4C Newsflash of June 26

June 26 1

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?Market Cap at 14:05 (UTC) – $370,521,001,698 billion

Bitcoin dominance: 61.95%

BTC $12,905(+13.93%)
ETH $347.29(+11.80%)
XRP $0.4887 (+5.73%)


Walmart China partners with VeChain

On June 25th, the Walmart China Blockchain Traceability Platform was announced at 2019 China Products Safety Publicity Week Traceability System Construction Seminar. Importantly, the platform is built on VeChain blockchain. In the beginning, 23 product lines will be launched on the platform. Additionally, VeChain expects to add another 100 product lines on the platform at the end of the year including meat, rice, fish, etc.

On a side note, the announcement was made approx. 7 hours (9:14 UTC) prior to this writing but VET already shot up ~6 hours (3:00 UTC) before the announcement.


CFTC approved LedgerX for designated contract market.

CFTC has officially authorized LedgerX to launch designated contract market which means LedgerX will be the first to launch Bitcoin futures contracts before Bakkt, ErisX, SeedCX. etc.


JPMorgan expects to launch its own crypto by the end of 2019

According to Bloomberg, Umar Farooq, the head of digital treasury services and blockchain of JPMorgan disclosed the plan to launch pilot testing of JPM coin at the end of 2019. However, JPMorgan still needs approval from the regulators to be able to operate JPM coin.


BTC’s ATM hit a new record.

According to Coin ATM Radar, the number of BTC’s ATM has reached 5009 creating a new high. Since 2017 bull run, the number of Bitcoin’s ATM has been increasing constantly. Additionally, it is estimated that the number of BTC’s ATM installation each day is 6 ATMs which is lower compared to 7.4 ATMs/day in December 2018.

‼️Twitch re-enabled crypto payment.

According to a Reddit user, Twitch has re-enabled crypto payment for the users. Twitch users can now use Bitpay to tip for their favorite streamers.


Minnesota may bans crypto donation.

In Minnesota House Bill 2884, it is stated that any party or individual is not allowed to accept or solicit a contribution or donation of digital assets. Additionally, any party or individual who violates the law will have to pay a civil penalty up to $3000. However, the bill is currently in recess.

Further reading: https://legiscan.com/MN/bill/HF2884/2019

That’s it for today.

Stay safe and happy trading.


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