Morning Brief 05.06.2018
Main page Digest, Cryptocurrency, Blockchain, Cryptocurrency Exchanges
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June 5, 2018
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OKEx to Offer its Own Crypto-ETF

OKEx Exchange, one of the largest platforms for digital assets trading, has launched the OK06ETT, a cryptocurrency ETF which includes Bitcoin, Ether, Bitcoin Cash and EOS, and OKB - OKEx own token. According to the announcement, the new instrument is to be traded against the tokenized dollar, which will be the USDT token from Tether's cryptocurrency startup, with the minimum threshold for investments to be around the $100 mark.

Coinbase Plans to Enter Japan

Coinbase, the largest American crypto exchange announced its plans to open subsidiary operating in Japan. Crypto exchange intends to apply for a necessary license from the FSA since April 2017, as this process is compulsory for all organizations involved in cryptocurrencies transactions.“Upon our business registration with the FSA, Coinbase services available to Japanese customers will be provided with Japanese language translations for ease of use.”- Coinbase promised in it’s official statement.

Bitcoin Сommunity Calls to Abandon GitHub

Bitcoin Core developers along with the other crypto enthusiasts have reacted negatively to the announcement that Microsoft has reached an agreement to take over a software development platform GitHub. The move comes despite that in the past GitHub reiterated its will to remain autonomous, even planning to enter the IPO in 2017. But the company has been without a CEO ever since its co-founder Chris Wanstrath left his post in August 2017 and has not turned a profit ever since its creation a decade ago. So the timing of the takeover is coming in handy for the financial stability of the company, and less do for the users, which are now calling to abandon GitHub in favor of an independent platform. The main alternative appears to be a long term rival of GitHub, the GitLab repository. #movingtogitlab hashtag is gaining popularity among the Twitter users.

Ripple Donates $50 Million to Top Universities

A startup behind the 3rd largest cryptocurrency by capitalisation - Ripple (XRP/USD) looks to speed up the growth of the blockchain and crypto technologies. It has committed to donating $50 million to 17 leading universities to boost academic blockchain research. Interestingly, the donation will be conducted in dollars, not in XPR. University Blockchain Research Initiative aims for the donated funds to be applied on research and development projects relating to blockchain, cryptocurrency and digital payments. Some of them will involve the technology exploited by Ripple and its cryptocurrency (XRP ) - but that is not a requirement since company will allow for universities to choose their own paths of research.

McAffee Launches 2020 Presidential Bid

John McAfee says he is once again ready to contest for the top seat in America as he seeks to improve conditions for the crypto community with his pro-cryptocurrency platform. It is not yet clear if John McAfee will run as part of the Libertarian partly like in 2016 or he will create his own party to promote his agenda. However, what he did say is: “Don't think that I have a chance of winning. I do not.” as he is instead hoping for a platform to express his views.

At 12.00 (GMT+1) total cryptocurrency market capitalization stands at $335,2 billion

Bitcoin (Bitcoin) $7 456,78 (-1,74%)

Ethereum (ETH/USD) $591,21 -1,77%)

Ripple (XRP/USD) $0,65 (-0,28%)

Bitcoin Cash (Bitcoin.Cash) $1 073,63 (-5,27%)

EOS (EOS/USD) $13,57 (-1,85%)

Huobi Token (+15,40%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached to $15,8 billion (-0,9 billion per day)

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