Highlights: Binance reopens, Syscoin and your girlfriend both most likely lying about everything being fine, and the Banano Runner is back for today’s episode of Free Money Maybe.

Binance Back Online After Trading Suspensions

Source: Binance

The Binance exchange has re-opened after unexpectedly halting all trading yesterday. According to a statement on the Binance website, security protocols were triggered by “irregular trades” from “a number of API users.” They have rolled back the irregular trades (not all activity during the irregularities) and will offer affected users zero trading fees between now and July 15th (70% off for everyone else). They also announced plans to develop a Secure Asset Fund for Users (SAFU), marketed as an additional protection or insurance for customers, but with no details as to what that might look like. All in all, we rate Binance’s response “good, not great.”

Syscoin Offers Unsatisfying Reassurance

Source: Twitter | Block Explorer 1 | 2 | 3 | 4 | 5 | 6 | SYS Rich List

Syscoin asked exchanges to temporarily halt trading of its coin yesterday after it “observed odd trading behavior coupled with atypical blockchain activity.” It later issued an update that there was no problem, and it did appear that the fault was on Binance’s end. However, in looking at the block explorer at the time of the Binance API key issue, we’ve noticed some as-yet-unexplained oddities.

As documented in the block explorer links above, several accounts - including six of the top ten addresses on Syscoin’s rich list - moved all of their money, all in the same block. All totaled, this particular block moved more than the entire supply of circulating Syscoin, enabled by chaining the transactions.

The addresses could represent the assets of a single entity, namely the Sys core team, and the chained transactions could be some kind of panic protocol triggered by the Binance issues. This would be an understandable explanation. At any rate, we’re curious to have any explanation at all. Syscoin has said it will be publishing a more detailed post tomorrow.

McAfee’s “Unhackable” Wallet

Source: Bitfi

John McAfee has a new, iPhone-sized crypto wallet on the market. It currently offers support for Bitcoin, Monero, Litecoin, Ethereum, NEO and Ethereum ERC-20 tokens and claims “patent pending technology” makes it literally “unhackable.” I think the Titanic had a similar marketing tactic? Can’t remember how that one turned out. Probably fine.

Neo Announces Previously Announced Announcement

Source: Neo

Neo put out a press release today stating that they have “entered the era of decentralization,” by which they mean they have begun electing new consensus nodes. The issue with the claim is that the new consensus nodes are run by the City of Zion, or the “home of the global Neo open-source community.” In other words, they may not be the truly independent party that “decentralization” would imply. That said, Neo has future plans to elect Dutch telecom company KPN “and other partners” as additional consensus nodes, which would be a stronger step in the right direction.

Neo Updates

Source: Covesting

Neo is working on divisibility and a non-fungible token standard, according to CEO Da Hongfei. He did not announce any official timeline, only that it would be happening “in the future” and that a non-fungibility standard had been approved.

Ethos Wallet Availability Expands

Source: Ethos

The Ethos wallet is now available in the U.S. and Germany. Ethos is a universal wallet offering management of multiple assets with one key. They also have an upcoming cold wallet in the works.

IRS Joins International Task Force to Fight Cybercrime

Source: IRS

The IRS is joining forces with international revenue agencies to form the Joint Chiefs of Global Tax Enforcement, or the J5. The J5 will focus on tax crimes and other illegal revenue activities, presumably in between fighting supervillians and rescuing kittens from trees. The group specifically cites one of their aims as “[reducing] the growing threat to tax administrations posed by cryptocurrencies.”

Iran May Be Limiting Access to Crypto Exchanges

Source: CoinDesk | Twitter

Cryptocurrency exchanges in Iran may be getting censored, according to a report from CoinDesk. It appears their information is coming from several user reports, all of whom claim to be having issues accessing exchanges in the country, even when using VPNs. It is only speculation at this time; however, it wouldn’t be the first time a government in economic crisis had tried to control and restrict cryptocurrency activity (see: Venezuela). As foreign and digital currencies are increasingly adopted, inflation rates increase and the value of the sovereign currency plummets further.

Return of Banano Runner

Source: Twitter

The Banano runner is game is back for a limited time! For “the next 24 hours” as of around 5:00am PST, the runner game will be active. There is no in-browser version this time around; downloads are available for multiple platforms (linked in the tweet above).

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Written content adapted by @thepinkfreudian.