It’s the start of a brand-new week which implies it’s time for Moonday Mornings, Hard Fork’s wrap-up of the leading cryptocurrency and blockchain headings from the weekend.

1. Regional news in South Africa is reporting about a cryptocurrency Ponzi plan. It’s called “Bitcoin BTC Wallet,” and guarantees returns of 100 percent in 15 days. The rip-off is approximated to be creating R2 million ($135,000) every day.

2. Bitmain is taking legal action against 3 previous staffers after they established a competing mining swimming pool. The cryptocurrency mining hardware company is pursuing $4 million in damages, declaring the trio disregarded non-compete arrangements, CoinDesk reports

3. Iceland’s monetary regulator, the Financial Supervisory Authority (FME), has actually authorized the very first blockchain-focused electronic loan company in the nation, it stated in an statement The approval grants the ConsenSys-backed start-up Monerium to provide and manage cryptocurrency.

4. 5 cryptocurrency exchanges in Korea have actually altered their regards to service following guidance from the nation’s Fair Trade Commission, the Korea Herald reports The modifications will now indicate the business can be delegated issues triggered by cyberattacks or system breakdowns. Great news for users!

5. From September, cryptocurrency traders based in the United States will no longer have the ability to utilize digital token exchange Binance. The exchange has actually upgraded its regards to usage which limits US-based people and business traders, The Block reports However, do not stress! Binance states it will be back with a completely managed platform specifically for the United States market View this area.

There you have it, another Monday and another roundup of Bitcoin and blockchain-related headings.

Now, on with the week.

Released June 17, 2019– 08: 47 UTC.