Hacked Crypto Exchange Binance to Resume Deposits and Withdrawals on Tuesday
Binance CEO Changpeng Zhao has announced that the crypto exchange plans to resume deposits and withdrawal services on Tuesday.
Currently, all withdrawal and deposit actions are marked “Suspend” and cannot be carried out on the exchange. However, at least one user has said on social media that they were able to send deposits to the address by way of previously identified addresses.
Bitcoins for Frappuccino: Will Starbucks’ Crypto Endeavours Pave the Way for Mainstream Adoption?
The United States coffeehouse chain Starbucks is one of the most mainstream companies to look into crypto, and its intentions have finally been confirmed this week: The company has teamed up with Microsoft to track its beans with a blockchain.
Moreover, reports say that the coffee giant might start accepting bitcoin (BTC) payments in its U.S. branches later this year. So, is the long-awaited mainstream adoption finally coming to the crypto market?
Ethereum’s Reddit Moderators Resign Amid Controversy
Taylor Monahan, the CEO of crypto wallet startup MyCrypto, has been moderator for the ethereum subreddit channel since 2016.
That year, the ethereum Reddit channel was just breaking over the 10,000 subscribers mark, according to SubRedditStats. Today, the same channel boasts over 400,000 subscribers and is ranked within the top 600 most popular channels on Reddit.
However, what may have started as a relatively low-commitment and low-visibility responsibility became a flash point of controversy in the ethereum community (though tensions have died down in recent days).
“Back then, there weren’t any guidelines or rules.” Monahan told CoinDesk. “We [the moderators] were all cut from the same cloth. We all had the same natural philosophy about what we should and shouldn’t do…We were pretty light-handed and mostly just removed scams and spams and stuff.”
Those duties include: approving posts that were incorrectly removed by the automoderator, removing posts that break the subreddit’s stated rules, bringing posts that require subjective decision-making to the attention of the entire moderation team, and other responsibilities that, in sum, seek to halt the spread of spammy or scammy content.
This Week in Cryptos: Blockchain Week in NYC Begins While Facebook Allows Crypto Ads Again
This week, all eyes are going to be on New York City as leading blockchain brains assemble for the blockchain week. New York City Blockchain Week will runs from May 10th to May 18th with hundreds of events drawing people from around the world to share in the exploration of new innovations. It is a rare opportunity to meet global blockchain leaders with dozens of events being held to this aim. This year headline speakers include FedEx’s Fred Smith, Fidelity’s Abigail Johnson, Twitter and Square’s Jack Dorsey, chairman of the U.S. Securities Exchange Commission, Jay Clayton, and U.S. presidential hopeful, Andrew Yang.
Codename ‘TRUEngine’: GE Aviation, Microsoft Reveal Aircraft Parts Blockchain
GE Aviation, which supplies jet engines to about 60 percent of the global airline industry, has built a supply chain track-and-trace blockchain with the help of Microsoft Azure.
GE Aviation Digital Group aims to share the blockchain, a self-built derivative of ethereum, across an industry-wide consortium of partners. The ledger’s use case, which is about monitoring and collating data tied to the manufacture and life cycle of critical aircraft engine parts, could scarcely be more pertinent given the recent travails of Boeing.