Cryptocurrencies Market Overview - May 17, 2018

Today in the news:

• China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. Ethereum 1st, STEEM 2nd and Bitcoin 13th.
• Jack Dorsey, CEO of Square and Twitter, wants his company to be at the forefront of getting cryptocurrencies like bitcoin adopted as global means of payment.
• Apple’s co-founder Steve Wozniak has commented positively about Bitcoin and blockchain technology.
• The SEC has launched a fake ICO website to educate investors.
• And more crypto news below...

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Latest Crypto News - May 17, 2018

Chinese IT Ministry Cryptocurrency Ratings Released: Ethereum 1st, Bitcoin 13th of 28

China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. The “domestic experts” awarded Ethereum 1st and Bitcoin 13th out of 28 places May 17.
_{Read more: cointelegraph.com}

More sources:

• China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at #13
• China Reviews Blockchains: How Some Leading Coins Stack Up
• China’s Ministry Rates Ethereum as the Top Public Blockchain

Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump

The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market.
_{Read more: www.ccn.com}

The SEC Just Launched a Fake ICO Website to Educate Investors

The U.S. Securities and Exchange Commission wants to make sure investors know what a scam ICO looks like. Even if it has to launch its own.
_{Read more: www.coindesk.com}

More sources:

• SEC Launches Mock ICO to Show Investors Warning Signs of Fraud
• US Government Launches Scam Crypto Site
• SEC Launches Parody ICO, Clayton to Resign When?

Bitfinex Starts Sharing Customer Tax Data with Authorities

Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir.
_{Read more: news.bitcoin.com}

Steve Wozniak: Bitcoin And Blockchain Will Achieve Full Potential In a Decade

Apple’s co-founder Steve "Woz" Wozniak has commented positively about cryptocurrencies and blockchain technology in his opening speech at the WeAreDevelopers World Congress 2018 in Vienna, Austria.
_{Read more: cointelegraph.com}

Jack Dorsey Hopes Bitcoin Will Become Web's 'Native Currency'

Is bitcoin destined to become the default currency of the Internet? Square's Jack Dorsey hopes so.
_{Read more: www.coindesk.com}

More sources:

• Twitter CEO Jack Dorsey Reaffirms Bullish Future on Bitcoin, Crypto as Global Payment
• Twitter CEO Reaffirms the Future of Cryptocurrencies
• The internet 'needs a native currency' and Jack Dorsey wants to help it be bitcoin

Bitcoin Mining Could Use 0.5% of World’s Electricity Energy in 2018

A recently released peer-reviewed article by blockchain evangelist and financial economist Alex de Vries deployed a novel methodology to determine Bitcoin’s energy usage a few years from now, and the estimated results are certainly astonishing.
_{Read more: www.ccn.com}

More sources:

• Bitcoin Mining to Use 0.5% of World’s Energy by End of 2018, Peer-Reviewed Research Shows
• Bitcoin will use 0.5% of world’s electricity by end of 2018, finds study

Japanese Messaging Platform Line Partners With Korean Crypto Icon (ICX)

When crypto companies announce large partnerships their tokens usually head skywards. This has not been the case for South Korea’s Icon when news broke of a new partnership with Japan’s messaging giant Line. Seemingly gone are the days when a good news story or a social media shill would pump an altcoin.
_{Read more: ethereumworldnews.com}

More sources:

• 200 Million Users Messaging Giant LINE Partners Blockchain Project ICON
• ICON and LINE collaborate to build blockchain network
• ICON (ICX) Announces Massive Partnership with LINE to Create 'Unchain'

Bitcoin Price Can Hit Previous Highs After ‘Structure’ Improves: CoinShares CEO

UK cryptocurrency investment products and research provider CoinShares believes Bitcoin will hit previous highs after people “build” on the ecosystem, its CEO said May 16.
_{Read more: cointelegraph.com}

More sources:

• Bitcoin will surge again this year. But here's what needs to happen first, says CoinShares chairman

PayPal CFO Says Merchants Aren’t Interested in Crypto Due to Volatility

John Rainey said that PayPal currently doesn’t see much interest in digital currencies from their merchants, who are scared away by volatility.
_{Read more: cointelegraph.com}

EOS Added to Komodo Barter DEX

The Komodo project was given the most points for innovation in a new Chinese study of blockchains, which rated the 28 top networks. The latest feat for the Komodo Barter DEX, which relies on atomic swaps, is to add the EOS digital asset.
_{Read more: cryptovest.com}

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