Crypto News: 4th-9th of June (Bitcoin, Walton, IOTA, Vechain, Bithumb, Coinbase, Streamlabs)

by birtanpublished on October 2, 2020

Hello dear capricorns and welcome to another to the currency news video now today's night of June and I'm looking at different news that happened this week as always I picked the most interesting ones and quite a lot of stuff actually happened this week which is why I had to be pretty picky I do hope this video will be useful and thank you very much for watching we will begin as we always do with the market situation which is OK ish this week there are small gains for most of the cryptocurrencies with few exceptions there Ickes of neo and iota lost in value but most of the cryptocurrencies actually gained but

Nothing significant I mean bitcoin is only plus 1% all the other alt coins gained a little bit of value as well but overall it's ok so no major changes but it does seem like the overall trend it's still kind of upwards hopefully we can continue that with next week as well then we have the first news and we having is about Walton which they opened a blockchain Institute so on 6 of June it was announced that the Walton blockchain Institute a non-profit foundation officially approved and will be Anna she was by the time of this video launched on 8th of June so it was

Launched just yesterday other Institute was authorized and supported by the ministry of science and ICT of the government of the Republic of Korea so there's a Korean project in cooperation of the current standards Association the Walton the Austrian Institute will launch a blockchain and already did launch related to training courses graduates will receive a blockchain expert qualification certificate their first examinations will be held in the second half of the year so it's something that's already operational but obviously the first examinations will be

At the later date it's not only to train blockchain related times but also provide support and help for start-up companies as well the Institute will provide office space for those as well as venture capitals for startups with innovative idea so all of this should promote the healthy and sustainable development of the blockchain industry not only in South Korea we see what the project is based but also Asia in general so very good news especially for Walton as a project but also for blockchain in general and cryptocurrency in general as well then

We have news about iota and the project called cubic are the basically released a bunch of details about it so on 4th of June I would has announced the details of their upcoming qubit project they explained that it's a protocol that specifies IATA solution for quorum based computations sounds quite complicated I will explain more in a second and that includes the contract such as Oracle machines which are basically the servers that verified the network outsource computations or like a cloud computing and smart contract so that I could be sailing for example a quorum is the

Minimum number of votes that a distributed transactions has to obtain in order to be allowed to perform an operation on a distributed system very simplified explanation but it does kind of make sense it's a basically away for the different transactions or small contract to be deployed on the iota network they provide general purpose cloud or fog based permission lines multi processing capabilities on the tango in the long term it will allow the people to leverage worldwide usage of the unnies computing capacity of the computational needs so kind of like the

Goal a more I exit sonim except it's going to be running on the tango which is very interesting mostly because tango obviously doesn't have any fees for the transactions on it the project is super ambitious and it does show the potential of the tango as a global database of data computing power and as a connector of the all IOT devices now the price actually decreased the price of iota tokens but that's understandable because the price increased by a lot when this project was announced so it's the usual buy before and then sell Denise wants the news is

Announced still very impressive and so something that will be definitely very good and interesting for iota in the long run then have news about V change so they did just announced that the public test net was basically owned and also additional ions the visions or public testman has been released on 8th of June so basically yesterday both of the code being available in github with over 2k comets and seven contributors which was indicate quite a lot of development activity which is obviously great for the project in general additional

Additionally a day before that on 7th of June under the direct guidance of the two government bodies called Shanghai Municipal commission of Commerce and Shanghai liquor monopolies administration retain their DNV GL which is that the company had a partnership with the IG the Business Information Center of Shanghai and eight other government bureaus and enterprises formed something called the Shanghai wine and liquor blockchain alliance so they aim to establish a corporate platform for the research and development of alcohol production

Companies alcohol trading enterprises and technology providers and Shanghai in order to build a solution or basically try tracing you know how the alcohol being produced and was being sold to that type of a thing so pretty much the perfect use case for V chain if you think about it because they did focus like alcohol was one of the things that they have focused initially on so it doesn't make sense and it's very good for the project that they are a member of this and also the fact that the public tenant has been released it's also a very bullish time for the project

In general that should certainly clear some of the Earth's entities about it they don't have a news of abyssum and the fact that they did pass the earth tax audit that they had so 7th of June it was another bit some South Korea's largest crypto currency exchange has been cleared of all the charges allegedly that not the fact that they had a tax division for the year 2017 so decision to drop the charges first announced on June 8th following an intensive audit of the accounting records the company paid its normal tax bill of 28 million and Korean Won in

Mid-april they reported a net profit of 240 207 that so four hundred and twenty seven billion Korean Won that can read for the year 2017 which is basically a hundred and seventy one increase of the profits of only 2.5 billion in 2016 which kind of shows how far cryptocurrency came when you compared it to I already converted from 2016 to 2017 so the audit did report that begin in January when the South Korean National Tax Service basically sent several agents from the from its cell office to the headquarters over the course of the next three months the

Agents collected data regarding the income that the exchange was receiving and obviously in the end they realized all the tax was paid just as it should have been paid it's really impressive numbers to like how much money that she generated and how much tax they had to pay it kind of shows how mainstream cryptocurrency is becoming based on those figures alone and obviously that's the fact that they weren't actually doing anything illegal is very good for cryptocurrencies in Korea especially especially since there are the biggest exchange doesn't have news about

Coinbase in the fact that they did obtain a whole bunch of different licenses so on 6th of June it was announced that corn base isn't tracked to operate a regulated broker dealer pending approval by the federal authorities so if approved they will be capable of offering blockchain base securities under the oversight of the US Securities and Exchange Commission and the Financial Industry Regulatory Authority in difficult words this step forward is being made possible by the acquisition of a broker-dealer license and internment of trading system license

And a registrated investment advisor license now Congress the basically trying to dominate this sector and be the first cryptocurrency exchange that will offer a securities for sale as well by securing these licenses there are aiming to be the most trusted way for users to buy sell and use many different crypto classes obviously they already do offer that but they do want to go that step further by offering other assets as well and as a result dominate the market even further because they are the most popular way they most popular up for people to buy their first cryptocurrency

And I person for example use it well gee that is the same thing and I used that to get some of the money back from crypto as well so certainly a very good news for them and very under step in the right direction then we have last news which is about streaming apps which means they will be accepting cryptocurrency so on the 1st of June it was announced that the stream apps broadcasters can now accept cryptocurrencies tips via Bitcoin in serum litecoin and Bitcoin cash as well as more in the future apparently if you don't stream apps is is a popular twitch

Streaming up and twitch which is owned by Amazon is the biggest streaming platform so that means that people either stream video games other lives life and you know people watch it there were these coin base as its payment processor so streamers will need to connect the service to their coin base account which is also very bullish sign for current base as a company in general after streamers have linked your accounts viewers were automatically have the option to tip using the cryptocurrency settlements initially the forward owes for cryptos but in the

Future possibly more stream apps also supports other less popular streaming platforms like YouTube makes it Facebook live and others the company said that it paid more than 35 million in tips during the first quarter twitch streamers can also accept cryptocurrency donations but obviously brave browser if they register asked verified publishers so this is quite interesting is I mean both twitch and stream apps are pretty big deals obviously you can always accept cryptocurrency tips if you want but the fact that is actually incorporated within the app is a very bullish sign

And I will certainly we will probably see quite a lot of usage of it in the future thank you very much for watching I hope this video was useful like I said it was just the most interesting news from this week if you do like these videos make sure you subscribe for more and as always I appreciate you taking time of you there to watch them thank you very much and I do love you Cheers bye

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