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Cryptocurrency End of Day Recap

Jun 22, 2018


  • Bitfinex’s chief strategy officer, Phil Potter has left the company. Potter is also a director of “stablecoin”, or Tether. He has said that as the exchange expands into international markets, it is a natural time for him to leave the executive team. Bitfinex is the fourth-largest cryptocurrency exchange by trading volume. The exchange has experienced some controversy over its link with Tether.
  • China has released the second edition of its state-endorsed cryptocurrency and blockchain ratings. Bitcoin has received the 17th best rank, and EOS is number one. The rankings were published by the China Center for Information Industry Development (CCID). Scores were based on: basic technology, application and creativity. Rounding out the top five are: Ethereum at #2, NEO at #3, Stellar at #4, and Lisk at #5.
  • The US Senate is looking to assess the impact of cryptocurrencies on American elections. The Senate Subcommittee on Crime and Terrorism will host a meeting on June 26th, called "Protecting Our Elections: Examining Shell Companies and Virtual Currencies as Avenues for Foreign Interference". In 2014, the Federal Election Commission ruled that political campaigns and political action committees can accept bitcoin as a donation.
  • Today in a press conference, the US and South Korea announced they will coordinate their information and communication technology (ICT) policy. The two countries will also work alongside international organizations like the OECD to work towards a “more transparent and open global internet governance”, for which blockchain’s central offering of a tamper-proof ledger is a cornerstone innovation. The countries also discussed digital economy, cross-border data exchange, 5G mobile communications and artificial intelligence.