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Crypto news in brief (June 6, 2018): Estonia, SBI Holdings, HitBTC, Google, Ripple, GitHub, Bitcoin Core, EOS

June 6, 2018 By Crypto Reporter

– Estonia has renounced plans to establish a national cryptocurrency
– Japanese banking conglomerate SBI Holdings will be launching its own crypto exchange VCTRADE
– HitBTC, a crypto exchange, has stopped dealing with Japanese residents
– Ripple is launching the University Blockchain Research Initiative (UBRI), an educational fund, with a starting capital of $50 million

Estonia has renounced plans to establish a national cryptocurrency after Mario Draghi, head of the European Central Bank, and other banks executives criticised the idea. Digital tokens Estcoin will now be given to e-residents, foreigners who register a company in Estonia remotely.

Kaspar Korjus, the author of the Estcoin plan, said that, while Estcoin could help e-residents provide each other with work or advice, it “would definitely not be a national ‘cryptocurrency’.”

***

Japanese banking conglomerate SBI Holdings will be launching its own crypto exchange VCTRADE. At first it will trade XRP, but plans to add BTC and BTH soon after.

***

Abic, a Japanese corporation, started issuing loans in Japanese yens, backed by bitcoin.

***

HitBTC, a crypto exchange, has stopped dealing with Japanese residents as it doesn’t have a licence to carry out the activities in the country.

***

Google has blocked cryptocurrency advertising to promote its own token in the future, believe experts. The reason for such reasoning is that the corporation continues to advertise gambling.

***

Ripple is launching the University Blockchain Research Initiative (UBRI), an educational fund, with a starting capital of $50 million. The fund will provide support to education centres conducting their own blockchain and cryptocurrency research. UBRI is a mutual project of 17 educational institutions, including Princeton University, Massachusetts Institute of Technology, University College London and others.

***

Bitcoin Core developers are calling to abandon GitHub after it was acquired by Microsoft for $7.5 billion. A possible alternative could be GitLab, an independent competitor of GitHub.

***

It’s been found out that 49.67% of all EOS tokens are held by only 10 wallets. 10 addresses, excluding Block.one, own 39.67% of tokens, while the top 100 control more than half – 64.82%. The finding has put users in doubt about whether the project is really decentralised.

Filed Under: General News, News Tagged With: Bitcoin Core, cryptocurrency, Estonia, exchanges, GitHub, Google, HitBTC, Microsoft, news, news in brief, regulations, Ripple

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