Crypto News Cast For May 24th 2021 ?

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Crypto News Cast 📮 24-05-2021

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $1590 B
📊24h Mcap %: 311.00%
⚠️Bitcoin Dom: 44.30%
📌Active Coins: 6452
📍24h Vol %: 30.00%
💲24h Vol: $207 B

Crypto News Updates :

  • Europe and U.S. May Soon Lead In Bitcoin Mining
  • Cardano Hits Milestone With 1 Million ADA Wallets
  • Dynamo Kiev Will Sell NFT Soccer Tickets Next Month
  • Bank of Korea Get Ready To Launch CBDC Pilot Program
  • Bitcoin Miners and Oil Drillers in North America Partners To Mine Bitcoin
  • About Half of Hedge Funds Are Currently Investing in Crypto

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Europe and U.S. May Soon Lead In Bitcoin Mining

Jiang Zhuoer, the operator of major Chinese mining pool Lebit Mining, argued that the latest crackdown on crypto in the country would likely lead to miners relocating their activity to Europe and the U.S. He noted that previously, constructing mining farms overseas was considered too expensive for local miners—as costs could be ten times higher than in China—but many of them have changed their minds after this week’s statements from the government. Read Full on CryptoSlate.

Cardano Hits Milestone With 1 Million ADA Wallets

Proof-of-stake blockchain Cardano has surpassed 1 million ADA wallets. The cryptocurrency’s community has witnessed impressive growth in 2021. As of Jan. 1, there were only 203,519 ADA wallets, meaning that the number of addresses has increased nearly fivefold since the start of the year. While ADA is currently down 47.85 percent from its all-time high of $2.45 that was reached on May 16, the token is still up a staggering 691 percent year-to-date. Read Full on U.Today

Dynamo Kiev Will Sell NFT Soccer Tickets Next Month

Ukrainian favourites Dynamo Kiev are hoping to get in first when it comes to selling match tickets as non-fungible tokens (NFTs). The club’s crypto decision, announced Friday, is timed to coincide with the launch of Binance’s upcoming NFT marketplace in June. Tickets for Dynamo Kiev’s games will be sold on Binance’s marketplace by the end of next month. The club hopes that over 25% of their future tickets for home games will be sold as NFTs. Read Full on Decrypt.

Bank of Korea Get Ready To Launch CBDC Pilot Program

The Bank of Korea (BOK) gets ready to launch pilot program for its central bank digital currency. The pilot study will involve trials that will initiate internal banking activities like opening a savings account and transferring funds across accounts. The BOK CBDC pilot study will also look into mobile payment transactions. Also, South Korea’s central bank is working on its digital won and is looking towards collaborations to test the digital Won. Read Full on U.Today

Bitcoin Miners and Oil Drillers in North America Partners To Mine Bitcoin

Bitcoin miners in North America joins forces with oil drillers to mine Bitcoin, the number one cryptocurrency by market cap, with excess natural gas. Bitcoin miners are reportedly moving mining rigs to the oil drilling sites at North Dakota to leverage the extra energy from the natural gas to channel into Bitcoin. The wasted energy which comes from oil extraction and will be put into good use. Read Full on The Daily Hodl.

About Half of Hedge Funds Are Currently Investing in Crypto

Survey Report from PwC and Elwood Asset Management shows that 46% of the traditional hedge funds worth about US$180 billion assets under management are currently investing in digital assets or are about to. Currently about 3% of their total AUM is invested in digital assets. And 86% of the traditional funds that are already investing in cryptocurrency plans to invest more funds into Crypto by year end. Read Full on Forkast.