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Crypto Reporter

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Crypto news in brief (June 14, 2018): Coinbase, Adblock Plus, Ripple, Monero, Western Union

June 14, 2018 By Crypto Reporter

– Coinbase opens cryptocurrency index fund
– Adblock Plus to rely on blockchain to detect fake news
– Ripple says banks are not ready to process cross-border payments with blockchain in the near future
– Monero, more often than other cryptocurrencies, is used by hackers
– Western Union doesn’t plan adding cryptocurrency to its money transfer services

Coinbase has opened its index fund for accredited investors, who will have access to all cryptocurrencies listed on its exchange GDAX. The company plans to launch more funds for all investors providing a broad range of digital assets. 

***

Adblock Plus will use blockchain technology to single out fake news, reports TechCrunch. A browser add-on, available only for Chrome now, labels content according to trust level. Trusted news is powered by MetaCert Protocol, which runs anti-fraud URL registry, to be put on blockchain, using objective data sources to measure the truthfulness of news content.

***

Ripple to Reuters: banks are not ready to process cross-border payments in the near future. This is due to scalability and privacy issues, despite Ripple’s XCurrent solution that uses immutable “interledger” protocol and offers instant settlement.

***

Monero has become the cryptocurrency of choice for hackers. It is used in 44% of attacks owing to high privacy level. BTC and ETH get under assail in 10% and 11% of cases respectively. So far, attacks remain high, with $1.1 billion in cryptocurrency stolen in the first half of 2018, reported CNBC.

***

Western Union doesn’t plan adding cryptocurrency to its money transfer services. Hikmet Ersek, company’s CEO, told MarketWatch customer demand firmly points out to fiat currency.  

“The consumers tell us what they want,” Ersek said. “People aren’t paying their hospital bills in cryptos.”

 

More news:

  • European Union reaches agreement on crypto regulation
    European Union reaches agreement on crypto regulation
    July 11, 2022
  • EU to finalise crypto regulation bill end of June
    EU to finalise crypto regulation bill end of June
    June 28, 2022
  • Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    Coinbase, Crypto.com and Bitstamp secure regulatory approval in Italy
    July 26, 2022
  • BlackRock partners with Coinbase to offer clients access to crypto
    BlackRock partners with Coinbase to offer clients access to crypto
    August 12, 2022
  • Ripple partners with the National Bank of Egypt
    Ripple partners with the National Bank of Egypt
    May 26, 2021
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022

Filed Under: General News, News Tagged With: Adblock Plus, Coinbase, cryptocurrency, Monero, news, news in brief, Ripple, Western Union

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