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π Roger Ver's Bitcoin.com will soon launch Crypto Exchange βοΈ
π Roger Ver's Bitcoin.com will soon launch Crypto Exchange βοΈ
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| | π₯ Bitcoin.com launches Crypto Exchange
Bitcoin Cash (BCH) leaning news site Bitcoin.com is preparing to launch Exchange.Bitcoin.com, a crypto exchange within the website.
The latest addition to a suite of products by Bitcoin.com aims to further the utility of the forked coin.
The exchange will launch in September, and will introduce trading of BCH's Simple Ledger Protocol token on the chain.
| | π Bitcoin SV Splits Into Three Chains Following 210 MB Block
Following a recent hard fork of Bitcoin SV (BSV), the network saw a three-chain split after a massive 210 megabytes (MB) block was mined.
According to a report, 65% of BSV nodes are on the right chain, while 17% were stuck on the 210 MB block whereas 19% had not even upgraded to the latest version.
Prior the the split, BSV-powered payment system MoneyButton went down for three hours when their Bitcoin SV node ran out of memory and crashed during a stress test.
| | π China's Central Bank Prioritizes Development of Digital Currency
China's central bank, the People's Bank of China (PBoC) announced that it accelerated the development of its "legal digital currency".
PBoC purportedly received approval from the State Council to begin work with other market participants on a central bank digital currency.
PBoC has prioritized the development of a digital renminbi following the announcement of Facebook's Libra (LIBRA) project.
| | π₯ CoinGecko Q2 2019 Report Highlight π₯ |
| | How did the Binance hack happen?
On May 2019, 7070 BTC was unauthorizedly withdrawn off Binance, compromising up to 2% of Binance's BTC holdings.
The sophisticated hack apparently took months where hackers used multiple techniques and exploits while evading multiple security checks.
Following the hack, Binance immediately ceased operation and conducting postmortems to increase their security measures.
Fortunately, Binance are able to recouped stolen funds to traders using Binance's SAFU Funds.
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