Daily Crypto Brief for Thursday, May 14, 2020.

This is your ITB Media Daily Crypto Brief for Thursday, May 14, 2020.

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In Mainstream Financial News.

The halving is here: Will it boost bitcoin prices? by CNBC – https://cnb.cx/2Lrm5pu

Hedge fund legend Michael Novogratz, Galaxy Digital founder and CEO, on whether bitcoin’s halving will actually boost its price. With CNBC’s Melissa Lee.

Cryptocurrency Market Is Becoming Even More Concentrated by Bloomberg – https://bloom.bg/3dLtZ9i

While Bitcoin has dominated the headlines in the cryptocurrency market since its introduction more than a decade ago, the sector is becoming even more concentrated among it and two rivals. Bitcoin, Tether and Ethereum accounted for about 90% of trading volume on digital-asset exchanges this year among top-10 cryptocurrencies, up from 75% a year ago, according to researcher Messari.

Why Apple wants to deepen its China supply chain by Financial Times – https://on.ft.com/2WS2W5h

Apple is looking to deepen its supply chain in China. As the United States “decouples” from China, Apple encourages one of its Chinese suppliers to invest heavily in a Taiwanese company that manufactures metal cases for iPhone and MacBook, according to this exclusivity in the Nikkei Asian Review.

JPMorgan Extends Banking Services to Bitcoin Exchanges by Wall Street Journal – https://on.wsj.com/3647udb

According to The Wall Street Journal, JPMorgan Chase has taken on Coinbase and Gemini – “the first time the bank has accepted clients from the cryptocurrency industry.”

Bitcoin Is Suddenly Back On The Move by Forbes – https://bit.ly/2WsNSvY

The bitcoin price is up around 5% on the last 24-hour trading period and is still climbing—hitting $9,345 per bitcoin on the Luxembourg-based Bitstamp exchange.

In Social Media headlines

Altcoin Daily (YouTube) posts a video titled: BREAKING: JP Morgan Goes ALL IN on Cryptocurrency in 2020!! | Best News on Cryptocurrency in 2020.


Data Dash (YouTube) posts a video titled: Ethereum 2.0. Here’s Why I’m Fundamentally Bullish.


In Crypto Publications headlines.

Bitcoin Suddenly Drops After Filling $10K ‘Halving Dump’ Futures Gap by CoinTelegraph – https://bit.ly/3cwLfP7

“Based on the 4h chart, the CME gap is filled. This caused a significant drop of $400, but also a nice trading range. Lows; $8,250-8,400 / $8,600 Highs; $9,800-10,100,” he summarized on Twitter.

Fund Manager Got NY BitLicense 11 Months After Hiring Its Architect by Coindesk – https://bit.ly/3dDGaEW

Fund Manager Got NY BitLicense 11 Months After Hiring Its Architect. Benjamin Lawsky, the former financial regulator who created New York’s BitLicense in 2015, joined New York Digital Investment Group Asset Advisory LLC (NYDIG) nearly a year before the bitcoin fund manager applied for, and received, that license.

Reddit Picks Ethereum For Its New Points, Offers ‘Complete Control, Like Bitcoin’. by CyptoNews – https://bit.ly/3fMoVmT

Following widespread speculation that the popular discussion forum Reddit is about to launch a new points system built on top of the Ethereum (ETH) blockchain, the forum itself has now finally confirmed a new system that allows users to “earn a piece of their favorite communities,” with the help of Ethereum. And it offers “complete control, like Bitcoin.”

This has been your ITB Media Daily Crypto Brief for Thursday, May 14, 2020.

You should not treat any news or information from ITB Media as a specific inducement to make a particular investment or follow a particular investment strategy. Past performance is not indicative of future results. Before investing consider seeking advice from your own financial or investment adviser.

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