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Cryptocurrency Daily Roundup - May 17

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Cryptocurrencies were in the green Thursday morning, after a lackluster show a day earlier. Sentiment recovered following the news of more mainstream acceptance for cryptocurrency and the liberal stance that regulators signaled during the Consensus 2018 meet that concluded in New York on Wednesday.

Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

US Regulators Tout "Open-door Policies" For Token Sales

The heads of two US regulatory agencies have said their agencies had "open-door policies" for those trying to launch token sales. Commodity Futures Trading Commission (CFTC) enforcement director James McDonald and Securities and Exchange Commission (SEC) Enforcement Division Cyber Unit chief Robert Cohen made remarks during a panel discussion at CoinDesk's blockchain conference 'Consensus 2018' in New York. Read more...

Social Trading Platform EToro To Launch Crypto Offerings In The US

Israeli social trading platform eToro is officially launching cryptocurrency offerings in the U.S. later in 2018. It will be rolling out a crypto wallet starting with selected users this weekend and will be launching a crypto exchange later this year. In his keynote speech at the Consensus 2018 conference in New York, eToro CEO Yoni Assia announced that the company "will be opening to U.S customers and will be releasing a crypto wallet on eToro this week to selected customers." Read more...

Cambridge Blockchain Raises $7 Mln In Investment

Cambridge Blockchain, Inc, an enterprise data management and digital Identity Startup, said it raised $7 million in Series A equity financing, led by HCM Capital, the venture arm of Foxconn Technology Group, the manufacturer of Apple's iPhone. In the investment round, HCM was joined by venture capital firms Partech Ventures and Digital Currency Group. Read more...

KuCoin Lists Oyster Shell Token

KuCoin, a Singapore-based cryptocurrency exchange, announced on Thursday that it listed Oyster Shell, the new token of Oyster Protocol, a website monetization and distributed storage solution built on the IOTA Tangle and Ethereum blockchain. Oyster Protocol has two utility tokens - Oyster Pearl, or PRL, and Oyster Shell. Pearl is an earlier Oyster token that is used for static data retention on the IOTA Tangle. Read more...

Major Companies See 'Compelling Case' For Blockchain: Deloitte Survey

Major organizations see a "compelling business case" for the use of blockchain, according to a new Deloitte LLP survey. It shows that many of these corporations are moving forward with the technology and may take some major steps over the next year. Read more...

Bitcoin Power Consumption Almost Equal To A Country's Total Use

The Bitcoin network is consuming around 2.55 gigawatts of energy annually, which is 0.5 per cent of the world's total electricity consumption, a study has found. Interestingly, that's nearly enough to meet the demand for power of a country - Ireland. In the future, the Bitcoin network could be using almost triple that amount, or 7.67 gigawatts, according to a letter published in the energy journal Joule by financial economist and blockchain expert Alex de Vries. Read more...

BitBoost To Launch Blockchain-based Global Marketplace

Swiss firm BitBoost is set to launch a blockchain-based decentralized global marketplace in June. This will be built using Ethereum's smart contracts to enable buyers and sellers to connect directly. Read more...

US Crypto Company Founders Indicted For Securities Fraud

A Federal court in Manhattan has indicted the founders of a cryptocurrency-related start up company for defrauding investors in the name of unregistered securities. Florida residents Sohrab Sharma, 27, Raymond Trapani, 27, and Robert Farkas, 31, were arrested last month based on criminal complaints filed by the U.S. Attorney's Office in Southern District of New York. Read more...

Crypto Lexicon - ICO

ICO is short for initial coin offering. This is a public offering of a cryptocurrency or token to early investors, who can buy them with leading cryptos such as Bitcoin and Ethereum. Read more...

Current Prices

As of 10.05 am ET on Thursday, Bitcoin was up 0.29 percent at $8,300 and Ethereum was higher by 0.69 percent at $702 on Coinbase.

by Jyotsna VRTTNews Staff Writer

For comments and feedback: contact editorial@rttnews.com

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