5. The Venezuelan government has begun confiscating any incoming shipments related to cryptocurrency mining. These shipments typically include hardware imported from other parts of the world. This comes as Venezuela tries to push citizens toward the Petro, a government-created coin backed by the country’s oil reserves. –NEWS BTC 6. An estimated 99 percent of cryptocurrency trading happens in centralized exchanges. That number could soon shift argues Tom Goldberg, a senior engineer at BCG Platinion. He believes decentralization will come to exchanges sooner rather than later. -COINDESK 7. Dan Morehead, founder of Pantera Capital Management, said buy cryptocurrencies now while they are relatively cheap. Morehead argues the unregulated nature of the cryptocurrency market presents opportunity for investors, especially now that he believes prices are deflated among rumors of regulatory efforts in the United States. -CNBC 8. Storiqa saw the largest growth among altcoins in May. The coin saw 756 percent growth, more than four times that of Theta Token, which saw the second largest growth last month. -HACKED 9. imToken, which claims to be the world’s largest ethereum wallet, has raised $10 million in funding. The capital will be used to add new features, including support for bitcoin, EOS and other blockchains, along with helping the company expand in Asia and the United States. –TECH CRUNCH 10. President Trump’s new tariffs on steel and aluminum could present a hedge opportunity for cryptocurrency investors. As businesses, and governments, look to skirt financial penalties they could further loosen controls on bitcoin and other popular cryptos. -FORBES |