US regulators don’t want to “hinder” blockchain innovation – May 16

Current Bitcoin Price: $8221 (as of 8:05 AM PST)

It’s another day in the red this week, with most major coins like Bitcoin, Ethereum, and Ripple all down about 5% over the last 24 hours. Of the top 100 coins, the only appreciation has been in Veritaseum (#92), which has risen a very humble 0.78%

There is, however, good news to be covered today. We’ve seen a number of US regulators say they want to avoid “hindering” blockchain innovation, Amazon has teamed up with blockchain startup Kaleido, and quality assurance/risk management company DNV GL buys a stake in blockchain platform VeChain.

Top Bitcoin & Crypto News Stories for 16th May 2018

US regulators don’t want “hinder” blockchain innovation

Regulation is still a topic on everyone’s minds. The stricter governments choose to regulate the crypto world, the less attractive it becomes for many.

In a recent panel at a Coindesk conference in New York, officials from both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) agreed that they didn’t want to “hinder” blockchain innovation or interfere unnecessarily, disclaiming that they only spoke for themselves.

Amazon teams up with blockchain startup Kaleido

Amazon is the second biggest (by market cap) public corporation in the world, topped only by Apple, and is worth an estimated $777 billion.

Amazon Web Services is their cloud computing subsidiary, and have just teamed up with a new blockchain startup called Kaleido, a venture by blockchain incubator ConsenSys.

The firm seeks to provide simplified blockchain solutions to private clients.

DNV GL buys their chunk of crypto platform VeChain

DNV GL is a transnational quality assurance and risk management company, servicing a number of industries from their headquarters in Oslo, Norway.

They recently made the decision to acquire an undisclosed share of VeChain, the popular blockchain platform with its eponymous coin sitting at number 15 by market cap.

DNV GL hopes to build the backbone for many of its services onto the blockchain, using it to hold management certificates and product manufacturing cycles.