Crypto News Digest May 2 – May 8

2 May, 2021

A chief economist at UBS, the largest bank in Switzerland, sees a number of problems with bitcoin. In attempting to answer the question of whether the cryptocurrency defies the zeitgeist, he claims that “bitcoin is denied to those minority groups who have reduced online access.”

With bitcoin’s record-breaking run over the last few months, Berkshire Hathaway Vice Chairman and worldwide known investor Charlie Munger’s discontent for the digital asset has only grown “Of course I hate the bitcoin success,” the 97-year-old Munger said.

Visa Diving Into Cryptocurrency ‘in a Very, Very Big Way’ — CEO Outlines 5 Crypto Priorities

3 May, 2021

American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan” author Nassim Taleb.

Binance CEO Changpeng Zhao has commented on the volatility of Bitcoin (BTC), stating that the largest crypto by market capitalization is probably less volatile than the stock prices of similarly-sized companies by market capitalization such as Apple and Tesla.

Veteran trader and chart guru Peter Brandt seems convinced that a grisly price correction is inevitable. In a tweet on Sunday, the technical analyst warned that bitcoin and other cryptocurrencies will one day experience a “come to Jesus correction”.

4 May, 2021

Cramer says he owns ‘a lot’ of red-hot cryptocurrency ether that’s tripled bitcoin’s 2021 gain

Premier auction house Sotheby’s has said it will accept Bitcoin and Ethereum as forms of payment in an upcoming auction for Banksy artwork ‘Love Is In the Air’.

Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed.

5 May, 2021

It appears that Shark Tank investor Kevin O’Leary no longer thinks bitcoin is “garbage.” The chairman of O’Shares ETF told Yahoo Finance Live that he’s allocated 3% of his portfolio to the world’s largest cryptocurrency after his native Canada, and a handful of other countries, eased restrictions on institutional buying of the asset.

A marketplace for NFTs launched by Travala.com Co-founder Matt Luczynski will debut heavyweight boxing champ Tyson Fury’s NFT collection as it bids to become the go-to market to buy, sell, trade and bid on NFTs, and deliver a knockout blow to competing platforms.

According to a report by CNBC on Wednesday, New Digital Investment Group has inked a partnership with fintech staple Fidelity National Information Services, better known as FIS, to provide a framework for United States banks to offer crypto trading services to their customers.

6 May, 2021

U.S. banking giant Goldman Sachs has started offering Bitcoin-backed non-deliverable forward contracts to Wall Street investors, according to Bloomberg’s Matt Leising.

Argentine E-commerce platform MercadoLibre, which has been branded the “Amazon of Latin America” has stepped into the Bitcoin market. The company, which has several branches in the United States revealed that it had purchased almost $8 million worth of Bitcoin.

KnitFinance’s objective is to enable DeFi on Multiple chains which is limited to only two at present and to reduce entry barriers and asset risk for potential users. The platform has been designed to achieve the same with an architecture that is completely decentralized and is solely dependent on user consensus for governance.

7 May, 2021

DOJ Again Charges Crypto “Mixer” Under the BSA and District of Columbia’s Money Transmitters Act

Most central banks are wary of the whole cryptocurrency phenomenon, and on Thursday, Bank of England Governor Andrew Bailey repeated a warning he first uttered in 2017: “If you want to invest in Bitcoin, be prepared to lose all your money.” At the time, Bailey was the CEO of the Financial Conduct Authority (FCA), the United Kingdom’s version of the U.S. Securities and Exchange Commission.

US Senator Elizabeth Warren sees several issues with bitcoin and other cryptocurrencies. She said that “we need a good strong regulatory agency that can continue to update,” claiming that cryptocurrencies invite “investors to come in without the ordinary protections of the transparency and disclosures and auditing.”

8 May, 2021

Arnold Schwarzenegger is avoiding bitcoin, dogecoin, and other crypto. Warren Buffett might be the reason why.

US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors.

Lega Serie A is planning a special NFT set to celebrate the game, which will include the official trophy and match highlights. The non-fungible tokens (NFTs) will be introduced in collaboration with Crypto.com, a payment and blockchain website, following a long-term agreement between the two parties.

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