CryptoSlate Recap | Bitcoin nearly touches $6k, where will it go from here? | Ethereum futures could soon be approved, ETH surges 10% over past week | Messaging giant WeChat bans crypto transactions
|CryptoSlate||May 7, 2019|| 3|
Welcome to CryptoSlate Recap, our daily, free newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.
One of the largest social media platforms in the world, Chinese-based WeChat, has banned cryptocurrency trading on its platform. According to the company’s updated payment policy, merchants and users who engage in crypto trading will have their accounts terminated from the platform.
Futures contracts of the second largest cryptocurrency, Ethereum, could soon be approved by the CFTC, a senior official at the regulatory body revealed. The rumors about the contracts triggered a 9.8 percent spike, making ETH one of the best performers of the week.
Among mobile web browsers downloads, Brave has pushed its way into third, narrowly behind Google Chrome by Play Store rankings. Through a combination of innovative features including a native cryptocurrency, built-in privacy, and a streamlined experience, the app has been able to make headway in a well-entrenched industry.
A high severity bug on the TRON network could have allowed an attacker with a single computer to crash the network, as first reported by TNW. The fault stems from a vulnerability related to spamming smart contracts.
After a dramatic week surrounding Bitfinex and Tether, bitcoin shrugged off news-related losses and rose 11 percent. Now it’s fighting strong resistance around the $5,950 level. If it is able to break above resistance, new highs may follow.
EOS is considering dropping its current 5 percent inflation rate all the way down to 1 percent in order to avoid unnecessary funds being accumulated in the network’s savings account. EOS holders are currently participating in an official poll to decide on the matter, with all participants voting in favor of the drop.
The U.S. Department of Treasury is experimenting with Ethereum.
Some interesting ideas and technology are being explored to improve Bitcoin.
Search interest for “cryptocurrency” and “Ethereum” are setting new all-time highs.
Bitfinex has halted withdraws and the only way to get assets off the platform is to pay a hefty premium.
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:
Connect with us
🔥 Interested in sponsoring this newsletter? Contact us.
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.