Crypto News: Market review.

CryptoIndex
cryptoindex.io
Published in
3 min readMay 6, 2019

Bitcoin has reached the threshold of 5500, states are starting to use the blockchain.

We have prepared a list of actual news for you.

⭐️Facebook ‘Has Spoken to Visa & Mastercard’ About a Token Launch

Social media giant Facebook appears to be drawing closer to the launch of its own cryptocurrency — and may have spoken to the likes of Visa and Mastercard about its forthcoming token.

⚡️Fidelity set to roll out Bitcoin trading “ Over the coming weeks”.

According to Bloomberg, inside sources say Fidelity Investments plans to launch a Bitcoin trading platform. Reports say the service will cater to the firm’s institutional clientele and not be available to retail traders.

❇️Binance completes BNB mainnet swap, burns 5 million ERC20 tokens

Binance announced that it has completed Binance Coin (BNB) mainnet swap meaning that the users can now deposit and withdraw the BNB tokens that exist natively on Binance Chain. Earlier today, Binance burned 5 million ERC20 tokens and allocated BEP2 (native) BNB tokens to its wallets.

Binance will continue to support the deposit of ERC20 BNB to let users convert to BEP2 for the foreseeable future but encourages to convert within 90 days (until mid-July). As more users convert their ERC20 tokens to BEP2, more BEP2 will be released and the same amount of ERC20 BNB will be burned. Binance will no longer support the withdrawal of ERC20 BNB starting from April 23rd, 2019.

This will help improve tokenomics.

🌟Microsoft launches Azure for AI and blockchain

Software makers should have an easier time bringing blockchain and artificial intelligence to the masses, thanks to new offerings from Microsoft.

🗓Pepsi Blockchain Ad Campaign Proves Successful

The test-ad came from the media agency, Mindshare. The experience was part of a project dubbed, Project Proton. The aim of the project is to use “smart contracts” that allow for businesses to only pay for authentic and brand safe ad impression free from ad fraud. It was hoped that the campaign could help stretch advertising budgets and improve transparency.

Conclusion

All news show neutral prospects. Negative news declined. Bulls and Bears get ready for a new rally.

Stay tuned for more updates!

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