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Binance Halts Trading and Withdrawals for System Upgrade, Denies Being Hacked
Binance halted trading and withdrawals on its platform to implement a system upgrade after “a significant increase in users and trading activity.” According to the Financial Times, Binance has denied that it was hacked. Since January 2018, the company claims it has been adding “a couple million users” each week.
Hong Kong’s SFC Orders Exchanges to Delist Security-Like Tokens
Hong Kong’s Securities and Futures Commission (SFC) has ordered seven cryptocurrency exchanges to remove tokens that may be defined as securities. According to CoinDesk, the exchanges are “either based in or connected to Hong Kong, and among the top 20 in volume globally” — although it is unclear which exchanges they are. So far, all of the exchanges have responded to the SFC’s order.
Pornographic Sites Most Likely to Force Cryptocurrency Mining Code onto Visitor’s Computers
According to Chinese security firm, 360 Netlab, 241 of the top 100,000 websites by traffic contain code that uses site visitors’ computer hardware to mine cryptocurrencies. 49 percent of those 241 sites were pornographic sites, as reported by Vice. Netlab 360 shared a condensed list of the these 241 site on its Twitter page.
Austria’s Largest Energy Supplier, Wien Energie, Test Blockchain Use Cases
Wien Energie, the largest energy supplier in Austria, is testing a range of blockchain use cases — including electric car stations, digital land registries, distributed power supply, and others. According to CoinDesk, Wien Energie is also a member of Enerchain, “a consortium of European utility providers that are piloting new trading platforms.” The company will develop business models based on the results of these ongoing tests.