Fri, May 15, 2020 11:00 AM by Sumit Bera

Crypto Weekly News — May, 15

CoinJoy weekly digest may 15

What important crypto events happened last week?

📌 Pavel Durov has stopped working on the Telegram Open Network blockchain platform. He emphasized that he was unlikely to support alternative networks based on TON. Durov wrote that TON has been developed for two and a half years. It was supposed to surpass Bitcoin and Ethereum in speed and scale while maintaining the principles of decentralization. The integration of TON with Telegram could have revolutionized money transfers and information exchange.

📌 However, TON developers, large PoS validators, and the community have launched the core Free TON network with the native TON Crystal token (TON). Among the launch participants are TON Labs,, Kuna, Everstake, Chorus, Bitscale Capital and others. The corresponding declaration was signed by more than 170 companies and individuals.

📌 On May 14, the price of Bitcoin overcame the psychologically important mark of $9,500. At the time of writing, Bitcoin holds the level of $ 9,600, but during the course of trading it was approaching $10,000.

📌 The developers of processors for ASIC-miners ran into the top bar of equipment optimization. This was reported by Alexei Petrov, CIO of Bitfury. According to him, a further increase in the density of transistors does not give such an increase in productivity, while the cost of production increases significantly.

📌 The People's Bank of China, the China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau submitted their opinions on how to finance the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with an emphasis on global trade and finance.

📌 The $50 million Ethereum coins stolen from the cryptocurrency exchange UpBit again began to move: the hackers sent 802 ETH to the little-known BYEX exchange.

📌 Ethereum co-founder Vitalik Buterin said that he did not confirm the possible transition of the Ethereum ecosystem to stage 2.0 in July. Earlier, Buterin admitted that he had sinned more than once with erroneous forecasts regarding the timing of Ethereum development.

📌 Visa has filed a patent application secured by fiat and created on "centralized computers" digital currency, which can form the basis of a potential new technology used by central banks.

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