POKKET Weekly News: This Week In Crypto (18–24 May)

Bitcoin volatility declined further this week. Now it’s back at the level last seen late April, before the halvening related volatility spike.

In other news, last Friday market the 10 year anniversary of “Bitcoin Pizza Day.” On May 22, 2010, when bitcoin was a little over a year old, a developer named Laszlo Hanyecz bought two pizzas for 10,000 BTC. That’s a $45 million pizza today. Still, he has no regrets.

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

Here are this week’s highlights

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

Top Chinese political advisers have proposed a regional digital currency that would be backed by four major Asian currencies including the Japanese yen, Korean won, Hong Kong dollar and the yuan…

US Lawmaker Proposes Legislative Groundwork for National Blockchain Strategy

A U.S. lawmaker wants the federal government to begin considering a national blockchain strategy. Guthrie calls for recommendations on state-level blockchain adoption, business sector blockchain adoption, blockchain development plans, risk mitigation strategies, legislative frameworks and how to consolidate potentially prohibitive federal statutes…

Brazil Regulator Votes to Continue Probe Into Banks’ Rejection of Crypto Firms

On Wednesday, Brazil’s antitrust watchdog, the Administrative Council for Economic Defense (CADE), voted to continue its investigation of banks who denied financial services to crypto brokers in alleged violation of Brazilian competition law…

Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail

According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for using BTC in financial transactions…

Iranian President Calls for Launching a Cryptocurrency Mining Strategy

On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, in order for the country to prosper economically amid U.S. sanctions. Rouhani said that the energy department, the country’s central bank, and the finance minister need to devise a new scheme that welcomes bitcoin miners…

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