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Daily Crypto News

May 20 Daily report: Uniswap v3 overtakes SushiSwap by volume, Ripple price back to the drawing board, MicroStrategy Scoops Up Extra 229 BTC Worth $10M, Musk Says Tesla’s “Diamond Hands” Will Help Market and Instagram is hosting

Ripple price back to the drawing board, will $1 hold ahead of recovery toward $1.6?

Ripple seemed to hold above $1.2 amid the trading on Wednesday. Ripple had shown resilience for a few days as it controlled the correction from $0.71. The post Ripple price back to the drawing board, will $1 hold ahead of recovery toward $1.6. The flash drop continued under $1.2 and $1 before finding support at $0.85.

Uniswap v3 overtakes SushiSwap by volume, on track to surpass v2 this month

Uniswap v3 is now the second-largest Ethereum-based decentralized exchange by volume, ranking only behind Uniswap v2.  Uniswap v3 has already overtaken SushiSwap to rank as the second-largest Ethereum-based decentralized exchange by trade volume.

MicroStrategy Scoops Up Extra 229 BTC Worth $10M

MicroStrategy Incorporated, a Nasdaq-listed business intelligence, and software firm topped up its Bitcoin (BTC) accumulation with an additional 229 Bitcoin (BTC) purchase in cash. The latest purchase, worth as much as $10 million, came few days after the company acquired 271 units of the cryptocurrency, establishing its stance as a true Bitcoin investor. 

Musk Says Tesla’s “Diamond Hands” Will Help Market

Tesla CEO Elon Musk tweeted that his firm has “diamond hands,” implying that Tesla will not sell its Bitcoin holdings. Musk’s statement comes in the wake of a cryptocurrency market crash that brought Bitcoin prices down to $30,400. Justin Sun of TRON and Michael Saylor of Microstrategy also announced their dedication to holding Bitcoin.

Instagram is hosting a professional development panel for NFT artists

Instagram is hosting an event for non-fungible token (NFT) creators as part of its inaugural “Creator Week.” The virtual program features a series of invitation-only events to solicit feedback from creators on how the Instagram and Facebook platforms can better support their content. It’s slated to run three days, from June 8-10. 

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
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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 ...
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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 ...
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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 ...
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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 ...
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