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Cryptocurrency End of Day Recap

Jun 11, 2018

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  • Canadian cryptocurrency regulators have proposed regulations aimed at Canadian cryptocurrency exchanges that transactions over CAD$10,000 will have to be reported. Canadian cryptocurrency exchanges will be treated as money service businesses (MSBs). The changes will be made to close loopholes and address deficiencies in compliance with the Financial Action Task Force (FATF)
  • Apple has just recently banned cryptocurrency mining on its iPhone devices. It released a statement that said “Apps including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining”. However, Apple does allow applications that let users trade cryptocurrencies, and store cryptocurrencies
  • Japanese technology giant Fujitsu will be using blockchain to create a rewards system for the domestic retail market. Its distributed ledger-based system will be exhibited this week at Interop Tokyo. Users will manage and collect digital stamps by scanning QR codes to redeem benefits and coupons. It is reported that Fujitsu will continue to focus on the Ethereum (ETH) blockchain and the Linux Foundation’s Hyperledger Fabric is of interest as well
  • E*Trade is looking to update its legacy data systems and focus on blockchain and AI. The firm will be looking to use AI to develop chat bots to intereact with new customers. In terms of blockchain, the firm will seek to integrate blockchain technology for wire transactions and other transactions. The firm is aiming to become a disruptor once again and leverage its brand, size and innovative spirit
  • Major cryptocurrencies are mixed at the end of the day. Bitcoin is now positive and is up 0.96% from last night's UTC close. Quantamize's AI Machine Learning 3-Day Crypto Signals were updated this morning and 6 out of 30 cryptocurrencies we model are a Buy.