🔹Bitcoin rate sharply collapsed from $7,800 to $7,000. At BitMEX, its price reached $6,380, and at Bitstamp - $6,100. The most likely cause of the incident - an unknown trader has applied for the sale of 3645 BTC ($26 million) on the Bitstamp exchange. Following Bitcoin, other cryptocurrencies fell by 8-15%.
🔹Amazon got the rights to use the technology it invented to develop cryptographic systems similar to blockchains based on the Proof-of-Work mechanism. The technology will be used to combat DoS and DDoS attacks.
🔹On May 20, the KuCoin exchange will add to the listing its first metastablecoin, price is tied to four stablecoins: USDC, PAX, TUSD and DAI. The coin will begin to trade under the ticker NUSD (Neutral Dollar) in pairs with Bitcoin and USDT, and its withdrawal can be done from May 22.
🔹Estonian authorities have complicated the process of issuing licenses to cryptocurrency companies: consideration of applications has been extended to 30-90 days, the duty has been increased from €345 to €3330, and only companies registered in Estonia can receive the license itself.
🔹Ripple underestimated the amount of coins issued by 200 million XRP, or $84 million. This conclusion was made by the analytical company Coin Metrics on the basis of a study of the quarterly financial report of the startup.