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“See No Bank, Hear No Bank, Speak No Bank”: German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin
According to Reuters, German Radoslav Albrecht founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. ZeroHedge reports, “Albrecht’s Bitbond uses Bitcoin and other cryptocurrencies to completely bypass the Swift international transfer system which has a monopoly and ultimate veto power on who is in – and isn’t – in the global petrodollar club, to lend money across the globe rapidly and at low cost.”

Winklevoss-Owned Gemini Exchange Becomes First Licensed Exchange to Offer ZCash
Anthony Severino of BlockExplorer reports that Gemini, the New York-based cryptocurrency exchange owned by Tyler and Cameron Winklevoss, will become the “world’s first licensed ZCash exchange”.

Australia To Ban Cash For All Purchases Over $10,000
Australia’s Liberal Party government announced it will be illegal to purchase anything over $10,000 with cash starting July of 2019. The Australian government goes on to say it’s “encouraging the transition to a digital society” and cracking down on tax evasion.

LG CNS Launches its own Blockchain Platform, Monachain
Monachain provides digital authentication, community token, and supply chain management. ZDNet reports, “The service is aimed at enterprise clients and can be applied in finance, public, telco and manufacturing industries, the company said. The platform offers digital authentication, community token, and supply chain management.”

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Electrum Pro Site Shuts Down, Citing ‘False Accusations’ As Cause
Following the proof released and verified on may 9th, the site hosting the malware Electrum Pro seems to have been voluntarily shut down. A message on the site states Electrum Pro’s reputation has been ruined due to false accusations from electrum.org. The message further states that the domain is up for sale for 25BTC, and provides a contact email. (BlockExplorer verified that the proof was genuine and Electrum Pro is lying.)

Bitcoin Wallet Mycelium Begins Rolling Out BCH Support
BlockExplorer’s David Murray reports on the popular bitcoin wallet Mycelium rolling out support for bitcoin cash.

More Bitcoin Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price
The Mt. Gox bankruptcy trustee is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. CCN reports, “Today, on May 11, various reports have suggested that the recent price dip of bitcoin and other cryptocurrencies was triggered by the sell-off of Mt. Gox coins.”

South Korean’s Largest Cryptocurrency Exchange Raided
CoinDesk Korea reports that on May 10 and 11 investigators from Seoul’s prosecutors’ office searched the head office of popular cryptocurrency exchange Upbit. “UPbit is suspected of fraud for allegedly selling cryptocurrency to customers that it does not actually hold”, according to the report.

Venture Capitalist Tim Draper: “Bitcoin Is The Most Secure Place To Put Your Money”
Tim Draper joined CNBC’s Closing Bell to discuss bitcoin. Draper was bullish on bitcoin stating, “It is a far better currency than the fiat currency. I mean, right now, your banks are being attacked all the time. The hackers are poking holes in your banks and going after your fiat money. And… the bankers are pounding away, trying to keep the hacks away but they’re getting hacked all of the time. No one has ever hacked the bitcoin blockchain. It is the most secure place to put your money.”

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5,104 BTC Later, The Bitcoin Pineapple Fund Announces It’s Time to Say Farewell
BlockExplorer’s Rebecca Campbell reports, “An anonymous donor who set up a philanthropic project using bitcoin for charitable causes has announced that it’s time to say goodbye.”

The Wild West of Crypto Hacks in One Graph
HowMuch.Net has analyzed the history of the most significant cryptocurrency hacks and scams by compiling data from CryptoAware.org, and creating a timeline graph of the data. HowMuch.net invites you to “see how often and to what extent the crypto-market has sustained attacks over the last several years.”

Bitcoin Developers Build Prototype of a Privacy Tool
An email sent to the bitcoin developers list today laid out the framework for the “Dandelion” privacy tool. “Bitcoin’s transaction spreading protocol is vulnerable to deanonymization attacks. Dandelion is a transaction routing mechanism that provides formal anonymity guarantees against these attacks.”

A New Show is Coming to CBS About Crypto
Crypto Crow YouTuber Jason Appleton has signed an agreement with CBS “to air 13 episodes of the Crypto Crow Show in select markets as a test market in hopes of spreading nationally.” The first season is scheduled to begin the week of June 25, 2018. “Each episode will feature educational information focused on helping newcomers to the crypto space such as researching, investing and how to stay secure in their efforts while featuring ICO and cryptocurrency companies and how they affect the industry.” Appleton says the series will be fully paid for by bitcoin.

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Electrum Publishes Proof “Electrum Pro” is Bitcoin Stealing Malware
Via Twitter yesterday, Electrum promised to publish proof that “Electrum Pro” is bitcoin stealing malware. This morning they published their proof on Github. Members of the community are advising if you used this software to move your coins now. BlockExplorer writer Armin Davis independently verified these claims.

ICO Competition With The Highest Prize Ever
This year ICO Engine is hosting an ICO Race 7 June, 2018 in Palazzo dei Congressi, Lugano. “Each ICO will have a 10-minute pitch in front of a qualified panel of judges who will make their evaluation based on: Solution of the problem, Business and Token sale model, Token Sale terms, Team, Pitch.” They go on to say, “ICOs will be ranked based on the evaluation given by the judges. Prizes are intended as purchase of the company’s tokens at the private sale price.” ICOs can register to be a part of the competition here.

Microsoft is Serious About Blockchain With Major Announcements and PRs
Despite the recent negative statements made by Bill Gates about Bitcoin, Microsoft’s interest in blockchain has been growing. Take this Microsoft Azure press release for example, “Simplifying blockchain app development with Azure Blockchain Workbench“. Microsoft’s Azure team is also now participating in NY Blockchain Week, according to WeTalkCoins.com.

Facebook’s New Blockchain Team Will Be Led by Coinbase Board Member David Marcus
Social media conglomerate Facebook has announced that it is establishing a new blockchain research team, according to BlockExplorer’s David Murray, and it will be led by a member of the Coinbase board of directors: David Marcus.

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Critical Vulnerability Applicable to Miners of Bitcoin Cash

Bitcoin ABC said in a security advisory that a critical vulnerability has been found in Bitcoin ABC version 0.17.0. In an incident report issued by the company on Monday they noted “If exploited the flaw would have caused an unintended split in the Bitcoin Cash network.” Updating to Bitcoin ABC 0.17.1 fixes this problem.

Bill Gates Wants to Short Bitcoin, Tyler Winklevoss Calls His Bluff

Bill Gates made news yesterday when he declared he would short bitcoin if he could. Gemini co-founder, Winklevoss challenged Gates. “Dear @BillGates there is an easy way to short bitcoin,” he wrote on Twitter. “You can short #XBT, the @CBOE Bitcoin (USD) Futures contract, and put your money where your mouth is!”.

Owner of New York Stock Exchange Said to Be Developing a Bitcoin Exchange

Intercontinental Exchange, owner of the New York Stock Exchange (NYSE), has been developing an online platform to buy cryptocurrency, reports The New York Times.

People Who All of a Sudden Think Bitcoin is Cool

And now for a bit of fun… 99Bitcoins is compiling a list of Fiat Defectors, prominent people who previously shed a negative light on Bitcoin but are now singing its praises. Billionaires George Soros and Mark Cuban make the list. You can submit nominees of your own.

Image courtesy of Carty Sewill, http://cartyisme.com/