In an update on the $40 million-plus theft of 7,000 Bitcoin on May 7, Binance CEO Changpeng “CZ” Zhao suggested that the cryptocurrency exchange industry may create a more formal alliance to fight thefts and try to prevent thieves from getting away with their ill-gotten gains.
Part of Bitfinex’s “missing” $850 million is now in the hands of the U.S. Department of Justice. Meanwhile, a controversial businessman was arrested for falsely setting up accounts that let exchanges—including Bitfinex, based on claims in the indictment—skirt bank rules and the law.
A Texas state legislator and a French National Assembly deputy have both called for legal bans on anonymous cryptocurrencies recently.
JPM Coin will be used to settle international corporate transactions faster and cheaper than currently possible