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Canceling a Tesla Order and More: Crypto Community Responds to Elon Musk’s Announcement

The shocking announcement made by Tesla and its CEO Elon Musk took the cryptocurrency space by storm. The company’s decision to remove BTC as a payment option for its vehicles and services brought prices down and attracted the world’s attention. Somewhat expectedly, the ever-vocal crypto community was quick to respond, from people canceling their Tesla...
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Bitcoin Can Be a ‘Highly Speculative’ Instrument According to the SEC

The United States Securities and Exchange Commission (SEC) alerted mutual fund investors about the risks in the Bitcoin futures market. The US agency even described the cryptocurrency as a ”highly speculative” asset. Don’t Ignore the Risks The price of the primary cryptocurrency skyrocketed during 2020 and continued its rally in the first months of 2021...
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MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations

In yet another move of further Bitcoin adoption, the American money transfer giant, MoneyGram, will allow users to buy and withdraw bitcoins from various brick-and-mortar locations. Cryptocurrencies continue to occupy the center stage of the fintech industry following a massive rally in both prices and popularity. Plenty of blue-chip and publicly traded companies have begun...
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First Spot: Coinbase’s App Surpassed TikTok, Instagram, and Facebook on iOS in the US

Coinbase’s mobile application has become the most popular app on iOS in the US. With its rise to the top, it has surpassed some highly utilized applications like TikTok, YouTube, Instagram, Facebook, and more. Coinbase Tops US iOS Chart According to data from SensorTower, the mobile application of the largest US crypto exchange has taken...
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eBay Now Allows the Sale of NFTs on its Platform

E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform. According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips,...
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Palantir Accepts Bitcoin for Payments and Considers Adding BTC to Balance Sheet

Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their balance sheet. Thiel Bets Big on Bitcoin Peter Thiel, the co-founder of Palantir (and, notably, PayPal), has been a long-standing cryptocurrency advocate. The company announced...
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Balancer V2 is Live Promising Lower Fees and Improved Experience

The automatic market maker (AMM) running on top of Ethereum, Balancer, announced that Version 2 of its platform is already live. It promises lower gas costs, a redesigned interface, and an enhanced user experience. Balancer V2 Arrives Built on Ethereum, Balancer is a DeFi protocol enabling users to trade ether and ERC-20 tokens in a...
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Indonesia Plans to Tax Crypto Trading

The Southeast Asian country of Indonesia considers a plan to tax trading with digital assets. However, a spokesman from the tax office revealed that the proposed scheme was still at the discussion stage, and no changes have yet been applied. The Crypto Environment in Indonesia The biggest economy in Southeast Asia – Indonesia – saw...
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Gemini Now Allows Users to Earn up to 2.25% Interest on Dogecoin

The US-based cryptocurrency exchange Gemini announced it will grant its customers the opportunity to earn interest on Dogecoin. They can realize as much as 2.25% annual percentage yield (APY) on the meme coin. With this innovation, Gemini Earn now accounts for more than $2 billion in loans for its customers. DOGE Coming to Gemini The...
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UBS Group Reportedly Planning to Launch Crypto Services to its Wealthy Customers

The trend of giant banks developing crypto services is expanded beyond the US with Switzerland’s UBS Group AG. The institution plans to enable its wealthy customers exposure to digital asset investments later in the year. By citing people familiar with the matter, Bloomberg reported that UBS Group AG is in the “early stages of planning...
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DOGE-1 Mission to the Moon: Dogecoin Payment Accepted by SpaceX

In what is set to be the largest and most high-profile DOGE transaction in history, SpaceX has accepted DOGE as payment from Geometric Energy Corporation to launch a Dogecoin-themed rocket to the moon (literally). Dogecoin To The Moon ‘To the moon’ is a common figure of speech in the cryptocurrency world denoting future price action...
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NPCI Refuses to Ban Cryptocurrencies in India: Leaves the Decision to Banks

The National Payments Corporation of India (NPCI) does not intend to block cryptocurrency trading. Instead, it plans to leave the decision to individual banks and thus they can determine their own risk level. NPCI to Pass the Decision to Local Banks The consequences of the COVID-19 pandemic caused colossal damages to the nation and many...
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Inspired by DOGE: Shiba Inu (SHIB) is up 500% Over The Past Week

Reminiscent of the late 2017 ICO craze, a large number of new small-cap cryptocurrencies are gaining market caps in the millions of dollars – for seemingly no reason. Most of them appear to be forks of each other, promising great things but never really delivering and derive their value from hype alone. DOGE: The King...
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MasterCard Poll: 40% of Surveyed Will Use Cryptocurrencies Within the Next 12 Months

The COVID-19 pandemic changed people’s beliefs and approach to finances as they are more openly embracing digital options, including cryptocurrency payments. A MasterCard survey showed these results as 4 out of 10 people said they plan to use digital assets in the next year. 40% of People to Use Crypto? It’s safe to say that...
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Crypto Market Cap Added $300B in 7 Days as Altcoins Explode: The Weekly Recap

The past seven days were particularly favorable for altcoins. This is mainly because bitcoin fails to produce any major gains in comparison, which has seen its total market dominance drop down to 44% – a level last seen back in 2018. It’s worth noting that the primary cryptocurrency is up more than 6% on the...
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Kraken Required to Provide Data on User Transactions Higher Than $20K to the IRS

