Binance CEO Publishes Security Incident Update, Apologizes for Blockchain Re-Org Comment

Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has updated reporters on the exchange’s security revamp and investigation into this week’s $40 million hack in a security incident update shared with Cointelegraph on May 10. The CEO also apologized for having fuelled community concerns by openly discussing the possibility of incentivizing a blockchain re-organization — or transaction…

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FinCEN Clarifies Money Transmission Regulations Pertaining to DApps

The United States Financial Crimes Enforcement Network (FinCEN) has issued new guidance that contains its financial regulation policies concerning Decentralized Applications (DApps) on May 9. In the introduction to the guide, FinCEN notes the guide serves to clarify and provide examples to make compliance easier for entities whose activities fall under the purview of the Bank Secrecy Act (BSA).…

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Belarussian Exchange to Offer Tokenized Government Bonds

The global exchange website Currency.com has announced that it will be offering a tokenized form of Belarussian government bonds, according to a press release on May 7. According to the press release, users can now use fiat money or cryptocurrencies bitcoin (BTC) and ether (ETH) to invest in and trade Belarussian government bonds. Belarussian-based company Currency Com Bel LLC is reportedly…

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Major Crypto Traders Meet to Establish Industry Blacklist, Standards

A group major cryptocurrency traders is considering the idea of creating a blacklist of counterparties engaged in nefarious activities in the crypto space, Bloomberg reported on May 8. At a meeting in Chicago on Tuesday, a group of traders from 35 digital assets firms including such industry players as trading firm DRW Holdings Inc.’s Cumberland crypto unit, Mike Novogratz’s Galaxy Digital…

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Litecoin Foundation Partners With Blockchain Travel Project Travala To Increase Crypto Adoption

Blockchain-based hotel booking platform Travala.com has announced its partnership with Litecoin Foundation to accelerate the use of cryptocurrency payments. Through this partnership, customers will be able to save up to 40% on hotel bookings through Travala.com and Litecoin’s LoafWallet. Travala.com founder and CEO Matthew Luczynski said: “The consumer is in the driver seat when it comes to achieving mass-market cryptocurrency…

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Russian Exchange Aggregator to Resume Operations After Recent Block by Gov’t

Popular Russian crypto exchange aggregator BestChange will soon resume operations after being blocked by the government, crypto news outlet Forklog reports May 7. The firm’s head of public relations and marketing Nikita Zuborev told Forklog that the block is expected to be lifted in the coming days following a court hearing. Russian telecommunications watchdog Roskomnadzor (RKN) blocked the BestChange website on March 12, following an order from a district court in…

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Zebpay Crypto Exchange Extends Trading Services to Australia

Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia, according to a press release shared with Cointelegraph on May 7. Zebpay has expanded its trading services to Australia by opening a new office in the fintech hub of Melbourne. The exchange’s Australian customers are now able to trade across five fiat to crypto trading pairs including bitcoin…

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Abra Wallet Partners with Plaid App to Introduce Cryptocurrency Withdrawals Across the USA

A week of success in Abra! The non-custodial wallet introduces real digital asset withdrawals and partners with Plaid, a fintech firm allowing bank withdrawals of cryptocurrencies. Abra Multi-Currency Wallet Now Supports Numerous United States Banks In a bid to keep rendering the best services to its clients, mobile bitcoin wallet and Investment app, Abra, has now…

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Warren Buffett Takes a Moment to Insult Bitcoin at His Berkshire Hathaway’s Annual Meeting

There is not any doubt in the cryptocurrency industry, regarding the way that Warren Buffett feels about Bitcoin, or “rat poison squared,” as he calls it. After the recent annual meeting of Berkshire Hathaway, Buffett practically doubled down on his statements, saying that the cryptocurrency is “a gambling device,” bringing attention to the many scams in…

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