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Market Wrap: Bitcoin Falls for Second Straight Day After Tesla Action; Ether Follows
13.5.2021
“What saddens me is the way the weak hands and recent buyers see Elon Musk as a prophet, powerhouse and decisive figure in bitcoin,” said one trader
While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High
13.5.2021
After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced...
Buy the Dip: Microstrategy Grabs $15 Million More Bitcoin — Now Holds 91,850 BTC in Treasury
13.5.2021
Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins....
Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions
13.5.2021
Digital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the...
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
13.5.2021
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in...
Daigo Umehara Hospitalized After Contracting Covid-19 But Is Feeling Better
13.5.2021
This weekend, it was announced that Daigo Umehara, one of the greatest Street Fighter players ever, had contracted covid-19. He has since been hospitalized to get the care he needs as the esports pro came down with pneumonia.Read more
Bitcoin Rebounds After Tesla & Elon Musk Triggered Selloff
13.5.2021
The most popular cryptocurrency, bitcoin (BTC), recovered some of its sharp losses, fueled by Tesla's supremo Elon Musk as the car manufacturer said it has suspended vehicle purchases using BTC and is looking at other cryptoassets.
BTC plunged from almost USD 55,000 to USD 47,600, before recovering...
Target Stores Will Stop Selling Pokémon Cards After Shortages, Fighting
13.5.2021
Thanks to a combination of the pandemic, late-stage capitalism and people being assholes, Target stores across the US are about to halt all physical sales of certain trading cards, with Pokémon on the list.Read more
Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns
13.5.2021
Bitcoin has shed nearly 6% in an hour after Tesla suspended its support for payments in BTC
Sex Game Can't Get On Steam, Even After $20,000 Worth Of Attempts
12.5.2021
The developers of Holodexxx are at a loss. After spending months attempting to get their VR sex game onto Steam, they’ve hit a wall that no amount of self-censorship or mechanical refinement has been able to drill through: Valve’s nebulous definition of “pornography.”Read more
Ethereum price aims for $5K after reaching 3-year high versus Bitcoin
12.5.2021
Ethereum puts in two USD all-time highs in a day, but in BTC terms, it still has a long way to go
MoneyGram Goes Bitcoin After Ending Partnership With Ripple
12.5.2021
Major US money transfer company MoneyGram has teamed up with bitcoin (BTC) kiosk business Coinme to facilitate buying and selling this most popular cryptocurrency with cash through a network comprising thousands of new point-of-sale locations in the US and select foreign markets this year.
Coinme...
Goldman Sachs exec reportedly quits job after making Dogecoin fortune
12.5.2021
After working at Goldman Sachs for 14 years, a banker reportedly left the firm due to netting massive gains from his Dogecoin holdings
Goldman Sachs Executive Reportedly Resigns After Making Millions Investing in Dogecoin
12.5.2021
A Goldman Sachs executive has reportedly resigned from the investment bank after he made a fortune investing in dogecoin. The meme cryptocurrency is touted by a growing number of celebrities, including the Dogefather Elon Musk and Mark Cuban. Goldman Sachs Executive Quits After Making Millions...
Bullish sentiment begins to fade after Ethereum all-time high at $4,200
11.5.2021
Ethereum price soared to $4,200 but derivatives data reflects a decline in the bullish sentiment of Ether futures and options traders
Biden Economics: US Jobs Report Lackluster, Unemployment Extensions Hammer Supply Chain, Americans Want More Stimulus
11.5.2021
Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged...
Centric (CNR/CNS) Announces Migration to Binance Smart Chain
11.5.2021
PRESS RELEASE. London, UK — Centric announced an upcoming fork to the Binance Smart Chain (BSC), after almost 2.5 years on the TRON blockchain. Centric’s tokens, Centric Cash (CNS) and Centric Rise (CNR), will move to the BEP-20 token standard native to the Binance Smart Chain. Binance...
Bitcoin, Ethereum, Altcoins Fluctuate After Trimming Losses
11.5.2021
Bitcoin price started recovering from the USD 53,500 zone. BTC climbed above USD 54,500 and it is currently (12:00 PM UTC) trading below USD 55,500. A close above USD 56,500 could trigger a steady increase in the coming sessions.
Most major altcoins are showing mixed results. ETH climbed above...
Goldman Executive Quits After Reportedly Making 'Millions' Off Dogecoin
11.5.2021
Aziz McMahon, Managing Director for Emerging Market Sales in the London office of Goldman Sachs, has reportedly quit the investment bank where he worked for more than 14 years after making "millions" from his investment in dogecoin (DOGE).
While neither Goldman Sachs nor have McMahon...
El Corte Ingles Files for a Crypto-Related Trademark to Provide ‘Financial Services’
11.5.2021
El Corte Inglés, the biggest department store group in Spain, seems to be entering into the cryptocurrency sphere. After filing for a related trademark with the Intellectual Property Office of the European Union, they have registered “Bitcor”. Trademark Is a ‘Preventive...