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“# Do 46 million Americans really own crypto? ” Crypto social media was abuzz after Newsweek published the article headlined “46 Million Americans Now Own Bitcoin, As Crypto Goes Mainstream” on May 11. The impressive figure was re-posted by notable Bitcoiners including MicroStrategy CEO Michael Saylor who tweeted: “The finance industry is taking crypto mainstream…
“# 9 CryptoPunks sell for $17M at Christie’s auction house ” Despite the recent NFT frenzy starting to cool, prized nonfungible tokens with historical significance are still fetching multi-million dollar prices. On May 12, famed New York-based auction house, Christie’s, tweeted that an auction for nine tokens from pioneering NFT CryptoPunks had cleared for nearly…
“# Billionaire Druckenmiller says ledger-based system could replace USD worldwide ” Billionaire hedge fund manager Stanley Druckenmiller has forecast the possibility of a crypto-derived ledger system overtaking the U.S. dollar as a global reserve currency. The hedge fund boss noted that if there were to be a U.S. dollar replacement it “would be some kind…
“# Balancer protocol launches version 2 of its automated market maker ” Balancer, a leading automated market maker, has launched version 2 of its protocol, promising faster speed, lower costs and improved liquidity. In addition to revamping the user interface, Balancer’s backend will provide more efficient routing for trades through “Protocol Vault.” The platform claims…
“# Coinbase overtakes TikTok for #1 position on Apple app store ” Major cryptocurrency exchange Coinbase’s mobile app now tops the charts for the U.S. Apple App Store. According to the Top Charts list on the Apple App Store, Coinbase is currently the most popular app in the United States, ahead of TikTok, YouTube, Facebook,…
“# Israel’s central bank floats possible digital shekel with new action plan ” The Bank of Israel is accelerating its research for the potential issuance of a central bank digital currency, or CBDC. In a statement from the central bank on Tuesday, the Bank of Israel said it was preparing an action plan to explore…
“# Online marketplace eBay to allow NFT sales ” Online marketplace eBay has introduced auctions for nonfungible tokens, or NFTs, to its platform. According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list NFTs. The company added that it would expand its policies and tools surrounding…
“# Data analytics giant Palantir now accepts Bitcoin payments ” Palantir, a $30-billion Colorado-based data analytics company founded by billionaire Peter Thiel, now accepts Bitcoin from clients as a form of payment. According to a CNBC report on Tuesday, Palantir said during its earnings call for the first quarter of 2021 that it had begun…
“# Block.one secures funding for $10B EOS-based crypto exchange platform ” Blockchain software firm Block.one has announced plans to launch a cryptocurrency exchange subsidiary. According to a release published on Tuesday, the platform — dubbed “Bullish Global” — will run on the EOS blockchain. As part of the announcement, the EOSIO developer revealed that it…
“# South Koreans flock to crypto amid a heavy-handed regulation approach ” In South Korea, one in three citizens either own cryptocurrencies or get paid in them. One-tenth of its population trades digital assets, and its youth unemployment rate hovers above 10%. It’s a competitive job market in the East-Asian nation, where high expenses enforce…