Show notes
The Binance Hack
This week’s world-shaking news, of course, centres around the Binance Hack. 7070 BTC
was withdrawn, amounting to more than $40 million during a complex hack that involved
stealing 2-factor authentication codes and API keys. During a live Twitter AMA, Binance
CEO, Changpeng Zhao, addressed the increasingly concerned crypto community, and
assured everyone that emergency measures were in place.
CoinTelegraph featured this story https://cointelegraph.com/news/binance-ceo-addresses-
concerns-live-after-40-mln-btc-hack-rejects-blockchain-reorg-idea
BTC Busts Out
Hacks aside, it’s been a great week for BTC, as bullish developments led it towards breaking
that famed $6000 threshold. And, as of Thursday this week, that beautiful moment we’ve all
been waiting for happened.
Techcentral has more on this bull of a story
https://techcentral.co.za/bitcoin-soars-above-6-000/89420/
Could Facebook Coin Be The Catalyst For Mass Adoption?
If crypto adoption rates are soaring, imagine just how much more they will, when Facebook
Coin hits our newsfeeds? Spencer Bogart, General Partner at Blockchain Capital, in a
recent with Bloomberg, called Facebook Coin a “potential gateway drug” that ushers
in new entrants to the cryptocurrency space.
Read More on Coingape
https://coingape.com/facebook-coin-gateway-drug-cryptocurrency-bitcoin/
What Else Is Happening:
● Fidelity is set to launch its own crypto trading service
https://www.newsbtc.com/2019/05/06/institutions-inbound-fidelity-set-to-
launch-crypto-trading-service-as-interest-in-markets-flourishes/
● Bitfinex might be in trouble, as revealed in massive net outflow during last
month https://www.newsbtc.com/2019/05/08/trouble-bitfinex-posts-record-
high-net-bitcoin-withdrawals-in-april-2019/
● A new survey has revealed that nearly half of institutional investors feel
confident about owning digital assets
https://www.bloomberg.com/news/articles/2019-05-02/fidelity-survey-finds-
institutional-investors-are-eyeing-crypto
Featured Tweet:
We were lucky enough to nab an interview with the incredible Alakanani (@bitcoinlady)
during Blockchain Africa 2019. And, we were extremely excited this week to spot this news:
that her Satoshi Centre website has been redesigned! May this Botswana-based bitcoin
community centre grow from strength to strength!
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