Crypto News

Michael Garcia - TIMM Tech
  • 🤔 Binance DEX reserves right to seize crypto

    According to Binance DEX'sterms and conditions,Binance reserves the right to seize customers digital tokens if procured in unauthorized ways. As a decentralized exchange, the ability for Binance to take confiscatory actions has led to harsh criticism of the new project on both Reddit andTwitter.
    Source: Reddit — Published: 2019-04-26

  • 💪🏽 NY Attorney General sues Bitfinex and Tether

    The New York State Attorney General is suingBitfinex and the affiliated firmTether, reports The Block. Documents provided in the lawsuit claim that $850 million remains inaccessible to Bitfinex and they have not publicly disclosed the loss of funds. The NY AG’s office has reason to believe several New York and US-based traders transact on the firm’s platform. 
    Source: The Block — Published: 2019-04-25

  • ⚔️ Inside Maker DAO: leadership conflict over direction fuels multiple departures

    A group of MakerDAO $MKR insiders and executives have formed a faction against founderRune Christensen. The self-proclaimed "Purple Pills" are pushing for more decentralization at a time when Christensen has asked for more control over Maker capital holdings. Five former executives have filed a legal letter as well, claiming they were forced out in late March by the founder. According to The Block, Maker is currently seeking a broker-dealer license for a for-profit business, pointing toward further centralization.
    Source: The Block — Published: 2019-04-25

  • 💵 Genesis lends $425 million of crypto in Q1 – and not just to short sellers

    Genesis Capital Management lent some $425 million of crypto in Q1 2019, bringing the total to $1.53 billion since it first began lending in March 2018, according to areport. From January on, Genesis' outstanding loan portfolio is up 17% with $181 million outstanding as of March 30th. The average loanee pays back in six weeks with only 3-5% of Bitcoin $BTC loans going to short sellers. Over the period, Genesis lent 68% in Bitcoin, 6.7% in$XRP, and 3.6% in both Litecoin $LTC and Ethereum $ETH. Fiat loans, launched in late 2018, make up 10% of Genesis' loans.
    Source: CoinDesk — Published: 2019-04-25

  • 🔍 Yelp adds “Accepts Cryptocurrency Payment” filter

    Yelp has added a cryptocurrency filter for businesses and services on its iPhone app, according to Reddit users. The filter has yet to be added to its desktop or Android services. With over 100,000 unique page visits per quarter in 2018, Yelp's crypto filter addition is another step towards consumer adoption likeMoon's recentLightning e-commerce plugin.
    Source: BREAKERMAG — Published: 2019-04-25

  • 💰 Payments firm Wirex launching 26 stablecoins on the Stellar blockchain

    Wirex is issuing 26 new stablecoins backed by the U.S.D., euro, British pound, Hong Kong dollar, and Singapore dollar. The stablecoins will function on Wirex's multi-currency Visa that seamlessly integrates alternative currencies wherever Visa is accepted. The Stellar $XLM blockchain was chosen for its security, scalability, and low cost for transactions. Wirex is also adding XLM to its platform.
    Source: CoinDesk — Published: 2019-04-25

  • 💸 Samsung invests $2.9 million into crypto wallet startup Ledger

    Samsung has invested $2.9 million intoLedger, according to a Ledger spokesperson. Although no further details were disclosed on the funds, the investment comes within 24 hours ofnews leaking Samsung's purported development of an Ethereum $ETH based cryptocurrency.
    Source: CoinTelegraph — Published: 2019-04-25

  • 🧐 [Analysis] TalkGold — The Ponzi forum where Quadriga’s Patryn and Cotten first met - Amy Castor

    Since the collapse of crypto exchange Quadriga, co-founders Gerald Cotten and Michael Patryn have come under severe scrutiny. Reddit users dug through the pairs internet history in what Amy Castor believes is another compelling case that Quadriga was more Ponzi scheme than crypto exchange. The advent of digital currencies brought on a wave of high yield investment programs which often could be found on sites like TalkGold and MoneyMakerGroup. Cotten and Patryn were active members on TalkGold since 2003 and worked with each other on projects like Cotten's MidasGold, S&S Investments, and Lucky Invest. The latter two were HIYPs with huge reach in underground investments circles, but both collapsed with empty promises of "refunds." After MidasGold was shut down by Federal investigation in 2013 Cotten, allegedly operating under the pseudonym Murdoch1337, posted a job ad for constructing of a Bitstamp-esque crypto exchange on nefarious business site BlackHatWorld. While it's unknown if Cotten ultimately hired from BlackHatWorld, the exchange was up within three months after the posting. A history of shady business dealings, to Castor, harldy puts the Quadriga co-founders in good light.
    Source: Amy Castor — Published: 2019-04-25

  • 🏧 2,000 more US grocery stores enable Bitcoin buying at Coinstar machines

    Coinstar has added another 2,000 crypto-ready kisoks to the initial 70 it placed at Safeways and Albertsons across the U.S. Stores Jewel, Shaw's, and Save Mart also have had crypto Coinstar's placed in them. Since the firstannouncement in January, crypto kisoks have enjoyed 15% growth in user acquistion week-over-week.Coinme, the partnering crypto company with Coinstar, has seen 92% growth in transaction volume and 109% growth in transaction processed from Q1 2018 to Q1 2018.
    Source: CoinDesk — Published: 2019-04-25

  • 🤝 Ledger appoints Pascal Gauthier as new CEO

    Ledger has tapped current president Pascal Gauthier as the new CEO, replacing Eric Larchevêque who will transition to head of the Executive Chairman of the Board. The switch was made in light of recent efforts to bring in institutional money, particularly with the recent Legder Vault announcement. Larchevêque will focus on regulation and government interaction for Ledger in his new position.
    Source: The Block — Published: 2019-04-25

  • 👟 Nike files a trademark application for “cryptokicks” cryptocurrency

    Nike has filed to trademark the word “cryptokicks.” Theapplication describes a digital currency that would be used by members of an online Nike community similar to existing cryptocurrencies. Nike also describes an electronic marketplace for their products and an exclusive cryptokicks member website. Trademark attorney Josh Gerben of Washington, D.C.'s Gerben Law Firm first noted this application on Twitter and said it shows Nike is serious about establishing cryptokicks as a line of business.
    Source: Portland Business Journal — Published: 2019-04-25

  • 🌏 Binance Singapore goes live and only supports bitcoin

    Binance has launched its Singapore fiat-to-crypto exchange, its third after exchanges in Uganda and Jersey. The Singapore exchange only supports Bitcoin $BTC for now, with possible additions as regulations allow. Binance worked with fintech payment serviceXfers for the launch, the same firm that worked withCoinbase before they canceled their Singapore exchange. 
    Source: The Block — Published: 2019-04-25

  • 🕵️‍♀️ [Analysis] A 'Blockchain Bandit' is guessing private keys and scoring millions - Andy Greenberg

    An anonymous 'blockchain bandit' has stolen some 45,000 Ether $ETH using an automated guessing trick, according toIndependent Security Evaluators. The odds of guessing a private key are essentially zero, but due to inexperienced users, malicious actors, or bad wallet codes, some private keys are quite simple. Of the 34 billion Ethereum addresses scanned by ISE, 732 popped up as guessable keys all were emptied, perhaps by nefarious actors. When scanning, ISE found one account in particular holding $7.7 million worth of presumably stolen Ether. Further analysis showed the deposits were pulled from thousands of disparate addresses into the central wallet. While ISE can see whose been robbed, it cannot show how. So, ISE tested the bandit by placing funds in an easily guessable wallet: it was gone within milliseconds. Testing ISE's program on Bitcoin $BTC addresses showed similar results, but not nearly to the same scale. The blockchain bandit is more reason to pick a great wallet, not just a good one.
    Source: Wired — Published: 2019-04-24

  • 🔧 Chainalysis adds real-time transaction monitoring for 4 more cryptos

    Blockchain analytics firmChainalysis has added Binance Coin $BNB and three stablecoins, Gemini Dollar $GUSD, Tether $USDT, and Circle's USD Coin $USDC, to its real-time transaction monitoring support. With the additions, Chainalysis real-time monitoring now supports ten coins holding 85% of the top 25 coins trading volume. Chainanalysis believes the tool is a pragmatic solution for the Financial Action Task Force ahead of impending regulatory decisions by the body.
    Source: CoinDesk — Published: 2019-04-24

  • 🚨 Japan probes two cryptocurrency exchanges after management changes: sources

    Japan's Financial Services Agency raided crypto exchangesHuobi Japan Inc. andFisco Cryptocurrency Exchange Inc. over customer protection and anti-money laundering practices in light of recent management changes, according to anonymous Reuters' sources. Regulatory scrutiny has increased in Japan's fintech market recently as the government sees it as a key economic driver.
    Source: Reuters — Published: 2019-04-24

  • ⛏️ Bitfury launches a regulated Bitcoin mining fund with a Swiss blockchain firm

    Bitfury has teamed up with Swiss-based blockchain and AI investment firmFinal Frontier to launch a regulated Bitcoin $BTC mining fund. Bitfury will scout global crypto mining locations for funding with the goal of on-boarding institutional and professional traders into crypto mining. 
    Source: CoinDesk — Published: 2019-04-24

  • 🗽 New York state sees first conviction for crypto money laundering

    Manhattan District Attorney’s Office has convicted two men, Callaway Crain and Mark Sanchez, of money laundering $2.8 million worth of controlled substances through a dark web market, NextDayGear. The duo sold some 10,000 packages from 2013-2018 with purchases typically made in Bitcoin $BTC and transferred through multiple wallets to mask trades. Crain and Sanchez are expected to serve between 2.5 and 7.5 years. Pertaining to the case, Manhattan District Attorney Cyrus R. Vance, Jr. said "Online drug sellers who do business in New York should take note: whether you’re operating in plain sight or in hidden corners of the dark web, my office has the skills and resources to follow the money, shut down your business, and hold you accountable, 
    Source: CoinDesk — Published: 2019-04-24