A Californian court required Kraken to provide information on users who executed crypto deals for the equivalent of $20,000 or more between 2016 and 2020 to the IRS. The order comes amid growing concerns of strict cryptocurrency regulations coming for the United States. ‘John Doe Summons’ for Kraken A federal court in the northern part...
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Cardano (ADA) Staking Live on the US-Based Kraken Exchange

The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based...
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South America’s Largest E-Commerce Company Adds $7.8M Worth of Bitcoin to its Balance Sheet

Mercado Libre – the leading fintech and e-commerce company in Argentina – has joined other large corporations in holding BTC on its balance sheet. The institution revealed it purchased $7.8M worth of the cryptocurrency. Another Company to Buy BTC Purchasing the primary cryptocurrency and adding it to their balance sheets seems like a growing trend...
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DOGE is Young People’s Middle Finger to the System, Says Mike Novogratz

Mike Novogratz, in a research report, stated that Dogecoin is “the most honest shitcoin”, calling it a “store of value” for young people wishing to express a “little bit of a middle finger to the system”. Dogecoin’s Recent Price Action DOGE has entered a steep and stunning climb during the past few months, going from...
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Members of WallStreetBets Forum Alleged in Telegram Crypto Scam Stealing $2M in BNB and ETH

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by...
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NFL’s New York Giants Partner With Crypto Asset Manager Grayscale

The cryptocurrency space continues to expand beyond its borders as Grayscale has partnered with the professional American football team, the New York Giants. As a result, the largest crypto asset manager will become the “Presenting Sponsor” of the NFL team’s charity foundation. The four-time NFL champions announced the collaboration with Grayscale earlier today in a...
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Mike Novogratz’s Galaxy Digital to Acquire the Crypto Custodian BitGo

Galaxy Digital Holdings, the cryptocurrency-focused financial services company ran by Michael Novogratz, has agreed to purchase the digital asset custodian BitGo. Both parties commented that the acquisition aims to enhance institutional investors’ crypto experience. Founded in 2013, BitGo is a digital asset trust and security company headquartered in California. In the following eight years, the...
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China’s Central Bank to Partner With Alibaba’s Ant Group on Digital Yuan

People’s Bank of China and Alibaba Group’s affiliate Ant Group have joined forces to create a platform supporting the central bank digital currency. According to Global Times, PBoC has been working together with Ant and Tencent for the last three years on developing the e-CNY. A Move Towards e-CNY VOA News announced on May 3rd...
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The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

The head of Binance, Changpeng Zhao, recently gave his comments on the two largest cryptocurrencies – BTC and ETH. According to him, people nowadays need alternative coins for the new type of transactions, which may drive the price of ether up. CZ also predicted that many central bank digital currencies would be very different than...
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eBay Contemplates Adding Crypto Payment Option on its Platform

Major online marketing platform eBay has revealed that it is considering accepting cryptocurrency as a payment method while also exploring the non-fungible tokens (NFT) industry. eBay Mulling Adding Crypto Payment Option Speaking in a CNBC interview on Monday (May 3, 2021), eBay CEO Jamie Iannone stated that the e-commerce giant is looking at adding other...
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S&P DJI Releases Bitcoin and Ethereum Indexes

S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index (a combination of Bitcoin and Ethereum) will allow retail traders to easily gain exposure to these two behemoth cryptocurrencies. A Long-Awaited Move People have been waiting for a traditional finance product that...
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Spartan Protocol on Binance Smart Chain (BSC) Exploited: $30 Million Stolen

Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal...
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Another Scam Alert: MetaMask Warns Users of a New Phishing Bot

The popular cryptocurrency wallet MetaMask warned its customers of a new phishing bot that attempts to get their seed phrases. According to the team, the fraud tries to lead users to a so-called ”instant support” portal where they are prompted to enter information into a Google Docs form. The New Scam MetaMask – a project...
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CBDCs Could Harm Bitcoin But BTC May Replace Gold as a Store of Value: Deutsche Bank

While urging investors to treat bitcoin and other cryptocurrencies with caution, Deutsche Bank’s CIO, Christian Nolting, said the industry is “here to stay.” However, the executive sees the impending launch of CBDCs as a major threat to bitcoin in terms of serving as a currency. Instead, he outlined the asset’s similarities to gold and its...
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WisdomTree Launches a Physically-Backed Ethereum ETP in Europe

WisdomTree Investments, a NY-based fund manager, has launched a physically-backed Ethereum ETP on two European stock exchanges through its local subsidiaries. This becomes the organization’s second crypto-related ETP released in the past month, after an exchange-traded product following the performance of Bitcoin. WisdomTree’s ETH ETP Live in Europe Headquartered in New York, WisdomTree Investments is...
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Bitcoin (BTC) $ 95,864.68 0.40%
Ethereum (ETH) $ 3,544.76 1.36%
Tether (USDT) $ 0.999648 0.06%
Solana (SOL) $ 239.05 0.27%
BNB (BNB) $ 649.77 0.47%
XRP (XRP) $ 1.62 9.98%
Dogecoin (DOGE) $ 0.40332 0.39%
USDC (USDC) $ 0.999641 0.04%
Cardano (ADA) $ 1.06 6.11%
Lido Staked Ether (STETH) $ 3,546.98 1.27%