 |
COURT ORDER: A New York Supreme Court judge modified a preliminary injunction secured by the New York Attorney General’s office Thursday, ordering Tether to stop transferring any funds to Bitfinex, among other details. However, both Tether and Bitfinex are now allowed to use their funds for their normal operational purposes, which could mean Tether can invest its reserves in different vehicles, as it has hinted in the past. Separately, Bitfinex announced Thursday that it would list its new LEO token on its exchange Monday, as part of an effort to make up its $850 million shortfall. Full Stories
PONZI SCHEME? The OneCoin crypto investment project, which has been accused by nearly 20 countries of being a ponzi scheme, told the Samoa Observer that it is neither that, nor a pyramid scheme. In a statement, OneCoin pointed to the dictionary definitions of each, noting that its “Independent Marketing Agents” are not contractually obligated to recruit other members. Full Story
ETH WHALES: A third of all ether, ethereum’s native cryptocurrency, is owned by just 376 whales as of May 1. A new study from blockchain analysis startup Chainalysis indicates that, while these 376 individuals control 33 percent of the circulating supply in 2019, that number is actually down from levels seen in 2016 and 2017. The research also found these whales have “no meaningful” impact on the ETH price, but they do increase intraday volatility in the cryptocurrency market when they make large sell-offs. Full Story
LATAM EXCHANGE: Ripio, a startup that's been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets. The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican users, Ripio CEO Sebastian Serrano told CoinDesk at Consensus 2019. The company already offers a crypto wallet and peer-to-peer lending services. It's also launching over-the-counter (OTC) trading for institutional investors alongside the exchange. Full Story |
|
|
|
|
 |
| SNAKES AND LADDERS: Bitcoin's bounce from the sharp drop to below $6,200 seen early today could be short-lived, as the daily chart is signaling a near-term bearish reversal. Any fall back below $7,000, however, may be preceded by a retest of the former support-turned-resistance of $7,619. A rejection there would further strengthen the bearish view. Full Story |
|
|
|
|
|  |
BEST OF THE BEST
SCIENCE CHAIN: A new blockchain network called Bloxberg aims to make it possible to secure scientific information online while removing any risk of manipulation, according to Phys.org. Kicked off earlier this year by the Max Planck Digital Library and 11 other research facilities across 10 countries, Bloxberg is secured by validation nodes that can only be operated by scientific centres. "We ourselves were very surprised to learn that there has as yet been no global approach such as Bloxberg to meet these needs within the scientific community," says Friederike Kleinfercher of Digital Labs.
THE REST
DO GOOD: IBM has set out five principles as a guide for how enterprises can build “trusted and transparent” blockchains that act for the general good. In a blog post, the company said, “Good technology is a product of more than just sheer ingenuity; it is a reflection of the will to do the right thing.” Among its 5 key tenets, IBM said “Open is better,” “Permissioned doesn’t mean private” and “Governance is a team sport.”
CRIME & PUNISHMENT: A member of a group of SIM-swapping criminal gang called “The Community” could be handed a sentence of more than 100 years in prison, The Next Web reports. Having allegedly been involved in stealing $2 million in cryptocurrencies, the Irish, 20-year-old man faces extradition to the U.S. Court documents from Michigan also list five other members of The Community who face similar charges.
|
 |
WHO WON #CRYPTOTWITTER  |
|
| | | | | | |
