18.06.2018 By SociumTrade 1419 views

Weekly news report, June, 11-17

Last week was quite intense. Take a few minutes to check out the must read articles on the most important topics.

#blockchain #financialservice

Financial services industry annually spends an impressive sum of $1.7 billion dollars on blockchain, researcher Greenwich Associates recently reports. The study reveals that investment into blockchain increased by 67% last year, while the number of employees dealing with blockchain doubled.


EOS, the fifth largest cryptocurrency by market capitalization and Ethereum's direct rival, finally goes live. Though EOS blockchain was technically launched on June 10, it took another 5 days to meet the threshold of 15 percent of all tokens required to elect 21 block produces who are supposed to handle transactions.

#hacker attack #cybersecurity

South Korean Cryptocurrency Exchange Coinrail got hacked, with over $40 million worth of altcoins stolen by the intruders. This triggered a sharp fall in the bitcoin price due to rising concerns over the cybersecurity issues. Read more.

#cryptoexchange #regulation

The Financial Action Task Force, is to design binding rules for crypto exchanges and payment services to prevent financial crime and anti-money laundering. Read here


The US Securities and Exchange Commission (SEC) officially stated that cryptocurrencies like ether and bitcoin will not be regulated as securities, which will not necessarily be the case with tokens based on them. That will depend on a number of factors, like the involvement of third parties in the creation or exchange of value around the assets.


A recent study suggests Bitcoin’s skyrocketing value at the end of 2017 resulted from Tether, another cryptocurrency, being used to artificially inflate the prices.


Finally, here’s how the social media community reacts to the bitcoin dramatic drop, staying positive no matter what.