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Cryptocurrency News

Location American Cryptocurrency News for 16 May 2021
Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price di...
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Bridgewater Associates' Ray Dalio Warns Crypto's Success Could Bring Tough Regulation Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storeho...
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Square CEO Says 'Bitcoin Changes Everything for the Better' The CEO of Square Inc. says that “bitcoin changes everything for the better.” His comment followed one from Square’s CFO reaffirming the company’s corporate bitcoin strategy. The CEO also made a commitment to “...
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Bitcoin Cash Upgrades Successfully: Network Works as Intended On May 15, the Bitcoin Cash upgrade was applied successfully to the blockchain, bringing a slew of features directed toward improving the overall experience of users. This particular upgrade marks the start of a new upgr...
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Cobie Livestream Raises $800,000 in Crypto to Pay Child's Cancer Treatment Cobie, the host of the Uponly podcast and a popular crypto Twitter personality, bolstered a fundraising session for John Oliver, a six-year-old kid that is currently battling leukemia. The initiative was quite successful...
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DeFi growth helps push crypto's share of the global money supply above 2% The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption.
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Maximalists at the movies: Bitcoiners crowdfunding anti-FUD documentary film A crowdfunded effort aims to set Elon Musk and the mainstream media straight.
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Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoi...
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Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dog...
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Bitcoin slips below $46K as correction deepens; institutions keep accumulating After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don't negate the bull market.
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Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric c...
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Norwegian Billionaire: Bitcoin Becoming Mainstream Is Inevitable -- Elon Musk's Comments 'Haven't Changed Anything' Norwegian billionaire Kjell Inge Rokke says bitcoin becoming mainstream is inevitable. Unlike Tesla, which stopped accepting cryptocurrency, Rokke’s company is now considering accepting bitcoin as a means of payment, e...
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Solana pumps to all-time high as Bitcoin, altcoins lag

Coin Telegraph - 16 May 2021 16:49
Solana pumps to all-time high as Bitcoin, altcoins lag SOL was one of the top-performing cryptocurrencies on Sunday, outperforming Bitcoin and Ethereum by a considerable margin.
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John Lennon's Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Len...
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Does Digital Yuan Threaten Global Stability?

Crypto News - 16 May 2021 13:00
Does Digital Yuan Threaten Global Stability? Daniel Broby, Director, Centre for Financial Regulation and Innovation, University of Strathclyde. _____ China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot ...
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Why The Inflation Rate Doesn't Tell The Whole Story

Crypto News - 16 May 2021 12:00
Why The Inflation Rate Doesn't Tell The Whole Story Richard S. Warr, Professor of Finance, North Carolina State University. _______ Markets, economists and policymakers have been fretting about inflation for months, worried that the trillions of dollars being spent in rec...
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Iranian Tax Agency to Profile Owners of Cryptocurrency Exchanges Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of ...
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Major Music Festival Exit Takes Bitcoin for Tickets

Bitcoin.com - 16 May 2021 09:00
Major Music Festival Exit Takes Bitcoin for Tickets A popular international music festival, Exit, is now accepting cryptocurrency for tickets, products, and services. This year’s 20th-anniversary edition of the European event will be held in early summer and the festiva...
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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bi...
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