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Cryptocurrency news for today June 7

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Bitcoin, Cryptocurrency, Finance & Global News – June 7th 2020

Cryptocurrency news for today June 7

Cryptocurrency news for today June 7
CONTENT

  • Crypto Exchange Coinbase Helps US Government Track Digital Asset Transactions

  • South Korean government funder of cryptocurrency project

  • Experts Expect Bitcoin to Compensate for USD Deficit in Financial System

International consortium of news organizations developing transparency standards.

Bitcoin is negative again, but still within range. At the time of this writing, the first cryptocurrency is trading at $ 9,500. Meanwhile, a lot of interesting things are happening in the cryptocurrency world. For example, Coinbase, the largest cryptocurrency exchange in the US, will help the FBI track cryptocurrency transactions, and one of the ICON project partners will receive funding from the South Korean government..

Cryptocurrency news for today June 7

Read about how things are in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

Coinbase Helps Feds Track Cryptocurrency Movements

Cryptocurrency exchange Coinbase has partnered with the Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS) to develop a tool to track cryptocurrency movements and prevent drug trafficking and money laundering. The new analytical tool is called Coinbase Analytics. Specialists from the Coinbase Consumer, Coinbase Pro and Coinbase Custody divisions were brought in to develop the new tool. Thus, Coinbase has joined an alliance of companies that oppose the use of cryptocurrency to acquire illegal goods and substances. Currently, the alliance includes companies such as Chainalysis, Elliptic, CipherTrace and others. More details

Bitcoin will cover the dollar deficit in the world

Cryptocurrency news for today June 7

Despite the fact that the US Federal Reserve System is printing dollars at an incredible speed, there is a shortage of green currency in the world. This problem is especially acute in developing countries such as Nigeria and Venezuela. Bitcoin can become an alternative payment instrument. And that’s why. More details

Grayscale enjoys record growth in interest in its products

Grayscale’s total assets under management increased to $ 3.8 billion, the equivalent of a 50% increase over the past year. Moreover, the majority of purchases are made by institutional investors. However, there has been a growing buzz from hedge funds lately as institutions warm to bitcoin as a potential hedging tool in the event of the unprecedented stimulus policy of global central banks amid the coronavirus pandemic that has hit the global economy. … More details

ICON Godfather Receives Money From South Korean Authorities

Tech company ICONLOOP was among six projects selected to receive funding from the K-Growth fintech innovation fund, which is worth about $ 100 million and is supported directly by the South Korean government. Along with the ICONLOOP blockchain project, companies from such promising segments as Big Data, robot consultants, artificial intelligence in finance and copyrights in the music industry will have access to the funds of the largest Korean fund. Notably, ICONLOOP has become the only company selected from the blockchain technology segment. More details

Reddit co-founder announced his departure from the company

Previously, he actively advocated the introduction of cryptocurrency technologies, and also contributed to the development of its own cryptocurrency for Reddit. Alexis Ohanyan, co-founder of the popular social service Reddit, has announced his departure from the company. Ohanyan wrote about this on his official website. More details

Cryptocurrency news for today June 7

 

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