Weekly Crypto News Roundup - 15th of May - 22nd of May
Weekly Crypto News Roundup - 15th of May - 22nd of May

By pheonixdown-dee | Crypto 101 | 22 May 2020


Happy Bitcoin Pizza Day! On May 22, 2010, Laszlo Hanyecz, a hungry Florida-based programmer, paid 10,000 Bitcoins in exchange for two succulent pizzas. He had managed to complete the first Bitcoin transaction for a tangible asset. Now every year Bitcoin lovers recognise this day!

 

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Every week, I will be collecting some news stories / opinion pieces that I have found to be interesting in the crypto world and condensing them down into one easily digestible article. All the article and images are taken from a news source that I like to use and an alternative to CoinTelegram called BeInCrypto

BeInCrypto is a news website founded in August 2018 that specialises in cryptographic technology, privacy, fintech, and the Internet — among other related topics. The primary goal of the website is to inject transparency into an industry rife with disingenuous reporting, unlabelled sponsored articles, and paid news masquerading as honest journalism. You can visit their website by clicking here or join their new Telegram Trading channel by clicking here. I am also part of that group and like the content they are discussing. There is a lot of news that came out last week, So let's get started!

 

J.K. Rowling’s Bitcoin Tweet Receives Massive Response

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“Harry Potter” author J.K. Rowling posted a request on Twitter for an explanation of Bitcoin. The tweet was in response to another Twitter user who tagged the author. The massive response from the Bitcoin community was something Rowling likely did not expect. To read the full article, click here.

 

Huobi VP Criticizes Binance-Acquired CoinMarketCap for Exchange Ranking Metrics

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Ciara Sun, VP of Huobi, has taken aim at Binance on Twitter for distorting data on CoinMarketCap. She claims that the exchange is leveraging its recently-acquired CoinMarketCap to give itself an unfair advantage. In a tweet, she said that institutional trading volume grew by 128% between Q4 2019 and Q1 2020. She also claims that Huobi has far greater deposit volume than Binance. Yet none of this is reflected in the new CoinMarketCap rankings.

What do you think about the changes? You can read the full article by clicking here.

 

Matic Network Confirms Staking Will Start with Initial Set of Validators

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Matic’s marketing lead, Chandresh Aharwar, has confirmed that staking will commence with the first set of validators. There will be no delay. On May 15, Matic’s mainnet officially went live, but delegations and staking have yet to be implemented. We can likely expect this to be rolled out in the coming weeks. To read the full article, click here.

 

Sydney Woman Arrested for Alleged Operation of Illegal Cryptocurrency Exchange

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A woman was arrested in Burwood — a suburb of Sydney, Australia — for allegedly operating an unregistered cryptocurrency exchange. The arrest took place at a local shopping mall and police later found $60,000 in cash and $55,000 in bitcoins at her apartment. To read the full article, click here.

 

1850 New USDT Addresses Being Recorded Every Hour

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Tether (USDT), the cryptocurrency market’s top stablecoin, is growing at an accelerating rate. Not only has it been issuing more USDT than ever before, but the addresses holding the stablecoin are growing as well. According to data reported, 1850 new addresses holding USDT are being recorded every hour. In total, the number of addresses holding USDT is up ten times since late January. To read the full article, click here.

 

Atari Partners with Litecoin to Bolster Gaming and Cryptocurrency Industries

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Gaming industry stalwart Atari has recently announced that it will be partnering with the Litecoin Foundation to use the cryptocurrency as a means of payment.The recent announcement by the Litecoin Foundation stated that it was entering into a multi-faceted partnership with Atari. To read the full article, click here.

 

Bitcoin Moves $400 Million for Just $2.50 in Fees

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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. To read the full article, click here.

 

Justin Sun Claims to be Working with Law Enforcement to Get Back at Hive

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In March, Hive hard forked away from Steem to negate Justin Sun’s stake in the network. 20% of the total STEEM supply, called the ‘founder’s reward,’ was purchased by Sun in February. It was a brave example of a ‘decentralized revolt’ which Sun is now attacking with increasing resentment.

In a recent tweet, Sun alleged that ‘many millions of dollars were stolen by Hive witnesses.’ He also claims to be working with law enforcement to get the funds back. To read the full article, click here.  

 

That is my weekly roundup of the interesting news coming from the crypto world. What do you think about the topics / news stories and what was your favourite article? If you liked the content, please consider following me and tipping the article. Also are you a trader? If you are check out my favourite Telegram Trading chat, where you can discuss and find out more about crypto projects. Click here to start conversations with other crypto traders!


pheonixdown-dee
pheonixdown-dee

I am a social media manager living in Prague. I am an avid crypto enthusiast.


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