The Moscow Exchange Prepares Infrastructure to Conduct ICOs

The Moscow Exchange (MOEX) is preparing infrastructure that will allow companies to conduct initial coin offerings (ICOs), which it expects to launch this year, Reuters reported June 8. The exchange is reportedly working on the development of basic infrastructure for companies to participate in ICOs and publish token sale data. According to Moscow Exchange CEO Alexander Afanasiev, the exchange will not list tokens, but provide information about the responsibilities of token issuers, in addition to descriptions of certain tokens and ICOs to investors. He added: “Right now we’re looking at…

Mastercard Files Patent for Blockchain System to Secure Card Payments

Financial services provider Mastercard has filed a patent for a blockchain system to provide faster and more secure payments on their cards, according to US Patent and Trademark Office USPTO patent filing released June 7. The patent application dubbed “Method And System For Payment Card Verification Via Blockchain” describes a public blockchain-assisted conveyance and retrieval of payment processes to verify and secure users’ information. In the document, Mastercard noted the vulnerability of existing means of “wireless transmission of payment credentials,” claiming that they can be “subject to intercept.” By implementing…

Gov’t Cryptocurrencies Can Save EU up to €76 Bln

Fabio Panetta, deputy governor of the Bank of Italy, gave a keynote address focused on central bank digital currencies (CBDCs) at the SUERF/BAFFI CAREFIN Centre Conference in Milan Thursday, June 7. Unlike cryptocurrencies – “a liability belonging to nobody” – the deputy governor stressed from the outset that a CBDC would be a liability of the central bank, backed by its assets. First addressing CBDCs as a potential means of payment, Panetta considered their advantages as “at best unclear” when compared with the existing digital payment mechanisms offered by the…

Blockchain Startup R3 May Run Out of Money by Next Year: Report

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Enterprise blockchain startup R3 is burning through cash at a breakneck pace and could be out of money by the first quarter of 2019, sources say. R3 Could Be Out of Money by 2019: Report Citing interviews with two former employees, Fortune reports that R3 — which in 2014 launched a high-profile banking consortium that sought to make blockchain technology palatable to the legacy financial sector — has run through nearly all of the $132 million it…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 08

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018. Many did not revise their target lower even after the sharp fall in January this year because they were expecting a sharp bounce…

Codius to be Launched Soon

By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons. First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation that Codius is going to kill Ethereum (ETH).  In this article, we’re going to be dissecting both of those headlines.  Codius is Back! But It’s Not Ripple’s Product Anymore In May, Stefan Thomas departed from…

Third Largest Crypto Exchange Huobi Creates New Platform in US

Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US, Financial Magnates reports Friday, June 8th. The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post earlier this week: “…is not an “arm,” “subsidiary,” “division,” or any type of “affiliate” of Huobi. Nor is HBUS to be referenced as “Huobi US” or any variant thereof. HBUS is the “exclusive US strategic partner of Huobi.” HBUS’ Medium post, dated June 5,…

Crypto Markets Remain Sluggish, While Staving Dramatic Losses

All of the top ten coins by market cap are showing minor losses today, June 8, within a range of 1 to 4 percent over the 24 hour period to press time, as Coinmarketcap data shows. Market visualization from Coin360 Bitcoin (BTC) is just about holding its ground above the $7,600 threshold, trading at $7,633 at press time. The leading cryptocurrency has seen a loss of just under one percent over the 24 hour period, failing to secure a higher price point at $7,600 after it closed at $7,694 yesterday,…

Cryptocurrency Will Become a $20 Trillion Market: Billionaire Investor

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Mike Novogratz, a billionaire investor and former Goldman Sachs and Fortress trader, told Erik Schatzker at the Bloomberg Invest Summit in New York that the cryptocurrency market is moving to the $20 trillion region. January Bubble Wasn’t Really a Bubble During the interview, which was focused on the economics of the cryptocurrency market, Novogratz was asked by Schatzker about the criticism from skeptics regarding the rapid movement of the valuation of the cryptocurrency market and the bubble-like…

South Korean Crypto Exchange Bithumb Cleared by Government

After a three-month long investigation, the South Korean government finds no evidence of wrongdoing at the Bithumb crypto exchange, local media report June 8. Bithumb is currently the largest cryptocurrency in Korea and the seventh largest in the world by trade volume, according to data from Coinmarketcap. According to reports, the investigation into the exchange began on January 10 and was conducted by multiple government agencies, including the National Tax Service (NTS), Financial Services Commission (FSC) and Korea Financial Intelligence Unit (KFIU). The government, which described the investigation as intense…