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Cryptocurrency News Cast For May 28th 2020 ?

Cryptocurrency News Cast ๐Ÿ“ฎ 28-05-2020

๐Ÿ“ˆMarketCap:                  $263 B
๐Ÿ“Š24h Mcap %:                   2.92%
⚠️Bitcoin Dom:                 66.20%

๐Ÿ“ŒActive Coins:                 3,143
๐Ÿ“24h Vol %:                       1.10%
๐Ÿ’ฒ24h Vol:                          $103 B

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1. EMusic Launched eMU Token to Help Musicians Earn More
Pioneering digital music store eMusic has launched its eMU crypto token, a payment method designed to allow artists on the platform to keep more of the royalties they earn. The tokens can also be used to crowdfund an artist’s activities, such as a tour. In the long run the token may also be added to third party platforms. Artists that offer their music on the platform receive 50% of the revenue they generate. Read Full on Cointelegraph

2. South Korea Working On New Crypto Tax Laws
The government of South Korea is preparing to legislate crypto taxes by proposing a new amendment to the existing law. South Korea’s Ministry of Economy and Finance is preparing an amendment to apply to the nation’s Income Tax Law. This could include rules for profitable sales of cryptocurrencies as well as profits from national crypto mining projects. The ministry also mentioned including the profits generated by initial coin offerings, or ICOs. Read Full on cointelegraph

3. Google Joins Blockchain Video Network Theta
Blockchain-based streaming video platform operator Theta Labs announced that it has added Google Cloud as a network validator alongside today’s Theta Mainnet 2.0 launch. Any Google Cloud user can now deploy a Theta node via the Google Cloud Marketplace. Google Cloud Developer Advocate Allen Day told, Theta’s achievements in blockchain video and data delivery is impressive and will provide Google Cloud infrastructure in support of Theta’s long-term mission and future growth. Read Full on Decrypt

4. Ripple Urged US Regulators To Embrace Crypto
Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field. He warned, citing an article suggesting that China’s long-touted central bank digital currency (CBDC) has the potential to unseat the dollar as the global reserve currency. In terms of a national digital currency, the U.S. is already years behind China, but Garlinghouse believes that a more welcoming regulatory framework toward public digital assets can help to make up lost ground. Read Full on cointelegraph

5. Andreessen Horowitz Co-Leader Says Crypto Is In Its Golden Days
In a recent interview with Fortune, Andreessen Horowitz (a16z) co-leader Chris Dixon has predicted that the cryptocurrency industry is about to ‘boom.’ He compared crypto to artificial intelligence and told, A whole bunch of projects are launching this year. A.I. very famously went through all these summers and winters. Since 2013, it’s been this real, enduring spring for machine learning. Crypto will be the same. a16z recently launched its second cryptocurrency fund after raising $450 mln. Dixon states that he has never cast a shadow of doubt on a16z’s cryptocurrency bet despite volatile price swings. The a16z co-founder further claims that the cryptocurrency is currently in its ‘golden days’. Read Full on U.Today

6. Cryptocurrencies Make a Solid Comeback in India Despite Hurdles
There has been a sharp increase in trading volumes on crypto exchanges in India since March 5, when India’s supreme court quashed a Reserve Bank of India’s (RBI) circular that barred banks from providing services to virtual currency dealings. Trading volume on WazirX, rose 400% and 270% month-on-month in March and April, respectively. Now, the exchange is facilitating around 60 million trades per day as compared to 20 million before March. For Bengaluru-based global exchange aggregator CoinSwitch, April was the best month since inception in 2017. Read Full on qz.com

7. BitGo launches BitGo Prime, aiming Full-Service Institutional Trading Platform
Major American digital asset financial services firm BitGo is introducing BitGo Prime, a new entity specifically for institutional trading services. BitGo said that the new prime broker platform integrates institutional crypto lending, trading and custody services. At the initial launch, BitGo Prime will feature trading for the top-two cryptocurrencies — Bitcoin and Ether (ETH) — and the United States dollar. “We will be adding support for the top 12 most active coins very shortly,” said, Nick Carmi newly appointed CEO of BitGo Prime. Read Full on Cointelegraph

8. Samsung Phones Now Allows Crypto Trading Via Gemini Exchange
U.S. crypto exchange Gemini has partnered with technology giant Samsung Electronics for wallet integration. Gemini said the partnership would allow over 4 million Samsung users in the U.S. and Canada to buy and sell cryptocurrencies. Samsung Blockchain Wallet is a non-custodial crypto wallet and is available for select smartphones, such as Galaxy S10 and S20 series. Gemini said users can store their crypto funds in the blockchain wallet or can transfer it to Gemini Custody. Read Full on The Block.

News Source | cryptocrunchapp.com

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