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
|CryptoSlate||May 8, 2019|| 4|
Welcome to CryptoSlate Recap, our daily, free newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.
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.
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.
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.
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.
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.
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.
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.
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.
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