England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies. Andrew Bailey, governor of the Bank of England, has warned crypto investors of the dangers of participating in the market.

Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” stating that “crypto assets” was a more suitable nomenclature for describing digital currencies. Source: Cointelegraph

As experts pinpoint various groups as Dogecoin’s vanguard, the coin’s potential base seems to be a wide coalition.
In recent weeks, it has been hard to get through a day without running into a headline, or 50, referencing Dogecoin (DOGE). The meme cryptocurrency has seen its price appreciate exponentially on the heels of a series of celebrity endorsements, including billionaire Mark Cuban, Kiss member Gene Simmons and entertainment icon Snoop Dogg. Source: Cointelegraph

The company’s Crypto20 index fund registered 221% growth quarter-over-quarter.
Cryptocurrency asset manager Invictus Capital saw significant growth in assets under management during the first quarter, highlighting the rapid uptake of digital assets among institutional investors.

Assets under management surged by 50% to $112 million in the quarter ending March 31, Invictus disclosed Thursday. The company’s Crypto20 index fund, a tokenized fund of the top-20 cryptocurrencies, registered 221% growth. Source: Cointelegraph

Miners are returning to Bitcoin as difficulty drops and revenues reach all-time highs.
Bitcoin (BTC) miners collected $60 million on a thirty-day average timeframe as of May 5, showing the first signs of recovery after last month's severe revenue drop that followed mass miner outages in China's energy-rich provinces.

In April, coal mining accidents and subsequent inspections in Xinjiang lacerated energy supply to the regional cryptocurrency mining industry. That forced miners to turn off their Application Specific Integrated Circuit (ASIC) hardware, which exclusively generates computing power to secure and put the "work" into Bitcoin's proof-of-work.
Source: Cointelegraph

Mainstream adoption of emerging technologies such as blockchain is inevitable, a transformation that younger generations will carry out.
Blockchain technology is one of the most promising technologies of our times, and the core concept of it is really simple. Essentially, it is a public ledger or database, and I think that public education about what blockchain actually is can be the key to its mass adoption.

Lack of knowledge and perception from the general public of the differences between blockchain technology and cryptocurrency are the major hurdles of mainstream adoption. Hollywood and the mass media still portray the industry as having a deep criminal element, associating it with the shady past of Silk Road and the darknet.
Source: Cointelegraph

Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets.
As blockchain technology and the public's awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems.

Despite its many applications, the original use case for Bitcoin (BTC) as a medium of exchange remains one of the most fundamental applications of blockchain technology and while BTC might not be the best asset to use for payments, there are service providers who have eased the process of settling transactions in other cryptocurrencies.
Source: Cointelegraph

CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard.
While key central bank figures in the West like Jerome Powell and Christine Lagarde appear to be procrastinating on the subject of central bank digital currencies, China continues to make significant progress.

China’s digital currency electronic payment project, or DCEP, helmed by the country’s central bank, continues to draw significant private sector participation. From tech giants, to e-commerce conglomerates, many of the major private sector firms are playing pivotal roles in the quest to create the digital yuan.

DCEP testing also continues to expand, with trial runs via lotteries taking place across several cities. Banks like the Agricultural Bank and the Industrial Commercial Bank have taken a leading role in these DCEP pilot protocols, creating user wallets for consumers.
Source: Cointelegraph