Weekly roundup May 6 – May 10

This week bitcoin’s price carried on toward new yearly highs as price interest increased. Other headlines from the week include a Binance hack, Fidelity BTC trading, a Bitfinex IEO and more. Catch up on this week!

Fidelity goes all in crypto, Bitfinex to launch an IEO, how to Win 1 BTC

In fall of 2018, mainstream giant Fidelity Investments unveiled plans to start up digital asset trading and custody, via its new endeavor – Fidelity Digital Assets.

March 8 saw Fidelity launch custody services for bitcoin. The company also plans to provide institutional bitcoin trading in the coming weeks, according to a Bloomberg post.

In other news, information reached the public on Bitfinex’s initial exchange offering (IEO). Bitfinex looks to raise as much as $1 billion in funds, according to a tweet from shareholder Zhao Dong. The exchange’s token sale has now been officially confirmed through the release of a whitepaper by IFinex, Inc., Bitfinex’s parent company.

The embattled exchange reportedly plans to sell an asset named LEO, a utility token used to lower fees on the exchange.

Additionally, a headline came in this week revealing the Gemini exchange’s plans to give away one BTC to the person who can capture the best picture of the Gemini Crypto Bus, which can be found roaming the streets of San Francisco, Chicago and Washington D.C. This contest appears to be part of an initiative supported by the Gemini Trust Co., which involves developing progressive regulations for cryptoassets.

Read on Crypto Insider 

Binance no longer #safu: Hackers steal 7000 BTC

The post Weekly roundup May 6 – May 10 appeared first on Crypto Insider.

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