Ethereum Not a Security, SEC Official Says

The world’s second largest cryptocurrency ether jumped alsmost 9 percent Thursday, June 14, after a key a top Securities and Exchange Commission (SEC) official made it clear that it is not a security.

Lucky number 6: ORCA Makes Crypto to Fiat Withdrawal Under Six Seconds

Instant crypto withdrawals are now a reality. The bridge connecting cryptocurrencies with regular finance is being built brick after brick. Fintech start-up ORCA has presented their technological case for the community during a live event streamed online. ORCA completed a transfer from a cryptocurrency exchange straight to user’s bank account.

Coinbase to Add Support for Ethereum Classic (ETC)

Coinbase announced on Tuesday morning in a blog post that it is now starting the engineering work to integrate Ethereum Classic with its services. A further date for formally launching the trading of ETC on Coinbase will be announced on Sept. 5, the company said.

Binance Eyes Euro Trading Pairs This Year

Binance, one of the world’s most popular and most successful cryptocurrency exchanges, plans to offer traders the ability to trade cryptocurrencies for euros with other fiat currency trading pairs in the works.

Cryptocurrencies Pose No Risk to Stability, Russian Analytics Say

According to the Russian Analytical Credit Rating Agency (ACRA), the high volatility of cryptocurrencies can potentially create risks for the country’s financial stability, but these are balanced by the high concentration of ownership of the digital assets.