Many new upgrades for Ethereum, Binance and Coinbase still expanding, Gemini can freeze all coins anytime, 333 ETH is flagged as fraudulent crypto Ponzi scheme — in this weekend news!
- Alex Lebed analyzed the code of the new GUSD stablecoin. He found out that the custodian, the Gemini fund, can freeze all coins anytime, due to the possibility to upgrade its smart contract every 48 hours.
- Coinbase opened its office in New York. Now they have plans to hire more than 100 new employees and concentrate the efforts of this new office on acquiring institutional clients.
- Scott Morrison, the Prime Minister of Australia, is fond of blockchain technologies. He said that blockchain can be used to transform banking industry, bringing a tougher competition for banks, and improving user experience.
- Binance CEO, Changpeng Zhao, announced on Twitter that they launch a fiat exchange in Singapore. The closed beta testing will begin on 18th September, and its possible to participate only by invitation.
- Crypto space never runs out of Ponzi DAPPs. A very popular Ethereum application, 333 ETH, promises investors 3.33% daily return after deducting a 17% fee from the initial deposit.
- The hashpower of Bitcoin has doubled since May during the bear market, according to Fundstrat. Also, the breakeven price to stay in profit now is $7,300, higher than half a year ago.
- The new Ethereum upgrade, Constantinople, is going to be deployed very soon. It includes 5 improvement proposals, mostly beneficial to developers, and requires hard forking.
- Ripple expands to Saudi Arabia. The new partner of Ripple is the National Commercial Bank, one of the largest in the Middle East, with 400 branches and with more than 5,4 million customers.
- Ethereum will get a new virtual machine by 2019-2020. This new version will be called eWASM, and will allow to write code not only in Solidity, but also using other programming languages. This update will be launched on Testnet this autumn, and released on mainnet along with sharding and many other crucial updates.