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

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with crypto exchanges and traders.

Some banks in India have limited their exposure to the crypto market & some plan to stop all crypto-related transactions

#BlockNewsKE

[VIDEO BYTES with JANET]

In this video, Janet talks:

- Goldman Sachs wants to start trading crypto
- MasterCard survey reveals high crypto interest
- MoneyGram wants to bring #Bitcoin to ATMS

WATCH (2-min): https://www.youtube.com/watch?v=h-AJZyvq_Hc
(Be sure to subscribe)

The Binance Smart Chain (BSC) leading DEX and DeFi protocol, PanCakeSwap, has revealed that nearly 3.6 million $BNB is now locked as liquidity on the platform.

In other words, nearly 2.5% of the entire BNB supply, or more than $2.6 billion now resides exclusively on PanCakeSwap.

Below are just some of the reasons why this growth is happening:

https://bitcoinke.io/2021/05/pancakeswap-in-may-2021/

Ethio Telecom, the largest sole mobile operator in Ethiopia, has launched Telebirr – a mobile money service that allows user to send and receive money, as well as deposit and withdraw cash.

The mobile money service is similar to M-PESA, the Kenyan-based mobile money service, and is expected to offer an alternative to existing and inefficient banking system.

https://bitcoinke.io/2021/05/introducing-telebirr/

Samsung Galaxy smartphones now support the #Bitcoin hardware storage device, Ledger, with "more cold-storage wallets" soon.

Samsung Blockchain Wallet users will also be able to keep up with the latest trends in cryptocurrency with a dedicated newsfeed in the app

#BlockNewsKE

A popular international music festival, Exit, is now accepting cryptocurrency for tickets, products, and services.

This year’s 20th-anniversary Summer edition of the European event & online store already offers discounts for impatient music fans and visitors

#BlockNewsKE

After much controversy over its actual cash holdings, Tether has finally revealed its actual cash reserves and cash equivalents for the first time since 2014.

The breakdown of its reserves reveals that nearly 76% are in cash while the rest is held in other forms including bitcoin.

See full breakdown of its reserves here:
https://bitcoinke.io/2021/05/usdt-reserves-breakdown-reveal/

Prices, past 24 hours.

* Bitcoin: - 8.77%
* Ethereum: - 9.52%
* XRP: - 10.23%
* PolkaDot: - 14.25%
* Cardano: - 10.28%
* Dogecoin: - 6.92%

#BlockNewsKE