Today in the news:
- Today is Bitcoin Pizza Day!
- Most cryptocurrencies are priced in red, but STEEM is doing great today: +5.1%
- Argentina's Banco Masventas will enable customers to send cross-border payments using bitcoin.
- The former CEO of Visa in the UK and Ireland has joined a new cryptocurrency startup that hopes to make spending crypto an everyday occurrence.
- And more crypto news below...
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Latest Crypto News - May 22, 2018
Failed Bull Breakout Leaves Bitcoin Eyeing Drop to $8K
Bitcoin's failed bull move on Sunday has left the doors open for the bears to make a comeback.
Read more: www.coindesk.com
More sources about Bitcoin's price:
A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments
Argentina's Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin.
Read more: www.coindesk.com
Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments
Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium.
Read more: www.ccn.com
More sources:
Bitcoin Pizza Day is celebrating a food order that would now be worth over $83 million
In what may be the most niche celebration in the world, today marks Bitcoin Pizza Day. For crypto enthusiasts, it marks eight years exactly since 10,000 bitcoin (BTC) was used to buy two pizzas. At the time, it was worth the equivalent of $41. Now, the same amount is worth over $83 million.
Read more: www.newsweek.com
More sources:
- He Paid How Much? CoinDesk Releases 'Bitcoin Pizza Day' Price Tracker
- Cryptonians Celebrate Pizza Day to Mark the Historic Moment When Bitcoin Became Money
A UK trading platform is launching a crypto exchange pitched at banks and hedge funds
The UK foreign-exchange trading venue LMAX Exchange is launching a cryptocurrency exchange for institutional investors.
Read more: www.businessinsider.com
Seoul Mayor Pledges Blockchain Boost in Re-Election Push
Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.
Read more: www.coindesk.com
Ohio Could Become Next US State to Legally Recognize Blockchain Data
A bill proposed by an Ohio Senator would let the state legally recognize blockchain records and smart contracts.
Read more: www.coindesk.com
China State TV: Token Sales Still 'Rampant' After Central Bank Ban
China's highest-level state media outlet has said token sales are still common in the country despite a 2017 ban.
Read more: www.coindesk.com
Bank of England Issues Working Paper on Central Bank Digital Currencies
On May 18, the Bank of England released a staff working paper, laying out various scenarios of possible risks and financial stability issues of central bank digital currencies (CBDCs).
Read more: cointelegraph.com
Mainnet Fever: Which are the Hottest Projects Launching Soon
Breaking out with a brand-new blockchain in 2018 is coming within days for TRON, EOS, and other prominent projects.
Read more: cryptovest.com
Steem Technical Analysis: Trading Support Holds Strong As Platform Celebrates 1,000,000 Account Registrations
STEEM survives the market haircut today unscathed, in tune with the platform surpassing the 1,000,000th account benchmark.
Read more: cryptovest.com
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Think about how many Bitcoins he must have owned at the time!!
Steem is KING! :)
Currently yes. Will take at least 2 years for EOS to play catch up.
Glad to see that STEEM is doing well despite most of the other cryptos all seeing pullbacks right now. Hopefully things will turn around for the market as a whole and STEEM can see an even bigger boost!
I rather keep it down low for longer so I can stash up some more.
Oh yes, that's certainly a good point as well - hadn't really thought of it in that way. At least there are plenty of other opportunities to buy the dip in other cryptos at the moment.
No point in buying cryptocurrencies that works slower and has no platform like Steem atm where we have apps and awesome devs for all niches.
Fair enough - certainly lots to be optimistic about with Steem going forward.
Hell yes. 1500 dollar STEEM and Smart Media Tokens!
It is great to see that Steem is behaving like a salmon and swims against the flow :)
Any ideas of SBD will even be able to catch up, or will it slowly drop down to the initial idea of $1?
Considering the low supply of SBD it can go up to 50 dollars a coin. There is only 13 million circulating coins of SBD.
I do understand but daily new SBD is created. I do expect that Steem will always have more value than SBD. Don't forget that it is a debt from the ecosystem to the user and that it was originally meant to be capped at $1!
Yes daily new is being created. But 13 million is still nothing compared to the 300 million Steem coins that exist. So up to 50 dollars is still possible. We humans usually have plans for stuff but then people use it in other ways.
:)
I also noticed that their was a max supply for Steem. That it is the first time I did notice this. Strange, because it also thought that it was a never ending creation of Steem going on.
What will happen when the steem creation stops?
Thanks,
Peter
What will happen? Well that is 20 years at least so no need to worry about that for now. Abundance should be here by then. 😉
Nice roundup, thanks for sharing. I've smashed the upvote button for you!
Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Step by step, cryptocurrency will being a part of most trusted currency in the world. Go crypto go..
I'm happy that Steem is green but confused as to why it is not in line with most other cryptos anymore
Just because it's 5% higher one time doesn't mean anything that it's a trend or a sign.
Nice post..
Why does One Steem Dollar only get me 0.658 Steem Power in Trade...???
Is the Steem Dollar going Down, or is Steem Power going up...???
Happy bitcoin pizza day!