Newsflash of June 26, 2020

Market Cap at 7:50 (UTC) – $261,407,581,401

Bitcoin dominance: 64.4 % 

BTC $9,166.25 (-0.26%)

ETH $230.65 (-1.02%)

XRP $0.180841 (-0.99%)

PayPal is said to hire crypto engineers

PayPal recently posted (https://jobsearch.paypal-corp.com/search?missing_job=true) job offerings stating that the company is hiring crypto engineer and blockchain research engineer. Both offers indicate that PayPal is looking to expand its service by studying, developing blockchain and crypto products. However, PayPal later removed crypto engineer offering.

Chinese official confirms finishing Digital Yuan's backend

According to the post on Sina (https://finance.sina.com.cn/blockchain/coin/2020-06-22/doc-iirczymk8284602.shtmlhttps://finance.sina.com.cn/blockchain/coin/2020-06-22/doc-iirczymk8284602.shtml), former Chinese central bank vice president announced that the country had completed China’s CBDC backend and the currency is in its testing phase.

Bithumb to launch IPO

A recent article (https://news.mt.co.kr/mtview.php?no=2020062410552616540&MTS_P) by MoneyToday said that Bithumb would launch an IPO soon. However, Bithumb might encounters various issues related to its shareholders, CEO and tax.


Stay safe and happy trading.

Yours,

4C-Trading

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