  • ⚡ Lightning Labs launches desktop app on Bitcoin mainnet

    Lighting Labs has released its non-custodialLighting desktop app, the first major company to do so alongside smaller competitors likeBluewallet. The app is available on MacOS, Windows, and Linux and implements Neutrino, a light weight method to verify transactions off the Bitcoin $BTC state. Lighting Labs has not yet announced a mobile version launch date.
    Source: CoinDesk — Published: 2019-04-24

  • 💻 Samsung is reportedly developing an Ethereum-based crypto token but it could take a while

    CoindeskKorea, operated by mainstream publication Hankyoreh, reported that Samsung Electronics is in the process of developing a mainnet for Samsung Coin, a private and public hybrid blockchain with a business-to-business approach. The source of CoindeskKorea, an insider within Samsung Electronics, reportedly said that the blockchain task force oft he company already made several blockchain-based platforms and ran internal tests to evaluate their performance. At this stage, Samsung Pay is said to be uninvolved with the blockchain project but the company is considering the establishment of some strategic partnerships down the line. However, due to the imposition of a ban on domestic ICO and token sales, Samsung is likely to observe the state of the market and lead conversations with local authorities.
    Source: CoindeskKorea — Published: 2019-04-24

  • 🚀 [Analysis] Will Ethereum be the Platform that Successfully Brings Blockchain into the Mainstream? - Yezi Peng

    Ethereum $ETH was introduced in 2013 because former Bitcoin programmer Vitalik Buterin wanted to expand the application use cases of the base layer protocol. After launching two years later, Ethereum incubated a multitude of token and application projects built on its blockchain. But, as Yezi Peng points out, despite all of the financial and technical attention paid to Ethereum, it, and other blockchains are still niche. Peng believes that Ethereum has the potential to bring digital assets, decentralized applications, and everything else native to the blockchain industry to a mainstream audience, but it needs to overcome some core issues. Namely, Ethereum needs to become a reliable development platform, create more market liquidity, and capitalize on its first-mover advantage. 
    Source: HBS Digital Initiative — Published: 2019-04-24

  • 😔 Coinbase shutters high-speed crypto trading division

    Coinbase has given the axe to its Chicago-based Coinbase Markets program which worked on market technology such as matching engines. Coinbase is laying off some of the staff and moving others to San Fransico to work with another Coinbase team dealing with similar research. In a statement, Coinbase said taking hits on some failed initiatives is part of the process of becoming the 'Google of crypto.'
    Source: CoinDesk — Published: 2019-04-24

  • 📈 TD Ameritrade, NASDAQ reportedly offer BTC and LTC Paper Trades

    TD Americtrade and Nasdaq may be testing Bitcoin $BTC trades against USD, according to Twitter userCryptopolis. Listed under 'CXERX,' Cryptopolis claimed he was able to buy one Bitcoin at spot as a Paper Trade. After contacting the TDAmeritrade helpdesk, Cryptopolis and the helpdesk concluded Nasdaq may be testing a Paper Trading platform.
    Source: Bitcoin Magazine — Published: 2019-04-24

  • 💰 Paradigm backs decentralized exchange protocol Uniswap

    Automated token exchange protocolUniswap has garnered an undisclosed investment fromParadigm, a digital asset investment firm started at the end of 2018. As the lead investor in the seeding round, Paradigm's investment could be as much as $1 million and has allowed sole employee and founderHayden Adams to hire two new employees.
    Source: The Block — Published: 2019-04-24

  • 🚬 ParagonCoin sells $4.2 million property and abandons cannabis co-working venture

    Cannabis focused crypto projectParagonCoin is selling a $4.2 million property it purchased for leasing to Cannabis companies via its native token, PRG. ParagonCoin has put the property up for sale and is pivoting to develop its 'track and trace' software for cannabis suppliers. The project was under investigation by the SEC for securities questions after a 2017 ICO.
    Source: CoinDesk — Published: 2019-04-24

  • 💸 Societe Generale issued a 100 million euro covered bond on Ethereum

    French banking group Societe Generale has issued a 100 million euro covered bond on the Ethereum $ETH blockchain as a security token dubbed “obligations de financement de l’habitat” or OFH. The bond is rated Aaa/AAA by Moody's and Fitch and was part of an internal startup program for fintech experiments.
    Source: Societe Generale — Published: 2019-04-24

  • 🥟 [Analysis] Why China would be right to ban crypto mining - Charlie Custer

    Whether or not China bans crypto mining due to environmental concerns Charlie Custer believes proof-of-work mining is a waste of energy. Citing data from__Digiconomist__** **Custer points out that crypto mining uses as much energy as a small developed nation, like Israel. Bitcoin $BTC alone uses about 45-55 TWh/yr while Ethereum $ETH uses 8-10. According to Custer, the CO2 emissions from mining come to the order of a few dozen megatons per year which is equivalent to 300,000 flights between LA and NYC. Even though the use of renewables, like hydro power, reduce environmental impact Custer claims that proof-of-work mining is creating a PR problem for crypto and holding the industry back. Custer's solution? Continue development on proof-of-stake coins instead of doubling down on PoW.
    Source: LongHash — Published: 2019-04-23

  • 🤝 Report: Disney in talks for controlling stake in NXC, indirect owner of Bitstamp and Korbit

    Disney has been offered a controlling stake in South Korea's NXC, the parent company of video game company Nexon that owns crypto exchanges Bitstamp and Korbit. NXC Chairman Jung-ju Kim is offering his 98.64% stake in NXC to Disney largely due to Disney's customer reputation, according to theKorean Herald. Nexon picked upBitstamp andKorbit in 2018 and 2017 respectively. Kim is also taking bids from Tencent, Kakao,Bain Capital, and MBK Partners.
    Source: Daily Hodl — Published: 2019-04-23

  • 🌐 BlockFi is now paying interest on $53 million of crypto deposits

    Crypto lenderBlockFi has had $18 million in Bitcoin $BTC and Ethereum $ETH deposits since last month, upping the total to $53 million. The minimum balance for earning interest was also lowered to 0.5 BTC from 1 BTC, bringing in a wave of new clients. India was added as a covered country, expanding BlockFi's reach. 
    Source: CoinDesk — Published: 2019-04-23

  • ✔️ BitGo passes an SOC Type 2 audit by a Big Four firm

    BitGo has passed a self-elected SOC Type 2 audit by an undisclosed 'Big Four' audit firm, becoming the first in the crypto industry to do so. SOC Type 1 audits ensure saftey protocols while Type 2 allow investigation into actual business practices. Rival exchange and custodianGemini has only passed an SOC Type 1, placing BitGo as the industry leader for safety concerns. 
    Source: CoinDesk — Published: 2019-04-23

  • 📲 Blockfolio now connects to crypto exchanges to auto-update your portfolio

    Crypto portfolio management firmBlockfolio has added automatic updates to its app. Users can now sync trades in real-time and with relative ease from seven major crypto exchanges likeBinance orCoinbase to their portfolios. The application was designed to rival competitorDelta's updating system and was rigorously beta tested for user experience.
    Source: Decrypt — Published: 2019-04-23

  • 😎 All Mt Gox users will receive some of their bitcoin back regardless of filing status

    All Mt. Gox users who had Bitcoin $BTC on the exchange when it collapsed in 2014 will receive a portion of their coins back regardless of filing status, according to a reddit user. Per the original posting by __DerEwige____',__ claims were filed on behalf of all Mt. Gox holders and were approved after creditors dropped objections against the filings. AQ&A has been posted for interested parties.
    Source: Reddit — Published: 2019-04-23

  • 🌎 [Analysis] The petro is real and Venezuelans are slowly starting to trade it - Jose Antonio Lanz

    State sanctioned and black market trading of Venezuela's cryptocurrency, the Petro, is slowing rolling out, particularly for hungry speculators. One state sanctioned exchange, Amberes, launched a PTR$BTC trading pair two weeks ago and has had continuously increasing trade volume with 300 Petros bought through the exchange since launch. While the Petro trades far under the government peg at about 0.0059 BTC or $30 per coin, Venezuelans can use them for inter-bank settlement or trading for other currencies like USD, Bitcoin, or Litecoin $LTC. According to Decrypt, the Petro has yet to be used in a meaningful way by the government, but investors are speculating that it might find a use case. Informal Telegram group chats are also on the rise, coordinating trades publically with administrators sometimes acting as an escrow service.
    Source: Decrypt — Published: 2019-04-23

  • ⛏️ Vitalik: Upcoming ETH PoS Algorithm will adopt higher staking rewards

    Ethereum $ETH co-founder Vitalik Buterin has proposed upping the staking reward for the next proof-of-stake algorithm upgrade. As put forward onGitHub, Buterin argued for upping the staking rewards based on validating Ether, moving from a base example of 18.1% max annual return for 1 million validating Ether to 1.56% for 134,217,728 validating Ether. The proposal has been met with applause as a solid answer to alternative interest bearing instruments likeBlockFi.
    Source: The Block — Published: 2019-04-23

  • 🌏 Nuo Network crosses $2 million in crypto reserves, making it the largest lending protocol based in Asia

    DeFi lending protocolNuo.Network is now the leading Asian DeFi lender and top five overall largely in thanks to Maker $MKR stability fee hikes. Nuo allows 3x leverage on margin trading throughUniswap and Kyber $KNC, which has brought DAI liquidity from holders looking to take advantage of the leverage on Ethereum $ETH long trades. 
    Source: The Block — Published: 2019-04-23

