Cryptocurrency News: 2nd Week of May News (Vechain, Reddit, REQ, DAI, Quoine, UPbit, Robinhood) Market situation: The market had some issues due to Korea FUD Current prices: BTC = around $8.6k (-13%) ETH = around $685 (-16%) XRP = around $0.70 (-22%) NEO = around $67 (-22%) IOTA = around $1.94 (-18.5%) VEN = around $4.70 (-13%) EOS = around $14.67 (-19%) LTC = around $143 (-18%) XMR = around $205 (-16%) The dip due to fud wasn't actually that bad and is already recovering so I still thing we can expect bullish trend long term. Robinhood on Fast-Track to Build ‘Largest Crypto Platform’ On 10th of May the fintech startup Robinhood has annouced that it had raised $363 million in a Series D funding round led by DST Global. Cryptocurrency-friendly stock trading app Robinhood is now valued at $5.6 billion following that funding round. It will provide the company with resources as it seeks to take aim at Coinbase, the dominant firm in the US cryptocurrency brokerage market. At present, Robinhood Crypto is available in 10 states, and the company continues to release it on a state-by-state basis as it acquires money transmitter licenses in new jurisdictions Great news for crypto since Robinhood has the potential to attract more investors. Reddit Plans to Reinstate Cryptocurrency Payments On 3rd of May May 3 in an interview with Cheddar, the company’s chief technology officer (CTO), Chris Slowe, revealed it will be adding BTC again and more cryptocurrencies as well. The company had previously removed the BTC payment option this past March stating the reason was due to a “Coinbase change” and only Paypal was accepted. He also said one of the reasons they dropped BTC was due to network transaction fees “being too large.” With the change users will be able to pay for premium membership called, Reddit Gold, with BTC, LTC and ETH. While not a big deal it's still a good sign of adoption. PwC and VeChain blockchain application On 9th of May PwC (PricewaterhouseCoopers) and VeChain today jointly unveiled the 2018 Market Survey Report for (Non-financial) Application of Blockchain in China. Survey findings highlight logistics, government and medical industries as areas that stand to benefit most from adapting blockchain technology. Earlier this month PwC purchased stake in VeChain with plans for platform integration with plenty of potential use cases. PwC is the 5th-largest privately owned company in the United States and their close partnership with Vechain is very pomising not only for Vechain but also for crypto in general. MakerDAO Integrates with Request Network On 4th of May MakerDAO and Request Network announced a strategic partnership that will integrate stablecoin, Dai, into the financial dApps built on top of the Request Network. Dai is a decentralized stablecoin while Request is enabling future payments on the blockchain to be secure and easy. Price stability on the blockchain is one of the most challenging blockers to widespread adoption of cryptocurrencies. Dai tries to solve this through a fully decentralized stablecoin which has been live and stable since it’s launch. QUOINE launches ICO platform On 6th of May Global fintech company QUOINE unveiled its Initial Coin Offering (ICO) platform, an all-in-one ICO execution service that provides a safe haven for both token participants and token issuers alike. It will initially be integrated within the QRYPTOS exchange, before becoming part of the forthcoming LIQUID platform. ICO Mission Control is an end-to-end solution designed to help blockchain project teams conduct an ICO in a flexible, secure, transparent and scalable manner, that adheres to best practices of KYC and AML. While it's still unclear how their crypto QASH will be involved it does seem like a bullish sign for it. UPbit Suspected of Fraud On 11th of May it was annouced that Korean prosecutors have conducted search and seizure against the nation’s largest cryptocurrency exchange, UPbit, on charges of fraud. Prosecutors allege that the company has been transferring funds from customer accounts to a separate account. The separate account is suspected to belong to an executive at UPbit. The prosecutors have been investigating domestic exchanges since March. The first target of the investigations was Coinnest. Last month chairman of Coinnest, was detained over charges of embezzlement and fraud. As expected the market reacted badly. Follow me on social media: Telegram: https://t.me/crypto0coins Twitter: https://twitter.com/Crypto0Coins Facebook: https://www.facebook.com/crypt0coins/ Steemit: https://steemit.com/@dmae Twitch: https://www.twitch.tv/dmae I no longer accept donations! Love you but keep in mind that this is not a financial advice!