Monthly Archives: May 2021

Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate. 2510 Total views 11 Total shares Facebook-backed digital currency project, the Diem Association, has partnered with cryptocurrency-friendly bank Silvergate to launch a stablecoin pegged to the United States dollar.Diem announced Wednesday a new…

You can now use Dogecoin to buy luxury apartments in Portugal, with a penthouse currently on sale for around 5 million DOGE, worth roughly $2.2 million. 7957 Total views 24 Total shares Dogecoin has often been seen as a joke coin, or an asset for TikTok speculators to gamble on, but now you can buy…

Bitwise has launched a new ETF offering exposure to the top publicly-listed firms operating in the blockchain and crypto industries. 7085 Total views 13 Total shares Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF.Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital…

On May 13, Elon Musk sent shockwaves across the crypto markets by revealing that Tesla will no longer accept any BTC payments for cars until Bitcoin mining becomes more environmentally sustainable. Musk notes that while Tesla waits for Bitcoin to move to renewable energy, the firm will be looking at “other cryptocurrencies” that use less…

Gemini's crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, 4958 Total views 10 Total shares The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top U.S. exchanges.In a May 11 announcement, the exchange…

With Tesla’s suspension of Bitcoin payments causing chaos in crypto markets today, critics have targeted CEO Elon Musk’s cavalier attitude to the dramatic effects his words and actions can have on the sector.On May 13, Tesla and Musk announced that it had ceased accepting BTC as payment for vehicles due to concerns regarding the “rapidly…

Bitcoin has shed nearly 6% in an hour after Tesla suspended its support for payments in BTC. 18794 Total views 40 Total shares The Bitcoin markets are pulling back after electric car manufacturer Tesla suspended its support for vehicle purchases using BTC.In a May 13 tweet, Tesla’s CEO Elon Musk noted the company’s concerns regarding…

Never a dull day indeed. Today was among the busiest in recent DeFi memory, featuring a hack worth eight figures, a token dump worth upwards of eleven from none other than Ethereum co-founder Vitalik Buterin himself, a significant update on institutional adoption from Aave, and a proposal on Uniswap’s governance forums to turn $UNI into a…

The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu (SHIB), Dogelon Mars (ELON) and Akita Inu (AKITA) on the market and donated the proceeds to charity. Data from Cointelegraph Markets and TradingView shows that as meme tokens…