Crypto News Cast May 14th 2021 ?

in #news2 months ago

Crypto News Cast May 14th 2021 ?

Crypto News Cast 📮 14-05-2021

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

24hours Cryptocurrency Market Cap:

📈MarketCap: $2351 B
📊24h Mcap %: 84.00%
⚠️Bitcoin Dom: 40.30%
📌Active Coins: 6452
📍24h Vol %: -105.00%
💲24h Vol: $224 B

Crypto News Updates :

  • Bitcoin’s Mining Difficulty Hit a New All-time High
  • Elon Musk’s Tesla/Solar City May Announce Clean Bitcoin Mining Next Year
  • Mark Cuban Says Mavs Will Continue To Accept Crypto Payments
  • $8.7Trillion Asset Manager Believes Bitcoin Is For Long haul Inspite Dips
  • Galaxy Smartphones Now Has Crypto Hardware Wallets Features On Samsung Galaxy
  • Gemini's Assets Under Management Tops $30B
  • Elon Musk Claims He Is Working With Doge Devs To Improve Transaction Efficiency
  • Celsius Network CEO Says That Bitcoin Does Not Need Tesla
  • Intelligence Giant MicroStrategy Adds Additional 271 Bitcoin To Balance Sheets
  • Central Bank of Israel Drafts Model For Digitalised Shekel

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Bitcoin’s Mining Difficulty Hit a New All-time High

Bitcoin’s mining difficulty hit a new all time high on Thursday up to 21.53% at 25.05 trillion after dipping to 20.61 trillion in the last adjustment. Bitcoin’s hashrate also hit an all-time high this week according to several sources. Compass Mining CEO Thomas Heller shared that this is the largest absolute increase in history. Bitcoin difficulty grows or reduces depending on how the miners are competing on the network. Read Full on Twitter.

Elon Musk’s Tesla/Solar City May Announce Clean Bitcoin Mining Next Year

Anthony Scaramucci of SkyBridge Capital commented on Twitter about Elon Musk’s recent announcement about Tesla pulling out of Bitcoin payments. He said that Elon Musk is using this as an opportunity to call for eco-friendly Bitcoin mining. Scaramucci emphasized this with willingness to wager $251 on the fact that Elon has the intention to reform the Bitcoin mining industry with Musk’s Solar city or Tesla declaring “Super Clean Bitcoin Mining” next year. Read Full on U.Today

Mark Cuban Says Mavs Will Continue To Accept Crypto Payments

Billionaire investor Mark Cuban shared in a tweet that Dallas Mavericks will continue to accept Bitcoin, Ether, and Dogecoin as Payment for tickets and other merchandise. This because he believes that Bitcoin will be replacing gold as store of value and also help the environment. Unlike Tesla CEO Elon Musk’s who withdrew support for Bitcoin payment. Cuban also shared that Bitcoin will reduced the banks and benefit the environment. Read Full on cointelegraph.

$8.7Trillion Asset Manager Believes Bitcoin Is For Long haul Inspite Dips

After Bitcoin dropped to as low as $45,700 on the Tesla's Uturn announcement on bitcoin, people started questioning its future. Rick Rieder, the chief investment officer of BlackRock believes crypto isn't going anywhere, describing it as interesting and durable. He added that the volatility the space is experiencing is normal and would only last for a moment. He believes the crypto asset will overcome the drop and bounce back. Read Full on U.Today

Galaxy Smartphones Now Has Crypto Hardware Wallets Features On Samsung Galaxy

Smasung shows more faith in crypto by providing cryptocurrency hardware wallets to all Galaxy smartphones, including the Ledger Nano S and Nano X. Users now have access in the Samsung Blockchain Wallet app to store assets on selected cold hardware wallets then virtually import them. Samsung aslo shows support for cryptocurrencies ncluding Tron, Ethereum, Bitcoin, Klaytn and Stellar through cryptocurrency exchange Gemini. Read Full on Decrypt.

Gemini's Assets Under Management Tops $30B

As institutions and asset manager's interest grow, Gemini's crypto assets in custody is now worth $30 billion. BlockFi, Blockchange, CoinList, CI Global Asset Management and more are some of the large asset managers working with Gemini. New Constructs CEO, David Trainer said that Coinbase is Overvalued and due to the competition in the martet, it will drop to $100 and even lower as it can't meet up with future standards. Read Full on cointelegraph.

Elon Musk Claims He Is Working With Doge Devs To Improve Transaction Efficiency

Elon Musk shared in a tweet that he is working with “Doge devs to improve system transaction efficiency” and thinks it is “potentially promising.” In the past weeks, Dogecoin has received increased attention due to Musk’s influence. Also, Dogecoin would be launched to the moon literally in 2022, according to his recent announcement. Musk has also hinted that he was looking into alternative cryptos for Tesla to accept payments in, and has asked people if they want him to accept Doge. Read Full on Forbes.

Celsius Network CEO Says That Bitcoin Does Not Need Tesla

CEO of Celsius Network Alex Mashinsky emphasized that bitcoin still has a lot of prospects and will do well even without the input of Tesla CEO Elon Musk, who suspended Bitcoin payments for Tesla. Mashinsky describes bitcoin as the best performing asset class in the last decade. Celsius Network CEO said Musk can not have it both ways by dumping Bitcoin after making $300 million worth of profit from Bitcoin in the first quarter. Read Full on Finbold.

Intelligence Giant MicroStrategy Adds Additional 271 Bitcoin To Balance Sheets

Intelligence giant MicroStrategy, purchased extra 271 Bitcoin as an addition to its strategic reserves, another major move towards the CEO Michael Saylor’s conviction in the digital asset. The purchase was made on May 13 at an average price of $55,387, Saylor announced. The firm now has a total 91,850 BTC on its balance sheet at an average price of $24,403. MicroStrategy filed the purchase to the United States Securities and Exchange Commission. Read Full on cointelegraph.

Central Bank of Israel Drafts Model For Digitalised Shekel

The Central bank of Israel recently showcased the draft of what a digitalized version of the national fiat currency may look like. According to the draft, the people of Israel should be able to use the digital shekel for either online or offline. The Israeli central bank digital currency (CBDC) will provide some level of privacy. The project is coming up progressively, however final decision is yet to be made. Read Full on Bitcoin News.