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The popular cryptocurrency tracking website CoinMarketCap has changed its crypto exchange ranking algorithm in favor of web traffic, which ranked Binance as #1. Critics argue that there is a conflict of interest, because this change came only 6 weeks after Binance acquired CoinMarketCap in a reported $400 million deal.
Read: Mysterious Weakening of the Earth's Magnetic Field causing Satellites And Spacecraft to Malfunction !
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A lawsuit was filed against BitMEX in the U.S. District Court, alleging that the crypto derivatives exchange is engaging in money laundering, price manipulation, and other illicit activities. BitMEX experienced a significant outflow of users since an outage on March 13, when Bitcoin (BTC) fell to $3,700. On May 19, BitMEX experienced another outage, citing a trading engine error.
Read: Google Deleted 49 Chrome Browser Extensions that were Hijacking Crypto Wallets !
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tBTC, an ERC20 token backed 1:1 by Bitcoin, has been paused by developers after two days on the Ethereum mainnet due to a critical bug. The contract has only a one-time-use 10-day pause lever, so the team behind tBTC has helped users to withdraw their funds. The launch of the next version has not been announced yet.
Read: Mining into Bitcoin Addresses ! - How a Bitcoin Address is Created ?
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Reddit introduced Ethereum-based community points named “Moons” for r/Cryptocurrency and “Bricks” for r/FortniteBR. The tokens are currently in beta on the Rinkeby testnet chain. Although it’s big news for crypto space, experts worry that a migration of Reddit’s tokens to the Ethereum mainnet would trigger a significantly spike in gas prices.
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