  • 😓 WSJ: Japanese billionaire SoftBank founder lost $130 million on Bitcoin investment

    Founder of Japan'sSoftBank, Masayoshi Son, invested in Bitcoin at the 2017 bull market hight, only to devest in early 2018 for $130 million in profit losses according to the Wall Street Journal. Son invested in Bitcoin via advice from Fortress Investment's Peter Briger whose company bought Bitcoin in 2013. Son's net worth still grew by 54% last year regardless of the hit.
    Source: CoinTelegraph — Published: 2019-04-23

  • 🗳️ Coinbase’s Political Action Committee shuts down without ever raising a cent

    Coinbase has shut down its Political Action Committee after ten months of inaction. The PAC was launched in June 2018 and quickly saw its head, former police chief Mike Lempres, depart for VC firmAndreessen Horowitz. Coinbase has filed a termination report with the Federal Election Commission which has yet to accept the termination.
    Source: CoinDesk — Published: 2019-04-23

  • 🕶️ Bittrex: ‘North Korean’ accounts flagged by NYDFS were South Korean

    Two Bittrex accounts flagged by the New York Financial Services Department as residing in a sanctioned country, North Korea, were actually in South Korea, according to a statement released by Bittrex. The accounts, which were raised as one of many reasons not to grant Bittrex a NY BitLicense, were noted in anop-ed by the NYDFS' Shirin Emami published on CoinDesk. Bittrex says the accounts were investigated via IP address in Oct. 2017 and found to reside in South Korea.
    Source: CoinDesk — Published: 2019-04-23

  • 😊 60,000 verified beneficiaries already registered Airdrop Venezuela seeking $1 million in donations

    In an interview on NPR, Professor Steve Hanke of John Hopkins says his humanitarian campaign,Airdrop Venezuela, has reached 60,000 verified beneficiaries and $272,000 in total crypto donations. The donations will go through Mexican startupAirTM and is looking to reach $1 million in donations for 100,000 verified beneficiaries.
    Source: CoinTelegraph — Published: 2019-04-23

  • 💭 [Analysis] CFTC chair Giancarlo hints at what’s holding back Bakkt’s Bitcoin futures - Nikhilesh De

    CoinDesk sat down with CFTC Chairman Christopher Giancarlo, or 'CryptoDad,' to discuss institutional movements in the crypto sphere, particularly Bitcoin $BTC futures exchange Bakkt. Like crypto, the CFTC operates with a set protocol, the 1936 Commodity Exchange Act. Responsibilities are divided between the federal and state government, with state governments responsible for licensing clearinghouses, among other things. Giancarlo hinted, but did not state, that Bakkt's choice to custody Bitcoin without seeking a state license until recently has delayed its approval. Other future exchanges, like CME Group or CBOE, also settle in fiat, not Bitcoin, which are more congruent with existing regulations. Another issue Giancarlo hinted at was Bakkt's choice to settle through an intermediary, ICE Clear US, rather than internally. Exposure to volatile assets like Bitcoin through clearing house arrangements have been known to frustrate other asset class representitives and could be slowing approval. Bakkt also chose to not self-certify like competing futures platforms LedgerX, CME, and CBOE because it settles through an intermediary. Adding steps to the process has led to further delays.  
    Source: CoinDesk — Published: 2019-04-22

  • 🗾 E-Commerce giant Rakuten opens its new crypto exchange to customers

    Japan's Rakuten has launched its new crypto exchange, Rakuten Wallet, to limited parties. Rakuten recieved a license in March from Japan's Finanical Service Agency. It has enabled AI-based customer assistance and is rolling out a mobile app for transfers, deposits, and withdrawls soon. Rakuten says the crypto exchange is a necessary compliment to its e-commerice business.
    Source: CoinDesk — Published: 2019-04-22

  • 🏦 220 banks already signed up for J.P. Morgan's interbank blockchain network

    Talking with the Financial Times, head of J.P. Morgan's global clearing John Hunter says the bank is continuing to developed its peer-to-peer bank service, theInterbank Information Network , with plans for a full launch in Q3 2019. 220 banks have signed up for the currently free service. Hunter says the bank is expanding Quorum with the IIN which is focusing on minimizing cross border payment friction.
    Source: The Block — Published: 2019-04-22

  • 🎾 Tennis star Serena Williams reveals investment in Coinbase

    23 time Grand Slam title owner and tennis star Serena Williams announced a slew of investments her VC firm Serena Ventures funds in an instagram post including crypto exchangeCoinbase. Serena Ventures started anonymously in 2014 and invests in an array of firms from clothing to fitness to health. Williams husband,Alexis Ohanian, was an early investor in Coinbase through his capital fund,Initialized Capital.
    Source: CoinDesk — Published: 2019-04-22

  • ⚡ Lightning Network browser extension enables shopping on Amazon with Bitcoin

    Moon, a newLighting browser interface, should launch Wednesday on Chrome which allows easy and simple e-commerce payments in Bitcoin $BTC. The interface works with giants like Amazon as it filters through undisclosed currency converters before payments reach sellers. Any crypto wallet with Lightning capabilities works with the Moon plugin. 
    Source: CoinDesk — Published: 2019-04-22

  • 🗳️ Two Aragon proposals aim for nearly opposite outcomes with Polkadot

    Two recent Aragon Governance Proposals, AGP 41 and AGP 42, steer completely different courses forAragon's interaction withPolkadot, with the future hinging on a simple majority stakeholder vote. AGP 41, presented by theWeb3 Foundation, asks the Aragon Assocation to buy a $1.5 million hedge in Polkadot's native token, DOT, while APG 42 presented by Spankchain's Ameen Soleimani bars Aragon from funding the Ethereum $ETH alternative at all. The vote is set to go live April 25th with polls closing the 27th.
    Source: CoinDesk — Published: 2019-04-22

  • 🛑 Nevada's highly criticized cryptocurrency bill fails to pass the State Senate

    The Uniform Law Commission's Uniform Regulation for Virtual Currency Business Act and Uniform Supplemental Commercial Law for the URVCBA under Nevada SB195 failed recently as the State Senate took no action. SB195 was introduced last February to strong reactions from crypto enthusiasts who criticized the bill which works to put Uniform Commerical Code regulations around the crypto industry. ULC's bill also failed in Missouri andWyoming.
    Source: Bitcoinist — Published: 2019-04-22

  • 💻 [Analysis] The state of crypto interoperability - Kerman Kohli

    Cosmos andPolkadot are two interoperability protocols with different built-in assumptions that claim to change how existing chains interact. In this piece by Kerman Kohli, the two protocols are broken into simple terms and evaluated from a basic utility standpoint. The key concept of Cosmos and Polkadot are bridges between major chains andEthereum. While Cosmos focuses on 'fast finality' through its Tendermint protocol, which finalizes blocks based on time and not consensus, Polkadot takes another route by adding both a finality and block production mechanism. Kohli notes that while both systems are young and need considerable development, with Cosmos Hub only launching only last month and Polkadot planned to launch in late 2019, they show promise, particularly as launchpads for other projects to migrate off of existing main chains. 
    Source: Token Economy — Published: 2019-04-22

  • 🇰🇷 Korea financial investors protections foundation: Average investment in crypto by 40s/50s doubled since 2018

    According to the Korea Financial Investors Protections Foundation, the average amount invested in crypto by retail investors in South Korea hovers at around $6,100 and is up nearly two-fold since 2018 amongst investors in their 40s and 50s. In a survey conducted across South Korea's six largest cities targeting investors aged 25 to 64 years old, the Korea Financial Investors Foundation found that the number of investors who are now committed in the crypto market has increased from 6.4 percent to 7.4 percent and the average amount invested in crypto by individual investors surged by 64.2 percent in the past 12 months.
    Source: TokenPost — Published: 2019-04-22

  • 💰 tZERO still negotiating funding from Makara and GSR Capital; misses mid-April target

    Overstock.com's subsidiarytZERO did not close negotiations with to funding firms, Makara and GSR Capital, and so missed its mid-April $100 million funding target according to a shareholder letter. GSR Capital does have a binding funding obligation of $30 million based on tZERO security tokens it purchased due the first week of May. The deal between GSR Capital and tZERO has been delayed multiple times since areported Dec. 2018 closing date.
    Source: The Block — Published: 2019-04-22

  • 🏦 Zaif exchange resumes activity after $60 million hack

    Zaif, a Japanese cryptocurrency exchange, nnounced that normal activity will resume on April 23, CoinTelegraph reports. In September 2018, the exchange suffered a roughly $59.8 million hack in whichBitcoin,Bitcoin Cash andMonacoin were stolen. The exchange was sold to Fisco Digital Asset Group as part of the plan to repay customers who suffered from the hack. 
    Source: Coin Telegraph — Published: 2019-04-21

  • 💼 Chile announces new crypto and fintech regulations

    Chile's Minister of Finance, Felipe Larraín, announced last week the introduction of a new bill regulating cryptocurrencies and fintech, CoinTelegraph Spain reports. Regulatory flexibility is one of the most important aspects of the bill, according to local news coverage included by CoinTelegraph, since Chile is home to a growing number of cryptocurrency exchanges that are currently not regulated. 
    Source: CoinTelegraph — Published: 2019-04-21

  • 💰 Poloniex adds support for Tether on Tron's blockchain

    Circle's Poloniex crypto exchange added support for Tether'sUSDT stablecoin as a token on Tron's blockchain. In March, Tetherannounced its implementation of USDT stablecoin as a Tron-based TRC-20 token. Tether started issuing USDT on theTron blockchain on April 17, CoinTelegraph reports, which is a move to allow Tron smart contracts to use the stablecoin. 
    Source: Coin Telegraph — Published: 2019-04-21

