Monthly Archives: May 2021

Bitcoin (BTC) dipped below $50,000 again on Thursday as the fallout from Elon Musk’s criticism continued to resonate.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders wait for telltale buy signalsData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD failing to establish $50,000 as support after initially dipping to $45,650.Musk, speaking as CEO of Tesla, had claimed that…

South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country. 265 Total views 1 Total shares The Bank of Korea reportedly has plans to maintain strict oversight on crypto trading activity via real-name bank accounts.According to a report by The Korea Herald on Thursday, the BOK is…

Bitcoin (BTC) and altcoins' markets lost a combined total of up to $602 billion overnight in a shocker brought forth by Elon Musk.The billionaire entrepreneur did an about-turn on his decision to accept Bitcoin for the electric vehicles offered by his company Tesla. He cited environmental concerns, noting that Bitcoin mining requires many fossil fuel…

NFT game developer Animoca Brands is claiming the status of crypto’s latest unicorn after raising almost $89 million at a $1-billion valuation. 4931 Total views 18 Total shares NFT-focussed game developer Animoca Brands has announced the completion of an $88,888,888 capital raise based on a valuation of $1 billion.The raise was announced on Thursday, with…

SoftBank’s Masayoshi Son compares the popularity of Bitcoin to diamonds and bonds, but he still remains unsure about it. 2268 Total views 20 Total shares Tesla’s tag game with Bitcoin (BTC) might have triggered a race in the corporate world to invest in crypto, however, SoftBank still prefers to take a more cautious approach. Answering…

The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said.

Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million. 4042 Total views 19 Total shares Major auction house Sotheby’s has completed its cryptocurrency-enabled auction offering Banksy’s iconic protest artwork “Love is in the Air.”According to the auction results, Sotheby’s sold the physical artwork on Wednesday for $12.9 million,…

Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it's already bouncing back.On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground. With the drama still spreading, Cointelegraph considers why, on a fundamental level, Bitcoin is ultimately resilient to…