1. Coinbase opens up EOS trading to all U.S. customers, except those in New York
EOS trading on the San Francisco-based crypto exchange Coinbase is no longer limited to Coinbase Pro users. But New Yorkers will still have to wait.
[Source: DecryptMedia] ✩✩✩✩✩
2. Ethereum Classic Devs Delay ‘Atlantis’ Hard Fork
Working through a set of 10 proposals to be implemented in the Ethereum Classic protocol, the network’s developer team did not reach consensus, effectively delaying the hard fork upgrade dubbed Atlantis.
[Source: EthNews] ✩✩✩✩✩
3. Huobi Global Clamps Down on Crypto Wash Trading After Bitwise Report
Huobi Global said it does not engage in any wash trading, and has taken steps to discourage such activity in the wake of a report implying the crypto exchange reported fake trading volume. Livio Weng, CEO of Huobi Global, told CoinDesk through a spokesperson that the exchange “is not involved in any wash trading,” and any such actions would go against the exchange’s “core values.”
A report by Bitwise Asset Management which implied that Huobi reported inflated trading volume “surprised” its team, he said, and the exchange “subsequently did a thorough check and review of our system.” Huobi did not find any evidence of systematic abuse, he said
[Source: Coindesk] ✩✩✩✩✩
4. Central Bank [of Rwanda] Warns Public on Pyramid Schemes, Crypto-currency Scam
The Central Bank has cautioned the public on the emergence and operation of investment scam activities in the country.
The bank said that operators often masquerade as locally registered businesses or registered abroad and are accessible via online platforms.
In a communique signed by the bank’s Governor, John Rwangombwa, the regulator warned that the scams take forms of pyramid schemes, multi-level marketing and crypto-currency issuance.
[Source: TheNewTimes] ✩✩✩✩
5. TRON Foundation Announces BitTorrent File System (BTFS) Protocol, TRX Up Over 3%
On Thursday (May 30), TRON Foundation (“TRON”) announced that BitTorrent Inc. (“BitTorrent”), a San Francisco-based company that is a leader in peer-to-peer file sharing, will be incorporating the BitTorrent File System (BTFS) protocol to “allow users to receive and host storage on their computers with other individuals and businesses.”
[Source: CryptoGlobe] ✩✩✩✩
6. USAA partners with State Farm for Auto Blockchain Insurance Solution
Six months ago State Farm revealed it was testing a blockchain solution for auto insurance claims subrogation. That’s the process where the at-fault customer’s insurer pays the other insurer. Yesterday at the 2019 Dig-In Conference, the partner in the project was revealed as USAA which achieved the top satisfaction rating in the 2018 J.D.Power survey for auto claims. Both insurers are members of the RiskStream Collaboration (formerly RiskBlock), but this is not a RiskStream solution.
[Source: LedgerInsights] ✩✩✩
7. Japanese Financial Services Agency Approaches Crypto ETFs With Caution, Cites Volatility
The Japanese Financial Services Agency (FSA) showed a cautious approach towards cryptocurrency-based exchange-traded funds (ETFs) in comments at the finance committee of the upper house of the National Diet on May 30. Cointelegraph Japan reported on the comments earlier today.
[Source: Cointelegraph] ✩✩✩✩
8. Russia’s Largest Bank Scraps Crypto Plans Even with Pro-Bitcoin CEO
Sberbank, the largest bank in Russia, is scrapping its crypto plans, citing the anti-bitcoin sentiments of government regulators. Ironically, the CEO of Sberbank, Herman Gref, is a bitcoin proponent.
[Source: CCN] ✩✩✩
9. Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge
Co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan suggested that fake news circulating in China may be responsible for yesterday’s bitcoin sv (BSV) price surge. Wan posted about the fake news in a tweet on May 29.
According to Wan, a screenshot circulating on Chinese social media showed a fake article about self-proclaimed bitcoin creator Craig Wright having transferred 50,000 bitcoin (BTC) from the biggest bitcoin wallet in existence to cryptocurrency exchange Binance. According to the report, the transfer would be proof that Wright is Satoshi Nakamoto and created bitcoin.
[Source: Cointelegraph] ✩✩✩✩
10. Another Copyright Filed for Bitcoin Whitepaper, Mysterious Figure Challenges Craig Wright
Wei Liu, a Chinese citizen with a residence in California, filed a copyright claim to the Bitcoin Whitepaper with the U.S. Copyright Office. The mysterious figure is now a legal rival to Craig Wright, who claimed the same copyright last week.
[Source: Cryptoslate] ✩✩✩
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