Newsletter 21: The Binance Hack | Spotting A Bull | The Facebook Coin

SA Crypto

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was withdrawn, amounting to more than $40 million during a complex hack that involved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!