Recap | Bitcoin unfazed as it breaks through $6k | Congressman calls for a bill to outlaw crypto in the US | FinCEN issues new crypto guidelines | French Investment bank’s Ethereum experiment

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


French Investment bank’s Ethereum based experiment brings crypto to a $2 trillion market

French Investment bank’s Ethereum based experiment brings crypto to a $2 trillion market

French lending giant Societe Generale has become the latest traditional financial company to experiment with digital tokens. The bank’s Ethereum-based tokenized bonds have the potential to bring cryptocurrencies to a market worth over $2 trillion.

2 min read →


Security update from Binance CEO, following $40 million exchange hack

Security update from Binance CEO, following $40 million exchange hack

Changpeng Zhao (“CZ”), the CEO of Binance, the world’s largest crypto exchange in terms of adjusted trading volume, has published a blog post in which he apologized for previously suggesting a chain reorg of the Bitcoin (BTC) blockchain.

3 min read →


Craig Wright’s evidence he’s Satoshi in unredacted court documents is a “lazy copy-paste job”

Craig Wright’s evidence he’s Satoshi in unredacted court documents is a “lazy copy-paste job”

A filing showing the list of addresses that were supposed to prove that controversial figure Craig Wright was, in fact, Satoshi Nakamoto, has been unsealed. Deeper inspection of the list, however, showed that the blocks Wright claims to have mined are merely a “lazy copy-paste from the blockchain,” researchers from Wizsec Security found.

2 min read →


Bitcoin unfazed by FUD as it breaks through $6000

Bitcoin unfazed by FUD as it breaks through $6000

When bitcoin broke above $4,200 it marked a pivot point in the crypto markets. Since then, bitcoin has surged more than 40 percent and is now attempting to break through a major resistance zone between $6,300 and $6,450.

5 min read →


Congressman calls for a bill to outlaw cryptocurrency in the US

Congressman calls for a bill to outlaw cryptocurrency in the US

Brad Sherman, a California Democrat, called for members of Congress to join him in introducing a bill to outlaw cryptocurrency purchases by Americans. The world-wide use of the U.S. dollar strengthens the U.S. economy and allows us to sanction rogue nations.

3 min read →


FinCEN issues guidance on privacy coins, LocalBitcoins sellers, prediction markets, and other crypto businesses

FinCEN issues guidance on privacy coins, LocalBitcoins sellers, prediction markets, and other crypto businesses

US regulatory agency FinCEN released new guidance on whether certain crypto businesses are regulated as money services businesses. Those who qualify fall under the scope of the agency and must comply with (sometimes costly) regulations that clash with user privacy.

3 min read →


More than 7,000 Bitcoin stolen from Binance moved to seven BTC addresses

More than 7,000 Bitcoin stolen from Binance moved to seven BTC addresses

The attackers that stole over $41 million in Bitcoin from Binance have been erratically moving the funds from one address to another. However, as of May 9th, all of the funds have been consolidated into just seven addresses, each one holding around 1,000 bitcoins.

2 min read →


ICYMI

🤯 OneCoin sued by former investor over multi-billion dollar fraud

🌲 Taproot, the new update that will revolutionize the Bitcoin blockchain

🤦🏻‍♂️ Bitfinex users unable to withdraw funds, $430 million drained from exchange cold wallets

🔥 EOS votes to burn $167 million in tokens in preparation for drastically reducing inflation


What else?

Vitalik Buterin talks privacy schemes with Emin Gün Sirer.


Bitcoin is back to November 2018 prices, having now recorded a 70 percent YTD gain.


Willy Woo shows the “heartbeat” metric of Bitcoin (investment activity) is carving its bottom.


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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.