CRYPTO NEWS AGREGATOR
Fri, Jun 5, 2020 11:00 AM by Sumit Bera

Crypto Weekly News — June, 5

CoinJoy weekly digest June 5
What important crypto events happened last week?

📌  Taking advantage of the growing wave of the protest movement “Black lives matter,” the unknown released a token dedicated to George Floyd who deceased at the hands of policemen. The George Floyd Token (FLYD) of the ERC-20 standard is designed to be “a safe way to finance empowerment” and will help protesters and activists “get an additional type of support in upholding violated minority rights.” However, the project has all the signs of fraud: pages on the privacy policy, as well as terms and conditions, are not filled on the project’s website. Also, the functionality of sending emails does not work.

📌  The operator of the BitMEX cryptocurrency derivatives exchange, HDR Global Trading, has allocated a grant of $100,000 to the developer of Chaincode Labs and Bitcoin Core Gleb Naumenko, who became the second grant recipient from the BitMEX operator. Prior to that, HDR Global Trading allocated $ 60,000 to Bitcoin developer Michael Ford. The company’s statement said that HDR is ready to support Bitcoin developers who are working to improve the scalability, reliability and privacy of the first cryptocurrency.

📌  The updated version of Bitcoin Core (v0.20.0), among other improvements, contains an Asmap mechanism of protection against the so-called Erebus attack, which in theory can disrupt the operation of the exchange or mining pools. Asmap creates a hedge against malicious attempts to fragment the network by government agencies or large IT infrastructure companies, and does not allow an attacker to take control and carry out a wide range of actions from censorship of individual transactions to 51% attack. In addition to Bitcoin, Dash (DASH), Litecoin (LTC) and Zcash (ZEC) blockchains are subject to an Erebus attack.

📌  Numerai's market predictions platform closed an additional $3 million NMR token sale round. Union Square Ventures, Placeholder, CoinFund, Dragonfly Capital, and startup founder Richard Crabe participated in the token sale. The funds will be used to develop Erasure, a decentralized platform, with which users will be able to directly associate crypto wallets with the Ethereum-based marketplace.

📌  $1.4 trillion lawsuits against Tether and Bitfinex have accused Bittrex and Poloniex exchanges in helping defendants during the 2017 Bitcoin rally. According to a lawsuit filed in October 2019, Tether and Bitfinex are accused of creating USDT tokens for billions of US dollars without real fiat support, which has led to a rise in the price of Bitcoin to a historic high. Now the plaintiffs insist that Bittrex and Poloniex were directly involved in this scheme, creating the illusion of an influx of fresh liquidity to the market through multiple orders to buy BTC.

📌 Bitcoin creator Satoshi Nakamoto could use a Russian proxy server in January 2009. This version is supported by line 212 in the irc.cpp file, which leads to the IP address of the proxy server of the Russian company Anders Telecom, which ceased operations in 2016. Thus, Satoshi could be in one of the Five Eye countries (Australia, New Zealand, Great Britain, Canada and the USA). This would explain the choice of the Russian proxy server — the probability of a backdoor from Western intelligence agencies was objectively lower. At the same time, Satoshi would hardly have used a Russian proxy server if he lived in Russia.

📌 An updated version of Bitcoin Core (v0.20.0) has been released, which contains new features and fixes. High productivity and improved translations are also promised. The latest version has lost the BIP61 and BIP70 circuits. The new Bitcoin Core client has been tested in versions for Linux, macOS 10.12+ and Windows 7+ and is already available for download. An hour after the update was released, more than 100 nodes switched to the new software.

📌 Chats of owners of paid accounts for Zoom video conferencing service will be protected by end-to-end encryption. According to Bloomberg, this is one of the measures that the company will take in the framework of cooperation with the FBI. According to head of Zoom Eric Yuan, they plan to provide the FBI with access to law-violating users. Thanks to encryption, paid accounts will be protected from third-party access to correspondence.

📌 A Canaan-based SMIC chip maker has applied for an initial public offering (IPO). The company intends to raise up to 20 billion yuan ($2.8 billion). Shares of Semiconductor Manufacturing International Corporation (SMIC) should be listed in the section of high-tech companies on the Shanghai Stock Exchange — SSE STAR Market. Mining experts expect the IPO SMIC to be crowned with success.

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