The Best in Crypto – 6/7/18

Andy Warhol Painting to Be Sold via Blockchain in ‘World’s First’ Crypto Art Auction

Blockchain platform Maecenas will hold the “world’s first cryptocurrency art auction”, and will be selling Andy Warhol’s $5.6 million 14 Small Electric Chairs at UK fine art gallery Dadiani Syndicate (Cointelegraph).

Swiss Bank Becomes First in Country to Offer Business Accounts to Crypto Companies

Hypothekarbank Lenzburg said, “As a bank that sets itself up technologically and pursues a cooperative strategy in the field of fintech, it is also a matter of credibility to work together with the young sector of crypto and blockchain companies in Switzerland” (Cointelegraph).

Dutch Central Bank: Blockchain ‘Promising’ But ‘Inefficient’ in Payments

Though declared inefficient, the Dutch National Bank does not rule out the possibility that “a better designed algorithm would be able to meet all the technological thresholds required by the Dutch financial system”. In fact, the bank will continue investing and experimenting in application development and blockchain technology (Coindesk).

The UK Government’s Official Archive Is Testing Blockchain

The National Archives (the official record-keeper of the UK government)  is investigating the use of blockchain for records sharing, dubbing it Archangel. Led by the University of Surrey, the initiative will explore the extent to which blockchain can address pressing questions related to archive management (Coindesk).

VanEck tries a third time for a bitcoin ETF

VanEck’s third attempt at a Bitcoin exchange-traded fund results in a partnership with SolidX, and according to a filing with the SEC, each share of the VanEck SolidX Bitcoin Trust is set to cost $200,000 (CNBC).

5 Things Those Who Haven’t Used Bitcoin Need To Know About Cryptocurrency

Five things to know ranging from Bitcion’s bubble to its past as a tool for criminals (Forbes).

An episode of Politico Money’s podcast (linked in article) that explains what’s happening with cryptocurrency and “the potential for new federal oversight and congressional scrutiny” (Politico).

Brian Stutland, President of Equity Armor Investments on CNBC’s Options Action segment, said, “If you want to know what the market is going in the next 30 days, look at what bitcoin did 30 days ago. When we overlay the two together, there is huge correlation between VIX and Bitcoin 30 days ago.Bitcoin is a way for investors to move money off the balance sheet of banks and into their own wallet. Essentially, they are storing them money under their pillow in the form of virtual currency. You’re worried banks are going to have some sort of credit risk. As credit risk increase, we get more volatility” (Seeking Aplha).

Bitcoin (BTC) Price Watch: Bulls Defending Channel Support

Analysis of Bitcoin’ s recent performance (Bitcoin News).

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