The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week’s trending crypto news!
Trending Crypto News | May 14 – May 18
Coins on the crypto markets started Monday both in the green and the red. While Ripple (XRP) found itself up during the day, Cardano (ADA) found itself down.
Monday was the first main day of Consensus 2018, and it was there Ripple (XRP) announced its brand new initiative, deemed the Xpring project.
Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D
— Ripple (@Ripple) May 14, 2018
Further, Monday also saw announcements like OKEx surpassing Binance as the top crypto exchange, and various Deloitte veterans announcing that they are rolling out a tokenized exchange.
Most of the top-ten coins took a plunge on Tuesday. This includes Ripple (XRP) and Tron (TRX). Despite that, there was still quite a bit of trending crypto news to come out of the day.
For starters, Ripple hosted its XRP Community Night at Consensus 2018 Tuesday night. Additionally, Tuesday also saw announcements regarding Stellar (XLM). Specifically, IBM and Veridium announced that it will be using Stellar’s public blockchain for tokens.
Veridium's Todd Lemons joins Van Kralingen on stage: "We plan on using IBM blockchain technology to issue and manage tokens on the Stellar network."#Consensus2018 #BlockchainWeekNYC
— Annaliese Milano (@AnnalieseMilano) May 15, 2018
Also disclosed on Tuesday were the following announcements:
– Coinbase Launched 4 New Products
– Amazon Web Services announced that it partnered with ConsenSys
– eToro Expanding Trading to the United States
Similar to Tuesday, coins on the crypto markets were a sea of red Wednesday. Bitcoin Cash (BCH) was down, so was Bitcoin (BTC).
As for trending crypto news, Wednesday saw announcements like Brian Kelly starting a Blockchain ETF with REX Shares, and the SEC launching a fake initial coin offering website. Why? To educate the masses.
Thank you @BKBrianKelly and @NYSE! We are excited to launch $BKC in partnership with you. Press release announcing launch can be found here: https://t.co/sWR1j3uYPz #Crypto #Blockchain #Equity #ETF https://t.co/V8JQLQuLtN pic.twitter.com/42uxcgnZeV
— REX Shares (@REXShares) May 16, 2018
Coins were back in the green Thursday. It was a fairly quiet day, with Consensus 2018 ending. However, there were a few bits of trending crypto news that surfaced Thursday. Some of the top crypto announcements included:
– Civic Rolling out a Decentralized Blockchain ID System
– Changelly Reinstating Verge (XVG)
Verge $XVG is finally back on Changelly! Buy it now at the best rate to do nothing tonight 😉 @vergecurrency
— Changelly.com (@Changelly_team) May 16, 2018
It’s another slow day on the market, with most coins in the red again. That said, there is some trending crypto news. For instance, it was announced that Switzerland is calling for a study on state cryptocurrency.
Switzerland's government has requested a study on a potential state-backed digital currency.
Money will be 100% digital within 5 years 🚀
— Pomp 🌪 (@APompliano) May 18, 2018
The Trending Crypto News Takeaway
Did you have a favorite piece of trending crypto news? Did I miss anything crucial from this week? Let me know.
Featured Image: Depositphotos/© zephyr18
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