The CEO of the behemoth crypto exchange has offered to “blacklist” the receiving address in the Bitcoin scam.
The CEO of Binance has offered to help a podcast host who lost his Bitcoin life savings in a phishing scam.

Binance CEO Changpeng Zhao responded to an emotional plea on Twitter by entrepreneur and host of the “Protocol Podcast”, Eric Savics, who lost 12 Bitcoin—worth around $113,000—in a hardware wallet phishing attack.
Read more info: https://decrypt.co/32265/binance-ceo-offers-to-help-scam-victim

Blockchain can play its part in the education sector — record-keeping in 2–3 years and then adoption by the labor market?
In the post-pandemic world, individuals will need to seize ownership and control of their educational credentials — documents like degrees and transcripts — from schools, universities and governments. That notion received key support last week from the American Council on Education in a study funded by the United States Department of Education focusing on the use of blockchain in higher education.

“Blockchain, in particular, holds promise to create more efficient, durable connections between education and work,” wrote Ted Mitchell, the president of ACE, in the foreword to the study published on June 8, adding: “In the wake of the COVID-19 crisis, learners will be more mobile, moving in and out of formal education as their job, health, and family situations change.”
Read MORE info: https://cointelegraph.com/news/blockchain-can-disrupt-higher-education-today-global-labor-market-tomorrow

In the last two days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
In brief
In the last few days, three Ethereum transactions have paid $5.7 million in fees.
A new report explains that it might be a blackmail attempt on an exchange.
It details how the hackers may have got access to the funds, and why they can't steal them.
Read more info: https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase

A new bill in India may be proposing up to ten years of prison or fines up to $3.3 million for using cryptocurrency.
In brief
India's government is looking to enact a blanket ban on cryptocurrencies, a new report says.
If the previous proposal is anything to go by, Indian citizens may face harsh punishment for using crypto in any form.
Just in March, the industry rejoiced as the country's Supreme Court reversed its central bank's crypto ban.
Read more info: https://decrypt.co/32160/india-considers-another-widespread-ban-on-bitcoin?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase

While overall developer activity is down for most leading crypto assets, core code updates appear to be on the increase.
A report published by blockchain and AI investment firm Outlier Ventures has found a decline in developer activity of roughly 20% on average across 12 leading blockchain and cryptocurrency projects.

In Outlier Ventures’ Blockchain Developer Report for the second quarter of 2020, the firm notes that development fell by half for top markets Bitcoin Cash (BCH), Eos (EOS), and Tron Tron (TRX).

Despite the retraction in building, the firm notes that some signs of strong developer activity surrounding various crypto projects, with Theta (THETA) and Cardano (ADA) seeing increases in core code updates of 931% and 580% respectively.
Read more info: https://cointelegraph.com/news/developer-activity-surrounding-eos-tron-and-bitcoin-cash-plummets

Researchers have concluded that the recent Ether transfers that spent over $5 million in gas fees are the result of hackers trying to extort a compromised exchange.
Over the past week, the crypto community has been left befuddled by three small Ether (ETH) transfers that incurred millions of dollars in fees.

However, new reports have given weight to speculation that the seven-figure fees may have been deliberately spent as part of a blackmail scheme targeting a cryptocurrency exchange, with Chinese blockchain analysis firm PeckShield concluding that the transactions were likely resulting from extortion attempts.
Read more info: https://cointelegraph.com/news/blackmail-is-behind-multi-million-eth-transfer-fees-say-researchers

Blockchain’s evolution path is similar to the invention of the internet, and we are already in its second phase.
The internet started its life over 30 years ago, and since then, it has penetrated almost every aspect of our lives. Today, it underpins virtually everything we do. In fact, it’s difficult to imagine our lives without it. The march of technology continues, and we have reached a crossroads. A different technology evolution that I predict is likely to have a similar impact on all our lives is blockchain, and if you haven’t seen its potential, you aren’t looking closely.

Skeptics keep asking the same questions over and over again about blockchain: Why is no one using it? What will people do with digital assets? When will people buy products with Bitcoin (BTC)? These questions are now so commonplace that they are fast becoming a cure for insomnia.

We are looking in the wrong place. If we think we will soon have the ability to directly buy products on Amazon using Bitcoin, we will not — although Amazon does allow you to buy gift cards with the crypto asset.
Read more info:  https://cointelegraph.com/news/blockchain-is-evolving-like-the-internet-who-will-be-the-crypto-hotmail

Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust.

According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum proposed aggregate offering price of $2 million, or 80,000 shares.

“The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin,” the filing said.

The trust may be looking to compete with Grayscale Investments’ $3.6 billion bitcoin trust, which the company launched in 2013. Grayscale (which is a subsidiary of Digital Currency Group, CoinDesk’s parent firm) filed to turn its bitcoin trust into an SEC reporting company last year.
Read more info: https://www.coindesk.com/asset-manager-wilshire-phoenix-files-to-launch-new-bitcoin-investment-trust