May 19 Bitcoin Miner in China builds new facility in Texas
BIT Mining Limited, a Bitcoin mining company based in Shenzhen, China, will build a new mining facility in Texas, USA.
The company, which operates BTC.com, a Bitcoin mining pool, has signed a contract with Dory Creek, a subsidiary of mining equipment maker Bitdeer, for funding to build a mining facility.
May 20 Report Obligation to Transfer Cryptocurrency Assets Over $ 10,000: US Treasury
The US Treasury requires companies to report to the Internal Revenue Service (IRS) when sending crypto assets (cryptocurrencies) in excess of $ 10,000.
“Currently, crypto assets account for a relatively small percentage of corporate revenue, but crypto assets trading is likely to become more important in the next decade, especially with the introduction of a broader financial account reporting system.” Ministry of Finance report)
May 20 Bitcoin futures ETF, US company applies to SEC
Teucrium’s planned “Teucrium Bitcoin Futures Fund (BCFU)” is linked to the price index of Bitcoin futures trading, and if approved, it will be listed on NYSE Arca under the Intercontinental Exchange (ICE). ..
May 21 Security Token (Digital Securities) Exceeds Cryptocurrency Assets in Five Years: European Survey
“Security tokens (digital securities)” that digitize traditional investment targets such as stocks, bonds, and real estate may exceed the market size of crypto assets (virtual currency) within the next five years.
According to the survey results released on the 21st, the market size of security tokens in Europe is expected to reach 918 billion euros (about 122 trillion yen) by 2026.
May 21 NEM Group announces entry into NFT area utilizing NEM Symbol
On May 21, NEM Group, which supports the development of enterprise blockchain, announced its entry into the NFT area using the NEM Symbol of public blockchain.
May 21 Cryptocurrency fund net decline for 2 consecutive weeks ── Profit-taking sales strengthen
Cryptocurrency funds have fallen net for the second straight week. This shows that profit-taking sales strengthened as crypto assets fell last week.
Investors withdrew $ 97 million from crypto funds in the week leading up to May 21 (about 1.06 billion yen, 0.2% of their assets under management). It was revealed in a report released by CoinShares on the 24th. Meanwhile, Bitcoin moved from the fund was $ 111 million, down from $ 115 million last week.
May 23 Fobi shrinks some businesses due to tightening regulations in China
Huobi, a cryptocurrency exchange, has shrunk or shut down its business in some countries and stopped hosting mining equipment in mainland China in response to recent tightening of regulations in China. He said he did.
May 24 Bitcoin holders hit record highs: data
According to the data site Glassnode, on May 24, the number of accumulated addresses reached a record high of 545,115 for seven consecutive days. From May 8th, it increased by 16,445. This shows that long-term holders have consistently made a bargain while Bitcoin prices have fallen from $ 58,000 to $ 30,000.
May 24 Cryptocurrency Hedge Fund Increases Interest in DeFi (Decentralized Finance): PwC Report
The balance of assets under management of crypto asset hedge funds has increased from $ 2 billion in 2019 to about $ 3.8 billion in 2020, increasing interest in DeFi (decentralized finance). It was revealed in a report by PwC and AIMA (Alternative Investment Management Association).
May 25 Dapper Lab’s “NBA Top Shot” sales of $ 700 million and 1 million users in less than a year
Dapper Labs’ NFT game “NBA Top Shot” has sold over $ 700 million in less than a year. The company’s CEO, Roham Gharegozlou, said.
CEO Galegozlow, who took the stage at the Consensus 2021 conference hosted by CoinDesk, said the number of NBA Top Shot users has now reached one million. That’s an amazing number for a single crypto asset product. Half of the users spend money on buying and trading digital trading cards, with 150,000 to 250,000 people logging in every day.
May 25 Blockchain could be a “extreme threat”: Fidelity
Clearing services and some of the financial intermediaries, which are the core businesses of asset management giant Fidelity, are about to use blockchain technology to improve efficiency. Mike Durbin, head of Fidelity Institutional, the company’s institutional business division, explained the background on the 25th.
May 25 Associated Press auctions historic moments at NFT ── Pulitzer Prize-winning photo “Rising the Flag on Ioshima”
The Associated Press (AP), a U.S. news agency, has released a photo of six U.S. soldiers hoisting the Stars and Stripes on the summit of Mt. Suribachi on Iwo Jima in 1945. In addition to the NFT collection named “175 Collection”, it was sold at OpenSea, a marketplace dedicated to NFT in the United States.
May 25 Draft Guidelines for Prohibiting Cryptocurrency Mining: Inner Mongolia Autonomous Region, China
The Inner Mongolia Autonomous Region branch of the National Development and Reform Commission (NDRC) has released draft guidelines for local authorities to crack down on crypto asset mining in the region. NDRC said, “By the notification from the State Council and the Financial Stability and Development Committee, we will strictly ban cryptocurrency mining and crack down on mining operations with heavier penalties.”
May 26 The impact of the SEC suit is not limited to Ripple (XRP): Garlinghouse CEO
Brad Garlinghouse, CEO of Ripple Labs, who took the stage at the conference “Consensus 2021” held by CoinDesk on the 26th, said that the listing plan announced at the beginning of 2020 is the US Securities and Exchange Commission (SEC). ) Has to wait until the lawsuit is resolved. He said the SEC’s suit would have widespread ripples, no matter what the court decides.
May 26 Apple is looking for someone with experience in the crypto asset industry ── with the appointment of a business development manager for an alternative payment program
Apple is looking for someone with experience in the crypto assets (cryptocurrency) industry. He is a candidate for a business development manager in charge of the “Alternative Payments” partnership program.
May 26th This NFT, How Much? ── What is the aim of Coincheck’s campaign on Twitter?
Coincheck announced on the 26th that it will hold a campaign until June 11th with the hashtag “HowMuch_NFT”. In this campaign, if the digital data of the footprints of human beings reaching Mars for the first time becomes NFT, participants will answer on Twitter how much the NFT will be priced.
May 27 US SEC Starts Bitcoin ETF Examination, Fidelity and Skybridge Application
The Securities and Exchange Commission (SEC) has begun reviewing Bitcoin exchange-traded fund (ETF) application documents submitted by two US companies. There are now six Bitcoin ETF applications that the SEC has officially started the review process.
｜ Sentence / Editing: coindesk JAPAN editorial department
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