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POKKET Weekend Reading: This Week in Crypto 15 May

This Week in Crypto 15 May

Bitcoin halvened to a disappointed crowd this week, as it failed to deliver on the hopes of its fans to reach “to the moon”. Bitcoin’s volatility spiked before the halvening but calmed down as the week progressed. Alts however, are still struggling to keep up.

In other news, Harry Potter author JK Rowling opened the Twitter Pandora’s box, when she asked to explain Bitcoin to her on Twitter. Even Elon Musk chipped in with his own explanation, while others failed spectacularly.

While you’re at it, check out our interest rates including our top 10 earning tokens below.

Here are this week’s highlights

Visa Applies For Digital Dollar Blockchain Patent

The U.S. Patent and Trademark Office (USPTO) published today that Visa has filed a patent application to create digital currency on a centralized computer using blockchain technology. This patent applies to digital dollars as well as other central bank digital currencies such as pounds, yen, and euros and so the physical currency of a central bank anywhere in the world could be digitized…

First State-Owned Entity Joins Libra Association

Temasek, one of Singapore’s two government-owned investment vehicles, is among the latest companies to join the Libra Association, the consortium Facebook set up to create a global digital currency…

JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services

JPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two clients being Coinbase and Gemini exchanges. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon, changed his mind about bitcoin…

$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’

Cryptocurrency hedge funds’ assets under management more than doubled in 2019, according to a new survey by PWC and Elwood Asset Management Services Ltd. Entitled “2020 Crypto Hedge Fund Report,” the document was published on May 11, the day of the third Bitcoin halving…

Chinese Court Rules Bitcoin Is Asset Protected by Law

A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under Chinese law; the court disagreed, citing documents by the central bank, the People’s Bank of China (PBOC)…

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