ZenCash Cofounder to Steal Military Armored Vehicle

Police had to chase Joshua Philip Yabut for almost 100 kilometers (60 miles)
07 June 2018   983

US Army National Guard officer and ZenCash co-founder Joshua Philip Yabut is accused of hijacking an M577 armored personnel carrier, followed by a 100-kilometer chase with the police. Police claim that the 29-year-old resident of Richmond, Virginia, was under the influence of drugs. This is reported by the ArmyTimes.

The vehicle was stolen Tuesday evening from the base of Fort Pickett in Blackstone. The pursuit continued for two hours, and the speed of the M577 at times reached 65 km / h. Arriving at the administration building in Richmond, the driver surrendered to the police.

Later, the armored vehicle was returned to the base. It was not equipped with guns, but Yabut himself had weapons, but there were no ammo for him.

In a telephone conversation with the Associated Press, Yabut said that the brigade commander had allowed him to take the armored vehicle and follow a pre-determined route to check the police response. He also rejected the version that he was under the influence of drugs.

Shortly before these events, an American army officer, posted a series of controversial messages on Twitter, including "it’s a glorious day to shoot 15,000 rounds of ammunition in reflexive fire drills" and "all i wanna do is get an anime wife ", as well as a link to an article from" Wikipedia "about the M113 armored personnel carrier, which is similar to the stolen M577.

We are extremely grateful that there were no injuries as a result of this incident, and we appreciate the great work of the Virginia State Police, Richmond Police Department and other law enforcement and first responders who safely brought this situation to a close.

Maj. Gen. Timothy P. Williams

Adjutant general, Virginia

The ZenCash team confirmed that Yabut took part in the early stages of creating a crypto currency, and added that he intentionally left a vulnerability in the code, thus "organizing a public method" to launch an attack on the system. Later, the vulnerability was eliminated. ZenCash itself was attacked 51% a few days ago.

Currently, the detainee is in the prison of Richmond. In February, he submitted documents to the US Senate as an independent candidate.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.