Top 5 Cryptocurrencies sorted by 24 hour Volume

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Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Crypto Market Recap

• Cryptocurrencies are rallying across the board as 14 of the 20 largest non-stablecoin cryptocurrencies are higher by double-digits and the price of Bitcoin (BTC) is up 4.86% over the last 24 hours to trade just below $8,200. Tezos (XTZ) is leading major cryptocurrencies in gains today, up 24.98% over the last 24 hours to $1.73. Ethereum (ETH) is also posting significant gains today, rallying 16.47% over the last 24 hours to $239.00. Cryptocurrencies have added roughly $16.2 billion of value over the last 24 hours and total crypto market cap currently sits at $251.5 billion.

Crypto Developments in Financial Services

• Liquid, a cryptocurrency trading platform, has entered a joint venture with Japanese unicorn Virtual Currency Partners with intentions of entering the US market, according to a report from Cointelegraph Japan. According to a press release, Liquid aims for the venture to enable US customers to use and trade the Liquid native token Qash (QASH), pending regulatory approval. As per Liquid Co-Founder and CEO Kariya Kashimori, “The United States is one of the world’s largest markets for the virtual currency industry, and our community and clients and institutional investors are widely interested in providing services in the US market.”  
• Coinbase CEO Brian Armstrong revealed on-stage at Consensus 2019 that the major US crypto exchange and custody services company has surpassed $1 billion of crypto assets under management. While speaking on a panel moderated by Wall Street Journal reporter Paul Vigna, Armstrong explained that the exchange’s Coinbase Custody venture managed to surpass $1 billion of crypto under management in just 12 months after its launch. Armstrong noted further that over the 12-month period, 70 different institutions signed up for the service. 
• Dunamu, the parent company of major South Korean cryptocurrency exchange Upbit, has invested nearly $50 million in blockchain startups just since March 2018. Dunamu’s dedicated investment subsidiary, Dunamu & Partners, has distributed the $50 million of investment across 26 businesses since its launch. According to plans previously provided by Dunamu, the company intends to invest a total of $84 million in the blockchain industry.  
• Fidelity Investments, the US investment management giant, is seeking talent for its Fidelity Digital Assets venture according to listings on the company’s job site. Fidelity is seeking to hire for nine positions in fields such as blockchain solutions architect, analytics, and data engineering. These listings shortly follow reports from Blomberg that Fidelity Digital Asset Management could be poised to launch Bitcoin (BTC) trading services for institutional clients. 

General Crypto News

• The Ethereum (ETH) network will become roughly 1,000 times more scalable within the next 18-24 months, according to comments made by ETH Co-Founder Joseph Lubin. While interviewing with Cointelegraph earlier this week, Lubin explained, “In a small number of months, we should have a fully operational testnet and possibly, by the end of this year we’ll have a fully operational phase 0 Ethereum 2.0.”

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

http://www.theinvestor.co.kr/view.php?ud=20190515000731 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/brian-armstrong-coinbase-custody-has-1-billion-of-crypto-under-management 
https://cointelegraph.com/news/fidelity-investments-seeks-talent-for-its-digital-assets-division 
https://cointelegraph.com/news/japanese-unicorn-liquid-enters-joint-venture-as-it-eyes-us-expansion 
https://cointelegraph.com/news/joseph-lubin-on-ethereum-20-eth-to-become-1-000-times-more-scalable-within-24-months 
https://cointelegraph.com/news/upbit-exchange-operator-plies-46-million-into-blockchain-in-first-year-of-investment 
https://jobs.fidelity.com/ListJobs/bykeyword/fidelity-digital-assets 
https://jp.cointelegraph.com/news/liquid-group-and-virtual-currency-partners-created-a-joint-corporation-eyeing-the-us-crypto-market 
https://www.coindesk.com/coinbase-custody-now-has-1-billion-of-crypto-under-management-ceo-says