Bitcoin News Summary – May 21, 2018

Here’s what happened this week in Bitcoin in 99 seconds.

Here’s what happened this week in Bitcoin in 99 seconds. Consensus 2018 conference, held in New York, failed to trigger the anticipated Bitcoin price rally as it does each year. The turn out for the event was extremely overwhelming with almost 8500 people attending the conference.

Here’s what happened this week in Bitcoin in 99 seconds. Speaking at Consensus, Blockstream’s Christian Becker said that as the lightning network matures, Bitcoin will be able to scale well beyond rival altcoins and even credit card giants like Visa.

Here’s what happened this week in Bitcoin in 99 seconds. Coinbase is in talks with US regulators to investigate getting banking licenses. Such a move would put the companies under federal rather than state regulations and allow them to offer new financial products. Coinbase is also currently seeking approval from the SEC to become a registered brokerage. If approved, Coinbase may offer trading in ICOs, which the SEC views as securities.

Here’s what happened this week in Bitcoin in 99 seconds. The SEC launched an educational website, HoweyCoins dot com, for a fake ICO. The name references the “Howey test,” a legal rule-of-thumb used to determine whether an asset qualifies as a security and thus, subject to SEC oversight. Visitors attempting to buy the tokens were directed to a warning about ICO scams.

Here’s what happened this week in Bitcoin in 99 seconds. The central bank of Zimbabwe banned the use of Bitcoin among financial institutions. Zimbabwe’s Golix and Styx24 Bitcoin exchanges will have no choice but to end their services.

Here’s what happened this week in Bitcoin in 99 seconds. Finally, Unionbank, the largest bank in The Philippines, revealed its Bitcoin mining equipment. In so doing, the bank demonstrated its strong interest in cryptocurrency.

Here’s what happened this week in Bitcoin in 99 seconds. That’s what happened this week in Bitcoin. See you next week.