TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Human Rights Foundation funds BTC privacy development. Coinbase studies adding 18 more cryptoassets to its lineup. European Bank advises users to shift from SWIFT to USDC. BlockTV closes its doors due to coronavirus difficulties. TZero broke token trading volume record in May, and Fake SpaceX YouTube channels gain $150,000 doing fake bitcoin giveaways.
Human Rights Foundation to Fund BTCT Privacy Development
Human Rights Foundation, a nonprofit organization that fights for the preservation of freedom and human rights all over the world, launched a fund to support BTC privacy development directly. The first recipient of “an initial gift” is UK developer Chris Belcher, who is working in a privacy-enhancing technique for BTC called CoinSwap. Human Rights Foundation will now crowdsource more resources to keep funding these kinds of initiatives, and it’s open to submission of new crypto proposals for the next grant.
Coinbase to Add 18 More Cryptoassets
Coinbase is exploring the addition of 18 new digital assets, some are live, some are not. We will evaluate each against our Digital Asset Framework. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/IN4g4WfYjW
— Coinbase (@coinbase) June 10, 2020
Coinbase, the popular US-based cryptocurrency exchange, announced it is considering the addition of 18 new cryptocurrency assets. Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin*, SKALE Network, Synthetix, and VeChain are being explored to be added in the near future. However, Coinbase still needs to study each asset on a case by case basis before listing any of them.
European Bank Advises Users to Move From SWIFT to USDC
Bank Frick, a Lichtenstein based blockchain bank, is recommending its users switch from SWIFT transfers to USDC with the inclusion of the USDC stablecoin on their platform. The bank, that offers cryptocurrency custody, declared “with the addition of USDC, we enable our customers to process USD payments quickly and token-based. Compared to the classic SWIFT procedure, the processing time is significantly reduced.” SWIFT, the standard for international transfers, is often criticized for being slow and costly vs. viable crypto alternatives.
BlockTV Announces Closure due to Coronavirus Difficulties
BlockTV, the popular media portal, announced it will close its doors due to the recent coronavirus lockdowns, according to its COO, Noa Tamir. “The COVID-19 crisis affected us strongly and we had to close down BlockTV,” Tamir stated. However, she also hopes the brand could be revived in the future. The outlet laid off most of its workforce in March, and only a few employees remained. “Unfortunately, they were forced to effectively close shop with the coronavirus lockdowns,” former anchor Asher Westropp-Evans stressed.
TZero Breaks Token Trading Records
TZero, the Overstock cryptocurrency subsidiary, hit new record numbers in volume trading last month. The trading volume increase was fueled by the growth of two tokens: OSTKO, Overstock’s digital dividend token, and TZROP, the company’s security token. “Having significantly enhanced the liquidity on our platform, we are positioned to offer issuers and investors the best trading experience for tokenized securities,” stated its CEO, Saum Noursalehi, while noting they traded 4x the volume registered in May of last year.
Fake SpaceX YouTube Channels Scam $150,000 in BTC
Two YouTube channels that were renamed to ”SpaceXLive’ and “SpaceX,” with hundreds of thousands of subscribers, managed to get ahold of more than $150,000 in BTC while promoting fake giveaways, according to Bleeping Computer. While Elon Musk, founder of Tesla and SpaceX, stressed he does not give away BTC, some people were indeed scammed by these channels, who promote sending BTC to an address for twice the eventual amount previously sent. More than 80,0000 subscribers have watched such livestreams.
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