Newsflash of May 22, 2020

Market Cap at 8:00 (UTC) – $252,417,426,596

Bitcoin dominance: 66.3 % 

BTC $9,097.6 (-3.95%)

ETH $201.94 (-3.64%)

XRP $0.1919354 (-0.41%)

Shopify merchants can now accept crypto

According to press release (https://www.newswire.ca/news-releases/world-s-leading-crypto-payments-processor-coinpayments-announces-strategic-partnership-with-shopify-836218259.html), CoinPayments has partnered with Shopify to boost adoption for crypto. Through the partnership, vendors on Shopify can now get paid in crypto though a new option supported by CoinPayments.

France Central Bank completed trial for digital euro

On May 20th, 2020 Banque de France announced (https://www.banque-france.fr/communique-de-presse/avancement-de-la-demarche-dexperimentations-de-monnaie-digitale-de-banque-centrale-lancee-par-la)that the country has successfully tested digital euro for a sale of securities for central bank digital currency. Additionally, the current trial for digital euro is said to be focused mainly in wholesale rather than retail segment.

Myanmar Central Bank does not recognize crypto

The Central Bank of Myanmar (CBM) recently published a document (https://www.cbm.gov.mm/sites/default/files/announcement_for_digital_currency.pdf) stating that local financial institutions are not allowed to accept cryptocurrencies. Specifically, BTC, ETH, LTC and PM which are being traded will be regulated by CBM.


Stay safe and happy trading.

Yours,

4C-Trading

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