POKKET: Crypto Market Update (May 19)

crypto news, bitcoin price

Bitcoin price is down -8.0% to $41200 while ETH is softer -4.0% to $3235.

The OCC signals it may be less crypto-friendly than Brian Brooks’ regime, as the new Acting Comptroller of the Currency Michael Hsu has ordered a review of the moves the agency made to authorize cryptocurrency custody companies with banking licenses.

MicroStrategy has acquired another $10M in Bitcoin at average price of $43663. Saxo Markets, an arm of Saxo Bank, has launched trading of BTC, ETH and LTC against major currencies.

Yesterday marked the 11-year anniversary of the first purchase made with Bitcoin for pizza, and to celebrate Pomp has launched ‘Bitcoin Pizza’ which is ironically only attainable through fiat payment.

Fox has announced an NFT company, Blockchain Creative Labs, and a blockchain-based animated series created by Rick and Morty co-creator Dan Harmon.

Lastly, Sotheby’s is hosting a dedicated group auction for NFTs next month, planning works from Pak, Robert Alice and the Crypto Punks collection.

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