Daily Crypto News

May 17 Daily report: Bitcoin price drops to a three-month low, Facebook’s Diem Unveils Its Latest Stablecoin, Number of DOGE Traders Exceed Bitcoin’s, Ethereum Could Go Higher and Support Crypto Hardware Storage Device, Ledger

Bitcoin price drops to a 3-month low around $43,000

The price of bitcoin has continued the drop over the weekend and reached a three-month low below $43,000 early Monday morning UTC time. The price of the world’s largest cryptocurrency by market capitalization has plunged by over 10% in 24 hours to $43,000. Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin price drops to a 3-month low around $43,000.

Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stable coin with its focus scaled back to the United States. This decision was later confirmed by the Swiss Financial Market Supervisory Authority. 

Number of DOGE Traders Exceed Bitcoin’s, says KuCoin CEO

The hype for Dogecoin ($DOGE) has led to a trading frenzy, one that has surpassed trading volumes even for Bitcoin, the alpha cryptocurrency. The DOGE cryptocurrency has been dominating charts on most Korean crypto exchanges, leading to its eventual rise and popularity in decentralized media.

Billionaire Mike Novogratz Says Ethereum Could Go Higher, Ramps Up Crypto Investments

Billionaire investor and crypto firebrand Mike Novogratz believes that Ethereum has more upside potential despite its meteoric rise to a fresh all-time high of $4,362 earlier this month. In a new interview with New York Magazine, the founder and CEO of digital asset merchant bank Galaxy Digital unveils the factors that keep him bullish on the second-largest crypto asset. 

Samsung Galaxy Smartphones To Support Crypto Hardware Storage Device, Ledger

As per the press release, Samsung Galaxy smartphones will now be able to transfer and store assets on crypto cold wallets onto the Samsung blockchain wallet which is available on the devices. There is also the Samsung blockchain key store and a new connection that can be made to hardware wallets such as the Ledger Nano S and the Ledger Nano X. 

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