Cryptocurrency news for today May 19

  • Ethereum testnet survives unexpected fork

  • Central banks mulling options for implementing CBDC

  • Experts are waiting for the beginning of the fourth bullish wave in the market

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Ethereum 2.0 Testnet Had a Hard Fork In the crypto world, a fork is essentially a change in the blockchain protocol. Since cryptocurrencies operate on decentralized networks, all parties … More, but the community does not panic: that’s what testnets are needed to debug and identify possible problems. Meanwhile, central banks are looking more actively towards tokenized CBDCs. Paper bills and coins may be a thing of the past due to a new financial instrument – central bank digital currency (CBDC). As of … More, decentralized blockchains like Bitcoin don’t appeal to them. Bitforex was declared a GRAM crypto futures scam, and level of dominance of bitcoin rushed to powerful resistance.

Read about the situation in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

More than half of central banks want tokenized CBDC

As it turns out, central banks around the world are more focused on wholesale tokens and less interested in blockchain networks. The Central Banking publication presented the results of a study of the market for digital currencies of central banks (CBDC). More than half of the surveyed central banks (58%) would like to have CBDC in the form of tokens stored in digital wallets, according to published results..

Cryptocurrency news for today May 19

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Bitcoin on the cusp of its fourth bull cycle – Andreessen Horowitz

Renowned Venture Fund Predicts The Start Of A New Bullish Cycle In The Cryptocurrency Industry Amid Inflow Of “High Quality Projects”.

Cryptocurrency news for today May 19

Some projects that emerged after the initial coin offering (ICO) boom in 2017 will fuel a new upswing in the industry, according to Andreessen Horowitz (a16z), a venture capital fund with a large cryptocurrency portfolio. More details

Schlesi’s Ethereum 2.0 testnet suddenly forked

Unfortunately, it is impossible to get free tokens from this fork, but the precedent itself interested the developers of the ETH 2.0 blockchain. A sudden fork has occurred on the testnet of the Ethereum 2.0 Schlesi blockchain platform. The first to report this was the former Ethereum hard fork coordinator, blockchain engineer Afri Shoedon. More details

Bitcoin dominance heading towards strong resistance

While the Bitcoin Dominance Level (BTCD) has exceeded an important resistance level, the Altcoin Dominance Level (ALTD) has rebounded from the level that previously acted as a support and has been declining since then. Earlier, several altcoins have shown a rather aggressive rise. Now most of them are in the correction mode, decreasing in the direction of the previous breakout levels. More details

Users accuse Bitforex exchange of fraud

The closure of Pavel Durov’s TON project led to numerous problems not only for the Telegram team itself, but also for exchanges that actively traded futures for tokens. On May 16, a message was received that the project was finally closed, and Durov himself prohibits the further sale of Gram futures, as well as the use of the TON brand in any other projects.

Cryptocurrency news for today May 19

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