Crypto News Cast For May 6th 2022 ?

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8 Min Read

crypto news cast may 6th 2022 ?
Crypto News Cast 📮 06-05-2022

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1667 B
📊24h Mcap %:       -4.10%
⚠️Bitcoin Dom:        41.50%

📌Active Coins:       4529
📍24h Vol %:           15.80%
💲24h Vol:               $128 B

Crypto News Updates :

  • Iconic Fashion Brand, Gucci Will Start Accepting Bitcoin Payments
  • Polkadot Now Allows Users To Send Tokens Across Parachains Internally
  • As Inflation Spikes, Bitcoin Is Considered As A Risk-Off Assets
  • Binance Invests $500 Million In Twitter Acquisition, Alongside Elon Musk
  • Terra’s Luna Foundation Guard Has Acquired An Additional 37,863 BTC
  • California Issues A Crypto Executive Order, Posing The State For More Innovation
  • Binance Receives Permission To Conduct Digital Assets Trading Services In France
  • Dogecoin Is Now A Member Of The BIG3 Basketball Team
  • Retail Interest In Cardano Is Seeing Tremendous Growth
  • In An NFT Announcement, Starbucks Hints On Its Web3 Platform

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– Iconic Fashion Brand, Gucci Will Start Accepting Bitcoin Payments

Gucci, the iconic fashion house, will start taking cryptocurrency in select U.S. sites later this month, with plans to expand the service to other North American locations this summer. Payments will be done in-store using a QR code that customers will get via email and scan with their bitcoin wallet. The stores will accept Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu, among other digital currencies. Read Full on Decrypt.

– Polkadot Now Allows Users To Send Tokens Across Parachains Internally

Polkadot has enabled the Cross-Consensus Messaging format for messaging (XCM). This means, for the first time, all Polkadot-based blockchains can connect directly with one another. The goal has always been to allow these parachains to communicate with one another, which XCM now allows. Users of these blockchains will be able to easily send tokens from one parachain to another as a result of this. Read Full on theblockcrypto.

– As Inflation Spikes, Bitcoin Is Considered As A Risk-Off Assets

Institutional engagement and reducing volatility in bitcoin vs traditional risk assets appears to suggest a clear split in favor of bitcoin, allowing investors to avoid the frequent problems of traditional assets, according to Bloomberg Intelligence. The report also shows bitcoin’s divergence as a conventional risk asset by comparing it to the Nasdaq 100 Stock Index’s year-to-date (YTD) data through May 3, displaying bitcoin as a risk-off asset. Read Full on Bitcoin Magazine.

– Binance Invests $500 Million In Twitter Acquisition, Alongside Elon Musk

According to data filed with the US Securities and Exchange Commission, major cryptocurrency exchange Binance was one of 18 co-investors in Elon Musk’s $44 billion acquisition of Twitter. Binance is the fourth largest contributor, with $500 million, after Lawrence J. Ellison Revocable Trust, which put in $1 billion. Sequoia Capital and VyCapital each contributed $800 million and $700 million. Read Full on cointelegraph.

– Terra’s Luna Foundation Guard Has Acquired An Additional 37,863 BTC

The Luna Foundation Guard (LFG), a Singapore-based NGO affiliated with the Terra Luna ecosystem, has raised an additional $1.5 billion to add to its already sizable Bitcoin (BTC) holdings. Through over-the-counter swaps with broker Genesis Trading, LFG was able to acquire 37,863 BTC. The agreement involved a $1 billion over-the-counter swap with Genesis in exchange for $1 billion in UST and a $500 million BTC. Read Full on cointelegraph.

– California Issues A Crypto Executive Order, Posing The State For More Innovation

Gov. Gavin Newsom of California issued an executive order on Wednesday setting regulatory rules for the digital asset business that safeguard investors while encouraging innovation. According to Newsom, the executive order attempts to bring regulatory clarity to the burgeoning asset class, positioning California ahead of the curve in terms of looming federal policy, building the groundwork for consumers and businesses to prosper. Read Full on blockworks.

– Binance Receives Permission To Conduct Digital Assets Trading Services In France

On Wednesday, French financial regulators granted Binance, one of the largest cryptocurrency exchanges in the world, a digital asset service provider license. According to the Autorité des Marchés Financiers (AMF), a French financial market regulator, Binance can now operate its digital asset trading platform in France, which means it can facilitate digital asset custody, let users buy and sell crypto, and help users exchange digital assets for each other. Read Full on theblockcrypto.

– Dogecoin Is Now A Member Of The BIG3 Basketball Team

Dogecoin has joined the Big3 basketball league after Bill Lee, the founder of MyDoge, a self-custodial Dogecoin wallet, purchased all 25 fire-tier editions of the Aliens, a Big3 team. Big3 will adopt Dogecoin as a result of the purchase, culminating in the integration of the MyDoge wallet, which will allow players, coaches, and teams to earn Dogecoin tips on Twitter with just a tweet. Read Full on U.Today.

– Retail Interest In Cardano Is Seeing Tremendous Growth

Retail interest in Cardano is fast growing, with the balance held by traders (retail investors) or addresses holding ADA for less than a month jumping by as much as 186.19 percent in just 30 days. Simultaneously, the number of hodlers (those who have held the token for more than a year) has risen by 6.20 percent, while the number of cruisers (those who have held it for between one and 12 months) has risen by 10.49 percent. Read Full on Finbold.

– In An NFT Announcement, Starbucks Hints On Its Web3 Platform

Starbucks wants to offer a series of non-fungible token (NFT) collections. The popular coffee chain claims that its NFTs will enable unique experiences, community development, and customer involvement, in addition to its existing app-based digital environment. In addition to NFTs, the firm hinted to a full-fledged “Starbucks Digital Community Web3 platform,” which might be linked to in-store mobile payments. Read Full on coindesk.
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