WTFBit Weekly: Mar 30

Weekly Digest — 01 April

1. Not by ICO alone. Binance has changed the approach to initial coin offering on its Launchpad platform. The company will use a new lottery format among Binance Coin holders. Previously, the system worked in the order of priority, which deprived many users of the opportunity to purchase tokens. Now the investor needs to keep the BNB coins in the account for 20 days in order to receive lottery tickets (maximum 5). The higher the amount, the greater the chance of winning. Not surprisingly, the #BNB grew by 11.32% over the course of the day.

2. Microsoft's search engine and advertising platform Bing last year blocked more than 5 million ads related to cryptocurrencies. The published report states that the pseudo-anonymity of the cryptos made them a primary goal for the hamsters fraudsters.

3. Patrick McDonnell, owner of CabbageTech, "deceived investors by portraying himself as an experienced trader" and can pay for it with freedom. Now, there are 9 cases of fraud with his participation. The prominent name of the startup really helped Patrick "cut the cabbage," but did not spare the investigation of the Commodity Futures Trading Commission (CFTC). An American faces 20 years in jail.

4. The Cyber Police arrested a fail IT-guy, who now faces up to six years in prison. Ukrainian mined cryptocurrencies through websites with free literature and scientific articles. The man administered information resources and decided to place the mining into the HTML code. Over 1.5 million users did not suspect that they helped someone to get rich.

5. The Swedish company Bitrefill has presented a service for booking accommodation on Airbnb with five cryptocurrencies: BTC, ETH, LTC, DOGE and DASH. US residents can purchase vouchers equivalent to $25, $50 and $100 for fiat. Bitrefill also provides mobile lending services in cryptocurrencies, and last week it announced support of crypto payments for the Netflix subscription in the same 5 coins.

6. Almost like "Cards, Money, Two Trunks", but "$10 million, Weapons and Drugs". It could have been the title of a film in which Ukrainian law enforcement detained members of a large network for the sale of drug. But it’s not a film, this is a reality. What does crypto have to do with it? Those guys were fans of digital calculations ... and adherents of paper dollars, according to the photos from the arrest.

7. Following Yuliia Tymoshenko, Volodymyr Zelensky announced his intention to “transfer Ukraine to the blockchain” (thanks God, not to print it on a 3D printer). "The retention of information about every citizen of Ukraine in a safe place will exclude the possibility of snatching  it by third parties. Such a scheme already exists and it is called blockchain", — informed the candidate for presidency.

WTFBit Media writes about blockchain and emerging technologies in simple way, with humor. We also work with diverse clients helping them effectively deliver the message to their audience.

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