Key Facts Of The Day 21.06.2018

Korea To Tighten Grip on Crypto

South Korea is set to toughen its control over the crypto-market following an break into the Bithumb exchange. The government intends to implement the regulatory framework for the industry as soon as possible.

In case of a successful adoption of the bill, the activity of crypto exchanges will be regulated by the same rules as commercial banks.

Tether’s Audit Raises Doubts

Tether has presented a unofficial report proving the healthy status of its bank accounts. However, some believe that the document can not serve as proof that tether’s tokens are fully backed by the US dollar.

FSS itself indicated in the document was compiled without a compliance to auditing and accounting standards. However, Stu Hoegner, tether's general counsel said that Tether is not the only company for which its almost impossible to conduct a full on financial audit.

U.S. Politicians to Reveal Crypto Assets

Members of the U.S. House of Representatives will now have to disclose their crypto investments if they exceed $1,000. Thats according to a memorandum prepared by House Ethics Committee.

This memorandum was mainly set up to prevent any future conflict of interest as the official status of cryptocurrencies has not yet been determined by the U.S. lawmakers.

SEC Flooded by Complaints From Coinbase Users

The U.S. Securities and Exchange Commission (SEC) has released a 164 page document filled with complaints received from the customer of Coinbase, one of the largest cryptocurrency exchanges.

“I have contacted Coinbase over 7 times and all they say is that they have so many issues, they will get back to me and it is been a month." said one user.

Samsung Reveals Blockchain Logistics Platform

Samsung introduced Cello Square 3.0, a new logistics blockchain based platform. The project was developed by Samsung SDS, a subsidiary of the South Korean giant, according to a press release.

CelloSquare 3.0 is an innovative logistics platform that integrates the global logistics technologies of Samsung SDS, the blockchain and artificial intelligence.

At 14.15 (GMT+1) total cryptocurrency market capitalization stands at $286, 9 billion

Centrality (+38,75%) showed the best growth in the top-100

The trading volume of cryptocurrencies for 24 hours reached $12,04 (- 0,88 billion per day).

Click here for the full list of ongoing ICOs.

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By Ekaterina Ulyanova