Former Director of the National Economic Council of the United States, Lawrence Summers stated cryptocurrencies will feature as the ‘Digital Gold’ and it will remain of prominent importance for the economy. Summer’s Digital Gold Theory Despite Bitcoin (BTC) selling short, Lawrence Summers commented positively upon the entire crypto industry, stating
Crypto Exchanges in Hong Kong will allow services to only professional investors. FSTB has been consulting on proposed changes to the current “opt in” system. Investors must hold portfolios worth HK $8M to qualify for professional investor status. Hong Kong-based crypto exchanges have to obtain licenses from the territory’s markets
Brooklyn Nets will allow their fans to buy tickets using digital assets in future. The CEO of Brooklyn Nets has not disclosed the name of crypto exchange. Several sports teams are embracing crypto space. The NBA’s Brooklyn Nets, a professional basketball team, makes its big step into the crypto market
Coinbase is in the process of acquiring Osprey Funds. The talks are at a high level and informal at this stage. Coinbase is the custodian for Osprey’s fund. The online secure cryptocurrency exchange platform Coinbase is in the process of acquiring asset management firm Osprey Funds, citing two people with
Cryptocurrency reaches its highest level of search volume in Google trends. The search interest peaked during the week of May 9th- May 15th, due to the fluctuations of bitcoin value. Google Trends tweeted a report showing that cryptocurrency holds more search quantity in recent times and reaches its all-time high
Bragg affirms Australia to develop comprehensive crypto regulations. Andrew Bragg appeared on the news channel, Sky News Bragg said everything is open to market manipulation. Andrew Bragg, an Australian senator affirms regulators to develop clear and comprehensive crypto regulations, to encourage crypto innovation and ensure global competitiveness Australia must introduce
XinFin Network partnered with booking platform Travala.com. The partnership allows XDC holders to book over 2.2M hotels and homes. Over 600 airlines, and more than 40k activities in over 230 countries. XDC holds 100th place on CoinMarketCap. On May 20, 2021, a global open-source hybrid blockchain platform XinFin partnered with
Entities of Saylor hold a total of 111,000 BTC and none of them have sold a single satoshi. He understands the fact that BTC would play a major role in the finance of the future. ETH drops down 50% of its market within 8 days. Michael Saylor, CEO of Microstrategy,
BSC PancakeBunny suffers a flash loan exploit. Due to the attack BUNNY value reduced to Zero Binance loss greater than $40 million in a significant attack. PancakeBunny, the most popular Binance Smart Chain (BSC)-based decentralized finance (DeFi) protocol. It has suffered a major exploit that allowed hackers to make off
Binance Exchange plans to list the leading IDO Polkastarter The exchange with a strong focus on altcoin trading is Binance Exchange Polkastarter has been built for cross-chain token pools and transactions. Binance exchange plans to list the leading Initial Dex Offering (IDO) platform, Polkastarter (POLS), on The Innovation Zone.
