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Cryptocurrency Daily Roundup - May 10

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Cryptocurrencies are moving higher Thursday morning, extending the upward trend from Wednesday. More encouraging comments came from the mainstream with the Nasdaq CEO saying cryptocurrencies are a right fit for the currency space.

Here is wrap of the main news from the crypto and blockchain world over the past 24 hours.

Nasdaq CEO Says Crypto 'Right Next Step' In Currency Space

Adena Friedman, Nasdaq CEO, said cryptocurrencies and blockchain technology hold lot of promise for the future of the finance, though it remains to be seen which all digital currencies will survive the last mile. Digital currency is likely to play a major role in the economy in future, Friedman told CNN's Poppy Harlow in the Boss Files series. Read more...

Bloomberg, Michael Novogratz's Galaxy Digital Launch Crypto Benchmark Index

Financial news provider Bloomberg has joined with Michael Novogratz's crypto merchant bank Galaxy Digital Capital Management LP to launch the Bloomberg Galaxy Crypto Index or BGCI to track ten major cryptocurrencies. The latest move aims to provide transparent benchmarking for cryptocurrency investors. Read more...

Telecom Majors Join Blockchain Settlement Trial

Major telecom companies from the ITW Global Leaders' Forum (GLF) have joined a Blockchain Settlement Trial that aims to reduce costs in the telecoms industry. BT, HGC Global Communications, Telefonica and Telstra are among them. Read more...

China Finds Blockchain Best For Logistics, Government And Healthcare: Survey

A market survey in China conducted jointly by PwC and VeChain shows that logistics, government and medical industries stand to benefit most from resorting to blockchain technology. Traditional industries such as retail, education and science were found to be more optimistic about the potential of blockchain than new technology industries. Read more...

Merit Launches Invite-Only Cryptocurrency

Non-profit organization Merit Foundation introduced its digital currency, MRT, and wallet. It announced $1 million self-funding to support its non-profit business model. A person with access to the Internet can use this cryptocurrency for daily activities such as splitting a restaurant bill or buying clothing online. Read more...

Virtual Crypto Launches Mobile App For Faster Validation Of Crypto Transaction

Israeli start-up Virtual Crypto Technologies Ltd. has launched a new mobile app Bit4Sure which will provide a faster cryptocurrency transaction confirmation solution for consumers. Virtual Crypto is a developer of software and hardware for the purchase and sale of cryptocurrencies through ATMs, tablets, PCs and or mobile devices. Read more...

Crypto Youtuber Launching Bitcoin-funded TV Series

A cryptocurrency YouTuber plans to launch a Bitcoin-funded television series. Jason Appleton, popularly known as Crypto Crow, said on Twitter that he signed an agreement with CBS Television Networks to broadcast 13 episodes of the series, titled "Crypto Crow Show." Read more...

Tutorial: Crypto Lexicon - YOLO

YOLO is an internet slang that is short for You Only Live Once. In the crypto world, YOLO means you are going all in on trading a coin that you hopes will be a huge success. Read more...

Current Prices

As of 9.56 am ET on Thursday, Bitcoin was up 1.05 percent at $9,357.12 and Ethereum was higher by 2.51 percent at $763.69 on Coinbase.

Look for Crypto Weekly Roundup on Friday

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