Cryptocurrencies Are Here to Stay, Says Billionaire David Rubenstein
Billionaire David Rubenstein’s private equity titan has revealed he believes cryptocurrencies like bitcoin are here to stay, dismissing suggestions the market is a fad and could fade away in the future. Speaking to CNBC on ”Squawk Box,” Rubenstein said he hasn’t personally invested in cryptocurrencies directly but has invested in companies that facilitate cryptocurrency trading.
The Real Estate Transaction Turned Rollercoaster By Dogecoin And Elon Musk
Elon Musk strikes again! Via Yahoo! Money we receive the story of Kyle Seyboth, a Rhode Island realtor. He accepted 160,000 DOGE, “worth about $50,000 (or around $0.31 per digital coin) at the time” for a plot of land. While the people involved in the Real Estate deal sorted out the contracts, DOGE went to the moon.
Saturday Is Bitcoin Pizza Day: Here’s How to Take Part
There are several ways to take advantage of promotions, contests, airdrops, and giveaways this year. Participating users can win free pizza, free cryptocurrency, and promotional items from various companies. Saturday, May 22 marks the eleventh anniversary of Bitcoin Pizza Day.
Bitcoin price drops below $34,000, pulling altcoins to multi-month lows
Another round of FUD helped to push Bitcoin price back below $34,000, placing further pressure on altcoins which now trade below multi-month lows. On May 21 the crypto market was hit with a fresh round of fear, uncertainty and doubt (FUD) which sparked another, albeit more muted, sell-off in Bitcoin (BTC) price and a majority of the altcoins.
Polygon Became the Indian Tiger of Blockchain Platforms
The project that started as a simple idea by a group of developers in Mumbai is now going stellar. Polygon recently saw user numbers increase by 75,000 in one week, many of whom were drawn in by one of the 93 apps running on the network. The success is reflected in the token price, too – MATIC has posted gains above 12,000% since January. Its current market cap is over $13 billion, putting it in the top 20 tokens by global ranking.