Crypto News Cast For May 5th 2021 ?

in #bitcoin3 months ago

Crypto News Cast May 5th 2021

Crypto News Cast 📮 05-05-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2356 B
📊24h Mcap %: 134.00%
⚠️Bitcoin Dom: 45.60%
📌Active Coins: 6425
📍24h Vol %: 4.15%
💲24h Vol: $257 B

Crypto News Updates :

  • Bitcoin and Ethereum Now Accepted By Sotheby's In Partnership with Coinbase
  • S&P Dow Jones Indices Launches Bitcoin and Ethereum Indexes
  • Clients Are Now Interested in Bitcoin Says JPMorgan CEO
  • Dogecoin's Market Cap Grows to $85 Billion, Overtaking XRP
  • About 44% of Total Bitcoin hashing Power Signaling For Taproot Upgrade
  • Dogecoin Receives Support from The Crypto Exchange, Gemini
  • Mastercard Survey Shows 40% Respondents Plans To Use Crypto Payments
  • Institutional Investment Managers Hold $13.9 Billion Worth Of Ethereum Products

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Bitcoin and Ethereum Now Accepted By Sotheby's In Partnership with Coinbase

Auction house, Sotheby's will now accept bitcoin and ethereum as announced by the CEO Charles F. Stewart on Tuesday broadcast of CNBC's "Squawk Box". This was in partnership with America's largest cryptocurrency exchange, Coinbase. It will help to process through the crypto payments. Charles F. Stewart said it wasn't a hasty decision as they have been thinking about it for some time. Sotheby in mid-April auctioned an NFT for $69.3 million. Read Full on U.Today

S&P Dow Jones Indices Launches Bitcoin and Ethereum Indexes

S&P Dow Jones Indices launched three cryptocurrency indexes on Monday, for Bitcoin, Ether and a combination of both with the tickers SPBTC, SPETH and SPCMC. This is the first S&P Crypto index. The announcement came from data from the partner firm Lukka. S&P’s crypto indexes are set to normalize bitcoin and ether data among Wall Street traders who is very interested in crypto price action. It also uses Lukka Prime’s methodology for Pricing. Read Full on CoinDesk.

Clients Are Now Interested in Bitcoin Says JPMorgan CEO

JPMorgan Chase CEO Jamie Dimon claims the clients of America's largest bank are interested in Bitcoin. He included that he has no right to tell clients what to do with their money, the clients choose what to do with their money. He acknowledged that Blockchain is real and people are using it. His bank is adopting the largest cryptocurrency, bitcoin. The Billionaire banker seem to have softened his stance on Bitcoin. Read Full on U.Today

Dogecoin's Market Cap Grows to $85 Billion, Overtaking XRP

According to CoinMarketCap data, Dogecoin has surpassed Ripple-affiliated XRP as the meme coin continues climbing the charts with its market cap at $85 Billion. This means that Dogecoin is now bigger than the popular BMW. Dogecoin has recorded nearly 16,000% profit since 2021 and is currently sitting in fourth place, being the best-performing coin in the past 24hours. Read Full on CoinMarketCap.

About 44% of Total Bitcoin hashing Power Signaling For Taproot Upgrade

Bitcoin Miners already started signaling Taproot upgrade which is already in progress. Taproot signaling now reflects about 44% of the total Bitcoin hashing power. AntPool and F2Pool which are the two largest Bitcoin mining pools by hash rate are among the first supporters of the Taproot activation in the mining arena. Other pools in support are Foundry USA and Slush Pool, with the latter responsible for mining the first signaling block. Read Full on cointelegraph.

Dogecoin Receives Support from The Crypto Exchange, Gemini

Cryptocurrency exchange Gemini supports dogecoin by allowing its clients in all 50 U.S. state access to trade and hold dogecoin, this will first kick off on Gemini's API and active trader applications for USD. Reports says Dogecoin might see more professional and institutional traders going all in into the meme coin. According to CoinGecko, dogecoin have seen over 20,000% profit since launch date and is currently priced around $0.50 with $66 billion market cap. Read Full on theblockcrypto.

Mastercard Survey Shows 40% Respondents Plans To Use Crypto Payments

Research conducted by Mastercard to check ‘Consumer Appetite for Digital Payments Takes Off’ among 15,000 respondents across 18 countries revealed that 40% of ten people plan to use cryptocurrency for payments within the next year. 67% of the respondents agreed they are now more open to using cryptocurrency than before while 77% wants to learn more about crypto. However, 75% said they would use digital assets if they are easier to understand. Read Full on cointelegraph.

Institutional Investment Managers Hold $13.9 Billion Worth Of Ethereum Products

More Investors are getting into Ethereum products. Institutional investment managers bought $30.2 million worth of Ethereum products last week which brought the total institutional holdings to $13.9 billion. Total institutional funds that flowed into ETH products in a month was a total of $170 million, and $824 million flowed into it a year. And the Investment Managers now hold a combined $13.9 billion worth of ETH. Read Full on cointelegraph.