Crypto News Cast 📮 27-05-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1183 B
📊24h Mcap %: -50.88%
⚠️Bitcoin Dom: 45.90%
📌Active Coins: 4539
📍24h Vol %: 0.20%
💲24h Vol: $93 B
Crypto News Updates :
- Paraguay Government Greenlights Legal Framework To Guide Cryptocurrency Mining
- XRP Whales Buys Massively With Supply Held Hitting A Two-Month High
- Francis Suarez, The Mayor Of Miami Is Still Getting Paid In Bitcoin
- During Market Downtrend, Fidelity Bitcoin Investors Increased By 730%
- With Broader Market Correction, a16z Raises $4.5 Billion To Invest In Cryptocurrency
- Turkey To Launch Legislation For Bitcoin And Crypto Overview
- The Supreme Court Of China Urges For Widespread Deployment Of Blockchain Technology
- Cathie Wood’s Ark And 21Shares Files New Application For Spot Bitcoin ETF
- Draftkings CEO Said That The Company Is Now Accepting Cryptocurrency Payments
- Inflation, According To Top Regulator, Might Attract Investors To Assets Like Bitcoin
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– Paraguay Government Greenlights Legal Framework To Guide Cryptocurrency Mining
The Body of Deputies, Paraguay’s second chamber of Congress, has passed, with some revisions, a law that would govern cryptocurrency mining and trade. The bill’s goal is to turn Paraguay into an international mining centre, given that the country’s low electricity costs of roughly five cents per kilowatt-hour, the lowest in Latin America. Any individual or corporate miner will be required to apply for an authorization and license for industrial energy usage. Read Full on Finbold.
– XRP Whales Buys Massively With Supply Held Hitting A Two-Month High
XRP Whales holding between 1 million and 10 million XRP have been on a buying rampage as their supply reaches a two-month high. This set of whales has been the most active among non-exchange addresses, accounting for 6.12 percent of “all XRP” in their possession. Notably, The current circulating supply of XRP is 48.3 billion XRP, according to CoinMarketCap data, while the total supply is sitting at 100 billion XRP. Read Full on U.Today.
– Francis Suarez, The Mayor Of Miami Is Still Getting Paid In Bitcoin
Francis Suarez, the mayor of Miami and a vocal proponent of bitcoin, disclosed that he still receives his pay in the digital currency. He clarified, though, that this is not his sole salary, and that others may be paid in fiat cash. Suarez addressed the Terra debacle, stating that the LUNA/UST price crash has had no impact on his BTC goal. Francis Suarez became the first politician in the United States to be paid with bitcoin. Read Full on CryptoPotato.
– During Market Downtrend, Fidelity Bitcoin Investors Increased By 730%
The Bitcoin Index Fund has raised a total of $126.5 million, according to Fidelity Investments’ most recent filing with the US Securities and Exchange Commission (SEC). According to regulatory reports, Fidelity’s in-bound investments have fallen year over year. Despite the fact that the fund’s size has stayed unchanged in its second year, the number of investors has increased by 730 percent from 83 to around 689.Read Full on U.Today.
– With Broader Market Correction, a16z Raises $4.5 Billion To Invest In Cryptocurrency
Andreessen Horowitz, popularly known as a16z, has launched a new fund to invest $4.5 billion in the bitcoin business. The company has raised $7.6 billion in total funds for blockchain-related entities. The firm’s first fund was launched four years ago, during the infamous bull market, and the most recent one is being launched now. These types of negative market situations, according to Arianna Simpson, a general partner at a16z, give the best possibilities.Read Full on CryptoPotato.
– Turkey To Launch Legislation For Bitcoin And Crypto Overview
Turkey is very close to submitting draft laws in order to control the Bitcoin market, particularly businesses active in the sector, such as local exchanges. According to the officials, another law would require worldwide cryptocurrency platforms to build branch offices in Turkey that may be taxed. The announcement of this new rule comes after a year of scandals involving bitcoin businesses.Read Full on Bitcoin Magazine.
– The Supreme Court Of China Urges For Widespread Deployment Of Blockchain Technology
By 2025, the Supreme People’s Court of China has asked the Chinese legal system to use blockchain technology to connect courts across the country. In a recent document released, the Supreme Court stated that blockchain can be used to verify and share judicial data, legal documents, and reports. According to the document, there are approximately 2.2 billion judicial certificates on the blockchain.Read Full on Forkast.
– Cathie Wood’s Ark And 21Shares Files New Application For Spot Bitcoin ETF
ARK Investment Management, a firm formed by seasoned investor Cathie Wood, is attempting to create a Bitcoin (BTC) exchange-traded fund (ETF) in the United States for the second time. A proposed regulation change from the Chicago Board Options Exchange (CBOE) BZX Exchange is included in the application. The investment goal is to track the performance of Bitcoin by tracking the performance of the S&P Bitcoin Index. Read Full on cointelegraph.
– Draftkings CEO Said That The Company Is Now Accepting Cryptocurrency Payments
DraftKings, a publicly listed fantasy sports and sports betting company, has gone all-in on crypto, particularly NFTs. DraftKings has developed an NFT marketplace that is the only way to get NFTs from Tom Brady’s Autograph program. A CryptoPunk NFT was also given as a prize in a fantasy contest. DraftKings’ next roadmap may include accepting cryptocurrency as payment for fantasy contests and betting, according to CEO Jason Robins. Read Full on Decrypt.
– Inflation, According To Top Regulator, Might Attract Investors To Assets Like Bitcoin
Verana Ross, the chair of the European Securities and Markets Authority, has suggested that the current economic climate, which is marked by high inflation, may work as a spur for increased Bitcoin investment. The official warned that, in the event of growing Bitcoin adoption. The huge profits promised by cryptocurrencies, according to Ross, make investments like Bitcoin more appealing. Read Full on Finbold.
