TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Facebook cryptocurrency will go live this month. Blockstream allegedly paying super salaries to their employees. European Central Bank recognizes top cryptocurrencies, negates possible threat. China moves 60% of Tether tokens. Electron Cash wallet now supports CoinText protocol, and Benfica soccer club accepts cryptocurrency for payments.
Facebook Cryptocurrency Project Will Go Live This Month
Facebook is reportedly going to launch its own cryptocurrency this month, June 18th, along with a series of actions destined to promote it as an usable currency. According to an article by CNBC, Facebook will distribute ATM machines where users will be able to buy cryptocurrencies with real money. They will also reportedly offer employees involved in the project to collect salaries in the cryptocurrency.
Blockstream Rumored to Pay Employees at Very High Rates
How Blockstream's employees have been paying themselves grossly inflated salaries, despite the company's lack of success with any real products. https://t.co/0Ks06JO0xL
— Cøbra (@CobraBitcoin) June 6, 2019
Cobra, the co-owner of bitcoin.org and bitcointalk.org domains, is alleging BTC development company Blockstream employees are collecting very large salaries, according to a page called Cashbleed.com. Rumors include employees able to receive BTC bonuses at bargain prices.
European Central Bank Recognizes Top Cryptocurrencies, Denies Them Being a Threat
A new report released by the European Central Bank examined the cryptocurrency market in Europe, recognizing and listing the four most important projects as a driving force for the space. The report states “Bitcoin, Ether, Ripple, Bitcoin Cash are considered the most important in terms of usage, market capitalization or business model diversity.” Also, in the same report they conclude that, due to the relative small size of the cryptocurrency market, it still does not pose a real threat to established traditional banking and stock markets.
China Exchanges Move 60% of the Tether Market
China has a hunger for Tether, according to the latest report from Diar, an analysis platform for cryptocurrency events. Chainalysis found 60% of the USDT moved goes trough Chinese exchanges, a trend believed to be not slowing. Most of these trades are happening in unregulated Chinese exchanges.
Electron Cash 4.0.6 Teams with CoinText
Electron Cash wallet has been updated, bringing important and useful functions to desktop environments. The new version, 4.0.6, introduces support for sending transactions via SMS by using the phone number of the recipient in the send field. It also enables a new Transaction Dialog function, displaying exact fees for each transaction, and brings new and cosmetically improved icons for high resolution desktops. Electron Cash is available for Mac, Linux and Windows here.
Benfica Portuguese Soccer Club Accepts Cryptocurrency for Payments
UTRUST is live with @SLBenfica 🎉 We’re launching with one of the biggest football teams with 14 million fans worldwide.
It’s official—you can now pay with #crypto on the Benfica website: https://t.co/Lt7hGVOcnX pic.twitter.com/aYl8DCw6IW
— UTRUST (@UTRUST) June 5, 2019
Benfica, one of the most important Portuguese soccer clubs, announced they now accept cryptocurrency as a payment for merchandising and tickets. The club partnered with a third party payment gateway called UTrust that will manage the complexity of payments. The CEO of the club recognized the importance of these emerging payment methods, stating they “recognize that many of our supporters are now digital users first so we want to be ahead of the curve when it comes to accepting novel technologies.” The club accepts BTC and Ethereum only.
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