’s Libra white paper is live. Consequently, blockchain commentators are pouring over, dissecting content, trying to come up with a fitting conclusion on what Libra is truly is. For the neutrals, Libra…

Ethereum (ETH) Price Tepid As Developers Prepare For Beacon Chain

Ethereum (ETH) range bound below $300 Path to Serenity on course, Phase Zero set for early Jan 2020 Prospects of a scalable system incorporating proof of stake algorithm with Sharding could see ETH prices surge. After Serenity, Ethereum will be scalable. That alone is enough to lift prices to $400 or higher in coming days. Ethereum Price Analysis Fundamentals There is a ray of hope as far as Ethereum 2.0 progress is concerned. Launching of Phase Zero of the Beacon Chain will be on Jan 3, 2020. To expound more,…

Regulators Discuss Cryptocurrency Legislation Ahead of G20 Summit

The cryptocurrency regulation debate is expected to be at the center of the upcoming G20 summit where representatives from various countries will evaluate the new legal action course that has been proposed by the International Financial Action Task Force. The FATF is expected to release the proposals for new international standards governing cryptocurrency business on June 21. Blockchain Representatives at G20 Event The summit has the support of legislators and it is expected to have on board Virtual Asset Service Providers (VASP) as well as national blockchain associations. This summit…

In A Bull Flag, Ripple (XRP) Prices Suppressed InSpite Of MoneyGram

Ripple (XRP) up 6.7 percent from last week’s close MoneyGram partnership is bullish for XRP Not to be overshadowed and confirming previous rumors, Ripple’s injection of $50 million in MoneyGram is strategic. With xRapid, XRP will find use meaning transaction settlement will be faster and cheaper. Even with this, prices in the last 24 hours are repressed and ranging. Ripple Price Analysis Fundamentals Western Union may have called it quits, ceasing their pilot program with Ripple’s xRapid. But that didn’t dent Ripple’s ambitions. Less than a year later, Ripple now…

Live Streaming Startup YouNow Files SEC Filing for Compliant Token Earning for App Users

Live streaming startup YouNow, which created the decentralized digital video ecosystem Props in 2017 and is backed by Union Square Ventures, has filed a public offering with the United States Securities and Exchange Commission (SEC) for its Props token. The development was revealed in a press release shared with Cointelegraph on June 19. The YouNow app — which reportedly counts 47 million registered users — has submitted its application as a Regulation A+ filing with the SEC. Pending approval, the initiative could see accredited and retail users alike globally earning…

Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange

LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant Line, is allegedly close to obtaining a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on June 20. According to the report, Japan’s Financial Services Agency (FSA) could issue the company with an exchange license as early as this month. The trading service, to be dubbed BitMax, would enable Line’s 80 million users in Japan to buy and sell multiple major cryptocurrencies, as well as Line’s native token Link, CT Japan…

Feel Lost When Finding Crypto Strategies? One Trading Platform Wants to Change That

An internationally focused trading platform says it is offering a social element to finance that has never been seen before — bringing together a strong community who can talk strategy and collaborate to achieve strong results. As well as enabling users to trade some of the world’s top stocks — Netflix, Microsoft, Amazon and Apple among them — eToro also provides access to a wide range of cryptocurrencies. Consumers can buy and sell the likes of bitcoin, ether, bitcoin cash, XRP and litecoin with ease, and receive instant updates when…