Chinese Tech Giant Tencent Launches Blockchain Alliance – June 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,748

Bitcoin price has ranged in the mid $9,000s over the weekend, with no significant moves yet as we kick-off the new week.

Top-20 altcoins have remained stagnant, with Ethereum gaining less than 1% over the last 24 hours, while XRP remains almost unchanged. TRON and Crypto.com Coin are the only significant movers, gaining 6% and 5%, respectively.

Top Stories for June 8, 2020 🔥

👉 Chinese Tech Giant Tencent Launches Blockchain Alliance

One of China’s largest tech companies, Tencent, has launched a blockchain-focused alliance through its cloud service division.

The alliance – which aims to reach 100 members in 2020 – will target a variety of organisations including other tech companies, universities, local outlets and more.

The effort is designed to promote the development of the blockchain industry, as well as establish industry standards and explore future applications of blockchain technology.

👉 Brave Browser Under Fire for Sneaky Use of Binance Referral Codes

Privacy-centric Brave Browser has come under fire from the community, after a user pointed out that it has been sneakily adding referral codes into the address bar when people visit the Binance Exchange website.

The referral link entitles Brave to up to 20% of a user’s trading fees if they sign up using the link, and it has been revealed that it is not the only website that Brave has been exploiting the tactic with. Brave has been reported to be also using referral links for Coinbase, Ledger and Trezor, since the Binance discovery.

👉 Grayscale Addresses Their Bitcoin-Purchasing Spree

Grayscale has drawn recent attention for their significant volume of Bitcoin purchases since the halving – a quantity that exceeds the total number of Bitcoins mined since the event.

According to Grayscale, this primarily comes down to institutional investors adding Bitcoin to their 401k and pension plans, as well as a notable number of traditional hedge funds seeking crypto exposure.

The company’s total assets under management has risen to $3.8 billion this year.

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