Crypto News: 11th-17th of June (Bitcoin, Ethereum, Binance, IOTA, Vechain, Overstock, ETC, OceanEx) Bitcoin and Ether are not securities On 14th of June William Hinman the Director of Division of Corporation Finance at SEC said that that Bitcoin and Ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws. Hinman specifically said that Bitcoin is not a security because it is decentralized: there is no central party whose efforts are a key determining factor in the enterprise. In addition, Ether is also not a security because the ethereum network is also decentralized. Regarding ICOs, Hinman also acknowledged that some digital assets could be structured more like a consumer item than a security, particularly if the asset is purchased for personal use and not intended as an investment. Hinman acknowledged that there may still be some confusion over how to determine if any cryptocurrencies and ICOs are securities and that his office was willing to help Binance to offer Euro trading pairs On 11th of June Binance, the world’s largest exchange in term of trading volume has announced that they will start Euro trading pairs this year. The news was announced by Binance Cheif Executive Officer CZ to Bloomberg. The Crypto-Fiat trading pair would start from their Malta headquarters. In March, Binance moved there after cryptocurrency exchange regulations tightened in Japan. Binance will soon receive an exchange license from Jersey in the Channel Islands and plans to open an office there. CZ also said that they plan to add other fiat trading pairs too. Many exchanges prefer being crypto-to-crypto due to less regulatory restrictions. Fiat to Crypto would the first for Binance, a move which probably would make Binance the king among the cryptocurrency exchanges. Ethereum Classic on Coinbase On June 11th it was annouced that Coinbase will add support for Ethereum Classic (ETC) in the coming months. Per this process, they have started the engineering work for supporting Ethereum Classic. As part of this process, customers can expect to see public-facing APIs and other signs that the asset is being added. The process should take few months and they will publicly announce a launch date for trading via blog and Twitter Ethereum Classic will be added on all Coinbase apps and products: Custody, Markets, Pro, Prime, Asset Management and eventuall after evaluating factors such as liquidity, price stability, and other market health metrics, they might choose to add Ethereum Classic to the Coinbase platform (aka the main app). With the annoucement the price of ETC increased by not as much as expected. IOTA and Volkswagen On 11th of June IOTA and Volkswagen WERE demonstrating a Proof-of-Concept (PoC) that uses IOTA’s Tangle system for autonomous cars at the Cebit ‘18 Expo in Germany. The PoC enables Volkswagen to use IOTA’s Tangle architecture to transfer software updates “over-the-air” as part of the car manufacturer’s new “Connected Car” systems. According to the PoC press release, Volkswagen’s vision is to use Tangle to securely and wirelessly distribute data within its developing smart car economy. Industry experts expect over 250 mln connected cars to be on the road by 2020, raising the need for frequent remote software updates and transparent data access on a large scale. Tangle can also be used for trip planning, booking, and payment services within the smart vehicle ecosystem as stated by IOTA news release. Overstock.com cryptocurrency usage On 12th of June Jonathan Johnson who is a member of the board of directors of Overstock, the $1 billion online retailer based in the US, has stated that cryptocurrency is a much better payment method than credit cards for merchants. Johnson said: “We have somewhere between $68,000 and $120,000 a week in cryptocurrency revenues; people buying sheets and toasters using bitcoin or ethereum or other coins,” Johnson said that cryptocurrencies currently comprise 0.2 percent of his company’s total revenue stream and emphasized that the figure is “growing” despite declining crypto valuations. OceanEx Exchange annouced On 15th of June OceanEx was annouced. It will be cryptocurrency exchange and asset management platform launched by BitOcean Global that will serve as an exchange, trading platform and asset management platform within the VeChainThor Ecosystem. BitOcean is an ATM solution selling cryptocurrencies nationwide across both China and Japan. The partnership between Vechain and OceanEx was annouced in December 2017. Follow me on social media: Telegram: https://t.me/crypto0coins Twitter: https://twitter.com/Crypto0Coins Facebook: https://www.facebook.com/crypt0coins/ Steemit: https://steemit.com/@dmae I no longer accept donations! Not a financial advice.