EXCHANGES

Facebook Loosens Ban on Crypto Advertisers, Including Itself

[ad_1] Earlier today, Facebook announced a change to its ban on cryptocurrency and blockchain advertising, effective immediately. The updated policy “no longer require[s] pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency.” If you’re looking to advertise your hot, new crypto, though, you’re out of luck. The ‘book still requires an application and approval process for advertisers promoting cryptocurrency. And it continues to place
Business

Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

[ad_1] American blockchain startup Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. The news was published by energy-focused news outlet Worldoil on May 8.In a Series A equity funding round, Data Gumbo ostensibly raised $6 million from companies such as Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor
BLOCKCHAIN

SEC and CFTC Aim for Literacy in Digital Assets, Blockchain Analysis

[ad_1] The chairmen of two United States financial regulators, the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) testified before Congress today, May 8.The hearings before the Senate Committee on Appropriations served to inform the Senate on the agencies’ budgetary needs while outlining various objectives and initiatives.In their respective testimonies, SEC Chairman Jay Clayton and CFTC Chairman J. Christopher Giancarlo noted the importance of the agencies
Business

Belarussian Exchange to Offer Tokenized Government Bonds

[ad_1] 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 the first organization to tokenize government bonds.As is the
Business

Major Crypto Traders Meet to Establish Industry Blacklist, Standards

[ad_1] 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 Holdings, and tech startup Ripple proposed to create a
EXCHANGES

‘Shocked He Went There:’ Crypto Takes Sides On Binance’s Alleged Bitcoin Reorg Plan

[ad_1] Cryptocurrency’s best-known figures continue to debate exchange Binance’s handling of its $40 million hack amid claims executives planned to undo past Bitcoin transactions.  Binance CEO Rejects Reorg In a lengthy debate still playing out on social media, Binance received mixed reviews after CEO Changpang Zhao appeared to suggest there was a plan to conduct a reorganization (‘reorg’) of the Bitcoin blockchain. The step would theoretically allow the transactions involving
BLOCKCHAIN

An Ethereum 2.0 Proof-of-Stake Testnet Blockchain Is Now Live

[ad_1] An Ethereum (ETH) 2.0 Proof-of-Stake (PoS) testnet beacon blockchain is now live. Preston Van Loon, co-founder of sharding development firm Prysmatic Labs, announced the development in a Medium post on May 7.Ethereum 2.0 is an upcoming new Ethereum chain featuring improvements in security, scalability, and decentralization. Ethereum 2.0 would not be introduced to the current Ethereum network by means of a hard fork. Instead, users will be able to
BLOCKCHAIN

Malta’s Registry of Companies Set to Run on Blockchain-Based System

[ad_1] Malta’s Registry of Companies is going to be run on a blockchain-powered system, local news outlet the Malta Independent reported on May 8.The Registry of Companies is a public registry holding official information and documentation pertaining to new and existing companies. The agency demerged from the Malta Financial Services Authority’s (MFSA) and established itself as a separate entity at the end of last year. According to the Malta Independent,
EXCHANGES

WeChat Plans to Stop Merchants From Transacting in Cryptocurrencies

[ad_1] WeChat, the #1 messaging app in China, is also widely used for cryptocurrency transactions. Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions. The revised agreement will be put into effect on May 31, 2019. According to the first, second and third terms of the agreement, direct or disguised engagement in internet gambling, pornographic platforms,
EXCHANGES

Markets Update: Crypto Prices Show Strong Recovery After Binance Loss

[ad_1] Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well. Also read: $500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction Cryptos Recover After Dropping a Few Percentages Following the Binance