POKKET Weekly News: The Week In Crypto (15–21 June)

Bitcoin volatility declined further this week, as it kept $9,400 level throughout most of the week. Altcoin season is still going strong however, as we now have 17 tokens out of 36 earning triple digit interest rates due to increased volatility in altcoins.

In light of the Eidoo ($EDO) token upgrading and renaming to pTokens ($PNT), we have temporarily halted $EDO deposits on POKKET, starting from 17 June 07:00 UTC until 22 June 07:00 UTC, to prevent any issues.

In other news, we’ve reached another milestone this week: $2,000,000 in customer deposits made to date! It took us 1 year to reach $1 million but only 40 days to reach $2 million! Thank you to all our customers. Stay tuned for more awesome updates from POKKET!

While you’re at it, check out our interest rates including our top 10 earning tokens below.

Here are this week’s highlights

Japanese Financial Giant Nomura Launches Digital Asset Custody Service

Per Japanese media outlet CoinPost, the Japanese company has teamed up with crypto firms Ledger and CoinShares to launch B2B “digital assets” custodial services with a Jersey-based platform named Komainu…

China plans pan-Asian digital currency to rival Facebook’s Libra

China is taking the fight for cryptocurrency supremacy to the world stage. A private-sector led plan to create a pan-Asian digital currency to rival Facebook’s cryptocurrency Libra, and challenge the supremacy of the dollar, reportedly has the backing of Beijing, according to an article published in the Nikkei Asian Review on Sunday…

Bank of Thailand to launch prototype for digital currency payment system

The central bank of Thailand today announced plans to build a prototype for a payments system that relies upon a central bank digital currency. BOT claims that the payment system will make payments more efficient, faster and more flexible. Work on the prototype will begin next month and should be wrapped up by the start of 2021…

Cambodia Plots a Dollar-Free Future With Blockchain-Based Payments: White Paper

The National Bank of Cambodia revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this week. The central bank said Bakong will help challenge the dollar’s reign by inducing Cambodians to pay instead via QR codes and a mobile app, with a Hyperledger Iroha blockchain facilitating real-time fund transfers between e-wallets plugged into their bank accounts…

Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth

There has been some confusion over whether India will ban cryptocurrency, including bitcoin, following recent reports of a note being circulated by the government. News.Bitcoin.com interviewed executives of five cryptocurrency exchange platforms in India to find out the truth about the news…

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