  • 🎾 Serena Williams announces her investment firm, which backs Coinbase

    Serena Williams, tennis superstar, announced on Instagram that she has been quietly building an investment portfolio for five years.Coinbase is one of more than 30 companies that Serena Ventures backs, according to the firm's website. Serena Ventures launched in 2014 with the mission of investing in companies that " embrace diverse leadership, individual empowerment, creativity and opportunity," Williams explained.
    Source: Daily Hodl — Published: 2019-04-21

  • 🌗 [Analysis] The hidden effects of crypto money laundering rules - Noelle Acheson

    Europe implemented strict anti-money laundering requirements in June 2018 as an update to their existing AML directive, and the deadline for the new rules' implementation by crypto exchanges is January 2020. Noelle Acheson explains why the heightened customer information requirements implemented across Europe matter for crypto and speculates on the probable market effects and new business opportunities that these more-onerous requirements could end up creating. Stricter regulation is rarely seen as a friendly development in the digital asset industry, but Acheson says: "what is seen by many as crypto’s greatest threat could end up being its greatest opportunity."
    Source: CoinDesk — Published: 2019-04-20

  • 🏪 South Korean exchange Coinnest posts a business closure notice

    By April 30, all users of the South Korean exchange Coinnest need to withdraw any funds stored on the platform because the business is closing, according to a notice posted by the Exchange this week, CoinDesk reports. Coinnest was previously South Korea's third largest exchange. The reasons provided for the closure are vague, but CoinDesk reports that the business' past fiscal year has been difficult in addition to losing $5 million in a mistake airdrop in January 2019. 
    Source: CoinDesk — Published: 2019-04-20

  • 🌳 Lolli announces THC and CBD partnerships on 4/20

    Lolli, a bitcoin-back online shopping rewards program, announced their anticipated partnership with Eaze on April 20. Lolli launched in mid-2018 with over 300 brands supporting their bitcoin rewards business, and, according to a Twitter announcement, now allows customers to shop for THC products at Eaze and CBD products at Eaze Wellness.  interviews Lolli CEOAlex Adelman onUnqualified Opinions.)
    Source: Twitter — Published: 2019-04-20

  • 📈 MakerDAO token holders vote over 3% DAI stability fee increase

    On April 19, another vote about whether to raise the stability fee forMaker’sDAI stablecoin by 3% has started on the protocol's Decentralized Autonomous Organization governance protocol, CoinTelegraph reports. In March, the DAO raised the stability fee twice:first to 3.5% and later to 7. percent. Last week, the fee was raised again by another 4%, bringing it to 11.5% currently. 
    Source: Coin Telegraph — Published: 2019-04-20

  • 🔐 [Analysis] Monero Celebrates its 5th Birthday - Christine Kim

    Monero, a poster privacy coin, celebrated its 5th birthday this week, and CoinDesk's Christine Kim explains the ethos of the project's founders, how the protocol has developer over the past half-decade, and what sets Monero apart from other digital assets.Monero isn't the only privacy-focused blockchain project, but it is the largest, according toOCFX data. In explaining the project's background, Kim also lists the key feature developments and differentiators that Monero offers to privacy-seeking digital asset users and investors. Verification times are Monero's "biggest limitation at the moment," contributor Justin Ehrenhofer told Kim. 
    Source: CoinDesk — Published: 2019-04-20

  • 🚨 FinCEN penalizes peer-to-peer Bitcoin trader for the first time

    The Financial Crimes Enforcement Network has fined Eric Powers, an individual money transmitter, $35,000 for failing to file any transaction reports on 200 transactions. Powers used mail, wire, and dark web services to move funds and meet clients, to which he settled 160 Bitcoin $BTC transactions worth a purported $5 million. The fine by FinCEN is the first peer-to-peer Bitcoin trading fine to date for the regulator.
    Source: The Block — Published: 2019-04-20

  • 🗾 SBI Holdings: Bitcoin Cash removal amid Bitcoin SV delistings was coincidence

    Japan's SBI Holdings delisting of Bitcoin Cash $BCH during the Bitcoin SV $BSV delistings was premeditated and not related to BSV. SBI Holdings does not list BSV, but does have a partnership withnChain,Craig Wright's company. SBI Holdings executives claimed the BCH delisitng was done in consultation with the Japanese Virtual Currency Exchange Association.
    Source: CoinTelegraph — Published: 2019-04-20

  • ☝️ [Analysis] BSV's delisting just distracts from exchanges' larger problems - Kyle Torpey

    In the wake of the Bitcoin SV $BSV delisting, cries of censorship and harm to customers are ringing through the greater crypto space, namely Twitter. Delisting BSV is not an act of censorship though, but an act of business sovereignty. If a coin forced its way onto an exchange, that would be a violation of a businesses rights. Many exchanges do not even list BSV and some did not delist, likeCircle's Poloniex. Arguments of customer harm are also misplaced as price drops regularly occur for any coin and no customer has the right to an exchange's services. For exchanges, customer complaints should point to one answer: list good coins. The crypto industry as a whole has tremendous issues; Binance calling out BSV is merely the pot calling the kettle black.
    Source: Long Hash — Published: 2019-04-19

  • 💻 Malware crypto ransoms rose by almost 90% in Q1 2019

    According toCoveware, ransomware attacks demanding cryptocurrency hiked by 89% from $6,733 in Q4 2018 to $12,762 in Q1 2019. Dharma, Gandcrab, and Ryuk were the three largest ransomware attackers for the quarter with most attacks hitting enterprises. Bitcoin $BTC remains the most sought after ransom.
    Source: CoinDesk — Published: 2019-04-19

  • ⚠️ BSV blocks get orphaned during 1.5 hours chain reorg

    According toNikita Zhavoronkov of blockchain explorerBlockchair, Bitcoin SV $BSV has experienced a six block or more reorganization due to miner confusion or fighting. Blocks 578640-5 were orphaned, perhaps due to the size of the blocks with number 578644 coming in at 128 mb which is known to cause reorgs or orphaned blocks. The network was down for 1.5 hours during the reorg.
    Source: Trust Nodes — Published: 2019-04-19

  • 🥟 Expert says Chinese Renminbi to become cryptocurrency

    Blockchain Research Institute'sDonald Tapscott recently revealed he had a meeting with China's vice-chairman of the Communist Party to discuss blockchain and crypto adoption. Tapscott believes China will develop a Renminbi cryptocurrency which will dominate the market in the next twenty years and make current crypto mining questions irrelevant. Decentralized exchanges , Tapscott said, will probably grow in China due to their transparency features.
    Source: CoinTelegraph — Published: 2019-04-19

  • 🚀 VC crypto-related investments already on pace to beat 2018

    Corporate venture capital investments in crypto-related businesses are on track to outpace 2018 with $850 million already invested compared to $2.4 billion invested during 2018, according to Pitchbook. The median value investment is down to $6.5 million from $8 million in 2018. 
    Source: Reuters — Published: 2019-04-19

  • 🔍 Binance quietly removed some Wall Street jargon from its token’s white paper

    Binance quietly updated their white paper with significant revisions surrounding Binance Coin $BNB burnings. According to The Block, who spoke with Binance CEOChangpeng Zhao, the white paper's lanaguage was clarified for legal and descriptive reasons. Commentators The Block reached out to say the language change most likely reflects securities concerns, but would have little effect on any regulators assessments. 
    Source: The Block — Published: 2019-04-19

  • ⛏️ [Analysis] Bitcoin Cash SV Unprofitable to Mine? $2.1 Million in Losses Since the Fork

    Recent BitMEX research shows Bitcoin SV $BSV miners have incurred a loss of $2.1 million since the hardfork in Nov. 2018. Using the price resistance level of $70 per coin BitMEX estimates sale proceeds of newly minted coins at $18.8 million compared to electricity costs of $20.9 million. These figures do not include overhead and other maintenance costs which could mean the actual loss is larger. With the recent price crash after theBinance delisting, Miner Update claims revenues could see another 14% drop. Billionaire BSV proponent Calvin Ayre is thought to run the largest BSV mining pool and even if operations are running at a loss Miner Rewards points out that miners like Ayre are motivated more by ideology than profit.
    Source: Miner Update — Published: 2019-04-19

  • 💻 Belarus President proposes giant data centre for Bitcoin mining

    In a bid to move Belarus towards a digital economy, Belarus President Aleksandr Lukashenko has proposed building a dedicated data center for Bitcoin $BTC mining. Lukashenko recently spoke with members of Belarus' IT sector to discuss the mining center, along with other state sponsored fintech policies. According to Miner Update, the Bitcoin center would be next to the country's nuclear power plant and could be up by the end of 2019.
    Source: Miner Update — Published: 2019-04-19

  • 🤔 Social media alternative Gab has hardforked Brave browser, taking off BAT

    Gab, a social media alternative focused on free speech, has hardforked Brave browers' open source code and plans to take off the Basic Attention Token $BAT. According to additional comments, Gab plans on open sourcing their alternative browser and embedding a Bitcoin $BTC wallet.
    Source: Twitter — Published: 2019-04-19

  • 👇 Coinbase brought in revenue of around $520 million in 2018, 60% less than projected

    According to research fromReuters andBloomberg,Coinbase missed its projected 2018 revenue by 60%. In 2018, the firm earned $520 million in revenue compared to a projected $1.3 billion. In 2017, Coinbase earned $923 million in revenue, down 44% year-to-year.
    Source: The Block — Published: 2019-04-19

