Liechtenstein-Based Bank Begin Processing Payments in USDC – June 9
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Current Bitcoin Price: $9,695
Bitcoin price has once again remained in a tight range in the mid to high $9,000s, as a small breakout attempt to the upside fails overnight.
Top-20 altcoins have stayed almost dead still, as Ethereum and XRP each move 0.1% or less over the last 24 hours. Crypto.com coin was the only notable mover of the day, gaining a further 6% as it continues its bullish run.
Top Stories for June 9, 2020
Liechtenstein-Based Bank Begin Processing Payments in USDC
Bank Frick, a bank in Liechtenstein, has enabled support for trading, payments and custody of the popular stablecoin, USDC.
The bank has compared USDC to the traditional SWIFT payments system, highlighting the improved speed and ease of use of USDC versus the much older SWIFT system.
USDC is backed by a consoritum created by Coinbase and Circle, and is pegged 1:1 to the US Dollar. The consortium expects that more banks will support USDC in the near future.
Chinese Police are Freezing Bank Accounts Associated with Tainted Crypto
Police in China appear to be freezing the bank accounts of crypto buyers and sellers who have dealt in cryptocurrency connected to illicit activity.
Traders affected by the account freezes are reported to not be accused of any activity themselves, however it is still unclear what the specific issue is that has “tainted” the coins of concern.
Those with frozen accounts have been told to reach out to law enforcement to provide evidence of their innocence in the possession of the cryptocurrency.
Coca-Cola Vending Machines to Accept Crypto in New Zealand
Cryptocurrency integrator company Centrapay has partnered with Coca-Cola Amatil in New Zealand and Australia to accept crypto payments in their vending machines.
The payments will be able to be made via Centrapay’s Sylo Smart Wallet, with more than 2000 vending machines across the two countries. This will be enabled using a QR code on each machine.
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