This Week in Cryptocurrency:

 May 24th, 2019


This week marks another hearty notch in the continued uptick in cryptocurrency markets, and boy, is it more fun to write about cryptocurrency market gains rather than weekly losses for a year.

Bitcoin grew another 13% on the week, bringing its price to an ATH for the year of $8,100Ethereum is up 8.67%Bitcoin Cash 17%Litecoin 16.3%Dash 19%, and Waves 19%.

Even the relative newcomers got some significant action this week, with Binance Coin up 36%, Chainlink up 47%, BitTorrent 51%, Holo 47%, and Aurora 156% (which seems to be going through a pump and dump at the time of writing.)

Bitcoin prices

Cryptocurrency News for the Week

Galaxy Digital Sells Off Stake in Galaxy Digital, a crypto merchant bank looking to be a “bridge between the crypto and the institutional worlds” founded by former hedge fund manager Michael Novogratz, sold its shares in for $71.2 million, claiming it made a 123 percent return on its realizing investment. Novogratz stated the reasons for selling their share was to “maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio.” According to a Bloomberg report, values itself around $2.3 billion (up 66x from its 2017 seed funding round), base on’s buyback program for 10 percent of its shares.

Facebook to Launch “Globalcoin” by the End of 2019: According to the BBC, Facebook plans to roll out a digital payments system in “about a dozen” countries by Q1 2020, with intentions to publicly outline plans further over the summer. Why crypto? Facebook wants to break down financial barriers for its billions of users across Facebook, WhatsApp, and Instagram, and a global cryptocurrency will help them reduce consumer costs of sending money. The coin is rumored as a “Bitcoin killer.”

Binance to Roll Out Margin Trading: A bit late to the party in joining exchanges like  Kraken, GDAX, OKCoin, Poloniex, and Huobi, Binance confirmed that its users will be able to margin trade “soon”. Margin trading, or the borrowing of funds from a broker to trade financial assets, requires users have a minimum margin which will act as collateral. Binance launching margin trading will likely increase trade volumes from both institutional and retail investors.


View image on TwitterView image on Twitter


Blockchain Utilities Will Transform the Energy and Water Markets: More countries than ever before are looking to renewable energy, and ways of reducing dependence on finite resources such as oil. At the same time, the planet is undergoing a global water crisis, with the risk of demand outstripping supply over the next few decades. Are blockchain utilities the answer?

Blockchain in the Public Sector: Where’s the Impact?: Governments are beginning to not only test out the capabilities of blockchain technology but also use this technology for improving governance in the real world. Here are a few examples of current applications for blockchain in the public sector.

Binance CZ Announces BNB Giveaway After Bitcoin Heist, Money Laundering Nightmares Persist: The recent unprecedented Binance hack that led to over 7,000 bitcoins being stolen sent shockwaves across the cryptosphere and besmirched the crypto exchange’s almost impeccable security record. And now CEO Changpeng Zhao, also known as CZ has announced a $1.2 million giveaway in Binance Coin (BNB) as a “thank you” gift to the company’s customers for being supportive during these trying times.

Crypto Virtual Wallet Hacks Push Companies Towards Insurance, Advanced Security Technologies: The growing number of crypto platform hacks is petrifying and virtual wallet companies are investing in advanced security solutions and insurance products to mollify investors.

Movie Financing…on the Blockchain: Ryan Kavanaugh, a film producer and Warner Brothers executive, announced a $100 million investment from Central Wealth Group of Hong Kong and Step Ventures in Proxima Media’s cryptocurrency project. Proxima Media plans to roll out a crypto-enabled financing tool for film, music, TV, and other IP-drive property via its cryptocurrency token Proxicoin.

NEO Pump Fakes and Freaks People Out: “Whale watchers” suddenly spotted 29,461,168 NEO, worth about $326 million, leave a NEO wallet and rang alarms of confusion. The amount transferred is about half of NEO’s total market cap, so naturally people were a bit freaked out. All the confusion was short-lived, as the amount quickly went back to its original wallet and NEO rectified the situation and said the transfer was routine and planned. NEO unlocked 5.5M NEO, and sent the remaining 29.4M NEO to a change address before being transferred back to the locked address.


NEO Smart Economy@NEO_Blockchain

📢Notice: Foundation unlocks 5,530,000 as planned. These funds are used to build the NEO ecosystem and support the growth of the community.

You can find the notice in detail via the link below, 

Notice: NEO Foundation Unlocks 5,530,000 NEO As Planned – NEO Smart Economy

As was outlined in the NEO White Paper, the NEO Foundation (NF) manages 50% of the total NEO supply, which is 50,000,000 NEO. These funds are used for

Busted! Europol Shuts Down $200 Million Crypto Tumblr Bestmixer: The Dutch Fiscal Information and Investigation Service (FIOD) seized six servers of, one of the three largest crypto mixing services, claiming a large number of mixed coins on the service came from criminal activities such as illegal financing or money laundering. A cryptocurrency mixer, or tumblr, is a tool that claims to transform non-private coin transactions such as bitcoin into private ones by mixing crypto funds together, making it difficult to trace the original source of each transaction. Since its launch in May 2018, had a reported turnover of at least $200 million.

This article comes from



If you would like a step by step guide of how to create a Plug-N-Play Cryptocurrency portfolio built from Bitcoin, Ethereum, Litecoin and many other quality coins (some of which that pay you just to own them!), click the banner below:




Dan Watson and Arkham Industries provide an informational service only and are not responsible for any investments made applying this information. The results described are not typical and are not guarantees of future income. Any investment contains risk and is 100% the responsibility of the investor to assess the risks/rewards involved. It is possible to lose some or all of your investment. We assume no liability assumed or implied for your application of the information shared from the training programs.

I am not a financial adviser and for that reason, nothing I say or write should be taken as financial advice. This information is for informational and entertainment purposes only. I am not the owner of any of the programs mentioned on this website. I am also not connected to the presented websites in any way, shape or form. There is risk involved in trading, mining, lending, staking and investing in cryptocurrency. So any previous payments made by any website or an investment fund do not guarantee that payments will be steady and regular in the future. I am not responsible if a website does not pay out or shut down at anytime. So Join at your own risk. This information is created as per my personal experience. I do not take any responsibility for any losses that may occur. I do not give any financial advise.

Earnings and Income Disclaimer. We make every effort to ensure that we accurately represent these products and services and their potential for income. Earning and Income statements made by its’ customers and/or I are only estimates of what we think you can possibly earn. There is no guarantee that you will make these levels of income and you accept the risk that the earnings and income statements differ by individual. As with any business, your results may vary, and will be based on your individual capacity, business experience, expertise, and level of desire.

9 thoughts on “This Week in Cryptocurrency:

  1. I do not even know how I ended up here, but I thought this post was great.

    I don’t know who you are but certainly you are going
    to a famous blogger if you are not already 😉 Cheers!

  2. I am no longer sure where you are getting your info, however great topic.
    I must spend a while studying much more or working out
    more. Thank you for excellent information I was looking for this info for my mission.

  3. I visit everyday a few websites and sites to read
    articles or reviews, except this weblog gives quality based writing.

Leave a Reply

Your email address will not be published.