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Cryptocurrencies
31 May
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Ernst & Young Exec: Most Ethereum Decentralized Apps Not Used Productively

Ernst & Young’s Global Innovation Leader for blockchain said that 83% of DApps on the Ethereum network are “not in the most productive uses”.

31 May
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Crypto Exchange Bitfinex Temporarily Shuts Down Deposits and Withdrawals

Cryptocurrency exchange Bitfinex has temporarily paused deposits and withdrawals.

31 May
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Coinbase President and COO Departs From the Company

Coinbase’s president and chief operating officer Asiff Hirji has reportedly left the company.

31 May
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Tether Stablecoin Now Available on EOS Blockchain

Tether’s U. S. dollar-backed stablecoin USD? is now on the EOS blockchain, following peer review by EOS Canada.

31 May
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Binance Charity Foundation Signs Memorandum of Understanding With Ugandan NGO

Binance has launched a charity program with an NGO in Uganda that will provide supplies and infrastructure to schools in Kampala.

31 May
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Big Four Auditing Firm EY Open Sources its Ethereum Private Transaction Solution

The code for rendering Ethereum transactions private developed by big four auditing firm Ernst & Young has been released and open sourced.

31 May
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Bitwise Calls Out to SEC: 95% of Bitcoin Trade Volume Is Fake, Real Market Is Or

Bitwise: 95% of BTC trade volume is fake, calls on SEC to acknowledge the market is stable.

31 May
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Bitcoin and Top Altcoins See Losses as US Stock Market Sees Slight Uptrend

Bitcoin and most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time.

31 May
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Bitcoin Blender Cryptocurrency Mixing Service Shuts Itself Down

Users of cryptocurrency mixing service Bitcoin Blender were asked by the service’s administrators to withdraw their funds because of an imminent shutdown.

31 May
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Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout for June 3

Stablecoin PAX will begin trading within Blockchain. info’s wallet next week.

31 May
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Russia: Raiffeisen Bank Introduces Blockchain Platform for Corporate Settlements

A Russian subsidiary of Austria’s Raiffeisen Bank International has introduced a blockchain platform for settlements by holding firms.

31 May
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SBI Ripple Asia to Trial Store Settlement Service for XRP-Powered Payments App MoneyTap

SBI Ripple Asia is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap.

31 May
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Liquidators of Hacked Cryptopia Exchange Release Report, Note $4.2M Owed to Creditors

Liquidators of now-defunct New Zealand crypto exchange Cryptopia have released the first report on the state of affairs of the firm.

31 May
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Chainalysis Research: Speculation Remains Bitcoin’s Primary Use Case

Research from U. S. -based blockchain intelligence firm Chainalysis shows that only 1. 3% of economic transactions for bitcoin came from merchants in the first four months of 2019.

31 May
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Galaxy Digital Founder Michael Novogratz: BTC Will Consolidate in $7,000-$10,000 Range

Bitcoin will consolidate in the $7,000-$10,000 range, according to founder and CEO of cryptocurrency merchant bank Galaxy Digital Michael Novogratz.

31 May
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Global Securities Regulator Seeks Public Feedback on Regulating Crypto Trading Platforms

Global securities regulation standard setter, the International Organization of Securities Commissions, published a consultation paper on regulating crypto trading platforms.

31 May
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UpBit Exchange Phishing Email Scam Came From North Korea, Source Claims

Hackers from North Korea were reportedly behind a phishing scam targeting users of South Korean cryptocurrency exchange UpBit.

31 May
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Japan Officially Approves Bill to Amend National Legislation Governing Crypto Regulation

The Japanese House of Representatives has officially approved a new bill to amend national laws that govern crypto regulation.

31 May
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Most Major Coins See Red as Market Corrects Downward, Gold in the Green

Top three cryptocurrencies BTC, ETH, and XRP are trending down and most coins are in the red following a substantial surge earlier today.