NYDFS - The New York State Department of Financial Service. On the regulator's website there are two categories of assets: cryptocurrencies that are allowed to be stored in licensed firms, and crypto assets that are available for trading on exchanges. The second category includes BTC, ETH, BCH, LTC, BUSD, GUSD, PAXG and PAX. In addition to these cryptocurrencies, XRP and ETC were added to the first category.

A major South Korean Bank, KEB Hana Bank, has entered into a partnership with the country's toll road operator, under which it will launch a blockchain-based payment and ride accounting system.

The Bank plans to launch the system by the end of this year. Drivers can use the "Hana One Q" app to pay their fares. At the same time, drivers will even be able to get a refund for travel. The introduction of a contactless payment system was a step towards avoiding paying with cash or credit cards to reduce the risk of COVID-19 infection. 

CoinMetrics notes a high correlation between the price of gold and Bitcoin in recent months. At the same time, according to VanEck, the correlation between assets has increased since March. Correlation is a statistical relationship between two or more random variables. In its latest report, the analytical company CoinMetrics claims that the correlation between the price movement of gold and bitcoin is quite high, and this trend has been maintained over the past few months.

Right after Ethereum co-founder Vitaliy Buterin stated that stablecoins can transfer value between blockchains, we see the RenVM project announcing its core product on 27/05/2020. Now it is the only DeFi project brought up to bring cross-chain assets to the Ethereum ecosystem. First coins to be served that way are the following: BTC, BCH, and ZEC.

The Facebook Libra wallet was renamed to Novi and placed under the management of Facebook's subsidiary, Novi Financial. In a statement, Novi Financial reported that the name Novi was coined as a merger of the Latin words "Novus" ("new") and "VIA" ("path"), and the visual design of the logo should show the natural movement of digital currencies. Like the previous developer of the Calibra wallet, Novi Financial declares its independence from the parent company.

According to Ethereum co-founder Vitalik Buterin, stablecoins do not use one of the important features that allows transferring assets between blockchains.

E-Commerce platform Shopify from Canada has started working with CoinPayments. Now it will surely allow businesses accept payments using the platform (in cryptocurrencies). According to Shopify, which serves more than a million businesses in 175 countries, the partnership with CoinPayments will allow merchants of the platform to receive payment in cryptocurrencies. Last year, Shopify tested the CoinPayments solution before deploying it on the platform. Under the terms of the partnership, companies will be able to receive payments in any of the 1800 cryptocurrencies supported by CoinPayments. 

Pavel Durov informed subscribers of his Telegram channel about the completion of work on the TON project. 

Ripple has joined the ISO 20022 standardization body. Ripple is about to develop standards for data exchange and payments between global financial institutions. ISO 20022 mainly includes major international commercial banks, Central banks, and major payment companies such as SWIFT and Visa. The Ripple company became the first representative of the blockchain industry in ISO 20022.