1. HTC Says Its Next Smartphone Will Run a Full Bitcoin Node
Mobile phone manufacturer HTC wants to let its smartphone customers plug into the bitcoin blockchain.
Speaking on Saturday at the Magical Crypto Conference in New York, HTC’s Phil Chen revealed a new low-cost version of its blockchain phone, the EXODUS 1s, announcing that the device will be capable of acting as a full node for the bitcoin network, meaning customers will store the entire blockchain’s data on their devices.
[Source: Coindesk] ✩✩✩✩✩
2. Altcoins post double-digit gains as bitcoin accelerates past $7,000
Altcoins across the board — including Ethereum, Bitcoin Cash, Litecoin, EOS, and Binance Coin — are surging as Bitcoin makes its ascent past $7,000.
[Source: Cryptoslate] ✩✩✩✩✩
3. US Senate Mulls Regulatory Implications of Facebook’s Mysterious Crypto Project
Recently, a buzz of excitement spread throughout the cryptocurrency community after news broke regarding social media giant Facebook’s foray into the crypto industry through a new project that may introduce the benefits of digital currencies to billions of the platform’s users.
Although this was certainly a bullish sign that many analysts viewed as the epitome of mainstream adoption for the nascent technology, the US Senate is now getting involved in the project, recently sending an open letter to the company demanding that they reveal significantly more information about the project, which currently remains somewhat mysterious.
[Source: NewsBTC] ✩✩✩✩✩
4. Germany Plans Major Digital Token Regulation Effort in 2019, Says Source
Germany plans to introduce draft regulations allowing blockchain bonds as soon as this summer, local daily business news outlet Handelsblatt reported May 9.
Citing Thomas Heilmann, the ruling coalition government’s dedicated blockchain correspondent, the publication revealed the new legislation has already gained mainstream momentum, with a summary paper already in existence.
[Source: Cointelegraph] ✩✩✩✩✩
5. UK Jurisdiction Taskforce (UKJT) to consult on crypto status and DLT under English law
A team of industry experts and other leading figures from the United Kingdom has been formed to deliberate on ways in which the blockchain technology can thrive within the legal sector. The government is aware of the “new and emerging technologies” that are “changing the way the legal profession thinks about delivering its work.”
[Source: FXStreet] ✩✩✩✩
6. BITCOIN IS 11 TIMES ‘FASTER’ THAN Litecoin.Com , NEW DATA REVEALS
One of the most common criticisms leveled against Bitcoin is that it is slow, at least compared to newer imitations. But its level of decentralization means just 6 transaction confirmations provide complete protection against double spending.
[Source: Bitcoinist] ✩✩✩✩
7. Novogratz: Bitcoin is complete, the battle for payments and Web 3.0 has begun
Galaxy Digital CEO Mike Novogratz took to the main stage at Ethereal to deliver some home truths about Bitcoin, Ethereum and saving the world.
[Source: DecryptMedia] ✩✩✩
8. U.S. investor awarded $75 million in cryptocurrency crime case
U.S. entrepreneur and cryptocurrency investor Michael Terpin won $75.8 million in a civil judgment against a 21-year-old man who Terpin said was part of a scheme that defrauded him of digital currencies, court documents showed on Friday.
[Source: Reuters] ✩✩✩
9. Huobi Global Partners With Reserve For New Token Sale: A Stablecoin For Venezuela
Huobi Prime has unveiled the third project on its premium token sale platform, a stablecoin project with ambitions to become a universal store of value and “the future of money”.
[Source: Cryptobriefing] ✩✩✩✩
10. Crypto Wallet Security Firm CURV Successfully Gets Insurance Coverage of $50 million via Munich Re
While mainstream financial analysts continue to bash the altcoin sector on a near daily basis, crypto-security firm Curv has silently been able to procure an insurance cover worth $50 million for its institutional clients from Munich Re.
[Source: Bitcoinexchangeguide] ✩✩✩
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