Cryptocurrency Monthly News: May 2020

Halving

Bitcoin
Halving

— Bitcoin undergoes a halving for the third time in its history

TON

TON
project

— Telegram pulls out of the TON project, so what does the “T” stand for now?

Milestones & Events

2 May May.

Coinbase report argues that disruptions during the pandemic highlight Bitcoin’s advantages over gold

4 May May.

Iran’s parliament votes to institute a new currency as Bitcoin’s price skyrockets locally

6 May May.

The Libra Association hires a new CEO who enforced Anti-Money Laundering under two U.S. presidents

8 May May.

Hedge fund manager Paul Tudor Jones buys into Bitcoin as a hedge against inflation

10 May May.

$270 million in longs get liquidated as the pre-halving hype backfires on investors

12 May May.

Coinbase and Gemini reportedly had their accounts approved with JPMorgan Chase in April

14 May May.

CoinMarketCap’s new web traffic metric puts new owner Binance at the top spot, enraging competitors

18 May May.

Andreessen Horowitz outlines key metrics to show the crypto industry is growing steadily

20 May May.

A wallet containing 50 Bitcoin mined in 2009 comes to life — was it Satoshi?

22 May May.

Russian politicians suggest fines and prison terms of up to seven years for crypto involvement

24 May May.

Trezor, Ledger and KeepKey deny reports that their customer databases were hacked

29 May May.

A U.S. think tank working toward a digitized dollar releases its white paper

May market stats From Coin360

Numbers of the month

$25 trillion

— U.S. debt keeps climbing as those who invested stimulus checks into Bitcoin see great returns

7 hours

— YouTube pulled the plug on Cointelegraph’s halving party livestream

$30 million

— This is how much BTC the Grayscale Bitcoin Trust is accumulating per week

6 blocks

— This is how many Bitcoin blocks were mined consecutively by F2Pool

Quotes

Get gold silver Bitcoin and SAVE YOURSELF.

Robert Kiyosaki

Rich Dad Poor Dad author

I definitely think that there’s a role for blockchains — and Ethereum in particular — to play in being this kind of neutral global player.

Vitalik Buterin

Ethereum co-founder

He [Schiff] tweets more #bitcoin than gold. And his commenters/followers are all bitcoin people. He is the sheep in wolf’s skin.

Changpeng Zhao

Binance CEO

It’s probably the oldest coins ever spent, so it’s mostly fascinating that someone managed to hold onto them for over a decade.

Jameson Lopp

Casa co-founder and chief technology officer

Buzz of the month

50 Bitcoin mined in 2009 moved for the first time

The crypto community is still looking for the one who did it, but many are sure it was not Satoshi

John McAfee says he is 99% sure who Satoshi Nakamoto is

Chicago-based crypto exchange ErisX notifies its members and participants that it will start offering trading on Ether futures in the U.S.

Harry Potter author J. K. Rowling tweets, "I don’t understand Bitcoin," adding, "Please explain it to me." Happy to help!

Adoption & Tech

The Bank of France announces the first successful test of a digital euro

France becomes the first country to successfully trial a digital euro operating on a blockchain

Country-level

United States, China, France and more

R3 claims central banks are not interested in central bank digital currencies

A bill asks the U.S. Congress to put together a massive survey on the state of blockchain adoption

The People’s Bank of China is eager to speed up blockchain adoption in the country

The Bank of Korea says blockchain development pushes banks toward adopting crypto

The Bank of Lithuania reveals ambitious plans to develop a blockchain platform

Enterprise-level

BBVA, Visa and more

BBVA bank is exploring ways to use zero-knowledge proofs in its products

A top Polish insurer taps blockchain to reduce its amount of paperwork

China's demand for Australian meat allows traceability platform to beef up blockchain use

Visa files a patent to create a digital currency, potentially Ethereum-based

Latin America’s largest investment bank issues real estate tokens via Tezos

Major regulation updates

Updates:

Restrictive

Permissive

Drafts:

Restrictive

Permissive

Drafts or updates or both:

BOTH Restrictive and
Permissive

Official Updates:
Restrictive and Permissive

U.S.A.

The U.S. Securities and Exchange Commission introduces temporary changes to crowdfunding regulations for the duration of the coronavirus pandemic

Albania

Albania passes new comprehensive law written by the Minister of Finance and Economy

India

India’s exchanges continue the legal battle to establish a clear regulatory framework

China

Bitcoin is not protected by Chinese law, but other Chinese courts have different views

Netherlands

Unregistered Dutch crypto firms to face penalties if they do not fall into line with the nation’s Anti-Money Laundering laws

Restrictive

India

India’s exchanges continue the legal battle to establish a clear regulatory framework

China

Bitcoin is not protected by Chinese law, but other Chinese courts have different views

Netherlands

Unregistered Dutch crypto firms to face penalties if they do not fall into line with the nation’s Anti-Money Laundering laws

Permissive

U.S.A.

The U.S. Securities and Exchange Commission introduces temporary changes to crowdfunding regulations for the duration of the coronavirus pandemic

Albania

Albania passes new comprehensive law written by the Minister of Finance and Economy

Drafts and Ideas:
Restrictive and Permissive

U.S.A.

The U.S. Congress considers the idea of introducing blockchain-based online voting

U.S.A.

New legislation in California may help establish definitions of digital assets as securities

U.S.A.

The Proof of Stake Alliance engages with U.S. regulators over standards for PoS protocols

Iran

Iran’s president tasks officials to draft a national crypto mining strategy

U.S.A.

The Louisiana BitLicense could become a reality very soon

The European Central Bank calls for proactive regulation of stablecoins in a report

Restrictive

The European Central Bank calls for proactive regulation of stablecoins in a report

Permissive

U.S.A.

The U.S. Congress considers the idea of introducing blockchain-based online voting

U.S.A.

New legislation in California may help establish definitions of digital assets as securities

U.S.A.

The Proof of Stake Alliance engages with U.S. regulators over standards for PoS protocols

Iran

Iran’s president tasks officials to draft a national crypto mining strategy

U.S.A.

The Louisiana BitLicense could become a reality very soon

Educate your friends!

Twitter

Facebook