Crypto News Digest May 16 – May 22

16 May, 2021

Tesla backtracked on accepting Bitcoin, but there are car dealers that take it.

Norwegian billionaire Kjell Inge Rokke says bitcoin becoming mainstream is inevitable. Unlike Tesla, which stopped accepting cryptocurrency, Rokke’s company is now considering accepting bitcoin as a means of payment, emphasizing that Elon Musk’s comments about the cryptocurrency’s environmental issues have not changed anything.

A bitcoin mining company has vowed to be carbon neutral by the end of the year and in the future. This comes days after Tesla’s decision to halt BTC payments.

17 May, 2021

British gamblers more likely than public to use cryptocurrencies, but scepticism remains.

Raze Network, the first Polkadot-based cross-chain privacy protocol, announced its public distribution sale on Balancer Liquidity Bootstrapping Pool to make Raze tokens accessible in a fair, linear and decentralized manner.
Fake promised giveaways by celebrities such as Telsa CEO Elon Musk are being used by scammers to cash in on interest in cryptocurrencies, the U.S. Federal Trade Commission said on Monday in noting a jump in complaints about cryptocurrency fraud since October.

18 May, 2021

Decentralized organization Jenny DAO has paid $1 million for an NFT song produced by famous DJs Steve Aoki and Justin Blau, also known as 3LAU.

MicroStrategy, a business intelligence firm known for its support for Bitcoin, has confirmed its purchase of another 229 Bitcoin (BTC) worth some $10 million, bought at an average price of $43,663.

Iran has become the latest country to ban Bitcoin mining, albeit for select people. Apparently, the Iranian government has decided to stop its citizens from mining Bitcoin in their homes.

19 May, 2021

Wells Fargo is the next major banking and financial services provider to join the mix of offering crypto assets. The news comes after last week’s report that Swiss-based institution UBS Group AG was looking to make a similar move.

With Donald Trump blocked from Twitter, a group of high school and college students from Orange County is determined to make sure the former president’s 46,594 tweets are not forgotten as they turn the former President’s tweets to art and sold it as an NFT.

In another crackdown, China has refused to recognize virtual currencies such as bitcoin. In a joint statement issued on the People’s Bank of China’s WeChat account, banking and internet industry associations have stated that financial and payment institutions should no longer accept digital currencies as payment.

20 May, 2021

Decentralized computing cryptocurrency Solana (SOL) has surged in value after listing on Coinbase’s platform for professional traders.

As part of an $80 billion effort to update IRS auditing abilities, the American Families Plan wants to bring crypto transfers into the light of day as Biden proposes IRS disclosure of all crypto transactions $10,000 and up.

The Australian Minister for Financial services and the digital economy, Senator Jane Hume, has sounded a warning to crypto investors telling them to be aware of the risks associated with the assets.

21 May, 2021

Manchester City, reigning EFL Cup champions, have announced their plans to release an NFT collection to commemorate the title win.

The United States Secret Service and Office of the U.S. Attorney have issued a call for victims of 2017 EtherDelta’s 2017 hack to come forward and fill out a questionnaire.

Nets CEO, John Abbamondi, says that his organization is ready to make an announcement “in the coming weeks or months” in regards to cryptocurrencies. Specifically, allowing fans to buy tickets to home games using bitcoin (BTC) or other digital assets.

22 May, 2021

Immensus Group, which owns and operates 16 Domino’s Pizza stores in the Netherlands, is now offering its staff a part of their salary in bitcoin.

Tesla Inc Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto.

California man arrested after allegedly paying for murder-for-hire plot against former girlfriend with Bitcoin.

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