  • 🧐 Bakkt exchange may be seeking NY BitLicense

    According to Bloomberg sources,Bakkt may be seeking a New York BitLicense as a solution to CFTC concerns with their futures application. The CFTC has cited custody for consumers as major hiccup. A state custody license like NY's BitLicense would be recognized by the CFTC, checking the box for Bakkt. Even if a license is granted, Bakkt would still need CFTC approval to launch.
    Source: Bloomberg — Published: 2019-04-19

  • ➕ Presidential candidate Andrew Yang calls for ‘clear guidelines’ on crypto assets

    Democratic presidential candidate Andrew Yang has released an official statement on cryptocurrencies and digital assets, according to CoinDesk. Yang's campaign called for clearer regulatory guidelines to help promote and protect the digital economy with specific citations of both the Token Taxonomy Act currently before Congress and Wyoming's recent crypto legislation. If elected, Yang promised to define crypto taxonomy through legislation, assign regulatory duties to specific agencies, clear up tax concerns, aid consumer adoption through protection, and develop a national framework to supersede state regulations.
    Source: CoinDesk — Published: 2019-04-19

  • 🖋️ [Analysis] Bitcoin in Heavy Accumulation - Tuur Demeester and Michiel Lescrauwaet

    A new report from Adamant Capital claims that Bitcoin **$BTC** is in the accumulation phase of the bear market and is therefore undervalued. Based on historical price and supply calculations the report puts unrealized profits and losses at 14% and 3% respectively. While capitulation hit hard in Nov. 2018 signs of hope are emerging. Looking at historical markets, Adamant believes that volatility should decline in future cycles as value investors replace speculative buyers, a trend that has been occurring for a few years now. Fundamentals continue to improve for bitcoin as new technologies, like like**Lightning **or federated sidechains have the potential to go mainstream. Furthermore, the report cites the "financialization" of Bitcoin, through Bitcoin futures and capital lending on wall street, as potential catalysts for a rising price. On a longer timeline Adamant believes that millennials, who tend to be more anti-authoritarian, are likely to latch on to Bitcoin once fully developed. While the report takes a bullish stance it acknowledges that exchange hacks, a macro-economic downturn, capitulation in secondary mining markets, future hardforks, or extreme regulatory crackdowns could have bearish implications. 
    Source: Adamant Capital — Published: 2019-04-18

  • 🔥 Empire State strikes back at Bittrex's BitLicense rejection explanation

    The New York State Department of Financial Services' executive deputy superintendent for banking, Shirin Emami, responds to Bittrex's explanation of their recent rejected BitLicense application in New York in an op-ed published by CoinDesk. NYDFS plainly says the exchange "continues to misstate the facts and it presents a misleading picture about the denial." Specifically, Emami counters Bittrex's explanation of the rejection with regard to transaction monitoring, missing or incomplete customer identity data, and unsatisfactory asset listing criteria. 
    Source: CoinDesk — Published: 2019-04-18

  • ⛓ Mithril partners with Binance as the first project to migrate to Binance Chain

    Social platform Mithril $MITH has announced that it will migrate its token from the ERC-20 format to Binances new BEP2 token following the earlier launch of Binance Chain. Mithril, which partnered with Binance to be the first token to migrate to the new chain, highlighted the benefits of the Binance DEX as a reason for the move.
    Source: Mithril — Published: 2019-04-18

  • 🌐 Coinbase launches crypto-to-crypto trading services in 11 countries

    Coinbase has added crypto-to-crypto trading for 11 new countries, bringing the total up to 53. Of the 11, five hail from Latin America, five from South East Asia plus New Zealand. Coinbase noted how the crypto economy is moving from an 'investment' phase to a 'utility' phase and is doubling down in an effort to bring more markets onto Coinbase.
    Source: Coinbase — Published: 2019-04-18

  • 🚀 Binance Chain launches on mainnet

    Binance has successfully mined the genesis block of Binance Chain with all 11 validators behind the Delegated Byzantine Fault Tolerance protocol working. Mainnet swap is planned for April 23rd, the same day wallets and a block explorer should go live. Binance CEOChangpeng Zhao made the first transaction on mainnet, although no trading pairs will be listed until the first Binance Coin $BNB batches are finished.
    Source: The Block — Published: 2019-04-18

  • 👮 Japan to require crypto exchanges to bolster internal oversight

    According to a Reuter's source, Japan's Financial Services Authority will be subjectively asking certain exchanges to beef up cold wallet security, particularly for internal management. Last year the agency heavily restricted hot wallets in the wake of multiple security hacks and breaches. 
    Source: Reuters — Published: 2019-04-18

  • 💸 Bolt Labs raises $1.5 million seed round to boost Lightning privacy

     Dr. Ayo Akinyele, a cryptographic researcher, has announced the founding of Bolt Labs with $1.5 million in seed funding from Dekrypt Capital, Xspring, Lemniscap, and Access Ventures. Bolt Labs is developing the BOLT protocol, aLightning layer 2 protocol for totally masking channel funds. Dr. Akinyele plans on making BOLT interoperable and is being advised by the Electronic Coin Company $ZEC CEO Zooko Wilcox.
    Source: CoinDesk — Published: 2019-04-18

  • 🍯 [Analysis] A Brief History of Cryptocurrency Mining: From Laptops to ASIC Farms

    Crypto mining has gone through four distinct phases in what Satoshi Nakamoto knowingly foresaw as a Bitcoin's $BTC "mining arms war." The Genesis Block mined by Satoshi used basic CPU processing power that could muster only about one block per 50 minutes. Satoshi knew mining could easily be overtaken by GPUs, mentioning the possibility on Bitcoin Talk in 2010. As word grew, GPU mining took over in 2011, accelerating after a Bitcoin Talk user Puddinpop open sourced the GPU mining code. During this time one miner, ArtForz, grew to control some 20% of the hash rate with a homebuilt GPU rig. FPGAs came next in 2011-2012, but were short lived due to difficulties working with Bitcoin's SHA-256 script. Finally came ASICs, with the first model capable of mining 60 GH/s compared to 1 GH/s of output from GPUs. Over time AISCs moved mining from a hobby to a profession with farm mining businesses likeBitmain and newer rigs running at over 200 times what the earliest ASICs could do.
    Source: Honeyminer — Published: 2019-04-18

  • 👌 3 countries looking at Bitcoin bonds, IMF remains hesitant

    According to the Bitcoinist, Afghanistan, Tunisia and Uzbekistan are all looking at issuing Bitcoin **$BTC** bonds, which have received mixed reviews from the IMF to date as feasible plan. Afghanistan is looking at issuing a bond for its Lithium industry, Uzbekistan for its cotton industry, and Tunisia, who already has a working study on the issue, for use with central banks in combination with**Hyperledger**.
    Source: Bitcoinist — Published: 2019-04-18

  • 🎲 Satoshi’s Treasure hacker claims first keys to $1M Bitcoin prize in minutes

    The second and third clues to Satoshi's Treasure, a *Ready Player One-*esque Bitcoin $BTC game, were found a full day before the clues were even announced due to hacking of the main site. Player John Cantrell used information from the first key, a QR code, to unlock the next two keys, summarily publishing his method on GitHub. According to a representative of the game, Dovey Wan of Primitive Ventures, the backdoor was purposefully built in and has triggered difficulty adjustments.
    Source: The Next Web — Published: 2019-04-18

  • 🤝 Telegram’s blockchain partners with a German financial firm to build digital financial services

    Telegram Open Network $TON has tapped German financial firm Wirecard to help developed undisclosed financial products. TON, the blockchain ecosystem designed for popular messaging app Telegram, is now in private beta testing mode as of last week according to insider sources. As Wirecard executive Georg von Waldenfels puts it, “Their TON Labs’ immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger will be instrumental for the success of our joint program."
    Source: CoinTelegraph — Published: 2019-04-18

  • 😂 Sweden changed is official currency to Bitcoin (for 30 minutes)

    Anti-socialist Swedish hackers gained control of Sweden's Social Democrats' Twitter account and immidiatly announced Bitcoin $BTC as the new currency. The hackers submitted phone numbers, emails, and fake documents to Twitter to gain control of the account, which only lasetd around 30 minutes. In a now deleted tweet, the hackers said "We have abolished the Swedish krona and replaced it with Bitcoin. Time to buy!" 
    Source: Bitcoinist — Published: 2019-04-18

  • 💭 [Analysis] A few thoughts on what bitcoins are - Joe Kendzicky

    There is no coin, or token, or "bitcoin" in Bitcoin explains Joe Kendzicky. Instead Bitcoin is a simple accounting ledger where ownership of simple code, called an unspent transaction output , is transferred between users. Copying the code underlying Bitcoin is trivial but the code is not what makes the chain scarce and secure. Instead, Kendzicky argues that the true value in Bitcoin comes from the vast amount of resources expended in the proof-of-work process. While anyone can copy the Bitcoin state and launch a new chain but can not copy the energy that went into validating blocks. This is where Kendzicky** **believes alternatives to proof-of-work will fall short. 
    Source: Analyst Afterthoughts — Published: 2019-04-17

  • 👨‍⚖️ Winklevoss twins end lawsuit against Charlie Shrem

    The court case againstCharlie Shrem over the alleged misappropriation of 5,000 Bitcoin $BTC has been dismissed with no chance of refiling. Each party, Shrem andWinklevoss Capital, has agreed to cover its own legal fees. The news comes some 60 days after a court ordered Winklevoss Capital to pay $45,000 to Shrem after a Federal court overturned a previous ruling that had frozen Shrem's assets in Nov. 2018.
    Source: Modern Consensus — Published: 2019-04-17

