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Cryptocurrency News Cast For May 23rd 2020 ?

Image Source | Pixabay.Com

๐Ÿ“ฎ 23-05-2020

๐Ÿ“ˆMarketCap:                  $255 B
๐Ÿ“Š24h Mcap %:                  -0.46%
⚠️Bitcoin Dom:                 66.00%

๐Ÿ“ŒActive Coins:                 3,120
๐Ÿ“24h Vol %:                    -13.94%
๐Ÿ’ฒ24h Vol:                          $95 B

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1. New Bill in Ukraine Will Allow Crypto Firms To Open Bank Accounts
The Ministry of Digital Transformation of Ukraine published a new draft bill “On Virtual Assets” that aims to determine the legal status of crypto assets, the rule of their circulation, and issuance in the country. According to one of the co-authors of the new draft bill, the main purpose of the initiative is to finally enable local crypto firms like exchanges to open bank accounts. As such, the proposed draft bill is designed to move the crypto industry out of the “grey zone” and finally bring legal presence to companies in Ukraine. Read Full on cointelegraph.

2. Someone Moved 46,835 BTC for Just $2.50 in Fees
Bitcoin has proved its superiority to the banks as a means of making massive value transactions once again. This time, $400 million worth of the digital currency was transferred for a total fee of just $2.50. The huge transaction was reported earlier today by YouTuber Ivan on Tech via Twitter. Posting a screenshot of a blockchain explorer showing a completed transaction of more than 46,835 BTC (with a fee of ~0.000322 BTC), the cryptocurrency analyst added, Banks are doomed… Read Full on twitter.

3. JPMorgan: CBDC Could Threaten The U.S. Dollar Dominance
U.S. has the most to lose if central bank digital currencies (CBDC) manage to challenge its existing dominance over the global payment system, according to a new report by JPMorgan. JPMorgan believes CBDC, could pose a threat to the global hegemony of the US dollar. JPMorgan warns that other countries could use digital currencies to circumvent the SWIFT system and the reach of economic sanctions, undermining the ability for the United States to exercise power on a global stage through control over the global reserve currency. Read Full on The Block.

4. South Korean University Will Open New Blockchain Campus
South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain campus in Daegu. Kim Kun-woo, director of the Planning and Coordination Division of the university, praised the announcement. He stated that the world is “rapidly” changing to a blockchain society due to the global COVID-19 crisis. Several Daegu-based blockchain companies have agreed to provide training and work experience programs within the campus. Read Full on cointelegraph.

5. Dai Trading Volume in Latin America Quadruple
Goldman Sachs’ latest client conference call will include a subject that Wall Street has either long-derided or shrugged off: Bitcoin. Per an invitation to investors, the investment bank is holding a client call on “US Economic Outlook & “Implications of Current Policies for Inflation, Gold and Bitcoin.” The conference call, set for May 27 at 10:30am EST, is the fifteenth in a series on macro economic and financial trends. Sharmin Mossavar-Rhami, a Chief Investment Officer at Goldman, will host the call, however, in 2018, Rhami said that he saw no value in Bitcoin. Read Full on Forbes.

6. Crypto Spring is Here as Top-Tier Talent Building on the Infrastructure: Reddit Cofounder
Alexis Ohanian, the Reddit co-founder and an early investor in Coinbase, said "we really do see a crypto spring right now in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain. And that to me is the most interesting part... We’re seeing really top-tier talent building on the infrastructure.” “I’ve had a percentage of my wealth in crypto for quite some time now and I still feel pretty good about it, I don’t want to change too much of it,” Ohanian says. Read Full on finance.

7. Bitcoin Critic Jamie Dimon Held Secret Meetings With Brian Armstrong
JP Morgan CEO Jamie Dimon hosted secret meetings with Coinbase CEO Brian Armstrong as early as 2018, according to Fortune journalist and author Jeff Roberts. He divulged the information while promoting his book, “Kings of Crypto,” which covers Coinbase’s rise to prominence along with its many stumbles. The revelation is especially remarkable given the distinctly anti-Bitcoin stance professed publicly by Jamie Dimon during the time period in question. In October 2018, Dimon said, “‘I don’t really give a shit about Bitcoin.” Read Full on Decrypt.

8. Three-Time Olympic Gold Medalist Bought Bitcoin
Christie Pearce Rampone, a three-time Olympic gold medalist and two-time World Cup Champion, just revealed that she picked up some Bitcoin. In a recent tweet, she relays to her fans that she had a conversation with the CEO of Binance America, Catherine Coley. Because of that conversation, she was convinced to pick up some of the leading cryptocurrency for the first time. Rampone is a professional American soccer player who commonly plays defense. With 311 caps, she is the second most-capped player in world history. Read Full on twitter.

News Source | cryptocrunchapp.com

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