Binance Loses 7000 BTC in Hack; WeChat Bans Crypto Trading; Milestone for Ethereum 2.0 as Testnet Launched

https://www.cryptoglobe.com/latest/2019/05/binance-loses-7000-btc-in-hack-wechat-bans-crypto-trading-milestone-for-ethereum-2-0-as-testnet-launched/

The crypto industry has grown accustomed to seeing Binance dominate headlines, and today was no different. What was, however, was the contents of the news itself. This and more in today's daily crypto recap.

Bitcoin Developer and SegWit Inventor Proposes New ‘Taproot’ SoftFork

https://bitcoinist.com/bitcoin-developer-and-segwit-inventor-proposes-new-taproot-softfork/

Binance CEO Apologizes for Using the Word ‘Reorg’, Gives Post-Hack Status Update

https://www.cryptoglobe.com/latest/2019/05/binance-ceo-apologizes-for-using-the-word-reorg-gives-post-hack-status-update/

On Friday (May 10), Binance Co-Founder and CEO, Changpeng Zhao (aka "CZ"), talked about some important changes for improving security that are currently being made at the crypto exchange following the major security breach on Tuesday (May 7) that resulted in a loss of over 7,000 BTC from its Bitcoin hot wallet.

Bitcoin's Price Breaks Key Resistance as Crypto Market Cap Surpasses $200 Billion

https://www.cryptoglobe.com/latest/2019/05/bitcoin-s-price-breaks-critical-resistance-as-crypto-market-cap-surpasses-200-billion/

Bitcoin, the flagship cryptocurrency, has recently seen its price break through a critical resistance level, which saw some declare the end of the bear market. Given the cryptocurrency’s performance, the crypto ecosystem’s market cap surpassed $200 billion.

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**Harmony will have IEO on Binance Launchpad**

Further details of the sale & metrics will be released on May 15th, with an improved & more condensed lottery schedule.

Stock Exchange Powerhouse Issues New Bitcoin (BTC) Filings As Bakkt Targets July for Crypto Trading Test Phase

https://dailyhodl.com/2019/05/13/stock-exchange-powerhouse-issues-new-bitcoin-btc-filings-as-bakkt-targets-july-for-crypto-trading-test-phase/

Bitcoin Will Use Cosmos to ‘Absorb Everything’, Says Tendermint’s Zaki Manian

https://www.cryptoglobe.com/latest/2019/05/bitcoin-will-use-cosmos-to-absorb-everything-says-tendermints-zaki-manian/

Tendermint isn’t a name most cryptocurrency users know, but it’s a company that was partly behind the creation of the Binance Chain, the native blockchain of Binance’s BNB token and is the company behind Cosmos - "the internet of blockchains."

Cryptocurrency Markets Rally After News of Record Bitcoin Futures Volume, Microsoft Project

https://www.cryptoglobe.com/latest/2019/05/cryptocurrency-markets-rally-after-news-of-record-bitcoin-futures-volume-microsoft-project/

The spate of auspicious news has continued over the past 24 hours in the crypto space. Flexa partners with Gemini on app launch, CME Group celebrates record bitcoin futures volumes, and Microsoft shares preview of Bitcoin-based decentralized identifier network.

Bakkt will launch physically settled Bitcoin futures contracts in July

https://medium.com/bakkt-blog/bitcoin-futures-custody-bakkts-differentiated-approach-59b88d6984b5

Crypto-Market Update:

- Market Cap nears $250 Billion
- $BTC gained almost 50% since the beginning of the month
- $XRP gained more than 30% on Tuesday
- $BNB breaks $25

https://coingape.com/cmu-alts-xrp-eth-xlm-xtz-join-bitcoin-btc-in-bull-case/

⁠Huobi announced the launch of its new institutional OTC trading desk regulated by the Gibraltar Financial Services Commission

https://ct.com/7ixt

$1.2 Million Giveaway Announced By Binance CEO, As 'Thank You' for 'Standing By Us'

https://www.cryptoglobe.com/latest/2019/05/1-2-million-giveaway-announced-by-binance-ceo-as-thank-you-for-standing-by-us/

Changpeng Zhao (“CZ”), the CEO of Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has announced via Twitter that $1.2 million in Binance Coin (BNB) will be given away “as a thank you for standing by us.”

Ethereal Summit NY Showed How Blockchain is Booming in 2019

https://link.medium.com/b9bSVVLYKW

Tether Ltd. Restricted from Using Its Reserves By NYAG

https://www.cryptoglobe.com/latest/2019/05/tether-ltd-restricted-from-using-its-reserves-by-nyag/

New York Supreme Court Judge Joel M. Cohen has ordered digital asset exchange Bitfinex and Tether Ltd. to submit documentation regarding the issuance of a loan and a line of credit.

Andrew G Haldane, the chief economist of the Bank of England, said bitcoin is on its way to replace cash, according to an eyewitness’s account. The 51-year academic made the statement when he was interacting with an audience of students. One of them asked Haldane about his thoughts on the future of cryptocurrencies. Haldane replied that he believed bitcoin, in particular, would become as relevant as cash in the next 20-30 years.


https://www.newsbtc.com/2019/05/18/bank-of-englands-chief-economist-thinks-bitcoin-could-replace-cash/

Bitcoin Surged 10x After 2016 Halving; Will 2020 See a Similar Result?

https://www.ccn.com/bitcoin-surged-10x-2016-halving-2020-similar-result

Liquidators Take Charge of Cryptopia: Here Are Cryptopia’s Big Mistakes

https://www.cryptoglobe.com/latest/2019/05/liquidators-take-charge-of-cryptopia-here-are-cryptopias-big-mistakes/

Although cryptocurrencies themselves are incredibly secure, the exchanges that facilitate their movement have been far more problematic.

Vitalik Buterin, ethereum’s inventor, says they have figured out all research breakthroughs needed for ethereum 2.0, with now just implementation left.

“We’ve actually already had all the research breakthroughs we need for a full implementation of eth2. This has been the case for about a year now,” he said.

The bold claim was made while there are now about three testnets for phase zero of ethereum 2.0, with a cross client testnet being the next stage which may begin this summer.

https://www.trustnodes.com/2019/05/22/vitalik-buterin-says-theyve-figured-out-all-research-breakthroughs-needed-for-ethereum-2-0

⁠‘Trust but verify’: All exchanges are required to provide mandatory API data to CoinMarketCap by June 2019 — or get delisted from the service. Will this new scheme cleanse the market from untrustworthy data?

https://ct.com/7jkb