5000 Ethereum scam using PundiX company name

5000 Ethereum scam using the PundiX name. The PundiX company name was used for a 5000 Ethereum scam from uninformed victims.
The scams have posted a fake post on Medium and set up a website, Pundixclassic.com. It invites users to send ETH – minimum 0.1 and maximum 20 ETH – with the promise to send back between 1 and 100 ETH.

The site also refers to a Pundi X Classic (NPXC), a non-existent token, obviously different from the original Pundi X (NPXS).

PundiX has announced the scam on Twitter and blocked the accounts that promoted it.

Another bank in South Africa is planning changes in the relationship with crypto companies

African news agency itweb.co.za has reported that Nedbank plans to close the accounts of crypto companies. In November last year, First National Bank of South Africa made a similar decision, invoking the lack of regulations.

Several companies such as AltCoinTrader and VALR exchanges have declared for Bitcoinexchangeguide that they have not received a notification yet. It is possible that Nedbank will only opt out of boarding new gears in this industry.

Marius Reitz, general manager for Africa at the crypto service Luno said:

“Cryptocurrencies are still very new and this is not a unique situation for South Africa as the regulation continues to be modeled. It is one of the biggest challenges facing crypto companies worldwide. ”

British cricket club issues tickets on blockchain

Lancashire Cricket Club in the UK has announced it will use a blockchain ticketing system. It will be implemented for all domestic and international games played on its field in 2020.

According to a report published by TheTicketingBusiness, the project is implemented together with blockchain ticketing provider TIXnGO.

The club said the new blockchain tickets are unique, almost impossible to counterfeit and can be tracked. The system also includes a new feature that simplifies the process of transferring or reselling tickets.

TIXnGO spent 18 months developing the platform and launched it in early 2019, according to the report.

Charlie Lee proposes a 1% tax on mining rewards for financing the Litecoin project

Litecoin Foundation, one of the most prominent development entities, has gone through financing deficits. The founder of the project, Charlie Lee, proposed as a solution the implementation of a tax of 1% of the rewards of the miners.

https://twitter.com/SatoshiLite/status/1220828750184624130?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener noreferrer
In his view, Litecoin miners, who also take rewards for Dogecoin and other Scrypt-based algorithms, can afford to share some of the rewards.

Currently, Litecoin mining has slowed down after reducing the block reward to 12.5 LTC. The network hash rate has dropped to approximately 142 TH / s.

LTC is trading around $ 55 and is one of the most liquid cryptocurrency markets.

If the tax is implemented, it could bring about $ 4,000 a day for the development of the Litecoin project.

It remains to be seen whether Charlie Lee’s proposal will be accepted, as the community is currently agitated because of the situation with Bitcoin Cash. Large mining pools have decided to force miners to contribute a mining tax of 12.5% ​​as of May 15, 2020. If the tax is not paid, the blocks discovered will not be taken into account and propagated.