Today in the news:
- After dipping below the $7,300 mark yesterday, the bitcoin price has recovered to $7,530 today.
- The Central Bank of Russia released a report, stating that crypto assets do not currently threaten global financial stability.
- Asus has debuted a new crypto mining motherboard that has space for 20 GPUs.
- A Prague-based bitcoin ATM manufacturer, has installed 10 new cryptocurrency ATMs throughout the Prague subway.
- And more crypto news below...
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Latest Crypto News - May 31, 2018
Going Up? Bitcoin Price Sets Sights on New Resistance
Bitcoin (BTC) is working its way through the key supply zone above $7,500 and could test resistance at $7,870 in the next 24 hours, the technical charts indicate.
Read more: www.coindesk.com
More sources about Bitcoin's price:
Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value
The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling.
Read more: news.bitcoin.com
Asus' New Crypto Mining Motherboard Has Space for 20 GPUs
Computer hardware giant Asus has debuted a new product aimed specifically at cryptocurrency miners.
Read more: www.coindesk.com
Central Bank Of Russia: Crypto Assets Do Not Pose Risk to Global Financial Stability
The Central Bank of Russia released a report May 30, stating that crypto assets do not currently threaten global financial stability as the global volume of crypto transactions is very low.
Read more: cointelegraph.com
‘No Plan’ for a Central Bank Digital Currency Now, Says Hong Kong Official
A senior government official from Hong Kong has ruled out plans for a central bank digital currency (CBDC) presently, claiming the country already has an efficient payments infrastructure.
Read more: www.ccn.com
More sources:
Pressure Rising on China to Lift the Crypto Ban
Eight months on since China was featured on a Newsnight discussion of their ban on crypto-trading, speculation is increasing the world’s second biggest economy may ditch the title of the only country of relevance to ban cryptos and may u-turn.
Read more: www.trustnodes.com
Prague Subway Gets 10 New Bitcoin ATMs
GENERAL BYTES, a Prague-based bitcoin ATM manufacturer, has installed 10 new cryptocurrency ATMs throughout the Prague subway. With this latest move, commuters using the busy Prague Metro can buy and sell virtual currencies on the go. One of the busiest metros in Europe, over 1.2 million people pass through the Prague subway daily.
Read more: bitcoinmagazine.com
Satoshi Nakamoto was weird, paranoid, and bossy, says early bitcoin developer who exchanged hundreds of emails with the mysterious crypto creator
Laszlo Hanyecz, a developer who worked on bitcoin early on, told Business Insider he exchanged hundreds of emails with the person or team known as Nakamoto in 2010. The experience was mostly weird, Hanyecz said.
Read more: www.businessinsider.com
Crypto Exchange Huobi Confirms Move Into Brazilian Market
Huobi, a major cryptocurrency exchange originally from China, has told CoinDesk that it's setting up shop in Brazil.
Read more: www.coindesk.com
Bitcoin's influence over cryptocurrency prices could end soon, says Ripple CEO
Cryptocurrency prices have been highly correlated with bitcoin, the first and most famous out of thousands that exist. But that could end soon as markets start to acknowledge the differences between these assets, according to Ripple CEO Brad Garlinghouse.
Read more: www.cnbc.com
More sources:
Bitcoin addiction is now a thing that hospitals treat
Trading crypto can be addictive, according to experts at an addiction treatment center in Scotland. They want to help.
Read more: news.vice.com
John McAfee Announces Crypto-Backed ‘Fiat’ Currency Redeemable for Face Time With Him
Businessman and crypto advocate John McAfee is releasing his own “fiat” currency backed by cryptocurrency, the McAfee Redemption Unit (MRU), on June 25, according to his tweet from yesterday, May 29.
Read more: cointelegraph.com
Crypto Learning Centers and Courses on the Rise in Japan, Thailand, and South Korea
Learning centers, courses, and crypto educational seminars are on the rise in Japan, Thailand, and South Korea. Bitcoin no Madoguchi and Bit Station have opened up to offer guidance to Japanese investors. The Cryptoasset Revolution course and Cryptonist’s seminar are happening soon in Thailand. Meanwhile, Decenter University and Koscom have launched training courses in South Korea.
Read more: news.bitcoin.com
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It's really good to see all these crypto ATMs being installed in Prague!
Yeah :) There is currently almost 50 crypto ATMs in my home country (Czech Republic). Hopefully, more countries will follow soon...
The market will be good if the price of btc and other coin up again.
If China gets back in the game, we could definitely see a spike in the market. I still don't see it happening, unfortunately. With the gameplan to control every facet in their country, I can't see them backing down from their original decision, even if it could mean billions in revenue.
Thanks for the overview Pablo!