Cryptocurrencies Market Overview - May 10, 2018

Today in the news:

• Bloomberg has launched a cryptocurrency index.
• Reddit's Founder has said cryptocurrencies can 'fuel a potential new internet'.
• Iranians reportedly turn to bitcoin amid nuclear deal crisis.
• And more crypto news below...

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Latest Crypto News - May 10, 2018

Bloomberg Partners with Novogratz to Launch Crypto Index

Bloomberg has launched a cryptocurrency index in conjunction with Galaxy Digital Capital Management, a digital assets merchant bank headed by billionaire ex-hedge fund manager Michael Novogratz.
_{Read more: www.coindesk.com}

More sources:

• Bloomberg Partners Novogratz’s Galaxy Digital Capital To Release Crypto Benchmark Index
• Bloomberg and Galaxy Digital Capital Management Launch Cryptocurrency Benchmark Index
• Bloomberg, Billionaire Bull Novogratz Partner to Launch Cryptocurrency Price Index
• Bloomberg, Novogratz’s Galaxy Digital Launch Cryptocurrency Index

US: West Virginia Completes First Blockchain-Supported State Elections

Polls closed in West Virginia's primary election May 8, completing the first government-run, blockchain-supported vote in US history, ETHNews reported May 9. While most voters cast regular ballots, special voters in certain districts voted on a mobile blockchain-based platform.
_{Read more: cointelegraph.com}

Cryptocurrency the ‘Right Next Step in the Space of Currency’: Nasdaq CEO

Nasdaq chief executive Adena Friedman is bullish on cryptocurrency, though she says the “jury is still out” on which particular coin or token will ultimately be the one to experience mass adoption.
_{Read more: www.ccn.com}

Iran Sanctions: People Are Turning To Bitcoin To Get Money Out

Kim Jong-un tried it in North Korea, Nicholas Maduro tried it in Venezula — now Hassan Rouhani could begin experimenting with Bitcoin and cryptocurrency as the country braces for fresh, US led, Iran sanctions.
_{Read more: www.forbes.com}

More sources:

• What Ban? Iranians Spend $2.5 Billion Buying Cryptocurrencies in Capital Flight
• Iranians Turn to Bitcoin Amid Nuclear Deal Crisis

Reddit Founder Says Crypto Can 'Fuel a Potential New Internet'

Bitcoin and cryptocurrencies are poised to "fuel a potential new internet," even with a high level of volatility, said Alexis Ohanian, founder of the social media giant Reddit.
_{Read more: www.coindesk.com}

More sources:

• Reddit co-founder says cryptocurrencies are a powerful tool against hyperinflation

Buffett 'Disciple' Condemns Investor's Views On Bitcoin

Venture capitalist Chamath Palihapitiya has countered billionaire Warren Buffett's recent derogatory statements on bitcoin, stating that the cryptocurrency is "important."
_{Read more: www.coindesk.com}

Street Artist Nets $1000 From Bitcoin QR Codes in His Murals

French street artist, Pascal Boyart is taking bitcoin to the art world. The mural painter known by the moniker ‘PBOY’ is incorporating bitcoin QR codes in his artworks. This allows him to receive donations from the public in crypto.
_{Read more: bitcoinist.com}

Coinbit: New Korean Exchange on the Horizon

The Coinbit exchange is finally ready for the launch, after failing to meet the April 30 deadline. On May 11, the new marketplace will open, while listing 50 of the hottest digital assets this spring, as well as already established ones like Litecoin.
_{Read more: cryptovest.com}

Australia: Gov’t Considering Blockchain For Trade Supply Chains

The Australian government is considering a framework governing emerging technologies such as blockchain in order to transform trade, an official said May 10.
_{Read more: cointelegraph.com}

More sources:

• Home Affairs considers blockchain for Australia's trade supply chain visibility

UK’s Biggest Energy Supplier Taps Blockchain for Cheaper, Greener Energy

The UK’s biggest energy provider, Centrica, is trialing blockchain technology in a bid to offer cheaper, greener energy to its gas and electricity customers.

_{Read more: www.ccn.com}

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