CryptoSlate Recap | Bitcoin marketcap rockets past $100B | Fidelity: Institutional investment in cryptocurrency likely to grow | Cardano enters Ethiopia with enterprise blockchain framework Atala
|May 3||Public post|| 4|
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In the past 24 hours, the bitcoin price spiked from around $5,374 to $5,778 on regulated fiat crypto exchanges like Coinbase in the U.S., surging past $5,800 in several other markets.
Institutional investment in cryptocurrency is likely to increase over the next five years, according to research from Fidelity Investments. The firm surveyed 441 institutional investors—including pensions, hedge funds, and endowments—to determine the investment outlook for bitcoin and other cryptocurrencies.
Charles Hoskinson, CEO of IOHK and founder of Cardano, announced the launch of Atala, an enterprise blockchain aimed at helping governments in developing countries build systems for voting, property registration, and supply chain, as reported by Forbes contributor Rachel Wolfson.
Spencer Noon noticed that Ethereum co-founder Joseph Lubin made what looks like to be an incredibly well-timed crypto-bottom call.
Joseph Lubin@ethereumJosephI am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.
MakerDAO may be raising the DAI stability fee to 19.5%.
Blocktown Capital produced interesting comparison of gold over the past 100 years verse Bitcoin over the past 5 years.
Senior eToro analyst Mati Greenspan observed the Bitfinex cold wallets have decreased from 119K BTC on Apr. 26 to 89K BTC at the moment.
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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.