Daily, June 5, ’18

Daily, June 5, ’18

VeChain, Australia, Indonesia, Bitcoin, Microsoft, GitHub, Coinbase Japan, Ripple, Steve Wozniak

  • VeChain has recently announced starting a private bug bounty on HackenProof to identify critical vulnerabilities in VeChainThor blockchain and eliminate them.
  • One of Australia’s 'big four' banks, Commonwealth Bank (CBA), has agreed to pay Australian Transaction Reports and Analysis Centre around $530 million for breaching anti-money laundering and counter-terrorism financing laws, which is ironic considering the accusations by the mainstream media that cryptocurrencies are being used primarily for money laundering and funding terrorism.
  • Cryptocurrencies in Indonesia will be regarded as commodities and the government will soon adopt additional regulations covering other aspects of the crypto sector including trading and taxation.
  • Searches for the term 'bitcoin' have dropped more than 75% since the beginning of this year, according to research from Google Trends.
  • Microsoft’s acquisition of Github has provoked protest from developers of bitcoin core and other blockchains who intent to migrate to an alternative platform as soon as possible.
  • Coinbase has revealed it will apply for a license to expand its trading platform to Japan 'within the year'. Nao Kitazawa will become a chief executive of Coinbase Japan.
  • Former SEC chairwoman is representing Ripple in XRP lawsuit for alleged sale of unregistered securities.
  • Steve Wozniak, the co-founder of Apple, strongly believes in Bitcoin as being distinct from the rest of the altcoin space: 'Only Bitcoin is pure digital gold ... and I totally buy into that'.
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