News of the week

France May Allow Crypto Donations for Notre Dame

France’s Minister of State for the Digital Sector, Cédric O, has said he is open to cooperating with cryptocurrency platforms to enable crypto donations for the reconstruction of the Notre Dame cathedral. The medieval cathedral suffered a blaze on April 15 that nearly destroyed the world-renowned landmark. Within just two days, donations for the monument’s reconstruction are reportedly approaching 900 million euros (over $1 billion).

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John McAfee Wants to Reveal Bitcoin Creator Satoshi Nakamoto

John McAfee is aiming for the greatest mystery in all of Cryptocurrency, “Who is Satoshi Nakamoto?”. He believes the time is nigh for Satoshi Nakamoto to reveal himself. McAfee said that Nakamoto is not CIA nor any agency of any world government and that it is a collection of people. According to him, the white paper was written by one man, who currently resides in the US.

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PayPal Patents the Tech to Defend Against Crypto Ransomware

Online payments giant PayPal has been awarded a patent for a technique that could detect a type of crypto malware and mitigate its effects. The patent outlines how taking advantage of existing system data caches can help detect ransomware and prevent it from irretrievably locking up victims’ files. Ransomware can encrypt the contents of a hard drive or other networked files and make it inaccessible for system users, the patent states, so “a system user who lacks decryption keys will no longer be able to readily access his or her data.”

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South Korean Crypto Exchange Coinnest Terminates

South Korean crypto exchange Coinnest has begun to shutter its services. The announcement states that the decision to close as the exchange was made because of a struggle to cope with changes in the cryptocurrency and blockchain industry. The process of shuttering platform services is set to culminate by June 30.

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Amazon Rival Rakuten is Jumping into Bitcoin And Crypto

Rakuten, a Japan-based online retailer, has begun accepting registrations for its new bitcoin and cryptocurrency exchange, Rakuten Wallet. Cryptocurrency investors hoping other technology companies, such as Amazon, will follow suit. The cryptocurrency exchange is scheduled to open to the public from June this year after Rakuten received a license for its bitcoin and cryptocurrency exchange late last month from the Japanese financial services regulator.

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Ledger and Nomura’s Crypto Custody Delayed to 2020

Ledger’s partnership with Japanese bank Nomura is still in full swing, but launching the institutional-grade custody solution for digital assets may take longer than expected. Pascal Gauthier preemptively scotched rumors that the partnership was off.

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