Crypto News: 28th of May – 3rd of June (China, IOTA, Vechain, Request, Visa, Bittrex, Gemini)

Hello tokens and welcome to another video nice update now today's third of June and I'm looking at news that happened from 28th of May until today I always I picked up the most interesting one and as always thank you very much for watching this video we will begin with the market situation which is decent in this week so the market recorded some reasonable gains pretty ok is recovery from the downtrend we have seen the week before obviously usually whenever there's an increase in the market prices Bitcoin is known that does the worst so around 5% decrease most of the out

Points recorded an increase of around 10% was I out actually leading the way from of the monster I have selected to a 35% increase or very good gains overall pretty decent there are some Polish signs which could continue into the beginning of June in my opinion list but I don't know cryptocurrency it's usually based on any type of hype and news so any type of negative news could actually react result in reversal which we could basically sit back the prices we have seen just a week ago so this is something to consider as always now in terms of the actual

Actual news so first of all we have a news about China and the Chinese presidents on 28th of May Chinese President I'm not gonna try to pronounce his name I'm sorry said in a speech that blockchain has break for applications and blockchain as we all know is an underlying technology behind most of the cryptocurrencies out there now he said a new generation of technology represented by artificial intelligence quantum information mobile communications Internet of Things and blockchain is accelerating breakfast applications here's emphasized they need for China to

Focus on technological development and becoming the global center of science and innovation something that a lot of countries are looking into nowadays now obviously a bit controlling and icos are still banned in China this news could mean that the China values blockchain as a technology and because they want to become a science and innovation center that could mean they could look into actually a in between trading and cryptocurrency trading back in there in general so I would say it's a general pretty good bullish sign for cryptocurrency

And we definitely need to keep an eye on how this news will progress in the future and their cryptocurrency will again be allowed in China in terms of trading then we have news about iota which could explain that increase in price we have seen this week so they do have partnership with DN ba sa on 31st of May the MBA say a IND iota Foundation signed a cooperation agreement to drive open innovation and co-creation in the space of citizens centric innovation machine economy and the changeless mark data marketplaces so you probably wondering what that company is it's

Basically Norway's largest financial services group and actually one of the largest in the Nordic region in general if we are looking at the market curve now the amis Bank branches in knowing could insert postal and banking outlets post office counters internet banking and mobile services as well there's quite a lot of things that they are actually doing the group does offer a full range of financial services that include loans savings advisory services insurance and pension products for retail and corporate customers so you see there's quite a lot of stuff that

They work on the bank and iota will proactively engage with their respective ecosystem of stakeholders to co-create and explore new business models across industries industries this could result in some real-life application of the tangle now Tango's obviously the technology behind iota and something that we could see quite a lot in the future in terms of the usage it's a very interesting technology quite unique when compared to blockchain alisha blockchain is the technology behind most of the crypto so anything anything that works better than box chains certainly has a

Huge potential in the future which actually hold quite a iot because of that then you have news about beach and another one of my most significant holdings the reaching tall platform has been undergoing a series of Furth deduction security testing alpha testing code audits code testing and mobile wallet security testing now in case you're wondering when there's no date because it's like a general update about vjing they did have quite a lot of stuff happening this week because they also introduced at different partnerships

With multiple security firms during for mainly testing so they have friends like secure whole show so missed and how to improve all those at conjuring on security so basically they wanna make sure blockchain as a platform I mean reaching torrent auction platform will be pretty much secured from any type of hacks then there was news about Mustang chase very cool name it will be utilizing their V chainsaw blockchain it will be a properly regulated gullible standard validate authenticate and manage between industry in in the identity so as horses historical data

And value data transactions through the platform and the use of the fraud proof verification system as vs so it's kind of similar to the sentinel chain which i did review at some point in the past obviously that one had a different focus from focuses purely on horses there was another partnership with decent bet which is a transparent small contract based sports betting platform and online casino now originally they were supposed to be on the Experian but in news they announced that a cerium have some disadvantages and they have announced that they will be switching to

Be change instead so very bullish sign for reaching if you know we do see more companies switching from easier to be changed that could mean that Beach is actually becoming a very very good a very very significant alternative to its area then we have news about request network and they show up if I plug in on first of June a shop if I plug-in called rectify was released it's basically a simple way to accept currency payments and they Shopify store with no setup fees no monthly fees and no hidden costs now if you don't know what Shopify is it's an e-commerce platform for online

Stores and retail point of sale system with around 600 merchants currently using it Anna Grossman merchandise volume exceeding 55 billions of pretty significant numbers Thailand our requests will be integrated into that Shopify plugin very simple non-technical installation process meaning that shops can basically accept cryptocurrency in seconds if they wanted to do so something that we definitely need in terms of the wider adoption now this is great news and hopefully we can actually see pay with request other EC knowledge pay with PayPal so this is a

Definite alternative to PayPal in online shop soon hopefully it will happen we'll see in the future it's still very bullish time for requests now in terms of payment this is strictly not to recoup the currency related news but something that I wanted to highlight anyway so on the 1st of June a visa suffered a harbor failure that little and European customers unable to actually make some payments so if you went in the shop tried to buy some groceries yeah she couldn't see filling pay with your card so we had to use cash or a different card at the company's

Chief executive apologize for the trouble caused by the hardware failure which took around five hours to fix after it was publicly announced so there was actually longer than five hours to fix this issue so he said our goal is to ensure of visa payments work reliably 24 hours a day 365 days a year we fell short of this goal today and we apologize to our partners and these account holders for any inconvenience this might have cost so it's not recruit elated but I think it's a good news recruiter in general because it highlights that even they were

Established and very popular payment system like Visa cards are not free from issues and there is always a possibility of stuff going wrong not only you know for cryptocurrency but also for those big well-established companies handling payments as well so just something to remember and then we have two news about two different exchanges in their situation of Beatrix and violence some first verse of my Beatrix acquired a bank agreement that will allow the users for direct crypto USD pairs at the factory will lay the corporate clients this is a main word it will not

Be available from normal kinds just yet and it's only in some of the states in USA but it will all the users to buy and sell crypto using dollars a move that could help with the trading when you bring in more users basically and they're working with new york-based signature Bank which will hold the dollar then normal funds along with the other financial firms so there's a big good news something that would certainly not really affect anything for now but in the future of beatrix actually allows for can a feared crypto purchases and actually withdrawing money from there in

Fiat as well this is very good news also on 31st of May violence lobster docks an incubator arm of the major crypto currency exchange by Nance announced that they will launch a 1 billion balanced ecosystem fund all investments of this funds will be given to the in a form of B&B tokens which is obviously a coin issued by balance even more years cases for balance coin which actually made a video about just few days ago applicants will be required to provide the proof of qualifications fontsize team members investment cases and many other things so this is very

Good news for cryptocurrency in general and the thing especially for icos that you know may have a partnership of balance and as a result they will be able to raise money for any type of interesting projects that they have and violence in general is prob'ly my favorite exchange I quite like that they trying to branch out from being an exchange only otherwise thank you very much for watching this video if you want more videos like these make sure you subscribe and like this video as always thank you very much for watching and if you have any questions feel free to

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