Bitcoin SV Surges After Craig Wright Files Bitcoin Patents
Craig S Wright has filed two patents that concern the authorship of Bitcoin. He claims to be the originator of both the whitepaper of Bitcoin and of the original code of Bitcoin. Wright made the registrations on the 11th of April and the 13th of April this year. After Cointelegraph reported about this the price of Bitcoin Satoshi’s Vision began to surge. The price tanked incredibly by nearly 100% from around $60 to about $120 for a short time time. However, the patents are only registrations.
Happy Bitcoin Pizza Day!
Today is the 9th anniverserary of the Bitcoin Pizza day. On the 22nd of May 2010, the developer Laszlo Hanyecz paid a Papa Johns pizza with 10,000 BTC, around $78 million USD at today’s price. At that time no one was really sure how to value Bitcoin’s price. The day of this early purchase with Bitcoin (though not the first) has become a memorable day in the crypto space. You can find the transaction here.
Bear & Bull Struggle at the $8000 Resistance – Watching Lows
The $8k resistance is significant for the market. The trading range is low and the volume keeps diminishing. Is that a bullish sign or a bearish sign. For now it means that the momentum has lost traction. However, there are also still bullish signs that persist. This is why you need to keep an eye on the lows.
Blockchain Adoption: Calastone Adopts A Fully Distributed Funds Management Platform
Calastone, on Monday (May 20, 2019) unveiled its iconic Distributed Market Infrastructure (DMI) that is powered by Blockchain. The firm which is a major player in the UK and global mutual funds industry is set to onboard its 1,800 clients into its new Blockchain platform as it radically overhauls managed transactions. At the industry level, Calastone’s decision to develop and deploy the DMI platform was informed by the finding that Blockchain has the potential to save up to $4.3 billion (£3.4 billion). Hence, the company aims to spearhead Blockchain adoption in the managed mutual funds as a pioneering innovator.
European Central Bank: Cryptos Do Not Cause Financial Instability
Cryptocurrencies have for long been viewed as a threat to financial stability in the world. This is due to the fact that they are both assets and currencies (according to different investors) that are disrupting the centralized financial economy. Since they are prone to volatilities in bearish cycles, massive devaluation can trigger widespread economic hazards from Crypto-based wealth devaluation which can cause financial instability. However, the European Central Bank (ECB) is refuting this notion in a publication that says that Digital Tokens have no impact of financial stability both in the Euro Zone and globally.