  • 📣 Binance working to migrate crypto projects from Ethereum to its chain

    According to The Block, Binance $BNB is trying to convince projects to switch over from Ethereum $ETH to its own blockchain, Binance Chain. Binance Chain launched in 2018 and could possibly use listing on Binance's crypto exchange as an extra incentive to make the switch. Binance has yet to respond to the story.
    Source: The Block — Published: 2019-04-17

  • 💼 Ocean Protocol announces Initial Exchange Offering with Bittrex

    Ocean Protocol and Bittrex International announced on April 17 an Initial Exchange Offering of OCEAN tokens to raise funds for the development of Ocean's decentralized data exchange protocol. The offering will officially start on Tuesday, April 30. In a press release shared with Messari,Bill Shihara, CEO of Bittrex, said the exchange looks forward to working with the Ocean Protocol team as part of the exchange's mission to "incubate innovation" through the IEO process. 
    Source: Twitter — Published: 2019-04-17

  • 🖥️ Microsoft and an enterprise Ethereum group launch a token-building kit

    The Enterprise Ethereum Alliance and Microsoft are facilitating a project between major enterprise blockchain providers to design and create an easy-to-use toolkit to launch tokens and other digital assets for enterprise needs , CoinDesk reports. This so-called "Token Taxonomy Initiative" aims to be protocol neutral and crossesEthereum, Hyperledger,R3’s Corda and Digital Asset’s DAML. 
    Source: CoinDesk — Published: 2019-04-17

  • 🤝 A Chicago trading tech firm partnering with BitMEX professional crypto trading

    Chicago-based Trading Technologies has inked a deal withBitMEX to offer crypto perpetual swaps. Trading Technologies will add perpetual swaps to its other crypto-related trading features like Bitcoin $BTC futures and trading of cryptocurrencies listed onCoinbase. Per a statement from TT CEO Rick Lane, "This collaboration with BitMEX brings our award-winning trading software to a much broader cryptocurrency market. We expect this partnership will grow trading volume on BitMEX, not only through our existing clients who want access to cryptocurrencies, but also through new users keen to leverage professional trading software and enjoy better trading experiences." 
    Source: The Block — Published: 2019-04-17

  • 📣 [Analysis] Internet Consolidation Opened the Door to Censorship - Elaine Ou

    Elaine Ou outlines how the centralization of providers across the internet stack has led to increased government intrusion on free speech. Because most of the internet passes through a narrow funnel of platforms, like Twitter and YouTube, Ou contends that government control over content is as easy as a phone call to one of these providers. The public also has sway over what is posted online, with "online mobs" pressuring platforms to remove content that offends them. If governments or the public are unsuccessful in going after the top of the stack online users have gone after infrastructure providers, like hosting services, to censor content. Where politics and technology meet, a reactive culture is found. Ou believes that regulatory clarity can help define free speech codes for platform users, but alternative systems must be allowed to breathe.
    Source: Bloomberg — Published: 2019-04-17

  • 🏆 Turing Award winner’s blockchain opens test network to public

    Algorand, a proof-of-stake blockchain first created by MIT professorSilvio Micali in 2017 has gone live for public test net use. Micali won the Turing award for his work which sought to create a public, permissionless blockchain that is both scalable and secure without fear of fork splits.
    Source: CoinDesk — Published: 2019-04-17

  • ⛪ BlockShow launches crypto fundraising campaign for Notre Dame reconstruction

    BlockShow, a crypto event funded by CoinTelegraph, has launched two charity wallets, one in Bitcoin $BTC and one in Ethereum $ETH, for the recent Notre Dame fire. A link to a popular fiat donation site, theFoundations Du Patrimoine, is also found on the website.
    Source: CoinTelegraph — Published: 2019-04-17

  • 💸 Binance brings in $78 million in Q1 2019 profits, up 66%

    According to The Block's calculations,Binance's Q1 2019 brought in some $78 million in profit in compared to $47 million in Q4 2018, a hike of 66% quarter-to-quarter. The calculations were based on announced burnings of Binanace native token$BNB, with 830,000 BNB equivalent to 20% of net profits being torched. In seven quaters of existence, Binance has earned some $733 million in profit.
    Source: The Block — Published: 2019-04-17

  • 👏 Casa kicks off data privacy campaign with a privacy policy update

    Bitcoin $BTC custody startupCasa has updated its data privacy policy to "lock" its company policies going forward. According to a conversation with The Block, the update increases user experience and was open sourced for other projects to adopt the standards. Updated standards specifically target third party tracking, cookies, and data skimming chat applications. Now if the company changes, CEOJeremy Welch says, the privacy policy changes would have to go public first.
    Source: The Block — Published: 2019-04-17

  • 👍 Global auditor EY unveils ambitious bid to bring businesses to Ethereum

    'Big Four' accounting firm EY is launching an Ethereum $ETH based software, Nightfall, to help scale enterprise blockchain and asset tokenization. The protocol, set for publishing in May, will be open sourced and in the public domain. The protocol is targeted for supply chains, food sourcing, transactions, and public finance. EY has been working on a ERC-721 compatabile token to aid asset tokenization as a complement to the Nightfall protocol.
    Source: CoinDesk — Published: 2019-04-17

  • 📋 [Analysis] To Blockchain or To Not Blockchain - Mohamed ElSeidy

    Just because others have blockchains does not mean you need one, argues Mohamed ElSeidy. ElSeidy lays out three state saving systems, databases, permissionless blockchains, and permissioned blockchains, which can achieve similar goals. Databases are the most efficient and have the lowest latency for querying results. Permissionless blockchains sit at the other extreme, being slow by design but with the perk of not being controlled by a single entity. Permissioned blockchains sit somewhere in the middle depending on their construction. When selecting what state management system to use it's important to keep in mind who needs access to information and how it is stored; efficiency for the sake of efficiency or anonymity for the sake of anonymity is not necessary, particularly in the business world. ElSeidy argues that some poor use cases of blockchain would be supply chain management and the Internet of Things , which fail to understand how parties in pre-existing systems are already identifiable if they fail, which increases the integrity of the system. On the other hand, e-voting, interbank and international settlement, and trading/exchanging products are good use cases, as each party is risk-averse to a degree, but demands anonymity with public verifiability.
    Source: Medium — Published: 2019-04-16

  • 🔖 Startup Arca seeks SEC approval for US Treasury Bond-backed stablecoin

    Los Angeles startupArca has filed a prospectus with the SEC for a U.S. Treasury Bond-backed stablecoin named Arca UST Coin. Bonds will be tokenized on the Ethereum $ETH blockchain with a targeted net asset valuation of $1 per coin, although Arca claims the token will have slightly more volatility than typical stablcoins. Minimum investments sit at $1,000 with plans for quarterly dividend payouts. Per the filing, Arca needs $25 million in funds to go forward with the plan, which they hope to be approved in 2019. 
    Source: CoinDesk — Published: 2019-04-16

  • 📱 Sirin Labs cuts 25% of its workforce as CEO faces $50M lawsuit

    Sirin Labs has let go of 15 of its 60 employees due to lower than expected sales of its blockchain phone, Finney. The blockchain project denied rumors of unpaid workers, saying all team members were compensated for both March and April. Sirin Labs was launched on some $225 million, partially funded by an ICO of native token SRN which is down over 99% since its launch.
    Source: The Next Web — Published: 2019-04-16

  • ⛵️ Bitcoin seasteading couple in the crosshairs of the Thai navy

    Chad Andrew Elwartowski and Supranee Thepdet are accused by Thailand's Third Naval Area Command of breaching Section 119 of the Thai Criminal Code by setting up a floating living platform 12 nautical miles off the coast of Phuket, according to the Bangkok Post. This violation, if proven, is punishable by death or life imprisonment. Elwartowski and Thepdet moved to Thailand and began building this platform after becoming wealthy from bitcoin $BTC trading, the Bangkok Post reports. Navy officers said they tried to make radio contact with people on the platform but no one responded. 
    Source: Bangkok Post — Published: 2019-04-16

  • 😎 The Internet Archive earns $2,500 in BAT microtips

    According to a blog post, the Internet Archive has earned some $2,500 or over 9,000 Basic Attention Tokens $BAT since it signed up to be aBrave creator over two years ago. The Archive only recently set up its cryptocurrency wallet, finding and noting the unexpected tips with much gratitude.
    Source: Internet Archive Blog — Published: 2019-04-16

  • 🏰 France to ask EU partners to adopt its cryptocurrency regulation

    French Finance Minister Bruno Le Maire is pushing for greater Euopean adoption of France's new crypto laws through the EU. The crypto regulation, the first major framework to be adopted by a major country, issues certificates for the crypto industry with twin goals of oversight and nabbing tax payments. Although not set in stone, the regulations ask who is behind crypto issuances, what business model is being used, and checks anti-money laundering rules. By becoming the first nation to set up a framework, France hopes to become a crypto-economy hub.
    Source: Reuters — Published: 2019-04-16

  • 💭 [Analysis] The State of Ethereum 2.0 - Ameen Soleimani, et al.

