Cryptocurrencies Market Overview - May 22, 2018

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Today in the news:

Today is Bitcoin Pizza Day!
Most cryptocurrencies are priced in red, but STEEM is doing great today: +5.1%
Argentina's Banco Masventas will enable customers to send cross-border payments using bitcoin.
The former CEO of Visa in the UK and Ireland has joined a new cryptocurrency startup that hopes to make spending crypto an everyday occurrence.
And more crypto news below...

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Latest Crypto News - May 22, 2018

Failed Bull Breakout Leaves Bitcoin Eyeing Drop to $8K

Bitcoin's failed bull move on Sunday has left the doors open for the bears to make a comeback.

_{Read more: www.coindesk.com}

More sources about Bitcoin's price:

Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends

A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments

Argentina's Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin.
_{Read more: www.coindesk.com}

Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium.
_{Read more: www.ccn.com}

More sources:

The former CEO of Visa UK is joining a startup that wants to help people spend cryptocurrency

Bitcoin Pizza Day is celebrating a food order that would now be worth over $83 million

In what may be the most niche celebration in the world, today marks Bitcoin Pizza Day. For crypto enthusiasts, it marks eight years exactly since 10,000 bitcoin (BTC) was used to buy two pizzas. At the time, it was worth the equivalent of $41. Now, the same amount is worth over $83 million.
_{Read more: www.newsweek.com}

More sources:

A UK trading platform is launching a crypto exchange pitched at banks and hedge funds

The UK foreign-exchange trading venue LMAX Exchange is launching a cryptocurrency exchange for institutional investors.
_{Read more: www.businessinsider.com}

Seoul Mayor Pledges Blockchain Boost in Re-Election Push

Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.
_{Read more: www.coindesk.com}

Ohio Could Become Next US State to Legally Recognize Blockchain Data

A bill proposed by an Ohio Senator would let the state legally recognize blockchain records and smart contracts.
_{Read more: www.coindesk.com}

China State TV: Token Sales Still 'Rampant' After Central Bank Ban

China's highest-level state media outlet has said token sales are still common in the country despite a 2017 ban.
_{Read more: www.coindesk.com}

Bank of England Issues Working Paper on Central Bank Digital Currencies

On May 18, the Bank of England released a staff working paper, laying out various scenarios of possible risks and financial stability issues of central bank digital currencies (CBDCs).
_{Read more: cointelegraph.com}

Mainnet Fever: Which are the Hottest Projects Launching Soon

Breaking out with a brand-new blockchain in 2018 is coming within days for TRON, EOS, and other prominent projects.
_{Read more: cryptovest.com}

Steem Technical Analysis: Trading Support Holds Strong As Platform Celebrates 1,000,000 Account Registrations

STEEM survives the market haircut today unscathed, in tune with the platform surpassing the 1,000,000th account benchmark.
_{Read more: cryptovest.com}