Portion of Bitfinex funds seized by Justice Dept – May 3

📈 30 Second Price Summary

Current Bitcoin Price: $5813

Bitcoin and Ethereum are both up 6% on the 24 hour chart, which is a little higher than the market average for the day. XRP is up only 2%, while Bitcoin Cash, Litecoin, and EOS are up 7-10%. Binance Coin is stationary following yesterday’s gains.

Top Stories for 3rd May 2019 🔥

👉 Portion of Bitfinex funds seized by Justice Dept

You may have heard that a portion of Bitfinex’s funds recently went missing, which resulted in hundreds of million of Tether (USDT) being printed to cover the discrepancy. Now, the house of cards appears to be falling down.

A portion of Bitfinex’ missing $850 million has been seized by the US Department of Justice, with multiple arrests being made against individuals who ran shadow-banking services allowing Bitfinex to bypass bank crypto bans.

👉 Fidelity survey: Institutions still eyeing crypto

Fidelity is an asset management firm with multiple trillion dollars of equity under its control. It now offers a Bitcoin custody service for institutional investors.

Following a recent survey, Fidelity has found that institutions are still eyeing cryptocurrency. Over half of the surveyed 441 institutions considered cryptocurrency “worthy” enough for an investment portfolio.

👉 Monero transactions reach all-time-high

As a fun fact for the day, privacy coin Monero has hit an all-time-high for the number of transactions recorded per 24 hours!