    In a series of interviews with team members from various Ethereum $ETH 2.0 projects,Ameen **Soleimani** found various team dynamic issues slowing the launch. Ethereum 2.0 is claimed to bring Proof-of-Stake along with sharding for increased transaction numbers to Ethereum and was planned for March 2019 testnet. Soleimani found that teams remain committed regardless of mulitple setbacks, although coordination issues between research teams and implementation teams are slowing the launch. Ethereum 2.0 teams lack coordination in general and need a central figure like Danny Ryan to guide the greater political process. Community expectations are high, but inquiry shows Ethereum 2.0 will probably not launch till mid-2020 for DApp developers. To both ease and speed up the process, Soleimani argues for increased implementor authority, Danny Ryan to be placed as central coordinator between teams, a standardization process to be laid down by theEthereum Foundation, and assistance from his firm,Kyokan, andMolochDAO for funding and personal issues.
    Source: Twitter — Published: 2019-04-16

  • 💵 ConsenSys is seeking $200 million in new funding: report

    According toThe Information,Joe Lubin's Ethereum $ETH ecosystem umbrella companyConsenSys is seeking $200 million in funding at a $1 billion valuation. ConsenSys is claimed to be talking to Chinese investors with 2019 revenue projections set for $50 million. The Information claims ConsenSys brought in a little less than $21 million last year.
    Source: CoinDesk — Published: 2019-04-16

  • 🚀 Gemini upgrades wallet with full support of SegWit

    Gemini exchange has announced full support of deposits and withdrawals for SigWit, becoming the first major exchange to add the 2017 Bitcoin $BTC upgrade. Gemini also added transaction batching for its wallets. The exchange made the move to SegWit support in light of current market trends likeLightning, according to the posting.
    Source: Medium — Published: 2019-04-16

  • 🛰️ Blockstream user beamed Bitcoin treasure hunt worth $1 million

    Twitter user grubles has been beamed a anonymousBlockstream transmission with instructions and first clues to a Bitcoin $BTC treasure worth $1 million.GPD coordinates were included for the first clue. Generally, all clues will involve combinations of crypto knowledge, traveling, or feats of strength. A website,Satoshi's Treasure, was also created to give out periodic clues.
    Source: Twitter — Published: 2019-04-16

  • 👏 BitMEX CEO reveals plans to open crypto options platform

    On the Venture Coinistpodcast,BitMEX CEOArthur Hayes says BitMEX is looking at launching crypto options within the next 12-18 months. The exchange is currently working with academics on innovative listing methods for crypto options. 
    Source: CoinTelegraph — Published: 2019-04-16

  • 🤝 GoChain adds DISH Network as first enterprise node signer on a public blockchain

    Proof-of-Reputation consensus algorithmGoChain has added DISH Network as a signing node for GoChain's public network. DISH Network has accepted Bitcoin $BTC since 2014 and is interested in pairing with GoChain to test is applicability to its customer needs. In a statement, GoChain's CEO Jason Dekker noted the benefit of having a visibility company like DISH become a network validator.
    Source: Medium — Published: 2019-04-16

  • 💰 [Analysis] The case for a small allocation to Bitcoin - Wences Casares

    All funds should invest 1% in Bitcoin $BTC according to Wences Cesares. If Bitcoin succeeds, funds could see heady profits; if it fails funds should be able to cover a 1% loss. The asymmetrical value proposition as a new sovereign system means not investing is borderline irresponsible. As the internet is to information freedom, Bitcoin is to monetary freedom. Similarly, internet and email protocol development show us that once a protocol is established, its almost impossible to knock off. So, other cryptocurrencies are unlikely to succeed and entrepreneurs should look to secondary layer systems likeRSK orLightning built on top of the Bitcoin state. For Bitcoin, the biggest risk is a price race to the bottom spurred by investments people could not afford. Volatility hedges against this by keeping risk averse individuals away from Bitcoin.
    Source: Kana and Katana — Published: 2019-04-15

  • 🧐 Binance Labs says only 7% of crypto held by institutions

    According to a Binance Labsreport "Investigating Cryptoasset Cycles," only 7% of crypto assets are owned by institutions as compared to 90% of the U.S. stock market held by institutions. Crypto assets also have five times the turnover rate compared to U.S. stocks.
    Source: Binance Labs — Published: 2019-04-15

  • 📈 Startup raises $3.9 million in tokenized equity on London Stock Exchange Platform

    Startup 20|30 has raised $3.93 million in a tokenzied shares sale on a platform operated by the London Stock Exchange Group . 20|30's sale was part of a trial effort for tokenzing shares to streamline how capital is raised for companies. Although a trial run, the sale used real cash. The startup has been working with the UK's Financial Conduct Authority since last year on the trial run.
    Source: CoinDesk — Published: 2019-04-15

  • 👮 South Korea police conduct seizure search on possible firms linked to Bithumb's $12.6 million crypto hack

    The South Korea police has begun to extensively investigate Bithumb's $12.6 million crypto hack, which the major cryptocurrency exchange previously described as a possible inside job. On March 30, the Bithumb team said in an official statement that it suspects the breach to have been conducted by insiders within the company. "As a result of the internal inspection, it is judged that the incident is an “accident involving insiders," Bithumb said. This week, the South Korea police has started to investigate potential external servers and IP addresses that may be associated with the security breach, opening the possibility that the breach involved outsiders. A Bithumb spokesperson told MoneyToday, a local publication, that no customer funds were stolen during the incident and that only corporate funds were stolen. Customer funds stored in cold wallets remain safe.
    Source: MoneyToday — Published: 2019-04-15

  • 🚫 Binance will delist Bitcoin Satoshi Vision

    On April 15, Binance announced that it will delist Bitcoin Satoshi Vision $BSV, a fork of the Bitcoin Cash blockchain, on April 22 at 10:00 AM UTC. CEOChangpeng Zhao threatened the delisting last week in response to legal action letters sent byCraig Wright andCalvin Ayre. The official announcement blog post cites the reason as Binance's evaluation that the asset no longer meets "the high level of standard they expect" from crypto assets.
    Source: Twitter — Published: 2019-04-15

  • 💸 9 in 10 endowment funds have made crypto-related investments, study finds

    According to a Q4 2018 study of 150 mostly U.S. hedge funds byGlobal Custodian, theTRADE Crypto, andBitGo, 94% of hedge funds have invested directly or previously in crypto assets. Over 50% have invested in singular crypto assets. This year, only 7% plan on decreasing exposure while less than 50% plan on holding crypto investments steady and the remainder increasing investments.
    Source: The Block — Published: 2019-04-15

  • 🛑 SEC cracks down on potentially misleading ETF names

    Exchange Traded Fund names are coming under more scrutiny, with the SEC asking companies to justify names in light of the 1940 Investment Company Act. The Act demands that no less than 80% of a company's given asset are the type signaled by the comapany's name. Last year, two ETFs,Amplify andReality Shares ETFs, dropped 'blockchain' from their names at SEC request. Increasingly, companies are using exchange tickers to fill the marketing void left by name changes.
    Source: Bloomberg — Published: 2019-04-15

  • 🏦 [Analysis] How to scale Bitcoin (without changing a thing) - Nic Carter

    The Bitcoin $BTC scaling debate is the oldest in the industry. In fact, it was raised a mere five hours after Satoshi sent out his whitepaper by cypherpunk James A. Donald: "If hundreds of millions of people are doing transactions, that is a lot of bandwidth — each must know all, or a substantial part thereof."Hal Finney addressed the scaling issue in 2010, arguing for the creation of Bitcoin banks as a secondary scaling option. If Bitcoin is a settling network, which its clunky chain and fee market are ever-pushing it towards, then new scaling options must be created. Lightning and sidechains offer one complementary vision of scaling, but do not offer the custodial and credit services banks do. While many Bitcoiners deride credit creation through fractional reserve banking, its a fair assumption that, given transparency, fractional reserve banking can work in the new Bitcoin economy. Transparency only comes through Proof of Solvency, which is the sum of reserves and liabilities. Multiple methods exist for calculating reserves and liabilities like UTXOs, cash flows, and Merkle trees. Still, most reserves do not proove solvency. In light of QuadrigaCX and new powerhouses likeBakkt andSquareCrypto, incumbants are best to watch their backs.
    Source: Medium — Published: 2019-04-15

  • ✉️ Chainalysis: Some FATF recommendations would be harmful to crypto exchanges

    Blockchain firmChainanalysis issued a letter to UK regulator Financial Action Task Force for recommendations on crypto exchanges' anti-money laundering and know your customer laws. Chainanalysis argued for crypto exchanges to collect personal user information, but that registration or licensing for individuals is overburdensome on the market. If accepted, the letter could become part of FATF regulations by June.
    Source: The Block — Published: 2019-04-15

  • 🗾 Japan’s largest bank will issue a proprietary cryptocurrency this year

    According to President Kanetsugu Mike of Mitsubishi UFJ Financial Group Inc., the bank will be rolling out its own digial currency by the end of the year. The bank is hoping it is picked up for enterprises use with companies labeling tokens after their own company name plus 'coin' as a sort of internal script that still connnects to the greater economy. 
    Source: The Japan Times — Published: 2019-04-15

  • 💵 BitMEX is considering issuing short term Bitcoin bonds

    In an interview with Luke Martin on his Venture Coinistpodcast,BitMEX CEOArthur Hayes says he is looking at launching a Bitcoin backed short term bond. "I want to create a future where the highest quality exchanges and miners... issue short-term Bitcoin bonds to the ecosystem," Hayes said, " So, let's say you want to buy some 30-day paper. Why can't you buy a BitMEX 30-day zero-coupon bond that yields some rate of interest that reflects the market's determination of our credit risk?" Hayes said over the next few months, he will be working on paper to address specificiations for the new type of bond.
    Source: CryptoGlobe — Published: 2019-04-15

  • 🚀 IMF and World Bank explore crypto merits with blockchain project

    The International Monetary Fund and the World Bank have launched a quasi-cryptocurrency named 'Learning Coin' to better understand the technology. The coin has no monetary value and will not be avilable outside the two institutions. In a statement, the IMF said that cryptocurrencies are ". . . forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology. This project begins to bridge that gap and form a strong knowledge base of the technology among IMF and World Bank staff.” 
    Source: Financial Times — Published: 2019-04-15

