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Crypto Reporter

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Crypto News in Brief (June 15, 2018): SEC, Ripple, WSJ, Microsoft, Walmart

June 15, 2018 By Crypto Reporter

– SEC says ETH is not a security
– Ripple CEO claims Bitcoin is controlled by China
– The Wall Street Journal named 5 promising blockchain projects
– Microsoft and Adents develop blockchain for pharmaceutical products
– Walmart patented a network for electricity distribution based on cryptocurrency

 

The SEC will not take any steps in regulating Ethereum. On the contrary, the regulatory body highly praised its decentralisation and organisational structure. 

***

Brad Garlinghouse, Ripple’s CEO, claims Bitcoin is controlled by China, adding that only four miners are in charge of over 50% of the cryptocurrency. 

***

The Wall Street Journal named 5 promising blockchain projects: Blockstream, R3 Consortium, Digital Asset Holdings LLC, Brave Software Inc and Abra-Plutus Financial Inc. They made it to the list of 25 tech companies to pay attention to in 2018.

***

Microsoft and Adents have developed Adents NovaTrack blockchain platform to oversee the supply chain of all pharmaceutical products. 

***

Walmart, a retail giant, has patented a network for electricity distribution based on cryptocurrency. Every device consuming electricity in the building can be given some coins that will be used to buy energy from energy suppliers during a particular billing cycle

More news:

  • Walmart begins hosting bitcoin ATMs in some of its U.S. stores
    Walmart begins hosting bitcoin ATMs in some of its U.S. stores
    October 22, 2021
  • EU to finalise crypto regulation bill end of June
    EU to finalise crypto regulation bill end of June
    June 28, 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
  • PayPal to launch its own crypto wallet 
    PayPal to launch its own crypto wallet 
    August 4, 2021
  • India to tax crypto and NFTs profits at 30%
    India to tax crypto and NFTs profits at 30%
    February 2, 2022

Filed Under: General News, News Tagged With: Microsoft, Ripple, SEC, Walmart, WSJ

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