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Cryptocurrency Daily Roundup - May 20

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Here is a summary of some of the select stories on cryptocurrency and blockchain during the past 24 hours.

Cryptocurrencies pose no threat to euro zone financial stability: ECB

A study conducted by The European Central Bank's (ECB) Internal Crypto-Assets Task Force (ICA-TF) finds that the combined value of crypto assets is small relative to the financial system, and their link with the financial sector are still limited. There are no indications so far that banks in the EU have systemically-relevant holdings of crypto-assets, according to the study.

Coinbase Earn Expanded To 100+ Countries

Coinbase Earn, one of the digital currency exchange's ventures that allows users to earn while learning about cryptocurrencies, has been expanded to more than 100 countries. Introduced in 2018, Coinbase Earn will require users to answer quizzes, complete tasks, and try new decentralized protocols pertaining to some cryptocurrencies. Users can sign up to Coinbase and start earning immediately upon ID verification and meeting Earn eligibility criteria.

Kik CEO Says Over $5 Mln Spent On Negotiations With SEC

Messaging startup Kik has spent over $5 million on its ongoing negotiations with the U.S. Securities and Exchange Commission related to the firm's fundraising initiative in 2017, CoinDesk reported quoting Kik CEO Ted Livingston. In an interview with the cryptocurrency news outlet at Token Summit in New York, Livingston said that both his company and the regulator have been in talks since late 2017 following its initial coin offering.

ABB, Italian utility Evolvere launch blockchain pilot in Solar Energy

Swiss engineering major ABB Ltd. teamed with Italian utility Evolvere to launch a blockchain pilot project to explore transparent, secure peer-to-peer solar energy transactions, media outlet PV Tech reported. The companies will test the potential of blockchain technology in solar systems. The blockchain technology was developed in partnership with Prosume.

Binance Chain In Deal With Chiliz Token

Blockchain software system Binance Chain teamed with Chiliz ($CHZ), a digital currency for sports and entertainment platforms, to expand tokenization of sports teams. Binance Chain is the new blockchain from cryptocurrency exchange Binance. The Chiliz token is primarily used as a native token of the popular blockchain-based tokenized sports fan engagement platform, Socios.com. The platform is powered by Malta-based esports voting platform ChiliZ.

Current Prices

As of this writing, Bitcoin is down 2.13 percent or $169.62 at $7819.46 on Coinbase. Ethereum is declining 3.70 percent or $9.48 at $247.15.

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