1. Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary
Facebook is announcing its cryptocurrency later this month, according to The Information. The company is planning physical ATM-like machines where users can buy the currency, the report says. Employees working on the project will be able to take their salary in the new currency.
[Source: CNBC] ✩✩✩✩✩
2. Microsoft announces VeriSol: ethereum smart contract verification
Microsoft announced the development of an open-source formal Ethereum smart contract verification scheme for the Solidity programming language.
Announced on the Microsoft blog, the tool will be called VeriSol–Verifier for Solidity. VeriSol will enable developers to write specifications for their contracts using an intermediate language that can then be tested using mathematical logic machinery.
[Source: Cryptoslate] ✩✩✩✩✩
3. Biggest Crypto Exchange Binance Takes on Tether With Own Stablecoins
Beware, Tether. Some serious competition may finally be heading your way.
Binance, the world’s largest cryptocurrency exchange, will begin issuing so-called stablecoins “in a matter of weeks to a month or two,” Chief Financial Officer Wei Zhou said in a phone interview. Traders use these lower-volatility coins to facilitate transactions and to park funds during wild swings in prices, and until now, Tether has been the undisputed market king.
[Source: Bloomberg] ✩✩✩✩✩
4. Ripple Launches New Office in Zurich to Attract Institutional Buyers for XRP
Ripple has been making some groundbreaking movements to gain more coverage and acceptance for its native token XRP. Recently it launched out in Switzerland with a new office for the purpose of selling XRP to institutional investors. This new office is in Zurich the biggest city with the most number of banks.
[Source: Zycrypto] ✩✩✩
5. Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin
The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes.
Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017.
[Source: CCN] ✩✩✩
6. BlackSquid Malware Exploiting Web Servers to Mine Monero (XMR)
Cybersecurity researchers have discovered BlackSquid, a new malware family that exploits unpatched loopholes in web servers, network drives, and removable drives to mine privacy-centric monero (XMR), according to a TrendMicro report on June 3, 2019.
[Source: BTCManager] ✩✩✩
7. Denmark Says ICO Not a Security
The Danish Financial Services Authority (FSA) has announced that an Initial Coin Offering is not a security because, according to a rough translation:
“The reason is that, with the relevant token, neither economic nor decision-making rights follow the company or the company’s earnings.”
That sounds like a general statement that says there are no dividend rights and there are no voting rights, so it’s not a security.
[Source: TrustNodes] ✩✩✩✩
8. Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance
Japanese tax authorities are planning to take action on the under-reporting of cryptocurrency-based profits.
According to a report by The Asahi Shimbun on Wednesday, the newspaper’s sources have said that larger cryptocurrency transactions could be tracked in an effort to identify trades that are not being declared for tax purposes.
[Source: Coindesk] ✩✩✩✩
9. Bots made 75% of transactions on all EOS dapps per report
Just a quarter of EOS dapp transactions were made by real people, a new study claims.
The report was written by AnChain.AI — a blockchain startup which uses machine learning to analyse blockchain data. It concludes that 75 percent of transactions on EOS dapps were made by bot accounts using automated programs to make high levels of transactions.
[Source: DecryptMedia] ✩✩✩
10. Russia’s third largest retailer Dixy launches an ethereum-based trade finance platform
The Russian retail market will now have access to a newly launched Ethereum-based trade finance platform. The platform has been released into the market by the country’s third largest retailer Dixy following a six-month pilot stage.
[Source: FXStreet] ✩✩✩
To keep up with Talenta’s frequent updates, follow its social media sites:
Facebook: https://www.facebook.com/talentasg/
WeChat: https://mp.weixin.qq.com/mp/profile_ext?action=home&__biz=MzUzNDk0OTAxOQ==&scene=124#wechat_redirect
Twitter: https://twitter.com/TalentaSG
Telegram: https://t.me/TALENTA
