TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Bipartisan legislation introduced to end NSA surveillance program. Coinbase presents institutional staking offer with rewards. Korean exchange Bithumb hacked by insiders. EOS and TRON dApps qualified as high-risk. Blockchain.com releases Bitcoin Cash centric primer, and EatBCH updates donors on recent gaps in communication.
Bipartisan Law Could End NSA Mass Surveillance Program
“Ending Mass Collection of Americans’ Phone Records Act,” is the name of legislation introduced into the US Congress, seeking to stop the massive phone tapping program the NSA has been authorized to conduct almost twenty years ago. The legislation is a bipartisan effort to take a first step at abolishing the unpopular Patriot Act in the near future.
Coinbase Heads into Staking Territory
Coinbase announced they will start offering rewards for staking into their Custody platform. At first, this initiative will be only available with the crypto Tezos. After taking their fees and costs, Coinbase guarantees a passive income of 6.6% of the cryptocurrency staked annually. While this sounds great, there are other services offering an even larger cut, like Cred, and they accept more cryptos.
Korean Exchange Bithumb Hacked by Insiders
Yesterday, the Korean Exchange Bithumb noticed strange movement in their wallets and discovered unauthorized transactions were made. Bithumb then issued an official statement where they admit an undisclosed amount of cryptocurrency was indeed taken from the company funds, but instead of calling it a hack, they said it was an “accident involving insiders” as a result of an internal investigation.
Most EOS and TRON dApps “High Risk”
A report from Hard Fork has found out more than 50% of TRON and EOS dApps are being classified as gambling or “high risk” by dApp portal DappRadar. EOS can be qualified as a casino, with more than 60% of the most used apps are intended for wagering. High-risk are ones “if it sounds too good to be true, we advise you to stay away.”
Bitcoin Cash Blockchain.com Primer
A document describing characteristics of Bitcoin Cash has been released by Blockchain.com. In the so-called Primer, the strengths of the cryptocurrency are detailed, where important characteristics such as brand awareness and community strength, and the capacity for change that has been evidenced by community resilience after the recent hard fork, are discussed in detail.
EatBCH Apologizes for Lack of Updates Due to Power Outages
Update: We deeply apologize for the lack of updates this week. We are just coming out of the third multi-day national blackout in less than 1 month. This plus the internet outage even when there's electricity has complicated posting pictures
— eatBCH Venezuela (@eatBCH_VE) March 30, 2019
EatBCH, the organization feeding Venezuelans with Bitcoin Cash donations, offered apologies via its Twitter account due to the lack of updates recently. The continuous power outages and the lack of internet have impacted the group’s capability to provide feedback about what is being done. The group insists they “still have been doing our work every week and to post the proofs of it,” thanking donors for their generosity.
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