If today's #news was a Shakespearean drama, you'd get to see Poloniex perform a scene from Macbeth, without the ghosts. And if it was a Spanish sport, you'd see a bullfight. But, of course, it's neither of those things. It's just #crypto in all its glory. So enjoy, my friends.
Crypto News
#Poloniex is first in the line up. And, no, he did not appear in the second scene of Hamlet. In fact, he's never been near a Shakespearean script. We're talking the cryptocurrency exchange, and this week they decided to go all KYC on everybody, and I don't mean Kentucky Fried Chicken. KYC is a reference to Know Your Customer, a set of rules that dictates how financial institutions are supposed to behave, so Poloniex decided to limit accounts to $2,000 withdrawals. I wonder if they really know their customers.
#Ripple isn't torn between two lovers, but she is being passed around. In this case, InstaReM and BeeTech, a couple of fintech companies on opposite sides of the world, are using xCurrent and xVia to create a payment corridor between Latin America and Asia.
Good thing we're at the end of May. Now we can report on May things. Such as the cool reversal in how #ICO fundraising is trending. It seems this month initial coin offerings saw the first month-over-month increase this year.
Apparently, Japan has a problem with privacy, which is why they've decided to ban cryptocurrencies that offer privacy as a feature.
And #Binance, after moving to Malta, decided to expand across Africa. Geez, what a roustabout.
Crypto Analysis
I hope you like the races. I love them. Especially when there's a clear winner. But in some races, you have to wait a long time for the true winner to emerge. Such is the case with the race for blockchain patents.
The Next Web asked what it costs to launch a 51% attack on proof-of-work currencies, and did they get an answer!
We all know there has been a lot of volatility in the crypto markets. Despite that, however, one investor place says cryptocurrency trading will soar to the moon.
They may be right. Institutional interest in crypto is growing, which I think is a good thing because more institutional money will mean greater pressure to regulate, which will lead to less volatility and more stability.
Of course, there are bulls and bears. Always will be. But here's a hard look at #Bitcoin and #Ethereum bulls. Are they taking it back?
Some in the space are saying human-readable addresses will simplify crypto transactions. Not only that, but if they can make them secure, it should lead to greater interest in #cryptocurrencies.
Then there's HTC, the company creating a smartphone for crypto trading. Could this lead to a new market trend? I certainly hope so.
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As you know by now, I get no compensation for mentioning companies in this post. I am a paid #editor at Blockchain Times and have no biases. Peace, easy, out.