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BitDigest July 6 · Issue #693

Jul 6, 2020
Author
Gregory Landegger
Gregory Landegger
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  • Crypto pricing improves as BTC dominance falls to lowest level in months
  • The Bank of Japan provided an analysis on the issuance of a digital Yen
  • Lithuania plans to issue the Eurozone’s first central bank digital currency next week
BitDigest July 6 · Issue #693

The Headlines

BitDigest July 6 · Issue #693

Bank of Japan Exploring Pros and Cons of Digital Yen

www.decrypt.co
The Bank of Japan published a report on the pros and cons of issuing a digital Yen and found that their digital currency needs to be “resilient” and “universally accessible” for it to be viable.
BitDigest July 6 · Issue #693

Lithuania Ready to Release CBDC

www.reuters.com
Lithuania plans to begin selling LBCOINs, its central bank digital currency (CBDC) and the first central bank-produced digital coin in the euro zone, next week.
BitDigest July 6 · Issue #693

Philippines Threatens Punishment to Unauthorized Crypto Entities

www.sec.gov.ph
The Philippines Securities and Exchange Commission issued a public warning against unauthorized (non-registered) activities under the guise of cryptocurrency trading and online selling threatening a fine and imprisonment of up to 21 years.
BitDigest July 6 · Issue #693

Russia Investigating Fraudulent GRAM Offering

www.cointelegraph.com
Russian prosecutors are reportedly investing a potentially fraudulent token offering that sold Telegram’s unlaunched native token, GRAMs, to Russian entrepreneurs.
BitDigest July 6 · Issue #693

IRS Looking for Help with Privacy Coins

www.beta.sam.gov
The Cyber Crimes Division of the Internal Revenue Service published a Request for Information looking for a system that will allow developers and testers to conduct investigative research of distributed ledger transactions involving privacy cryptocurrency coins (e.g., Monero (XMR), Zcash (ZEC), Dash (DASH), Grin (GRIN), Komodo (KMD), Verge (XVG), and Horizon (ZEN)); Layer 2 off-chain protocol networks (e.g., Lightning Network (LN), Raiden Network, Celer Network); Side-chains (e.g., Plasma and OmiseGo); and tracing challenges following the integration of the Schnorr Signature algorithm.
BitDigest July 6 · Issue #693

Arcane Crypto to Gain Nasdaq Listing Through Reverse Merger

www.arcane.no
Arcane Crypto, a Norway-based investment company, is planning to go public and be listed on Nasdaq First North Growth Market through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm.
BitDigest July 6 · Issue #693

E-Gold Directors Claims US Government Buried Key Report

www.coindesk.com
Former directors of e-Gold, a 1996 precursor to Bitcoin, are charging the US government of unlawfully concealing a 2006 review from Florida’s Office for Financial Regulation that argued that the gold backed digital currency did not qualify as a money transmitter, as the asset was closer to a commodity than a fiat currency under Florida state law.
BitDigest July 6 · Issue #693

Expedia Will Accept Crypto

www.blog.travala.com
Expedia has formed a new partnership with Travala.com allowing travelers to book and pay for trips at over 2 million hotels at over 230 different countries and overseas territories using digital currencies.
BitDigest July 6 · Issue #693

Voice Launches Early

www.app.voice.com
Voice, Block.one’s EOS-based social media platform launched over the weekend, ahead of schedule, allowing viewers to register and browse the decentralized network; full registrant rights will be available after August 15th.
BitDigest July 6 · Issue #693

MetaMask Releases Version 8

www.medium.com
MetaMask the Chrome based, Ethereum wallet extension released an update (version 8) which allows users to create a special account for each different website they frequent, and provides a new connection indicator and user interface.
BitDigest July 6 · Issue #693

Brazilian Real Stable-Coin Coming to Celo

www.medium.com
Developers at open-source, stablecoin platform Celo announced plans to create a second stablecoin that limits the volatility of the US dollar against local currencies in Latin America by created a stable-currencies based on the Brazilian Real.
BitDigest July 6 · Issue #693

Brock Pierce is Running for President of the United Stated

www.twitter.com
Early crypto investor, child actor and entrepreneur Brock Pierce used the Independence Day holiday to tweet that he is running for President on the Independent ticket; a video of announcing his candidacy is available here.

Market Data

BitDigest July 6 · Issue #693

Bitcoin Volatility Falls

www.bitpremier.com
Bitcoin’s 30-day volatility has dropped to 1.25%, a new 15-month low.
BitDigest July 6 · Issue #693

Bitcoin's Correlation Gaining to S&P 500

www.analytics.skew.com
Bitcoin’s correlation to the S&P 500 has hit a two year high reaching a one-month correlation of 65.8 and one-year of 37.2%.
BitDigest July 6 · Issue #693

Blockchain and IOT Could Save Food Industry $155 billion per Year

www.cointelegraph.com
Cointelegraph Consulting issued a report on the impact of blockchain and IOT across the food supply chain and forecasts that these technologies cold save the food industry up to $155 billion per year.

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