The Latest News about Cryptocurrency

According to Tom Lee, Head of Research at Fundstrat, the intrinsic weakness of currencies like Bitcoin lies in the fact that investors have to keep selling their virtual holdings in order to "Raise cash to pay for their 2017 gains."

That's according to Ronny Chieng, senior correspondent on the satirical news program The Daily Show, who took the stage at Ethereal Summit on Saturday with ConsenSys founder and CEO Joseph Lubin and Kavita Gupta, founding managing partner at ConsenSys Ventures.

Brian Forde, former head of MIT's Digital Currency Initiative, is making that his new title.

These companies are in some manner getting forced towards blockchain technology as it has become apparent that this is the future, and even though it goes against their centralized values, they simply cannot miss out.

Since leaving her role as the blockchain lead at JP Morgan last month, Baldet has been tight-lipped on the new company she plans to launch.

Founded just 18 months ago, Korean blockchain investments fund Hashed has just reached the quarter billion dollar milestone.

"When you think about it from an enterprise perspective, it has the ability to replace reconciliation, which is expensive and requires back-office and time and paperwork with more instantaneous verification that will allow cost to be cut and that savings [sic] to be passed along."

At an impromptu Q&A at Ethereal Summit on May 11, Consensys software engineer Ashoka Finley encouraged the audience to ask embarrassing questions they might have about cryptocurrency and the blockchain.

2.Ethereum is a decentralized network of computers with two basic functions.

"At its highest level, blockchain is a trust layer."

Zimbabwe's central bank has recently banned dometic financial institutions from dealing with cryptocurrencies, local media outlet NewsDay reports today, May 12.

One of the key drivers behind recent negative price movement is the actions of the Mt Gox bankruptcy trustee Nobuaki Kobayashi, who appears to be preparing for another massive sell-off.

The authors of a study at the National University of Ireland Galway on the adoption of blockchain in Ireland, called on the government to promote the technology more broadly in the country, The Irish Times reported May 11.

The Supreme Court of India declined to grant an interim injunction against the Reserve Bank of India circular banning banking services for companies dealing in cryptocurrency, according to a Twitter post by Crypto Kanoon May 11.

Assets like Bitcoin, Ethereum and Bitcoin Cash are all seriously in the red, having dropped anywhere from a few hundred dollars to over $1,000 since experiencing monthly highs last week.

Even if Bitcoin only reaches the lower end of the range, it will return about 125 percent from the current levels.

UK-based cryptocurrency trading startup, Crypto Facilities, has become the first crypto platform to launch regulated Ethereum futures contracts, making a new derivatives contract available from 4 pm UK time on the 11th of May. The new Ethereum futures contracts represent another step toward the maturation of the cryptocurrency market as complex financial products such as index funds and crypto ETFs loom on the horizon.

American multinational technology giant IBM has partnered with Global Citizen, an NGO dedicated to alleviating poverty, to sponsor a contest for a charity donation blockchain platform, a blog announcement states May 11.

According to a report from The Verge, Facebook is "Very serious" about launching its own native cryptocurrency.

A new ecosystem is bringing together professional traders, cryptocurrency holders and first-time investors in the crypto market - with the platform offering "Tailor-made products" for each of them.

Crypto Facilities, a UK-based cryptocurrency trading platform, has launched the "First regulated" futures contracts for Ethereum, the world's second largest digital currency by market capitalization, according to a press-release May 11.

South Korea continues to make news in the crypto space.

Canada's central bank, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada, completed tests showing blockchain can be used for instantaneous securities settlements, Reuters reports today, May 11.

The Brooklyn Project - the token regulation initiative headed by ethereum startup ConsenSys - wants to dispense with the concept of "Utility tokens" in favor of what it calls "Consumer tokens."

Facebook is reportedly "Exploring" the creation of its own cryptocurrency, news media outlet Cheddar reported May 11.

The cryptocurrency markets are set to end the second week of May on a low note.

CryptoSlate recently spoke to Alex Pasfield, the 14-year old developer behind Bitcoin Voice, a platform that has been built for the Bitcoin Cash and Bitcoin community to vote on important issues.

IBM and Global Citizen are issuing a challenge to the world's developers: use blockchain to revolutionize how donations are made to humanitarian causes.

The Chinese government announced it will publish a monthly "Independent analysis" of cryptocurrencies and blockchain projects at a Beijing conference May 11.

Spanish telecoms giant Telefonica has partnered with security technology startup Rivetz to develop smartphone security solutions for blockchain-based transactions and messaging, the companies announced on Thursday.