Mystery Startup Tells the SEC It's Raising A $180 Million ICO

https://www.coindesk.com/mysterious-startup-tells-sec-raising-180-million-ico/

Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0

https://www.coindesk.com/polychain-outlier-ventures-back-blockchain-startups-plan-for-web-3-0/

Korean Banks Can Use Blockchain to Verify Customer IDs from July

https://www.coindesk.com/korean-banks-can-use-blockchain-to-verify-customer-ids-from-july/

Dead Cat Bounce? Bitcoin May Struggle to Hold Above $7K

https://www.coindesk.com/dead-cat-bounce-bitcoin-may-struggle-hold-7k/

Kakao, Korean Government Plan to Solve Social Problems with Blockchain

https://www.coindesk.com/kakao-korean-government-plan-to-solve-social-problems-with-blockchain/

Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store

https://www.ccn.com/apple-publishes-revised-cryptocurrency-ico-guidelines-for-app-store/

Bitcoin Price Decline Caused by Hodlers’ Unprecedented $30 Billion Sell-Off: Research

https://www.ccn.com/bitcoin-price-decline-caused-by-hodlers-unprecedented-30-billion-sell-off-research/

Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications

https://www.ccn.com/abu-dhabi-securities-exchange-partners-uk-fintech-for-blockchain-applications/

Indian Bitconnect Promoters Attacked by Angry Investors

https://www.reddit.com/r/CryptoCurrency/comments/8qiqcp/indian_bitconnect_promoters_attacked_by_angry/

VeChain and DB Schenker pioneer in the use of blockchain for the logistics industry

https://www.reddit.com/r/CryptoCurrency/comments/8qitra/vechain_and_db_schenker_pioneer_in_the_use_of/

Forget Prices, Ethereum Is Offering a Different Value in Afghanistan

https://www.coindesk.com/afghanistan-ethereum-code-to-inspire-value/

Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges

https://www.coindesk.com/money-laundering-task-force-wants-binding-rules-for-crypto-exchanges/

Apple Blocks Crypto Mining Apps On Its Products

https://www.coindesk.com/apple-blocks-crypto-mining-apps-products/

UN Trade Body Examines Blockchain's Potential in Supply Chains

https://www.coindesk.com/un-trade-body-examines-blockchain-potential-in-supply-chains/

Female Cryptocurrency Investors Doubled in Six Months: UK Exchange Research

https://www.ccn.com/female-cryptocurrency-investors-doubled-in-six-months-uk-exchange-research/

Mysterious Estonian Mining Firm Files to Hold $180 Million ICO

https://www.ccn.com/mysterious-estonian-mining-firm-files-to-hold-180-million-ico/

Waltonchain CEO Mo Bing says, “Waltonchain will be the Qualcomm + Cisco in the blockchain industry and the ‘Google search engine’ of blockchain”

https://www.reddit.com/r/CryptoCurrency/comments/8qlh7z/waltonchain_ceo_mo_bing_says_waltonchain_will_be/

Why Coinbase Added Ethereum Classic Ahead of Ripple & Other Tokens

https://www.ccn.com/why-coinbase-added-ethereum-classic-ahead-of-ripple-other-tokens/

Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com (https://www.buda.com/colombia#?market=btc-cop) without warning or explanation.
The company experienced a similar issue in Chile some months (http://www.emol.com/noticias/Economia/2018/03/29/900648/BancoEstado-da-el-golpe-final-y-cierra-cuentas-de-las-tres-plataformas-que-transan-criptomonedas-en-Chile.html) back, where several banks decided to close its account along with those of several other exchanges. According to local news (https://diariobitcoin.com/index.php/2018/06/08/bancos-colombianos-cierran-cuentas-a-plataforma-de-intercambio-buda-com/), the move by the Colombian banks was unexpected, and the banks didn’t disclose why it was closing the accounts. Buda.com sent an email to its customers where it explained the problems it was facing which were affecting withdrawals.The exchange said the closure of its accounts was sudden which affects the company’s operations and its users seeking to access their funds in Colombian pesos.Buda.com CEO Alejandro Beltrán said the closed accounts were domiciled with Bancolombia, BBVA and Davivienda.Buda.com started noticing (https://www.infobae.com/cripto247/mercados/2018/06/08/todos-los-bancos-colombianos-cerraron-la-cuenta-del-unico-exchange-de-criptoactivos/) irregularities on the Bancolombia platform before bank officials told the exchange its account had been closed.The move by the banks might be linked to an internal circular (http://www.finanzaspersonales.co/ahorro-e-inversion/articulo/los-riesgos-utilizar-bitcoin/53309) from the Colombian Financial Superintendent wherein banks were advised not to interact with crypto platforms.Beltrán, however, believes the circular was a recommendation to the banks, not an order. Other Colombian exchanges such as BitINKA and Panda Exchange haven't reported any issues with the banks.A day before the banks closed Buda.com's accounts, the Colombian Senate held a session (http://senado.gov.co/component/k2/item/28084-pie-noticias) on the potential of cryptocurrency and blockchain technology. Senator Navarro Wolff, who convened the Third Senate Committee, stated that blockchain technology can be beneficial to the country in the areas of finance, electoral systems and management of public contracts. But Wolff also stipulated, "Regulation is required to protect the consumer and the user."



This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).

Congressional Bill Calls for Study of Crypto Use in Sex Trafficking

https://www.coindesk.com/congressional-bill-calls-study-crypto-use-sex-trafficking/