Today in the news:
- All cryptocurrencies in the top 30 are priced in red today :(
- HTC has announced a blockchain phone.
- The Bitcoin Cash upgrade that increases the block size to 32MB has been activated.
- The French Finance Minister has said he is passionate about cryptos and blockchain.
- The world’s second-biggest maker of bitcoin mining hardware, Canaan Inc., has filed for an IPO that could raise about $1 billion.
- Circle has raised $110M and plans to launch a USD-backed token.
- And more crypto news below...
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Latest Crypto News - May 16, 2018
Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low
Bitcoin's (BTC) bears have unraveled the minor rally in prices since Saturday and are now looking to pull the cryptocurrency below the $8,000 mark, the technical charts indicate.
Read more: www.coindesk.com
JPMorgan Co-President Jerry Pinto: Cryptocurrency “Will Play a Role” in Future
JPMorgan co-president Jerry Pinto confirmed the bank was “looking into” the Bitcoin space May 16, saying cryptocurrency “will play a role” in the future.
Read more: cointelegraph.com
HTC is launching a blockchain-powered phone
HTC is developing a new Android phone that will be powered by blockchain technology. The phone, named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.
Read more:
More sources:
- HTC just announced the world’s first blockchain phone
- HTC's 'Exodus' blockchain phone is made for a decentralized future
- HTC Plans to Ship a Blockchain Phone This Year
- HTC Reveals Plans To Launch Blockchain-Powered Smartphone
Bitcoin Cash Hard Fork Increases Block Size, Reactivates Op Nodes
A Bitcoin Cash (BCH) upgrade that will both increase block size from 8MB to 32MB and add or reactivate Bitcoin script operation codes (Op codes) has been activated.
Read more: cointelegraph.com
More sources:
- Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features
- Bitcoin Cash Successfully Upgrades to 32 MB with New OP_Codes
Bitcoin Mining Equipment Maker Canaan Files for $1 Billion IPO
Canaan Inc., the world’s second-biggest maker of bitcoin mining hardware, submitted a listing application to the Hong Kong stock exchange.
Read more: www.bloomberg.com
More sources:
- Bitcoin Mining Manufacturer Canaan Confirms IPO Filing, Backed by Major Banks
- A company that sold 300000 bitcoin mining rigs last year is seeking the largest crypto IPO ever
Circle Raises $110 Mln In Investment Round, Plans To Release Fiat-Based Stable Coin
Boston-based Circle Internet Financial Ltd., a digital currency products developer, has closed a $110 mln fundraising round led by mining hardware manufacturer Bitmain, Bloomberg reports May 15. The two companies are now partners in a project to create a token which is backed by US dollars.
Read more: cointelegraph.com
More sources:
- Circle Raises $110Mn With Plans to Launch USD-Backed Coin
- Circle Raises $110M, Plans to Launch USD-Backed Token
French Finance Minister Says He is Now Passionate About Cryptos and Blockchain
The French Finance Minister, Bruno Le Maire, has become the most senior European official to metaphorically wave the crypto flag as he declares this space has his “total and determined support.”
Read more: www.trustnodes.com
Social Investing Platform eToro Expanding Crypto Trading to US
eToro, the social investing platform, is launching a full-fledged cryptocurrency exchange and mobile wallet and expanding into the United States.
Read more: www.coindesk.com
Microsoft’s Search Engine Bing Says It Will Ban Crypto-Related Ads By July 2018
Microsoft-powered search engine Bing has joined other internet giants in announcing it will ban cryptocurrency-related advertisements on its network by July 2018, according to an official blog post today, May 15.
Read more: cointelegraph.com
More sources:
European Central Bank’s Mersch Says Banks Should ‘Segregate’ Crypto Trading
The European Central Bank’s Yves Mersch says banks should keep cryptocurrency dealings separate from other activities, as crypto doesn’t “qualify” as money.
Read more: cointelegraph.com
US Regulators Say They Want to Avoid 'Hindering' Blockchain Innovation
U.S. regulators are still looking into cryptocurrencies and initial coin offerings, but don't aim to suppress the industry, according to comments made during a panel at CoinDesk's Consensus 2018 conference in New York.
Read more: www.coindesk.com
Japan: Nomura Bank Announces Crypto Custody Solution For Institutional Investors
Japan-based global investment bank Nomura has announced a joint venture to establish a custody solution for digital assets, targeting institutional investment in crypto.
Read more: cointelegraph.com
Wall Street Vet Brian Kelly Launches Blockchain ETF
Investment manager Brian Kelly is launching a new blockchain startup-based exchange-traded-fund (ETF), he announced Wednesday. Working in partnership with REX Shares founder Gregg King, Kelly will actively manage a portfolio of roughly 30 companies actively using blockchain technology and matching one of four general criteria, he told CoinDesk. The fund will support firms from the seed stage onward.
Read more: www.coindesk.com
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