CryptoSlate Recap | Binance faces criticism for considering rollback of the Bitcoin blockchain | Facebook reverses ban on cryptocurrency ads | Exploring Bitfinex’s emergency plan: a $1 billion IEO

Welcome to CryptoSlate Recap, our daily, free newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.


Facebook reverses ban on cryptocurrency ads

Facebook reverses ban on cryptocurrency ads

Facebook updated its advertising policy to once again allow cryptocurrency-related ads. Facebook announced in a blog post today that it will once again allow advertising related to cryptocurrency and blockchain. Previously, only a limited number of pre-approved advertisers were permitted to run crypto-related ads.

2 min read →


Binance faces criticism for considering rollback of the Bitcoin blockchain

Binance faces criticism for considering rollback of the Bitcoin blockchain

The world’s largest cryptocurrency exchange, Binance, has suffered a hack on May 7th where it lost over $40 million in Bitcoin. The exchange’s CEO, Changpeng Zhao, considered pursuing a rollback of the Bitcoin blockchain, which sparked mass outrage on social media and was followed by a drop in Binance’s BNB coin.

2 min read →


Exploring Bitfinex’s emergency plan: a $1 billion initial exchange offering

Exploring Bitfinex’s emergency plan: a $1 billion initial exchange offering

Zhao Dong, one of China’s biggest OTC traders, recently published a marketing document detailing iFinex Inc. plans to conduct an initial exchange offering (IEO), aiming to raise $1 billion.

5 min read →


Casper proof-of-stake Ethereum live on the Prysm testnet

Casper proof-of-stake Ethereum live on the Prysm testnet

The next version of Ethereum, which uses Casper proof-of-stake, is live on the Prysm testnet. The public release marks another major step towards Ethereum 2.0, which its developers say will bring greater security, scalability, and decentralization to the network.

2 min read →


Cardano gains marketing momentum following internal restructuring

Cardano gains marketing momentum following internal restructuring

Cardano has operated with a relatively small marketing profile, especially in contrast to projects like TRON. Although some of the reasons may be ideological, part of it may have to do with internal conflicts within the arm of Cardano responsible for marketing. Now, after much-needed restructuring, it appears Cardano is gaining marketing momentum.

2 min read →


World’s Biggest Crypto Exchange Binance Reports 7,000 Bitcoin Hack

World’s Biggest Crypto Exchange Binance Reports 7,000 Bitcoin Hack

Binance, the world’s largest crypto asset exchange in daily volume, has experienced a security breach involving some 7,000 bitcoin valued at around $40 million.

2 min read →


Microsoft’s Azure releases new development kit for Ethereum blockchain

Microsoft’s Azure releases new development kit for Ethereum blockchain

Microsoft has announced the release of a new Azure Blockchain Development Kit for Ethereum. The new set of tools will enable clients, mostly developers, to built Ethereum-based apps on the Azure cloud computing platform, the company said in a blog post on May 6th.

2 min read →


ICYMI

🇨🇳 Chinese messaging giant WeChat bans crypto transactions

📈 Ethereum futures could soon be approved, ETH surges 10% over past week

🛡 Brave browser gaining impressive traction on Android, on par with Chrome

🐞 Bug on TRON could have allowed a single computer to crash the network

🤩 Bitcoin nearly touches $6k, where will it go from here?

🎈 EOS likely to drop inflation rate from 5% to 1%


What else?

Blockstream’s Liquid Network has added 14 new members.


What are the top crypto assets by value locked in staking?


Crypto traders are exploring creating a blacklist of counter-parties to keep scammers and checkers from liquidating stolen funds.


One of crypto’s most respected personalities, Andreas Antonopoulos, says that a re-org of the Bitcoin blockchain is similar to a bailout for a bank who has mismanaged risk.


Featured blockchain companies

Thanks to the following companies for their support:

🚀 OpenCrowd - a design and technology firm creating custom blockchain business solutions for global clients and early startups

⚡️ Blockstation - a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges.

Want to be featured here? Contact us to learn more.


Crypto market data

For more pertinent market data, please see:

🌚 Cryptocurrency Rankings

📈 Biggest Gainers - 24h

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💰 Highest Volume - 24h

🆕 Recently Added Coins


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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.