Bitzlato, the latest P2P bitcoin and ethereum marketplace into the African market, has initiated ‘The Bitzlato Crypto Community Programme.’

The programme is open to crypto community owners and the members as well looking to work with Bitzlato and offers plenty of opportunities for growth.

Perks exclusive to community owners include:

* Discount benefits to members

* Access to trading signals and market analysis

* Free withdrawal vouchers

* Merchandize to community

See details here:
https://bitcoinke.io/2021/05/the-bitzlato-crypto-community-partnership-programme/

Sony Interactive Entertainment has recently published a patent filed in 2019 for an esports betting platform that may accept #Bitcoin or virtual currency

#BlockNewsKE

In this video, Eugene Mutai, a DeFi yield farmer and blockchain developer, gives an indepth look into the interesting world of DeFi and how anyone can get started.

In this video, Eugene discusses:

* Moving funds onto Polygon layer 2
* Lending and borrowing fundamentals on DeFi
* Using Curve Finance to optimize returns
* A look into Aave – the borrowing and lending platform
* A look at Compound Finance
* DeFi lending and staking

WATCH: https://bitcoinke.io/2021/05/a-practical-introduction-into-defi/

Ethereum layer 2 solution, Polygon (formerly Matic), is seeing huge growth, especially over the last one week, where over 75, 000 activer user wallets interacted with the top 20 Polygon dapps.

During this period, over $900 million dollars of value flowed through this layer 2 solution showing the growing need for Ethereum scaling solutions.

Currently, 3 dapps dominate the Polygon DeFi landscape:
* QuickSwap
* Aave
* ParaSwap

Below are some stats about Polygon so far:
https://bitcoinke.io/2021/05/latest-polygon-stats/

The Spanish financial regulator is easing its tough crypto stance for institutional investors.

The National Securities Market Commission (CNMV) unveiled guidelines that approve institutional crypto investments under certain conditions

#BlockNewsKE

The Capital Markets Authority of Kenya (CMA Kenya) has released the regulatory sandbox 2021 milestone report.

The report highlights the achievements of the regulatory sandbox as well as the challenges and lessons learned over the 2-year period since it was launched in March 2019.

The regulator has disclosed that out of 24 applications submitted to the sandbox since March 2019, at least 9 have been related to blockchain technology and tokenization of real estate.

Some key challenges highlighted by the regulator specifically related to blockchain and crypto products are:
https://bitcoinke.io/2021/05/cma-kenya-2021-regulatory-sandbox-milestones-report/

China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.

China has banned financial institutions and payment companies from providing services related to crypto transactions

#BlockNewsKE

Tether, the company behind the issuance of $USDT, one of the most popular stablecoin tokens in the cryptocurrency market, has announced it is in the early stages of launching USDT on Avalanche, a smart contracts platform with a growing #DeFi ecosystem.

#BlockNewsKE

PolkaStarter is the preferred fundraising platform for many projects due to its fixed ratio swaps that help prevent typical volatility of tokens being sold by providing transparency to both users and investors.

Fixed swaps enable projects to cap how much individuals can invest which is a great way of preventing short-term pump and dumps that generally results in tokens losing value.

Starting on March 19, 2021, $POLS tokens will now be available on Binance with the following trading pairs:

https://bitcoinke.io/2021/05/polkastarter-binance-listing/

US Bank, Wells Fargo, plans to add crypto fund to its platform and is in the final stages of adding an active crypto strategy via professionally managed funds.

The bank said cryptos have gained stability and viability as assets for qualified investors

#BlockNewsKE

The crypto market experienced one of its worst days ever after the price of bitcoin and many cryptos took a double-digit percentage drop.

At one time, the price of bitcoin dipped to $30, 000 resulting in over 70% of wallets at a loss with billions in dollars getting liquidated.

At the peak of the market squeeze, a record 10, 525 bitcoins were liquidated in one hour.

See details: https://bitcoinke.io/2021/05/bitcoin-massive-drop/

President Joe Biden is giving the Internal Revenue Service (IRS) additional funding to address the crypto market, and he wants the tax regulator to apply some traditional standards to crypto exchanges

#BlockNewsKE

The Chairman of the United States Federal Reserve (US Fed), Jerome Powell, has come out and said they are looking at regulating private sector payment methods, specifically dollar-backed stablecoins within the United States.

This new direction comes following a growing interest and use in stablecoins, especially those pegged to the U.S. dollar.

Speaking on the developments and the evolution of the U.S.payments system in light of the emergence of cryptocurrencies and stablecoins, Powell said:

https://bitcoinke.io/2021/05/us-federal-reserve-on-stablecoins/