Daily Cryptocurrency Bulletin For Thursday, May 23, 2019

May 23, 2019 1:27 pm Published by

General News

Binance founder Changpeng Zhao is taking Sequoia Capital back to court for reputational damages against him after the VC investor’s case was dismissed last year. 

SIX, the Swiss national stock exchange group, is creating its own stablecoin – a crypto pegged to the Swiss franc – to facilitate transactions on the SIX Digital Exchange (SDX).

Israel’s Central District Court has ruled Bitcoin is an asset and not a currency, and thus subject to capital gains tax in a case involving a blockchain startup and the Tax Authority.

Russia’s National Settlement Depository (NSD) plans to launch its long-awaited digital asset ledger next month in Switzerland. At launch, D3ledger will track ownership of assets including a security token representing unregistered shares in a small healthcare company; Sora, a crypto developed by Japanese tech provider Soramitu; along with BTC, ETH and ERC-20 tokens. Notably, for BTC and ETH the assets will be provided as depository notes.


Abyss $0.010571 USD (27.66%) is one of the few coins in the green today after the gaming platform that rewards game devs for purchases announced they are teaming up with the creator of Fortnite – Epic Games. Mike Gamble, head of games licensing for Epic Games, said: “We’re delighted The Abyss has chosen to provide additional resources to Unreal Engine developers and publishers on its platform”. Unreal Engine is Epic Game’s development platform, which has built instances of the “Mass Effect,” “Batman” and “Medal of Honor” franchises. Developers on The Abyss will get access to the Unreal Developers Network, scaled to hundreds of millions of players.

Bitcoin $7,617.01 USD (-3.51 percent) can now be bought with cash at more than 2,200 locations as supermarket kiosk network Coinstar continues to rapidly expand its bitcoin-buying service – adding 100 new outlets in the last month and growing U.S. coverage to 21 states and the District of Columbia. CEO Jim Gaherity said the service had received “overwhelming” demand from both consumers and new retailer partners.

Bitcoin SV $100.02 USD (-3.09 percent) creator Craig Wright has had his copyright registration publicly dispelled by the U.S. Copyright Office as they do not “recognise” anyone as the inventor of bitcoin. A new petition on Change.orgaims to stop Craig Wright from laying claims to any authorship of the Bitcoin white paper or the Bitcoin code.

Ethereum $239.27 USD (-5.68 percent) interest rates for deposits on BlockFi are being halved from 6.2 percent to 3.25 percent, as the firm cites the ether lending market becoming “stagnant” over the last couple quarters. Contrarily, Bitcoin rates will increase to 2.15 percent from 2 percent for deposits over 25 BTC, whilst holdings between 0.5–25 BTC will continue to earn 6.2 percent. The firm cited the BTC market has “developed into a vibrant and growing field,” coinciding with BTC dominance ticking up to 57 percent. Meanwhile, global automotive supplier Bosch is testing an Ethereum-based solution for connecting machines via smart contracts. 

Ripple’s $0.372868 USD (-5.11 percent) XRP may soon be gaining support from Thailand’s Siam Commercial Bank (SCB). The bank is currently using xCurrent but has told users to “wait for further announcement” regarding XRP.

Tron $0.026705 USD (-5.98 percent) futures have officially launched on OKEx exchange. 

– WN.com, Jamie Saarloos

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