Hackers Mixing BTC’s Stolen From Binance

According the news reports online a team of blockchain Services Company has been observing the erratic movements of the Bitcoin associated with the $40 million hack from Binance.

The hack was the fourth major exchange hack of the year following hacks from Bithumb, DragonEx and Cryptopia.

It was observed that at 4:11 AM on May 8 the hacker moved 1214 (7.16 million) to new addresses and them moved another 1337 to 2 new addresses that was held by the hackers.

Writer and blockchain Analyst Amy Castor thinks that the hackers are trying to erase their tracks breaking up transactions up into smaller and smaller amounts making them more and more difficult to track.

However given the nature of the BTC blockchain it is easy to see where each Binance bitcoin is going but it is difficult to perform real forensics on the wallets in order to catch the perpetuators.

Facebook Removes Crypto Ad Ban While Intensifying Its Own Blockchain Initiative

It has been revealed that social media giant Facebook will be relaxing its advertising bans on companies promoting products and services relating to crypto.

This development comes at a time when it is ramping up its own efforts to create a Stablecoin to use within some of its applications.

According to Facebook’s Advertising Policies and Community Standards some products and services fall onto a prohibited list and other will fall onto restricted list.

Those that fall under the prohibited list will immediately be rejected such as Initial Coin Offering.

Those that fall under the restricted list will have to go through a review process; included in the list are exchanges.

The review process will take into account licenses the companies have obtained, type of company and other relevant public background on their business.

Indian Crypto Exchange Opens Office In Australia

The popular cryptocurrency exchange that was originally from India is now setting shop in Australia where it will join Coinbase and CoinCorner in supporting the Sub-continent.

ZebPay added AUD support which they have announced on their official twitter account.

According to its CEO Ajeet Khurana at the beginning of 2019 Zebpay was available in 20 international markets and they have added Australia in their crypto family and now has presence in over 132 international crypto-economies worldwide.
ZebPay left India during the September 2018 Indian crypto ban but has turned this existential threat into a great opportunity as it now expanded to over 100 markets.

Khurana said that the clarity of Australia’s regulatory atmosphere made it an appealing country for expansion.

The company has been issued with AUSTRAC license from the country’s financial regulatory agency.

Bitfinex Will Be Conducting Its Own Initial Exchange Offering (IEO)

It has been reported that Bitfinex will be conducting its own Initial Exchange Offering (IEO) with the prime objective of raising around $1 billion for its exchange token.

To initiate its campaign the exchange has recently release the whitepaper of the token dubbed as LEO which the exchanges plans to rais up to $1 Billio worth in tether (USDT).

The private sale will conclude in May 11, 2019 and there are no indications that the exchange will conduct a public sale if it fails to raise $billion during the private phase.

According to its whitepaper if fewer than 1 billion USDT token are sold by private token sale, the issuer may thereafter sell remaining tokens at times and in a manner it deems appropriate in it sole discretion, consistent with applicable law.

It was revealed that qualified persons with a Bitfinex and Ethfinex account may contribute to pre-veted token sales directly from their personal exchange wallet.

Raiffeisen Joins R3 Corda Global Network

According to news reports online the Austrian Raiffeisen Bank International (RBI) will pilot R3’ Marco Polo blockhchain network for trade finance.

Marco Polo blockchain is powered by R3’s Corda enterprise blockchain platform with members that includes BNP Paribas, ING and Sumimoto Mitsui Baking Corporation as members.

The new blockchain leverages a distributed trade finance platform from TradeIX alongside Corda and aims to bring greater cost and time efficiency as well as transparency to commercial banks.

Managing director at the RBI Center of Excellence, Baking and Trade, Daniel Cotti said that the bank is looking to considerably expand its geographic coverage and help to drive Marco Polo as the main trade finance network in Europe.

Marco Polo blockchain conducted its first live trade finance operations in March 2019 in an operation involving two German firms and major local bank.

Headlines for the world of Cryptocurrencies - May 09, 2019

Binance’s CEO Conducts AMA After $40 Million Worth of BTC Hack / Bitstamp Beefed Up Their Staff By Hiring Ex-Coinbase Trading Head / Crypto Payments Company BitPay Hires New CFO / Bitcoin.com And Cred Partnership For Lending And Borrowing Services / Aussie Digital ICO Seeks To Launch Next Generation Of Online Retail Platform

Headlines for the world of Cryptocurrencies - May 08, 2019

Crytpo Analytics Firm States Mildly Bullish For May 2019 / University From Turkey Opens Blockchain Center At Northeastern University In Boston / Binance Lost 7,000 BTC From Hackers / Justin Sun Offers To Cover Binance’s 7,000 BTC Stolen By Hackers / Diminishing Mining Hashrate In The Past 30 Days For Bitmain

Headlines for the world of Cryptocurrencies - May 07, 2019

The Way Summit In Moscow / The Central Bank of Iran Develops Blockchain Platform / Starbucks Working On Blockchain-Enchanced Coffee Tracking Platform / Students In Moscow Piloting Blockchain E-Voting In June / Institutional Bitcoin Trading In Fidelity May Boost BTC Prices As Much As $2,000