ING Bank Develops Crypto Transfer Tracking Protocol – June 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,379

Bitcoin price has tumbled back below the $9,400 mark today, as price action corrects from yesterday’s bullish movement.

Top-20 altcoins have suffered to a lesser extent, with Ethereum falling 1%, XRP falling 2%, and Coin falling 3%. Chainlink has been the best top-20 performer, rising 2% over the last 24 hours.

Top Stories for June 24, 2020 πŸ”₯

πŸ‘‰ ING Bank Develops Crypto Transfer Tracking Protocol

Dutch bank ING has developed a solution to track cryptocurrency transactions, which is compatible with Financial Action Task Force (FATF) standards.

The solution is called Travel Rule Protocol, and has also been backed by several other institutions including Fidelity Digital assets and Standard Chartered Bank.

Travel Rule Protocol is a response to the FATF’s growing concern about cryptocurrencies and their role in money laundering.

πŸ‘‰ Korea’s Bithumb Exchange Looks to IPO with Samsung Securities

Prominent South Korean cryptocurrency exchange Bithumb has reportedly started working with Samsung Securities to facilitate their initial public offering (IPO).

The move to IPO would be the second time that Bithumb has attempted to be publicly owned, previously looking to list in the United States in 2019.

πŸ‘‰ DeFi Lending Platform Celsius Raises $10M, Led by Tether

Stablecoin company Tether has led a $10 million investment round in The Celsius Network, a decentralized finance (DeFi) lending platform.

The platform is now worth $120 million and currently manages over $680 million worth of customer funds.

A further $5 million worth of equity in the company was offered via crowdfunding platform BnkToTheFuture, to qualified investors.