{"id":7445,"date":"2021-05-24T06:42:03","date_gmt":"2021-05-24T06:42:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=7445"},"modified":"2021-05-24T06:53:30","modified_gmt":"2021-05-24T06:53:30","slug":"enable-cryptocurrency-regulation","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/enable-cryptocurrency-regulation\/","title":{"rendered":"May 24 Daily report: Ether slips below $2K, Elon Musk voices tepid support for crypto, Bitcoin gained just 10% since Jan 3, Chiliz takes to the track with Formula 1 fan tokens and India to enable cryptocurrency regulation"},"content":{"rendered":"\n

An urgent need for India to enable cryptocurrency regulation<\/strong><\/h3>\n\n\n\n

India to enable cryptocurrency regulation<\/strong> With the right checks and balances, combined with the fast-growing Indian consumer Internet economy, India can also become home to blockchain innovations that could drive India faster towards a $10 trillion economy. With the right checks and balances, combined with the fast-growing Indian consumer Internet economy, India can become a home to blockchain innovations that could drive India faster towards becoming a $10 trillion economy<\/p>\n\n\n\n

Ether slips below $2K for the second time in a week<\/strong><\/h3>\n\n\n\n

The value of Ethereum<\/a> is down 54% from its recent peak. Its combined market cap is now $226 billion, less than half of its all-time high. Ethereum (ETH) and most major altcoins declined sharply on Sunday, extending a ten-day selloff that has knocked out more than $1 trillion in combined valuation from the market. <\/p>\n\n\n\n

After the market-wide meltdown, Elon Musk voices tepid support for crypto<\/strong><\/h3>\n\n\n\n

After a crippling market downturn that may be picking up steam this weekend, in a Tweet this morning Elon Musk has voiced tepid support for cryptocurrencies. In response, Musk seemed to take a long view of the situation, saying that crypto\u2019s primary challenge isn\u2019t short-term price action, but instead an ongoing battle against fiat.<\/p>\n\n\n\n

While Bitcoin gained just 10% since Jan 3, this crypto trading strategy netted 2,150% ROI<\/strong><\/h3>\n\n\n\n

As the crypto market plunge takes its toll on Bitcoin<\/a> profits, some traders are using strategies based on sentiment and trading data to secure outsized gains. Bitcoin may be suffering through a succession of negative news stories, but some crypto investors are still celebrating major gains in 2021\u2019s altcoin bull market.<\/p>\n\n\n\n

Chiliz takes to the track with Formula 1 fan tokens<\/strong><\/h3>\n\n\n\n

While Chiliz<\/a> has effectively cornered the fan token market, multiple platforms continue to battle over the NFTs, memorabilia, and collectibles space. The popular \u2018fan token\u2019 reward and engagement blockchain Chiliz notched another win yesterday by signing a pair of popular European racing teams. <\/p>\n\n\n\n

\"bitcoin<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

An urgent need for India to enable cryptocurrency regulation India to enable cryptocurrency regulation With the right checks and balances, combined with the fast-growing Indian consumer Internet economy, India can also become home to blockchain innovations that could drive India faster towards a $10 trillion economy. With the right checks and balances, combined with the…<\/p>\n","protected":false},"author":11,"featured_media":7450,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[782],"class_list":["post-7445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-crypto-news","tag-an-urgent-need-for-india-to-enable-cryptocurrency-regulation"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/7445"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=7445"}],"version-history":[{"count":2,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/7445\/revisions"}],"predecessor-version":[{"id":7449,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/7445\/revisions\/7449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/7450"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=7445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=7445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=7445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}