Traditional banks wary of working with crypto exchanges

Traditional banks wary of working with crypto exchanges

Twitch competes with eBay, the UK monitors exchanges, EOS tops the rating, Coinhive users speak up, McAfee remains bullish, Bitmain can have 51% of network hashrate

  • Claiming itself as an eBay-like platform, Rare Bits raised $6 million from a sequence A funding round directed by Spark Money, Twitch CEO Emmett Shear, and founder Justin Kan.
  • British MPs are concerned over the recent crypto exchanges hacks. Iqbal Gandham, the chairman of CryptoUK, has stated that they request their members to store at least 90% of their virtual funds offline to protect them against hacks. He added that ‘security is improving’.
  • China has released the second edition of its state-endorsed cryptocurrency and blockchain ratings, placing Chinese altcoin EOS top of the list, Ethereum 2nd, and Bitcoin 17th.
  • The Japanese police have been actively investigating website owners using programs such as Coinhive to mine cryptocurrencies without their site visitors’ consent, which is unfair according to Coinhive users.
  • For John McAfee, Bitcoin’s behavior is still bullish, which could make it possible to predict a recovery in its prices. However, in his previous prediction, he talked about a value of 15K by the end of June, which is unlikely to be met.
  • Bitmain has mined over 42% of all Bitcoin blocks recently giving rise to fears that the company could soon have control over the 51% threshold necessary for a network attack.
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