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From a big Bitcoin whale movement to the cross-border payment potential of XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Crypto whales are moving millions in Bitcoin as traders try to gauge whether bulls can move beyond $8,000.
In the last 24 hours alone, whales have moved $62.4 million in BTC, mostly from crypto exchanges to unknown wallets. However, the single biggest transfer came from one whale who moved $19.7 million in BTC onto the crypto exchange Huobi, indicating the trader in question may be looking to sell some of their assets.
Here’s an overview of the biggest Bitcoin transfers in the past day.
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Meanwhile, crypto analyst Josh Rager says Bitcoin is still in accumulation mode. According to Rager, BTC has to break $8,200 before another jump can happen in the short term.
Ethereum
A new edition of the Week in Ethereum blog post is out.
This week’s post covers the latest efforts to scale the Ethereum blockchain and includes a number of updates on Ethereum-based platforms such as Kyber Network, Quorum and Augur.
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Ripple and XRP
Ripple has released an extended cut of its interview with its vice president of marketing Kevin Mole.
Mole talks about how XRP can provide companies with on-demand liquidity, allowing them to move money around the world without having to pre-fund accounts in various countries.
Stellar
The crypto payment startup Wirex is launching a Stellar-based utility token on June 26th via an initial exchange offering on OKEx. Debit/credit card users who adopt the token can save money on bank transfer fees, wire fees and more.
“The Wirex token (WXT) is our next step on the road to mainstream cryptocurrency adoption. A Stellar-based utility token, WXT was created with the token economy in mind. As well as preparing us for the payment environment of the future, the Wirex Token allows us to help our users get the most out of Wirex, whether it’s heavily-discounted fees or bespoke merchant offers.”
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Cardano
Cardano creator Charles Hoskinson joins the latest episode of The Cardano Effect.
This week’s podcast covers Cardano’s updated roadmap, the progress being made on future visions of the platform and the overall value proposition of cryptocurrency.
VeChain
The team at VeChain says it’s launching an accelerator program designed to help developers and companies build on the platform.
“We want all parties in the VeChain ecosystem to become a self-sufficient business and this means there is a need for a lot more than initial funding support. Therefore, following the bounty program, the VeChain Accelerator Program aims to provide the support needed as projects progress to becoming a successful business built on the VeChainThor Blockchain.
The Accelerator Program not only includes a grant but more importantly it provides the accepted projects with exposure to the resources in the ecosystem, ranging from business leads, incubation, investment opportunities, market awareness, technical support, and professional services. VeChain Foundation is committed to working with its partners within the network to support the projects at various stages.”
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