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Another week, another round of Crypto Tidbits. Last week, Bitcoin (BTC) once again jumped, assets exceeding USD 6,000, one of the most important levels of 2019. This came as a host of positive news in the cryptographic market. currency and blockchain.
Over the past seven days it has been revealed that Fidelity Investments is planning to launch trading on BTC "in the coming weeks", Binance has been hacked for $ 40 million worth of cryptocurrency and a lot of information about vehicles. Investment Ethereum and Bitcoin could spark new discoveries. retail interest.
Related reading: Cryptographic Tidbits: Tweets Elon Musk 'Ethereum', Square sees a massive demand for bitcoins, cryptocurrency on Facebook is near
Crypto Tidbits
- Bitfinex confirms the sale of $ 1 billion encryption chips: Last week, rumors circulated about Bitfinex potentially considering a $ 1 billion fundraiser in the form of an initial offer of coins. This week, this news was confirmed by Bitfinex himself, who published a white paper on a cryptographic asset called "LEO". The token will be Bitfinex's way of obtaining financing. It is interesting to note that Bitfinex is close to closing the deal as whales, venture capitalists and other industry insiders have apparently jumped at the opportunity to buy the chip.
- A US Congressman calls for a widespread ban on bitcoins and cryptocurrencies: At Thursday's hearing before the Financial Services Committee, US Congressman Bradley Sherman, who represents the Democrats in California – the home of technological innovation of all places – suddenly referred to the crypto -monnaies. During his uplifting statement, recorded by Coin Center, a non-profit organization in the sector, Sherman pointed out that Congress should ban crypto-currencies for US citizens. He claimed that Bitcoin was undermining "foreign policy, enforcing rules on tax collection and the enforcement of traditional law."
- Binance hacked for 7,074 BTC, the community flies for a frenzy: What some thought was impossible happened. In a breathtaking blog post, Binance, a world-renowned cryptographic asset exchange, revealed that he had suffered a "large-scale security breach" on Tuesday. The post, written by general manager Changpeng "CZ" Zhao, said 7,000 Bitcoins (BTC), worth $ 40 million, had been siphoned off Binance's hot wallet. According to the message signed by the CZ, the "hackers" managed to obtain the above-mentioned cryptocurrency by obtaining an array of key information, including API keys, used by trading robots and third-party portfolio managers; and two-factor authentication codes, which, paradoxically, aim to improve the security of the account. It is important to note that Binance asserted that "no user fund will be affected", thus revealing its intention to pay back the lost 7,000 BTCs, which were stolen from the hot wallet of the stock market , with its fund called "SAFU". Deposits and withdrawals are currently on hold.
- The Facebook Blockchain team is recruiting Spree at the launch of digital assets: In a Bloomberg report, a source close to the record reveals that Facebook's blockchain branch is looking for talent quickly. This does not seem to be unfounded hearsay. As reported in The Next Web's "Hard Fork" column just a few months ago, the Facebook Career Portal featured 22 blockchain-related roles, including product managers, a financial analyst, and an investigator. on Threats and a Director of Technical Accounts and Reports of the Committee on Trade Security. . According to Bloomberg, this rookie has pushed the number of Facebook employees in this unit to more than 50, of which 20% would have already worked at PayPal, which means that digital payments are a priority. This news comes as the company apparently prepares to launch "Project Libra", a cryptocurrency payment ecosystem designed to reduce costs. As a result of this news, Facebook discovered that Facebook had begun to lift its ban on advertising content related to crypto and blockchain.
- Billionaires Warren Buffett and Charlie Munger Bash Crypto: Berkshire Hathaway's two chiefs, Warren Buffett and Charlie Munger, criticized Bitcoin and cryptocurrency last weekend. Buffett doubled on the fact that the main digital asset did not have a lot of use cases, while his criminal accomplice compared BTC investors to those who celebrate heretical values.
- Bitcoin and Ethereum Starter Files ETF Proposal with SEC: In a US Securities and Exchange Commission (SEC). The filing released May 9, Crescent Crypto Index Services, a startup of investment in the sector, revealed its intention to launch an exchange traded fund (ETF) for a cryptocurrency index. The vehicle, dubbed USCF Crescent Crypto Index Fund, will consist of Bitcoin and Ethereum, whose exact composition will depend on the market capitalization of the two assets. In a press release, Crescent's Christopher Matta said his company wanted to "make cryptocurrencies accessible to traditional investors". The news comes several months after Bitwise Asset Management and VanEck / SolidX (re) released their Bitcoin-centric applications, which are still being blocked.
- The CFTC suggests that future Ethereum could be coming in: According to an exclusive report from CoinDesk, which quotes a "senior official" who knows the US Commodity Futures Trading Commission (CFTC), the financial regulator is quite amicable towards of Ethereum. He / she explained that "we can be comfortable with an Ether derivative within our jurisdiction", thus confirming the hearsay that the CFTC's cousin, the Securities and Exchange Commission ( SEC), considers ETH as a non-title. This means that if a stock exchange such as GCE or CFTC asks for Ethereum futures, the agency is likely to approve such a proposal.
- Fidelity will launch the Bitcoin trading "within a few weeks": New reports, including one from Bloomberg released on Monday, reveal that the option to make Bitcoin purchases and sales will soon be available on Fidelity Investments' internal cryptocurrency platform. People familiar with the subject stated at the point of sale that "within a few weeks, the institutional clientele will have access to the above-mentioned solution. It is unclear whether Fidelity will offer its customers spot market transactions or a darkpool / over-the-counter (OTC) solution. Yet, as one company representative explained, the service will be "bitcoin oriented".
Featured image of Shutterstock
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