Traffic On The Of The World’s Most Famous Exchanges Spikes

A well known crypto-related social media analyst, Kevin Rooke, has recently revealed that Binance’s daily average traffic had gone up by 13% in April at around 1,183,000 visits.

This has been one of the best website statistics the exchange has gotten since October of 2018.

According to Rooke it was soft evidence of the increasing interest of people in cryptocurrencies particularly on bitcon whose value has surged by around 29.33% during the month of April.

The US-based crypto exchange Coinbase on the other hand is averaging around 930,000 visits every 24 hours.

Coinbase is offering crypto services across 53 countries and worked under tight regional regulations.

It is widely known that there is a direct correlation on the number of searches and visits on cryptocurrency related sites whenever there is significant price movement in bitcoin the sudden surge of searches and visits on the aforementioned exchanges confirms this and might suggest the rekindling crypto enthusiasm around the world.

Blockchain Industry Needs Better Lobbying According To New York State Assemblyman

Clyde Vanel, an Assemblyman from New York has recently stated that the Blockchain industry needs to be better at lobbying for itself and educating regulators.

He recently made this comments in an event that was sponsored by ConsenSys dubbed as Ethereal Summit on May 10, 2019.

According to Vanel the nascent industry the bad actors often get all the press while projects that have real value are overlooked.

He adds that there is of great importance to educate the community, decision-makers, lawmakers, and other industry players about the technology and the asset class it underlines.

Vanel argues that states have a responsibility to facilitate the development of relevant regulations in the space on the governmental level.

It seems that while there has been great stride in terms of regulatory clarity in the crypto space, the lack or seemingly slow regulatory clarity in the US stems from the fact that most policy makers simply don’t fully understand the nascent industry.

Funding Release By Ethereum Foundation and New Devcon Venue

According to an online news report the Ethereum Foundation is planning to spend around $30 million on different projects across the ecosystem for the next 12 months.

This revelation was made during ConsenSys Ethereal Summit last May 10 by no other than the company’s executive director Aya Miyaguchi.
The funds will primarily be used to improve Ethereum’s performance and security which inclides working on the current proof-of-work (PoW) algorithm of Ethereum 1.x.

Other application of the funds would be for general core support and development, raising awareness about the blockchain network by organizing hackathons, developing relations and attracting new talent.

Miyaguchi also announced the nest Ethereum Devcon, Devcon 5 which will take place in Osaka Japan which will be held from October 8-11 2019.

Mark Yusko’s $400,000 Target Bitcoin Price

In an interview with Bloxlive.tv Mark Yusko, founder of Morgan Creek Capital Management shares his sentiments about Binance hack as well as a bold prediction about Bitcoin future price.

Yusko states that the $40 million loss that Binance has suffered proves that Bitcoin has value, arguing that people don’t steal things that don’t have value.

He states that the fact that hackers goes through all this trouble to still Bitcoin confirms the value thesis of the emerging asset.

He then lauds the fact that Binance has a fund that they take a piece of their profits and set it aside to secure the funds of its customers comparing it to FDIC in banking.

During the interview he also predicted that a value of $400,000 a piece is plausible if Bitcoin becomes the primary store of value comparing it to Gold which has a total market capitalization of $7.4 trillion.

Hester Pierce Says Crypto Industry Hindered By Regulatory Delays

Hester Pierce of the Securities and Exchange Commission who has gained the moniker “crypto mom” due to her perceived crypto friendly stance has expressed fears that the cryptocurrency industry has been hindered by delays on regulatory clarity.

She revealed her concern at the Securities Enforcement Forum in East Palo Alto in California last May 9, 2019.

According to Pierce the main problem is how to decide when issuing tokens represented an offering of securities, especially considering that securities laws do not cease to apply us because there is a new evolution in the industry.

She laments that SEC as a regulator has to provide industry players with clear guidance on how to comply with the law but has not done so unfortunately.

She adds that the agency should not be trying to guide innovation, but should recognize that it cannot stop it and embrace the potential for positive change that innovation

Headlines for the world of Cryptocurrencies - May 10, 2019

Hackers Mixing BTC’s Stolen From Binance / Facebook Removes Crypto Ad Ban While Intensifying Its Own Blockchain Initiative / Indian Crypto Exchange Opens Office In Australia / Bitfinex Will Be Conducting Its Own Initial Exchange Offering (IEO) / Raiffeisen Joins R3 Corda Global Network

Headlines for the world of Cryptocurrencies - May 09, 2019

Binance’s CEO Conducts AMA After $40 Million Worth of BTC Hack / Bitstamp Beefed Up Their Staff By Hiring Ex-Coinbase Trading Head / Crypto Payments Company BitPay Hires New CFO / Bitcoin.com And Cred Partnership For Lending And Borrowing Services / Aussie Digital ICO Seeks To Launch Next Generation Of Online Retail Platform

Headlines for the world of Cryptocurrencies - May 08, 2019

Crytpo Analytics Firm States Mildly Bullish For May 2019 / University From Turkey Opens Blockchain Center At Northeastern University In Boston / Binance Lost 7,000 BTC From Hackers / Justin Sun Offers To Cover Binance’s 7,000 BTC Stolen By Hackers / Diminishing Mining Hashrate In The Past 30 Days For Bitmain