JPMorgan Will Pilot ‘JPM Coin’ Stablecoin by End of 2019: Report

The United States’ largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25. Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company’s intention to launch pilot testing of JPM Coin with selected clients “around the end of the year” in case if relevant regulators approve the bank to do so. According to Farooq, JPMorgan has seen an increased interest from global customers in the potential benefits of…

Kik’s Claims About Kin Blockchain ‘Inaccurate,’ Coin Metrics Report Alleges

Kik has made inaccurate claims about activity on its blockchain to the United States Securities and Exchange Commission (SEC,) a Coin Metrics report alleged on June 24. The report focused on two assertions made by the company about its Kin blockchain and eponymous cryptocurrency. In a November 2018 letter, Kik had claimed that its blockchain had “exceeded Ether and Bitcoin in daily blockchain activity, demonstrating Kin’s wide acceptance and adoption.” Coin Metrics claims daily operations, the measurement Kik used to gauge activity on its blockchain, included a high number of account creations — but many of these…

Facebook Wasting No Time Developing Recently Announced Libra Coin

Last week, the world received highly anticipated news. After the story circulated through the media ranks for months, Facebook finally confirmed it. Yes, the social media giant has moved into the crypto market, rolling out a cryptocurrency called the Libra coin. While a new venture for the company, Facebook is wasting no time jumping in. Here’s the latest happening with Facebook and the Libra coin. Facebook’s Libra Coin Needs Data Engineers This week, Facebook posted a job description indicating that it’s looking for a data engineer to work at Calibra wallet,…

Binance Coin (BNB) Likely To Retrace In Days Ahead, Capped at $38

Binance Coin (BNB) steady The road to compliance demands aligning with regulators’ needs. The loss of US clients is a blow to Binance and BNB. However, the decision will be beneficial in the long term as Binance restructure, leaning towards regulatory compliance. From the charts, BNB is stable. Nonetheless, it is the second worst performing digital asset in the top 10. Binance Coin Price Analysis Fundamentals There is a transition going on in Binance. Known for their aggressive expansions, Changpeng Zhao and team appear to be taking a step back.…

KuCoin Lists Binance Coin, Supports Binance Chain Projects

Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19. KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) and Tether (USDT). The announcement also notes that KuCoin will support projects based on Binance’s native blockchain, Binance Chain, in addition to its native coin BNB. The recent development shows that major trading institutions are putting trust in Binance’s token-vetting process on its initial exchange offering platform. At press time, KuCoin…

Facebook Enters the Crypto Space with Libra Coin

On Tuesday, Facebook and its partners unveiled its new cryptocurrency dubbed Libra coin that will transform how its over 2.38 billion users perceive the use of crypto to make purchases. Libra to Bring “Unbanked” Individuals to the System The project is offering a stable digital currency that expects to bring more unbanked individuals into the system. The Libra coin will be backed by stable financial assets and managed through a governing body. The coin is expected to make an entrance into the market in the first half of next year. The…

French Minister of Economy to Ask for Guarantees From Facebook In Regards to Its Forthcoming Coin

French Minister of the Economy and Finance intends to “ask for guarantees” from Facebook in regards to its forthcoming digital currency Libra, media outlet Europe 1 reported on June 18. The Minister of the Economy and Finance, Bruno Le Maire told Europe 1 that Facebook’s long-awaited stablecoin Libra is an “attribute of the sovereignty of the States” and should “remain in the hands of the States and not of the private companies which answer to private interests”. Le Maire stated that he will “ask for guarantees” from the social media…

Europol Reveals Gamified Coin Tracing Training for Law Enforcement at Crypto Conference

Europol — the law enforcement agency of the European Union — is hosting its sixth cryptocurrency conference, with over 300 crypto experts from law enforcement and the private sector reportedly in attendance. The news was revealed in a Europol press release published on June 14. The conference — organized by Europol’s European Cybercrime Centre (EC3) and hosted June 12-14 at the Europol headquarters in the Hague, Netherlands — is allegedly the largest law enforcement crypto event in Europe. Per the press release, the conference focused on opportunities to strengthen cooperation…

Facebook’s Global Coin Is A Threat to Bitcoin Cash, BCH Down 3.7%

BCH down 3.7 percent Facebook’s Global coin will disrupt public chains like Bitcoin cash Because of Facebook’s broad base and active users exceeding 2 billion, the Global coin is an existential threat to Bitcoin Cash. Currently, BCH is consolidating against the USD, down 3.7 percent. Bitcoin Cash Price Analysis Fundamentals Perhaps, for the neutral, Bitcoin Cash is indeed what Bitcoin failed to be. That is Cash. According to Bitcoin’s whitepaper, the peer-to-peer cash system was, first of all, supposed to be a medium of exchange. However, grappled with scalability concerns…

Crypto Analytics Firm Coin Metrics Acquires Bletchley Indexes

Cryptocurrency analytics company Coin Metrics announced that it has acquired digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes. The announcement was made in a blog post published on June 7. Per the announcement, the acquired company will be rebranded to Coin Metrics Bletchley Indexes (CMBI). The newly acquired firm — following the relaunch — “will leverage Coin Metrics’ on-chain and market data expertise to expand the family of indexes to include such smart beta indexes based on key network metrics.” Furthermore, all of Bletchley’s…