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Cryptocurrency End of Day Recap

Jun 19, 2018

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  • Bitcoin IRA, a leading program for investors to purchase cryptocurrencies for their retirement accounts, announced that it is adding Zcash (ZEC) and Stellar Lumens (XLM) to its digital currencies list.  BitcoinIRA.com already offers Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), and Litecoin (LTC), but after customer requests, increasing acceptance, and other factors, Zcash and Stellar will be will now be available.

  • Cybersecurity expert and cryptocurrency promotor John McAfee announced today that he will put a stop to his work on Initial Coin Offerings (ICOs).  McAfee blamed “SEC threats” to his over-800,000 twitter followers when explaining why he is no longer working on or recommending ICOs.  As a result, McAfee will now be writing about “an equivalent alternative to ICOs which the SEC cannot touch.”

  • IBM iX, IBM’s digital strategy segment, partnered with ad software provider Mediaocean to provide trust, accountability, and transparency to the advertising industry.  The partnership has already enrolled major companies including Pfizer, Kelloggs, Kimberly-Clark, and Unilever to provide a complete view of the supply chain for digital advertisements, effectively cutting costs.

  • Cryptocurrency investors in Cambodia are now required to acquire a license in order to buy, sell, or trade cryptocurrencies.  The National Bank of Cambodia, the Securities and Exchange Commission of Cambodia, and the General-Commissariat of National Police made the decision to criminalize cryptocurrency trading, citing volatility risk, cybercrime, and lack of consumer protections.  It is not yet clear the specific license that one would need to obtain, or what constitutes a satisfactory application.

  • The Freedom of the Press Foundation, a nonprofit organization aiming to support and protect free speech in the media, began accepting Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Zcash as donations this past Monday.  In their first day, they raised $550,000 which will go towards to protecting journalists, whistleblowers, and furthering projects worldwide. Although only five coins are accepted now, the Freedom of the Press Foundation will also consider accepting future donations using other coins.

  • Major cryptocurrencies are mixed as of midday.  Bitcoin is trading at USD$6,774 and is up 45bps over the past 24 hours. Quantamize's AI Machine Learning 3-Day trading signals were updated Sunday 6/17/18 and will be updated on Wednesday 6/20/2018. Quantamize's AI Machine Learning CryptoFolios were updated Sunday 6/17/2018 and will be updated on Sunday 6/25/2018.

Sources:

https://www.cryptoninjas.net/2018/06/19/bitcoin-ira-adds-zcash-and-stellar-lumens-to-its-list-of-cryptocurrencies/

https://www.coindesk.com/john-mcafee-wont-promote-icos-anymore-sec-threats/

https://www.coindesk.com/ibm-mediaocean-partner-to-tackle-ad-industry-opacity-with-blockchain/

https://www.coindesk.com/crypto-trading-without-license-is-illegal-cambodia-regulators-say/

https://cointelegraph.com/news/freedom-of-press-foundation-starts-accepting-crypto-sees-550k-donation-on-first-day