Friday, September 17. The week is coming to an end, so we can talk about the most interesting news in the crypto industry for this week.
The Binance crypto exchange refuses a decentralized business model
In a recent interview, Binance director Changpeng Zhao said that the company is becoming a legalized enterprise with a centralized business. This decision was made due to problems with regulators.
Changpeng recognizes that a decentralized organization of global business will interfere with the moments of obtaining approval from regulators, where clear licensing regimes are observed.
«In 2017, at the time of the company’s inception, we wanted to conduct a decentralized business model. However, a large part of the business is one exchange. Therefore, we have come to understand that we need to be a centralized exchange in order to work calmly with regulators in the future,» Changpeng said.
He also added that the organization does not have a headquarters and this is a bad signal for regulators.
«Supervisory agencies often ask us simple questions that are waiting for specific answers. For example, where our headquarters is located, and in response they receive an ambiguous answer that we do not have it. This is not the best answer that can be given to the regulator. They may find us too dodgy.» – added the director of Binance.
American cinema chain AMC will add support for Ethereum, Litecoin and Bitcoin Cash
The largest American cinema chain AMC recently announced that bitcoin will become an additional payment element. Now it has become known that by the end of the year the company plans to introduce Ethereum, Litecoin and Bitcoin Cash into the payment system. With the help of these cryptocurrencies, buyers will also be able to pay for movie tickets. This was stated by the head of the network Adam Aron on Twitter.
«Most likely, you are already aware that AMC will accept the first cryptocurrency as a payment element. This will be possible before the end of 2021. I hasten to confirm this data and inform you that Ethereum, Litecoin and Bitcoin Cash will also be introduced into our network as a payment element,» Aron said.
Recall that such an initiative is being added in order to increase ticket sales for films. Due to the pandemic, the cinema chain has suffered serious losses and a step towards cryptocurrencies should help to return profits back.
A bitcoin ATM was burned in El Salvador
The Associated Press news agency reports that residents of El Salvador who are dissatisfied with the state of affairs in the country have come out to protest against the legalization of bitcoin. It happened on September 15, the day of the bicentennial of the country.
The protesters opposed not only the legalization of the first cryptocurrency, but also the country’s president, Nayib Bukele. According to their statements, he gathered a lot of power in his hands and thereby weakened judicial independence. Residents of the protest wore a T-shirt with the words “No to Bitcoin”. The most aggressive among them decided to set fire to an ATM that converted digital assets.
This is not the first protest action in San Salvador against the legalization of bitcoin. At the end of August, hundreds of demonstrators went to a similar rally. They expressed concern about the potential increase in corruption with the use of cryptocurrencies and the replacement of the US dollar with digital gold.
The main threat to cybersecurity in 2021 is ransomware viruses
The company, the developer of cybersecurity software Trend Micro, conducted an analysis of threats over the past six months and announced statistics. In 2021, more than 40 billion rubles were blocked. email threats, malware, and URLs.
According to their calculations, the main danger remains ransomware viruses. For six months, the level of attacks using such software has increased by 1318%. Russia accounted for 10% of active ransomware programs in the euro region. Miners also began to detect malware more often than it was last year.
Recall, according to the July data of the Ransomwhere service, since the beginning of the year, more than $33 million in cryptocurrency has been received for addresses associated with ransomware viruses. At the time of writing, this figure is already more than $44.5 million.