Crypto Week In Review
Here we go again, with the last week top 5 news, as I spotted them on the news feeds I follow. Seems that we had a mixed bag, again, with market downtrends along positive news.
Monday: Facebook Director of Engineering Moves To The Same Position In The Blockchain Division
According to Cointelegraph:
Evan Cheng, Facebook’s Director of Engineering of three years, has now moved to the same position at the company’s recently established blockchain team.
Prior to this, Cheng was heading Programming Languages and Runtimes at Facebook for about three years. Before joining the social media company, Cheng was working on back end engineering for the tech giant Apple for almost ten years.
At the beginning of the year, Mark Zuckerberg made clear his interest in crypto currencies, and the agglomeration of man power around this division is a an obvious symptom as something really big cooking in the Facebook labs.
Tuesday: Bancor Hacked
According to a tweet published by the official Bancor Twitter account, more than $12 million in Ether have vanished from the company's wallet.
In further statements, Bancor reiterated that no customer wallets were breached and the theft affected only BNT smart tokens.
Wednesday: Steemd v0.19.10 Released (AppBase + RocksDB)
Steemit dev team released a new version of the Steem blockchain, including two major additions: migrating towards a more robust API mechanism and backend (AppBase) and migration to RocksDB over Boost for the account_history plugin.
Although this is not a hardfork, I considered the news highly positive.
Thursday: Binance Unveils Plans For Crypto-Backed Bank In Malta
After the recent regulatory advances coming from Malta, Binance, who operates from there, announced they will launch a crypto backed bank.
Although this is not the first project of its kind (Bitwala and after them Bankera both initiated similar projects, Bankera being quite advanced on the path) the news was relevant by the sheer size of the exchange behind it.
Friday: South Korea To Get Friendlier To The Blockchain
After a rather pessimistic and restrictive start of the year, South Korea became more friendly, from a regulatory point of view, towards blockchain-based businesses.
In a recent ministerial meeting, they announced relaxation measures towards crypto-backed businesses.
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Wonderful review here those are the main things we had this week
i really like those weekly posts of your
That sure was very interesting week
Thanks for giving us glance into the crypto world:)
Cheers and best wishes...
Good news, each one of them, the update of steemd is the best among them.
Besides, why do tokens/airdrops get hacked always. And its always in asia.
Great review!. Thanks for keeping us up to date!
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Wonderful news about facebook thinking to move into blockchains. This is good news. Thanks for your week review.
You have given a Wonderful review of this weeks cryto.it is helpful.people can get information from it easily
That's very good review on all things relating to steemit and other cryptocurrencies.
The new changes are coming up and i am sure the blockchain and crypto's will be rising again to stablize themselves from other low crypto's.
Great review. I think facebook is preparing to develop its own cryptocurrency, which would be great news because it would make a lot more people aware about cryptocurrencies.