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Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Million Liquidated on BitMEX Major crypto exchange Bitstamp launched an investigation this week after a large bitcoin (BTC) sell order heavily impacted its order book. Bitstamp reported on the execution of the large bitcoin…

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How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data

Microsoft, one of the world’s largest software makers by revenue, is currently on a blockchain streak. This time, Microsoft presented a vast blockchain-related plan: a decentralized identity (DID) network built atop of the bitcoin network, which can potentially empower users all over the internet to take control over their personal data and content. Earlier in May 2019, the United States tech giant announced its brand new Azure Blockchain Service along with Azure Blockchain Development Kit for the Ethereum blockchain. It also teamed up with Starbucks to present the first use…

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Top 5 Crypto Performers: XEM, XLM, XTZ, BNB, IOTA

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data provided by HitBTC exchange. After the strong recovery of the past few weeks, this week saw some profit booking at the highs. However, unlike previous occasions, the dip has been shallow and some buying is visible close to support levels. This shows that the market sentiment is changing from sell…

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Platform Allows Users to Send and Receive Cryptocurrency With Gadget of Their Choice

sponsored A private digital currency provider says peer-to-peer technology ensures every user’s account is kept “out of reach to any prying eyes.” The team behind a private digital currency for secure payments says its goal is to make every consumer their own bank — enabling them to send and receive crypto with the gadget of their choice. Xeonbit says its peer-to-peer technology ensures that every user’s accounts and transactions are “out of reach to any prying eyes.” A feature known as “ring signatures” means public keys are shuffled in order…

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Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17. USD Coin is an Ethereum-based token compliant with the ERC20 standard that was first announced in May last year and released in September. Per this week’s announcement, the audit of the coin’s fiat reserves was conducted by major Chicago-based accounting firm Grant Thornton LLP. The report released by the firm states that as of April 30, 2019 at 11:59 p.m. Pacific Time…

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Blockchain as Key to Vienna’s Digital Future — Interview with Ulrike Huemer, CIO of Vienna, Austria

Austria is Europe’s leader in terms of applying modern day technology to better the all-around welfare of its citizens. Making cities “smart” and digital is a key part of transforming public goods and services in order to reach that goal. Vienna is especially keen on innovation, trying to find new solutions by way of digitization. Easy access and clear-cut benefits are key aspects to finding broad acceptance among Vienna citizens, making them willingly partake and help to better the transformation process.   To further the breakthrough of digital technologies and make…

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In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

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Russian Sberbank Demands Client Provide Data on Cryptocurrency Revenue

Russia’s largest bank Sberbank has requested that a client provide information on their income from cryptocurrency, the Russian version of Forbes reported on May 17. Co-founder of cryptocurrency trading platform Toxenbox.io, Vladimir Smerkis, told Forbes that the unnamed client received a letter from Sberbank requiring disclosure of their crypto revenue. The letter based its demand on Federal Law No. 115, “On Combating Money Laundering and Terrorism Financing.” The client had reportedly already informed the bank about their income from exchanging cryptocurrencies. Specifically, Sberbank wanted to know the client’s crypto wallet…

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Coinbase Earn Now Available to the Public in Over 100 Countries

Major crypto platform Coinbase has opened its Coinbase Earn program to the public in over 100 countries, according to a press release on May 17. As Cointelegraph reported, Coinbase first announced the program at the end of 2018 as an invite-only initiative. This pilot period let users earn cryptocurrency by learning about the ERC-20 token “0x” (ZRX). Coinbase stated that according to a survey they conducted, uninformed users were reluctant to invest in crypto but were eager to learn: “…one of the biggest barriers preventing people from exploring a new…

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Goxtrade Advertises Unaffiliated Staff and Misleading Contact Information

Purported bitcoin (BTC) exchange Goxtrade has been accused of being a scam, technology news publication TechCrunch reported on May 17. Chief among the report’s revelations is that Goxtrade takes photos of unaffiliated people from social media sites and compiles them to make its online staff gallery. Goxtrade reportedly even retains some of their real names. Amber Baldet, co-founder of blockchain startup Clovyr, is one person whose name and picture were featured on Goxtrade’s staff roster. She responded to the appearance on Twitter: “Fraud alert: I am not a developer at…

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