The second week of May is over, and a lot went down. Especially in the crypto industry. There’s some stuff the crypto community will want to reflect on over the weekend; so, here is this week’s top crypto news. 

Top Crypto News | May 7 – May 11 

Monday

The crypto markets started out on Monday as a sea of red. Dash (DASH), Ethereum (ETH), and Decred (DCR) were all down. So were Cardano (ADA), Tron (TRX), and Litecoin (LTC).

Monday saw announcements like Circle adding Monero (XMR) to its investment app, Microsoft revealing new blockchain tools, and Stephen Curry pairing up with CryptoKitties. 

We're thrilled to announce that 🏀 @StephenCurry30 and @CryptoKitties 😺 have joined paws for an exclusive collaboration!https://t.co/Hf7kCPKHKS

— Axiom Zen (@AxiomZenTeam) May 7, 2018

Tuesday

On Tuesday, coins were up and down. Monero (XMR) found itself in the red, while IOTA (MIOTA) shot up.

The top crypto news that came out of Tuesday was that Congress had a meeting that day to discuss the potential of blockchain. It was also announced on Tuesday that Oracle will be launching a blockchain platform later in May. 

Wednesday

Coins were up and down again on Wednesday, with the likes of Ethereum (ETH) and Stellar (XLM) in the green. Coins such as Ripple (XRP) and EOS found themselves in the red zone.

On Wednesday, the top crypto news was made up of the following announcements: the Bloomberg Galaxy Crypto Index was launched, the Winklevoss Brothers won their crypto exchange patent, and Facebook is reportedly looking at blockchain. 

Together with Galaxy Digital Capital Management LP, we've launched the Bloomberg Galaxy Crypto Index (BGCI), designed to track the performance of the largest, most liquid portion of the #cryptocurrency market: https://t.co/O13ake2gbk pic.twitter.com/kF8DRobdHQ

— Bloomberg Terminal (@TheTerminal) May 9, 2018

Thursday

On Thursday, alternative coins made waves. Altcoins like Bitcoin Diamond and Skycoin (SKY) soared, while more well-known coins like Bitcoin Cash (BCH) and Dash (DASH) also found themselves in the green. 

Thursday saw announcements like KODAKCoin announcing that it will commence fundraising next month, and the Bank of America CTO call out Bitcoin as a payment. The CTO said the cryptocurrency as a form of payment is “troubling.” It is not surprising comments like these became top crypto news. 

Friday

The crypto markets are a sea of red today. All of the top-ten coins by market cap are in the red zone, such as Bitcoin Cash (BCH) and IOTA (MIOTA). 

The day isn’t over, but that doesn’t mean there isn’t already top crypto news from Friday. Today, we have seen Crypto Facilities announce that it will launch Ethereum futures later today. Additionally, reports have surfaced that two lawyers created their own law firm dedicated solely to blockchain. 

Two lawyers have created DLx Law, a law firm exclusively focused on blockchain related issues. They also accept BTC & ETH for payment.

The industry is maturing & the virus is spreading 🚀

— Pomp 🌪 (@APompliano) May 11, 2018

The Takeaway

Do you have a favorite announcement from this week? Anything you were surprised to see happen?

Featured Image: Depositphotos/© mdkhalil1

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