Binance CEO Admonishes Justin Sun Over Steem Fiasco: ‘Transparency Works’

Binance CEO Changpeng ‘CZ’ Zhao is distancing himself from Tron founder Justin Sun over what has been described by some as a ‘hostile takeover’ of the Steem blockchain. Sun claimed that these reports were “misleading” and that “We wanted to protect the sanctity of private property & the interests of all from malicious hackers.” Allegations that the two founders colluded created a social media frenzy in which both Sun and Zhao were repeatedly accused of putting their own interests ahead of their users’. What happened with Binance, Justin Sun and…

Lil Uzi Vert Should’ve Worked on “Eternal Atake” For Another Year

Lil Uzi Vert dropped his album “Eternal Atake” on Friday. Fans waited nearly two years for this release. Uzi should’ve spent a little more time cutting the fat out of this album. Lil Uzi Vert just shocked the music world today with his surprise release of “Eternal Atake.” The hip-hop world waited on pins and needles for this album, but Lil Uzi should’ve spent a little more time in the editing room. Lil Uzi Vert fans should be super pumped for about half of his new album. | Source: Twitter…

Interlay Receives Web3 Foundation Grant for Bridging Bitcoin to Polkadot

Interoperability project Interlay has been selected to receive a Web3 Foundation grant to continue its work on Polkadot. The money will be used to develop a parachain on Polkadot that will connect to the Bitcoin (BTC) blockchain. According to the March 5 announcement, Interlay is one of the recipients of Web3 Foundation’s fifth wave of grants deliberated in Q1 2020. The Web3 Grants program funds teams and projects working to improve Polkadot in a variety of contexts. Each grant is for a maximum of $100,000 and is tied to the…

Blockchain Adoption Will Improve Industrial Processes

Corporates that advocate for Environmental, Social and Governance (ESG) responsibility initiatives should adopt blockchain technology, the CEO of Spanish blockchain software firm Finboot said on March 5th in a blog post. According to Finboot CEO and co-founder Juan Miguel Perez, to communicate the achievements of ESG initiatives, companies must obtain quantitative metrics that verify their progress and authenticate what they say. That is where blockchain technology comes in. But the introduction of traceability in ESG policies, says the Finboot CEO, is not as easy as they appear, as such implementation…

UK Adds Further Regulation to Already-Strict 5AMLD Guidelines

To combat the alleged risks associated with crypto assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and economics department, has added additional measures. The new Money Laundering Regulations, or MLRs position the U.K.’s Financial Conduct Authority (FCA) as the Anti-Money Laundering (AML) overseer for certain crypto objectives, Director of Retail and Regulatory Investigations, Therese Chambers said in a March 6 speech. These MLRs go “beyond the 5MLD to include a broader set of activities, such as Initial Coin Offerings (ICOs), as recommended by FATF last year,” Chamber’s…

eBay’s Hand Sanitizer Ban Just Made Coronavirus Deadlier

eBay just issued a ban on sales of face masks and hand sanitizer. Because economically illiterate journalists are on a crusade. “Price gouging” prevents shortages that make coronavirus deadlier. eBay is banning all sales of hand sanitizer and face masks on its platform as coronavirus outbreak panic leads to shortages in the regions hit hardest by the COVID-19 disease. CNBC notes: It comes after CNBC previously found listings offering hand sanitizer and face masks at inflated prices. For example, a 20-pack of Gerson 1730 face masks was priced at $148,…

The Dow Crashed on Friday Because Fed Credibility Is ‘Eroding’

Coronavirus fears sent the Dow Jones over 3% lower on Friday as bond prices soared and yields crashed. Despite plunging interest rate expectations, the Dow is still struggling to find any support. Fed President James Bullard believes confidence in central banks is eroding rapidly. The Dow Jones fell more than 800 points to close the week as investors continued to sour on stocks amid the spread of the coronavirus around the world. Federal Reserve President James Bullard believes that central banks are losing credibility, a view confirmed by Deutsche Bank…

ProgPow Is Dead, Long Live ProgPow: Ethereum Developer Call Summary

The Ethereum (ETH) All Core Devs call to decide on the fate of ProgPow was held on March 6. Despite a tentative decision to reformulate the mining algorithm as “Ethash 2.0,” the call raised more questions than it answered. The call lasted approximately three hours, two of which were entirely dedicated to ProgPow. Several representatives of both the pro and anti-ProgPow sides were invited. Supporters included Kristy Leigh-Minehan, one of ProgPow’s creators, and BitsBeTrippin, the founder of an educational channel on mining. Anti-ProgPow representatives included Gnosis Co-founder Martin Köppelmann and…

Ex-Presidential Candidate Andrew Yang Launches Data Privacy Nonprofit

Former presidential candidate and known cryptocurrency proponent Andrew Yang has announced a new initiative to protect privacy online. After ending his presidential bid last month, Yang has announced the creation of new nonprofit organization called Humanity Forward. It aims to “rewrite the rules” of economy and society with a focus on data privacy. Announcing the news in a March 5 tweet, Yang outlined that the group is building a human-centered America, calling for donations to support the movement. Despite Yang previously accepting donations within his presidential campaign in cryptocurrencies like…