Telegram Officially Releases TON Testnet Blockchain Lite Client

Encrypted instant messaging service Telegram has officially released a test client for its Telegram Open Network (TON), according to files posted on test.ton.org. The newly introduced archive of files available for download is a distribution of a preliminary version of the TON Blockchain Network Lite Client along with the relevant portions of the TON Blockchain Library, according to the readme information file. The development is a simplified stable version of the Lite Client. On May 25, a GitHub user seemingly uploaded a version of the client. Per the readme file…

Yahoo-Backed Exchange Enters Japan Market Amid Renewed Interest in Crypto

Japanese cryptocurrency exchange Taotao is expected to go live at noon on May 30, as per the company’s official Twitter page. Notably, the new trading platform is heavily backed by Yahoo Japan, marking the local internet giant’s arrival into the field of crypto. The timing seems to be on point, now that the market has finally shaken off the bear. But how likely is Taotao to dethrone its competitors — both current and those to come — in a complex market such as Japan? What is Taotao, and how exactly…

2019 AP Stylebook Provides Guidelines for Writing Blockchain-Related Terms

Major New York news outlet, the Associated Press (AP) has announced that its latest version of The Associated Press Stylebook and Briefing on Media Law has a new section on cryptocurrencies in an official Twitter post on May 29. According to the new AP style guidelines, which constitute a popular standard for professional publications, writers should capitalize the names of cryptocurrencies when referring to them as a system but should keep the first letter lowercase when referring to token payments. They provided the following two sentences as examples: “The government…

World Economic Forum Forms Tech Policy Councils for Blockchain, AI, IoT

The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29. Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The boards — allegedly composed by over 200 leaders from the public and private sectors, civil society and academia — will also gather regularly to address the absence of clearly defined rules. The announcement notes…

Crypto Lending Platform Cred to Migrate Tokens to Binance Mainnet in New Partnership

Major crypto exchange Binance has partnered with decentralized crypto lending platform Cred to bring its services to the Binance ecosystem, according to a press release published on May 29. As part of the agreement, Cred will migrate some of its ERC-20 LBA tokens to Binance’s mainnet, Binance Chain, and become the official lending and borrowing platform for the decentralized financial ecosystem. Commenting on the partnership, Ted Lin, Chief Growth Officer at Binance, said that Binance chain’s “one-second block time and will ensure transactions and interactions by Cred’s users will be…

Bitcoin Close to Full-Blown FOMO as Price Nears Key 10K Level

By CCN: After a week in which bitcoin flirted with $9,000 for the first time in a year, Fundstrat’s Tom Lee cited data which suggests the point of no return is fast approaching. According to data from Fundstrat, when the value of bitcoin crosses the $10,000 barrier, it’s full-blown FOMO all the way. Labeled as ‘Level 10’ FOMO, this represents the equivalent value at which Bitcoin has soared in the past. Full Blown ‘Level 10’ FOMO Approaching for Bitcoin Global head of the Financial Times, Adam Samson tweeted the following…

Former Goldman Sachs Exec Leaves Blockchain.Com for Ripple

Former Goldman Sachs exec Breanne Madigan has left her position at crypto wallet provider Blockchain.com to join Ripple, crypto media outlet The Block reported on May 28. Madigan, a Wall Street veteran with about 14 years of experience at major global investment bank Goldman Sachs, has reportedly left Blockchain.com after serving there as Head Institutional Sales and Strategy for 14 months, according to her LinkedIn profile. The former Goldman Sachs executive has reportedly joined Ripple to lead the Global Institutional Markets team to attract more institutional investment to crypto space,…

‘Free Bitcoin’ Scam Propagated on YouTube Steals Crypto via Clipboard Hijacking

The Qulab information-stealing and clipboard hijacker trojan is being propagated on YouTube via fraudulent videos about an allegedly free bitcoin (BTC) generator, BleepingComputer reports on May 29. According to the report, security researcher Frost reached out to BleepingComputer about the trojan scam, saying that YouTube would take down the fraudulent videos when reported, but new accounts and videos would subsequently pop up with the same MO. The videos reportedly describe a tool that lets users earn free bitcoin, with a link in the video description. The links then direct to…

Block.one’s EOSIO Labs Release iOS and Chrome Authenticator Apps

Block.one’s EOSIO Labs has released Reference Authenticator Apps for iOS and Chrome. The development was announced in a blog post published on May 29. Per the post, the newly implemented developments address improvements to the security, interoperability and usability of authenticators by contributing working code and examples. Authenticators are software-based tools that implement two-step verification services by generating a secret key for each user. The EOSIO Reference iOS Authenticator App is purportedly designed to enable users to sign in and approve transactions from web applications running in Mobile Safari and…

Galaxy Digital Purportedly Recruits Former Head of OTC at Coinbase

Tim Plakas has left the major United States crypto exchange Coinbase to join the cryptocurrency bank founded by Michael Novogratz, Galaxy Digital, an anonymous source purportedly told The Block on May 28. Plakas’ departure follows four senior executive departures from Coinbase in approximately the last seven months. Plakas reportedly held the position of over-the-counter (OTC) trading head at Coinbase from July 2018 to January 2019, and will be joining the OTC team at Galaxy Digital. Novogratz’s crypto bank is a member of Crypto OTC Roundtable Asia (CORA) Network, a non-profit…