Blockchain & Digital Currency News | May 13, 2018
Today is May 13, 2018
Below is my fresh collection of useful articles about cryptocurrencies from various sources
Blockchain Week: Snoop Dogg, Dorsey Bring Crypto to the Masses
Even with the world’s best known virtual currency down more than 50 percent from it’s record high, thousands of advocates are expected to descend upon New York in what’s been dubbed Blockchain Week. Named after the decentralized computer ledger technology that’s been pitched as the solution to everything from inefficient financial transactions to global poverty, the affair represents a push to bring more blockchain jobs to the world’s financial capital. read more
Amazon & Microsoft’s Move to Blockchain: Centralized Companies Into Decentralized Ecosystem
Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies. see the full article
Bitcoin Bulls Look to Steady the Ship
Bitcoin gained 0.84% on Saturday, partially reversing Friday’s 6.71% slide, to end the day at $8,483.2.
It was only the 2nd positive day in the current week that has left Bitcoin down 12.2% Monday through Saturday. see the full article
A German bank is using Bitcoin to handle international loans
“Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,” he told Reuters. “With Bitbond, payments work independently of where customers are. Via internet it is very, very quick and the fees are low.” continue reading
Bitcoin conferences flood New York, bringing millions in ticket sales
Cryptocurrency conferences are still a massive business, even if bitcoin's price has plunged this year.
When it kicks off this week, one ticket to CoinDesk's Consensus three-day conference in New York City can cost roughly $2,000. Well over 4,000 are expected to attend, up from 2,700 attendees last year. So at a minimum, the conference is likely bringing in $8 million. see the full article
Great news events to lift Bitcoin this week.
Bitcoin turning. I trust a new high low was formed last week at about $8200