Layer1Live - tBTC Pauses, BitMEX & Binance Under Fire, Web3 Stops Proposal

Come join Layer1 as we discuss the latest tBTC pause on deposits, VISA possibly entering crypto, breaking down BitMex lawsuits, a NonFungibles audit of the $WHALE Vault, and NO JK ROWLING talk...hopefully.

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Breaking
tBTC mainnet "pauses" after still unknown bug causes issues
https://twitter.com/mhluongo/status/1262261372714455042?s=20

Bitmex lawsuit talks claims they're laundering money and more
https://cointelegraph.com/news/bitmex-faces-lawsuit-for-alleged-racketeering-and-extensive-illicit-activities

Quick News
Blockchain as One of the Goals of Digital Government Strategy in Brazil
https://cointelegraph.com/news/blockchain-as-one-of-the-goals-of-digital-government-strategy-in-brazil

Digital asset derivatives infrastructure draws in $552 million in institutional-focused investments since 2014
https://www.theblockcrypto.com/linked/65529/digital-asset-derivatives-infrastructure-draws-in-552-million-in-institutional-focused-investments-since-2014

Chainlink now offering Verifiable Randomness on ETH
https://cointelegraph.com/news/chainlink-brings-verifiable-randomness-to-ethereum

Subreddit crypto roll out
https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/?app_name=ios_coinness&share_source=1&channelCode=appusershare&recommend_type=2&uuid=2B245716-17E7-4BDA-A421-1481390F5DA8&lang=en-gb

Former Bakkt CEO Hands Documents to DoJ Amid Insider Trading Controversy
https://cointelegraph.com/news/former-bakkt-ceo-hands-documents-to-doj-amid-insider-trading-controversy

NBA Star Wants Fans to Buy His Contract for $24.6M… Because Bitcoin?
https://cointelegraph.com/news/nba-star-wants-fans-to-buy-his-contract-for-246m-because-bitcoin

Vechain teams up with Mastercard in the APAC Provenance Council between China and Australia
https://cointelegraph.com/news/vechain-mastercard-and-alipay-join-australia-china-supply-chain-consortium

Binance hits ATH for new user registration; Adds 30m to its insurance fund
https://cointelegraph.com/news/new-user-registrations-on-binance-approach-all-time-high-amid-bitcoin-halving
https://bravenewcoin.com/insights/binance-adds-30-million-usdt-to-insurance-fund-following-may-10th-drop

Monero transactions and hashrate continue to boom
https://www.cryptoglobe.com/latest/2020/05/monero-network-usage-back-at-all-time-highs-from-phantom-usage/

Discussion
Binance cut shorts on their futures platform during auto deleveraging
https://cointelegraph.com/news/traders-say-binance-cut-their-bitcoin-shorts-heres-why-it-happened

Bitfinex is dumping BTC for USDT it seems; over $1b Tether printed in April -- larger discussion around exchanges becoming the largest sellers as miners now receive 50% less
https://beincrypto.com/bitfinexs-cold-wallets-being-drained-of-bitcoin/

Web3 Foundation tables proposal to redenominate Polkadot’s token and 100x its supply
https://www.theblockcrypto.com/post/65420/polkadot-redenomination-supply-proposal-web3

Bitcoin
FTX lists Bitcoin hashrate derivative contract
https://www.forbes.com/sites/colinharper/2020/05/15/futures-trading-for-bitcoins-hashrate-has-arrived/#4a31ecc5c72c

Ethereum
ErisX launches ETH Futures
https://www.cryptoglobe.com/latest/2020/05/crypto-derivatives-exchange-erisx-launches-physically-settled-ether-futures-contracts/

Will Visa use ETH for its digital fiat? -- Would this be bullish for ETH even if its using a private version?
https://en.ethereumworldnews.com/speculation-grows-that-visas-digital-fiat-will-use-ethereum-eth/

Reddit CP to hit ETH blockchain in 2021 -- start of an NFT boom?
https://cointelegraph.com/news/reddits-blockchain-rewards-will-migrate-to-ethereum-by-2021

NonFungibles.com runs audit on NFTs backing token
https://nonfungible.com/static/may-2020-whale-vault-audit.pdf

Binance
OKEX calls CMC's new exchange ranking shameless
https://cointelegraph.com/news/okex-exec-calls-binance-s-coinmarketcap-ranking-shameless
https://cointelegraph.com/news/coinmarketcap-initially-rejected-the-metric-that-now-puts-binance-at-no1

Stellar
Stellar SDK is being used as concept for Ukranian CBDC
https://www.crypto-news-flash.com/national-bank-of-ukraine-integrates-stellar-lumens-protocol-for-cbdc-pilot/