Crypto news this week – 4 June

by Team Luno
· 3 minute read
luno round up 10

Who just received conditional approval as a recognised market operator in Malaysia? (Hint: it’s us!) And finally, no – it’s not 2018, but the topic of ICOs is back in the news this week.

Let’s find out what’s going on in this edition of the Luno RoundUp.

An exciting Malaysian regulatory update!

In what we’d call the most exciting regulatory news we’ve received all year (so far), the Securities Commission (SC) of Malaysia has conditionally approved Luno’s application as a Recognised Market Operator (Digital Asset Exchange).

Upon the SC’s confirmation that we’ve satisfied their conditions, Luno will become one of three digital asset exchanges to be regulated in Malaysia, allowing investors to buy, sell and store cryptocurrencies.

We’re extremely grateful to the SC for granting us conditional approval. It’s been a long journey for us, from our entry into the Malaysian market in 2015, which led to us becoming, in just two years, the largest digital asset exchange in the country. We’re committed to working with the financial authorities, so it’s very important to us that we’re now going to be regulated by the SC. We look forward to relaunching Luno so we’re available to all Malaysians once again.

Let your Voice be heard on the blockchain

Cryptocurrency company, Block.one, known for creating the EOS blockchain recently announced the launch of their blockchain-based social media platform called Voice. Block.one reported that Voice will stand out by not turning its users into products. Say it with us: users are people, not products.

The new platform will allow users to post, share and promote content with each action and interaction intended to be registered on the EOS blockchain. We wholeheartedly welcome this strategic shift.

New trading service, (Ya)hoo! dis?

On the other side of the world in Japan, cryptocurrency exchange, Taotao, launched its trading service following a social media update on their Twitter account. The 40% Yahoo!-owned exchange marks the internet giant’s arrival into the crypto ecosystem.

Word on the Tweet

What does crypto-Twitter have to say for themselves this week?

In mass adoption news, reports on the addition of the BTC symbol on a spreadsheet program, Excel have been doing the rounds on social media. Now, this is the spread of a virus we can get behind!

Then in some witchcraft-like time travel news, apparently this guy’s got the inside scoop into what’s happening with the Bitcoin price. So tell us, oh mighty Magnotta, when mewn?

Fancy lunch with Warren Buffet? Well, Justin Sun does, setting a record bid of $4.5 million to have lunch with the investment tycoon. This was met with mixed reactions in the community – if you wanna have your say about who you’d want to join you at the lunch, head over to our Twitter and let us know in the comments.

Lastly, search engine, DuckDuckGo, does their bit in promoting crypto for privacy by informing users about alternative crypto platforms, Brave and SignalApp. We fully support the notion that privacy should be top of mind for everyone.

It’s been an exciting week filled with lots of Bitcoin buzz, and good news around regulations. What are your thoughts on this week’s crypto news? Get in touch with us on Twitter.

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