[VIDEO BYTES WITH JANET]

In this video, Janet discusses the following:

- Visa brings USDC stablecoin to Kenya
- Bank of England warns about crypto risks
- Citi bank looking to enter the crypto space

Here is the 2-min clip: https://youtu.be/mVoldbar5gk (Subscribe to keep updated on latest news on video)

MoneyGram to allow customers to buy and sell Bitcoin for cash at thousands of brick-and-mortar locations in the U.S.

MoneyGram has teamed up with bitcoin exchange and ATM operator CoinMe on the feature.

#BlockNewsKE #MoneyGram

“I recommend that Uniswap
and the $UNI token step in and provide such an oracle (eg. modeled after the Augur or UMA design), specialized to providing price data that’s robust and extremely costly to manipulate and attack.” - Vitalik Buterin, Founder, Ethereum

#BlockNewsKE

Indonesia, SouthEast Asia's biggest econmy, is considering a plan to tax the trading of cryptos after a surge in popularity among local investors.

Indonesia bans the use of crypto as a payment instrument, but allows it to be traded as a commodity

#BlockNewsKE

The first fully-fitted blockchain hub, with a standard crypto forensic investigation lab in West Africa, has launched in Abuja, Nigeria.

Dubbed Convexity Hub, the lab seeks to provide regulators with an expert-based channel for active government participation into the blockchain and crypto ecosystem in Nigeria amid the regulatory stand that looks at crypto as an easy tool that facilitates dark web illicit activities.

Check out this exclusive BitKE interview as the CEO, Deji, discusses the hub and what it means for the blockchain and crypto space in Nigeria:

https://bitcoinke.io/2021/05/introducing-convexity-hub/

Taking advantage of the downturn following the Elon Musk tweet, MicroStrategy purchases an additional 271 bitcoins for $15 million at an average price of ~$55,387 per #Bitcoin according to CEO,
@michael_saylor


MicroStrategy now holds 91,850 BTC.

#BlockNewsKE

A new report by Glassnode has revealed that of the total 2.1 million users who have interacted with decentralized finance (DeFi), 1.53 million of them (~73%) have used UniSwap at some point in time.

As of this writing, total locked assets stand at over $180 billion – over 22% increase in TVL in May 2021 alone.

See details here: https://bitcoinke.io/2021/05/uniswap-defi-user-base/

Cuba has been actively discussing the possibility of adopting cryptos over the last few months during high-political summits.

The president discussed crypto assets during a virtual currencies topic on the summit agenda for Cuba's 'future economic plans'

#BlockNewsKE

UTU, the Kenyan-based technologies company, has announced the official launch of the UTU-BNB liquidity pool on PanCakeSwap.

According to the company blog post, the move was driven by the high gas fees on UniSwap where the token is currently available.

See details here: https://bitcoinke.io/2021/05/utu-on-pancakeswap/

VIDEO Walkthrough on how to Swap $BNB for $UTU Tokens: https://www.youtube.com/watch?v=xJvsCzzw2mM

DBS Private Bank, one of the biggest wealth managers in Asia outside China, has launched a cryp0 trust solution amid growing demand for digital assets.

The new crypto trust solution allows the company’s private banking clients to invest, custody and manage cryptos

#BlockNewsKE

Palantir, a $30-billion Colorado-based data analytics company founded by billionaire Peter Thiel, now accepts Bitcoin from clients as a form of payment.

Palantir said during its earnings call for Q1, 2021 that it had begun accepting Bitcoin payments

#BlockNewsKE

Argentina’s tax authority, AFIP, has reportedly ordered domestic crypto exchanges and payment firms to provide monthly reports of all operations.

The authority notified all VSPs to maintain regular lists of user accounts & identity including incomes, balances etc

#BlockNewsKE

The Central Bank of Liberia (CBL) has issued a public notice to a local company to desist from promoting its digital asset product saying it is not only illegal, but also ‘intended to undermine the country’s financial system.’

This is the first time that Liberian regulators have taken a stand on cryptocurrencies amid the global interest and adoption of digital assets.

By extension, this also sets a precedent on the position of the financial regulator on cryptocurrencies in Liberia.

See details here: https://bitcoinke.io/2021/05/central-bank-of-liberia-issues-crypto-warning/

HAPPENING AT 11.00AM, EAT

A PRACTICAL INTRODUCTION INTO DECENTRALIZED FINANCE (DeFi)

We will be hosting Eugene Mutai today to take us through the interesting world of DeFi and how you can get started in this fast-evolving space:

Signup: http://bit.ly/BitKE-Catapult-51

A city in the U.S. state of North Dakota has begun accepting cryptocurrencies for utility bill payments.

The city’s finance director says, “We are the first municipality in the state of North Dakota, and the third in the nation, to offer this service.”

#BlockNewsKE