  • 🥩 Fogo de Chão Brazilian steakhouse announces it will use blockchain to trace the meat it serves

    On April 9, Brazilian steakhouse Fogo de Chão announced their plans to use a blockchain to track the meat it serves, according to CBS Local reporting by KPIX 5 News. This marks the first chain restaurant in the U.S. to test this use case for blockchains. In a partnership with an AgTech startup, HerdX, the restauraunt aims to "create a safer supply chain" for the food they serve. 
    Source: CBS Local — Published: 2019-04-14

  • 👨🏽‍⚖️ Bitcoin and blockchain crime bills clear the Michigan House

    On April 9, The Michigan House approved House Bill 4103, bipartisan legilsation that would write Bitcoin and blockchain technologies into existing state laws against racketeering and financial crime, The Detroit Times reports. Lawmakers supporting the bill describe it as consumer protection plan that would update Michigan laws to apply to advanced technologies. The six-part legislation package does not create new penalities for blockchain-related crimes, but gives prosecutors additional tools for cases that involve cryptocurrencies. 
    Source: The Detroit News — Published: 2019-04-14

  • 🐦 Crypto Twitter raises $20,000 for the "Hodlonaut Legal Fund"

    Twitter user "Hodlonaut," creater of theLightning Trust Chain Twitter game deleted their Twitter account after other users attempted to reveal the psuedonymous account's identity. After facing potential legal action from Craig Wright, moreover, Crypto Twitter contributed more than $20,000 to a legal fund established to help the inidividual behind the Hodlonaut account. Bitcoin Magazine reports: " the campaign attracted a total of 4 BTC from 892 contributors with an average donation of $22.6."
    Source: Bitcoin Magazine — Published: 2019-04-14

  • 🏆 Binance Labs grants $45,000 to three open-source crypto projects

    Per a blog post announcement on April 12,Binance Labs, the investment arm of major cryptocurrency exchangeBinance, has granted $45,000 to three different open-source crypto projects, Coin Telegraph reports. The three grant recipients include: Ironbelly, an open-source mobile wallet for theGrin; HOPR, a privacy-preserving messaging protocol; and Kitsune Wallet, an upgradeable smart contract-based on-chain wallet. 
    Source: Coin Telegraph — Published: 2019-04-14

  • ⏲️ Vitalik says "recent governance noises" did not delay Ethereum 2.0 "by even a single day"

    In a recent Reddit post,Vitalik Buterin aired his opinions on recent controversial exchanges and tweet threads on Twitter with regard toEthereum's governance. He said, " While I get frustrated with the antics of the ‘chattering classes’ myself, it’s important to keep in mind that Prysmatic, Lighthouse, the eth2 research team, etc etc are all continuing work right on schedule, and the recent governance noises, while loud and annoying, did not delay the progress of eth2 by even a single day." Ethereum 2.0 is a scaling and usability upgrade spec for Ethereum . 
    Source: Reddit — Published: 2019-04-14

  • 👋 Coinbase VP of International Business Dan Romero leaving after 5 years

    Coinbase continues to lose staff as longtime employeeDan Romero, currently the VP of International Business, will depart by the end of the month. Romero joined Coinbase in 2014, when the staff count sat at 20 compared to the 700 plus employed today. Since October, Coinbase has lost around a dozen executives or mid-level employees.
    Source: CoinDesk — Published: 2019-04-14

  • 🕵🏼‍♂️ Zooko Wilcox envisions "ambitious" changes for Zcash

    Zooko Wilcox, CEO of Electric Coin Company said about Zcash: “We’ve been working on zcash for about five years and I expect it will take five more before it reaches the level of flourishing that has been on our minds all along.” CoinDesk reports that these comments came during a conversation on the last day of the RadicalxChange conference in Detroit. Wilcox envisions another “three or four year long moonshot project” in order to develop zcash “in ways that are not specific to privacy,” and comments were made about the intent to make Zcash "programmable like Ethereum."
    Source: CoinDesk — Published: 2019-04-13

  • 🖥️ Goldman Sachs CEO denies the firm ever intended to build out a crypto desk

    The Block reports that news reports of Goldman Sachs opening a cryptocurrency desk are being disputed by the firm, CEO David 'DJ" Solomon told a U.S. House of Representatives panel Wednesday. Solomon told the Committee: “We have some clients that have certain functionality that we’ve engaged with on clearing physically settled futures, but other than that we never had plans to open a cryptocurrency desk.” 
    Source: The Block — Published: 2019-04-13

  • ⚠️ Thor, built on NEO, is shutting down due to insufficient capital

    Thor Token, a San Francisco-basedblockchain project, is shutting down as the project “was not able to gain traction and achieve commercial success,” according to an announcement by founder and CEO at Thor, David Chin on April 9. Thor, built on NEO $NEO, is closing its doors as it reportedly could not raise enough capital to cover the lack in sales, Coin Telegraph reports. 
    Source: Coin Telegraph — Published: 2019-04-13

  • ➡️ Horizen Labs raises $4 million to build a Sidechain-as-a-Service platform

     Horizen Labs, a tech firm for helping businesses build blockchains, has raised $4 million in funding, according to a blog postpublished on April 11, reports Coin Telegraph. The company intends to develop sidechain-as-a-service products. Horizen Labs initially aimed to raise $2 million in seed funding, but overshot its goal and received $4 million from Digital Currency Group 
    Source: Coin Telegraph — Published: 2019-04-13

  • 🍔 Albertsons joins the IBM Food Trust network

     More than 80 brands have already joined the IBM Food Trust network,The Block reports. Albertsons—the owner of Randall’s, Safeway, and Tom Thumb supermarkets—is the latest addition, according to an IBM press release. Earlier this year, IBM announced it had put a shipment of oranges on the blockchain as a trial, reducing "the administrative process of transferring the title deed, from five to seven days to just a second.”  
    Source: The Block — Published: 2019-04-13

  • 💰 Bitcoin donations to Wikileaks soar following Julian Assange’s arrest

    Wikileaks bitcoin donation addresses recieved roughly $20,000 worth of donations on April 11 when police forcibly removed Julian Assange from the Ecuadorian embassy in London, where he had stayed for the past seven yeras. In total, 272 transactions sent more than 6.3 bitcoins to Wikileaks addresses. 
    Source: Bitcoin.com News — Published: 2019-04-13

  • ✂️ Binance threatens BSV delisting

    In a now-viral tweet, Binance CEO Changpeng Zhao threatened to delist Bitcoin SV $BSV over Dr. Craig Wrights' claim to be the anonymous Satoshi Nakamoto. Recently, Wright has been accused of doxing twitter personalities like pseudo-anonymousholdonaut and attacking podcasterPeter McCormick over tweets directed at Wright's claim. 
    Source: Twitter — Published: 2019-04-13

  • 💸 Tim Draper to meet with Facebook about crypto project investments

    In an email to Bloomberg, venture capitalist Tim Draper says he is meeting with Facebook to discuss investing in the social media giant's cryptocurrency project. According to the email, Draper said "I am interested to hear the story . . . We will see if it is a fit." Facebook has been hiring blockchain professionals in increasing numbers since December and recently had news of a cryptocurrency in the works divulged by the New York Times.
    Source: Bloomberg — Published: 2019-04-13

  • 🤖 [Analysis] Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges - Philip Daian, et al.

    As peer-to-peer transactions based on smart contracts, decentralized exchanges are vulnerable to protocol flaws. These flaws tend to look similar to vulnerabilities in legacy financial systems like blind raising or counter-bidding. In this empirical study, Cornell University researchers look at arbitrage bot activity against known and unknown methods of exploiting discrepancies in smart contract security protocols. Through various scenarios, like front running or counter-bidding, the researchers show how differences between smart contract security and base-layer consensus security offer viable rewards for exploitive programs. How DEXs manage time lag, bidding orders, and other arbitrage opportunties has real world effects for actual customers. Empirically, bots were always profitable P2P systems in Cornell's research, meaning the opposite trading party consistently lost money when paired with a bot. While mistakes on P2P do happen, the certainty of profit for bots points toward remaining protocol issues for DEXs to address.
    Source: Cornell University — Published: 2019-04-12

  • 🗾 Japan's fifth largest bank pulls out of Ripple project and gives no reason why

    Japan's fifth largest bank and one of three banks working with Ripple's $XRP and SBI Holding's 'Money Tap' money transfer app has pulled out from the project. The bank, Resona, was a founding partner during the service's launch last October. Resona gave no reason but will cease assistance by May 13th. 
    Source: CoinDesk — Published: 2019-04-12

  • 🕵🏼‍♂️ Bitcoin podcaster threatened with legal action by Craig Wright over tweets

    Peter McCormack, host of the popular bitcoin podcastWhat Bitcoin Did, recieved a letter from SCA Ontier LLP, a firm representing Craig Wright and Calvin Ayre, based on alleged defamation and libel via McCormack's tweets requiring among other things the tweets be deleted and a public apology is issued. The text of the required apology is: "I was wrong to allege Craig Wright fraudulently claimed to be Satoshi. I accept he is Satoshi. I am sorry Dr *sic* Wright. I will not repeat this libel." 
    Source: Twitter — Published: 2019-04-12

  • 🥐 France amends insurance code to allow for crypto investments

    France's National Assembly has amended the Insurance Code through the Pact Act to allow Specialized Professional Funds to have exposure to cryptocurrencies. The Monetary and Financial Code was also amended by the Pact Act, allowing SPFs to invest in digital ledger backed assets.
    Source: Les Echos (FA) — Published: 2019-04-12