TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Bitcoin Cash gets Swiss ETP listing on prominant exchange. Peter Schiff gifted $2,000 worth of BTC. President Maduro orders banks to accept Venezuela state crypto Petro transactions. Binance lists dogecoin. Spice token trading available via Sideshift, and Justin Sun warns about cryptocurrency scams.
Bitcoin Cash Swiss ETP to be Traded on Exchange
Institutions interested in investing with Bitcoin Cash in Switzerland have a new option: a Bitcoin Cash ETP will be listed on the Swiss stock exchange Six. The ETP, launched by Amun, a cryptocurrency investment firm, is backed up by 25,000 BCH, more than $10 million. Amun has a half dozen ETPs listed on Six, with several mixed currency indexes and one for each major cryptocurrency (Bitcoin, Ethereum, Ripple and Bitcoin Cash). Hany Rashwan, Amun’s CEO, stated they are “delivering our strategy, which is to provide investors with the wider product suite” on the cryptocurrency market.
Gold Fan Peter Schiff Gifted $2,000 Worth of BTC
Peter Schiff flashes a Bitcoin address and y'all throw him $2,000? What exactly do you think this accomplishes? https://t.co/rAADlDPY1F
— Mike In Space (@mikeinspace) July 5, 2019
Peter Schiff, a cryptocurrency hater and gold lover, received more than $2,000 worth of BTC as donation after having admitted he did, in fact, hold some bitcoin. In an exchange with Anthony Pompliano on Twitter, he declared he now had to “hodl and go down with the ship.” However, this whole situation was strange to some cryptocurrency enthusiasts like Mike In Space, who questioned the gift’s ultimate purpose.
President Maduro Orders Bank of Venezuela to Accept Petro
#EnVivo | Pdte. @NicolasMaduro: Doy la orden expresa para que se abran taquillas de transacciones de El Petro en todas las agencias del Banco de Venezuela#TrabajoPazYProduccion#10AñosBDV pic.twitter.com/mTMy8j2xs7
— MPPEF (@MinEcoFinanzas) July 3, 2019
President Nicolas Maduro refuses to let the Venezuelan official cryptocurrency, the Petro, fall into oblivion. Maduro wants to bridge the fiduciary economy and the alternative cryptocurrency market together with the help of a state-run bank, Banco de Venezuela. He ordered Petro transactions be accepted in all agencies of the Banco de Venezuela at a national level, according to a tweet posted by the Economy and Finance Ministry. The details are still scarce, but some experts say this could mean the bank will be in charge of opening wallets and handling asset custody.
Binance Introduces Dogecoin Trading Pairs
Binance decided to list one of the most controverted cryptocurrencies out there, Dogecoin. Created as a jokecoin, using the popular Doge meme as the image of the cryptocurrency, it has evolved to be something much more useful. DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX and DOGE/USDC pairs have been made available on the exchange, and its price pumped 40%.
Spice Token Trading Available on SideShift
SideShift AI now supports SPICE TOKEN 🌶🤖
— SideShift AI CRLF (@sideshiftai) July 5, 2019
One of the most used SLP tokens out there, the Spice token, used to tip spicy and interesting content all over the web, is now being listed on Sideshift.ai, a platform that lets users convert cryptocurrencies without KYC. Now, users who were tipped with Spice can trade them for a wide array of cryptocurrencies, including Bitcoin Cash and Ethereum. The BCH powered token has been assigned a fixed value of 8255.64 SPICE per USDT.
Justin Sun Warns About Cryptocurrency Scams
As a leading blockchain protocol, there are Ponzi schemes using #TRON, #BitTorrent or #uTorrent names like “MMM #bitcoin, #Ethereum pyramid & #EOS ecosystem schemes”. We will never ask you to send money. Be careful & hodl your $TRX/ $BTT
— Justin Sun (@justinsuntron) July 5, 2019
The cryptocurrency ecosystem has been forever filled with scams and Ponzi schemes designed to catch unaware people. Justin Sun, founder and CEO of Tron, a smart contract capable cryptocurrency, warned about several cryptocurrency schemes that are appearing using BitTorrent token and Tron references to catch investors. He declared neither will “never ask you to send money,” and called on users to hodl cryptocurrencies very carefully.
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