The Best in Crypto – 6/6/18

World’s Largest Crypto Exchange Binance Invests in Blockchain-Based Esports Platform

Binance is investing a blockchain-based esports voting platform, chiliZ, to provide the sports industry with a “fan-driven token ecosystem for traditional sports teams” (Cointelegraph).

US: Gov’t Telecoms Agency Seeks Feedback on Blockchain for Its International Agenda

The National Telecommunications and Information Administration wants stakeholders’ input in “shaping its international agenda,” as focus on technology is expected to increase in the coming years (Cointelegraph).

The cryptocurrency exchange plans to allocate 30 million of its Huobi Tokens to fund the creation of the company’s own open-sourced blockchain protocol (Coindesk).

The South Africa Reserve Bank completed a 14-week proof-of-concept that managed to stay anonymous as it settled the country’s typical 70,000 daily payment transactions within two hours (Coindesk).

A series about the cryptocurrency economy and how people are profiting in it (Forbes).

Over the last two years, the large Pennsylvania player, Susquehanna International Group, has built up a “trading desk of around a dozen people that buys and sells millions of dollars worth of Bitcoin and other virtual or cryptocurrencies in private deals” (New York Times).

A letter was sent to San Franciscan Daniel Levinson that threatened to reveal secrets to his wife unless Levinson paid $8,150 in Bitcoin (in addition to a two-page guide for purchasing the digital currency and sending it to the scammer’s account). Levinson and his wife Nora have been happily married for almost 25 years, and knew there was nothing to hide (ABC News 7).

Cryptocurrency isn’t controlled and is vulnerable to hacks. It could also revolutionize the way we spend money.

A brief description of the good and bad sides to crypto, in addition to links that could create a better understanding of the situation. Vox has an episode on this topic on Netflix now (Vox).

Japan to Finally Reject a Cryptocurrency Exchange

16 cryptocurrency exchanges later, and the Japanese financial regulator is finally set to deny an exchange application due to the ministry’s conclusion that “Yokohama-based FSHO lacks the necessary systems to operate its business… By barring an exchange operator that it has found to be substandard, the agency aims to demonstrate its determination to re-establish a sound currency trading environment in Japan” (Bitcoin.com).

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