Categories
MIsc

May 22 Daily report: Rollercoaster By Dogecoin And Elon Musk, Saturday Is Bitcoin Pizza Day, Bitcoin price drops below $34,000, Cryptocurrencies Are Here to Stay and Polygon Became the Indian Tiger of Blockchain Platforms

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.

New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
Read More

USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
Read More

Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
Read More

Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes

On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape ...
Read More

Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million

Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” ...
Read More
Share with Others