The Best in Crypto – 6/11/18

Over the last six months, women considering investing in cryptocurrency has gone from 6 percent to 13 percent, with one in five millennial women having the desire to invest (Cointelegraph).

Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors that “seek to address a ‘number of deficiencies; that the Financial Action Task Force (FATF) outlined after their evaluation in 2015-16, namely in strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime (AML/ATF)” (Cointelegraph).

What Would Happen to Crypto In a Global Market Meltdown?

A ‘what if’ composed of opposing scenarios and low correlations (Coindesk).

Crypto Startup Wala Is Reaching Real Africans with Ethereum Micropayments

“A South Africa startup, Wala, is proving that a little ingenuity and an effective embrace of a nascent technology can make cryptocurrency a better payment mechanism than any of the traditional options many citizens of African nations currently have” (Coindesk).

Billions in cryptocurrency wealth wiped out after hack

The price of bitcoin slumped more than 7 percent after South Korea’s Coinrail was attacked by cyber thieves, stealing lesser-known cryptocurrency over Bitcoin (CNN Money).

For brave investors there’s two ways to bet on bitcoin

There are price drops and hackings, however, there are now more than 100 Bitcoin exchanges, and big banks and stock exchanges are making investments that signal crypto isn’t going anywhere (CNBC).

CFTC Subpoenas Leading Exchanges for Trading Data

The United States Commodity Futures Trading Commission is joining the U.S. Justice Department in investigating price manipulation in the spot BTC markets “after several cryptocurrency exchanges rejected a request from Chicago Mercantile Exchange for the exchanges to share trading data CME” (Bitcoin.com).

Almost 500,000 People In Switzerland Voted For A Bitcoin-Like Financial System

The campaign to shift Switzerland’s financial industry into something similar to Bitcoin’s economic system, called Sovereign Money Initiative, got 500,000 votes (Forbes).

Bitcoin price falls but doesn’t flatline

Around $9,785, some would consider it Bitcoin’s end, others its beginning (Tech Crunch).

This Japanese Exchange Will Borrow Your Bitcoin for a Yearly Fee

“In an apparent step to increase liquidity and attract users, Japanese cryptocurrency exchange Bitbank has announced a bitcoin burrowing program” (Yahoo Finance).

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