Here we go again, with the most important (in my opinion, at last) news from last week in crypto.

Monday- BTCC To Sell 49% Of Its Mining Operation

According to a report by Coindesk, the mining operation of the BTCC exchange is looking to sell 49% of its stake to a Hong Kong based fund:

According to a memorandum of understanding (MOU) published on Monday by BTCC Pool and its potential buyer, Value Convergence (VC) Holdings Limited – a Hong Kong-based financial service firm – the deal would raise 147 million Hong Kong dollars (US$17 million) if finalized.

The news comes soon after BTCC itself was acquired by a Hong Kong-based blockchain investment fund in January of this year.

Tuesday: TRON’s ‘Independence Day’

The tenth crypto asset at the moment, TRON, activated its public mainnet, allowing investors to move their ERC20 tokens to TRON's own blockchain.

According to TRON developers, internal tests had shown that their network is “400 times faster” than Ethereum’s.

Wednesday: Facebook Relaxed Its Ban On Crypto Ads

Following an announcement on the official Product Management Page, Facebook relaxed their strict ban policy against crypto related products.

The new policy states that:

[...] starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.

Thursday: Facebook Rumored To Buy Coinbase

New rumors surfaced on Thursday about a potential acquisition of Coinbase by Facebook.

According to an article published on The Independent:

Experts say that not only could the acquisition boost Facebook’s value and utility, the involvement of the technology giant would add legitimacy to cryptocurrency markets.

"It wouldn't surprise me if Facebook made an attempt to acquire Coinbase," tech entrepreneur Oliver Isaacs told The Independent. "Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question."

Friday: 3 Short Stories About Crypto Exchanges - All Good

Last day of the week seemed to be busy for crypto exchanges:

• Binance to open operations in Uganda
• Bithumb readjusts the hack loss to $17 million (from $31 million)
• Huobi opened a London office

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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