Crypto News Digest May 9 – May 15

9 May, 2021

Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon.

In order to accelerate the growth and advancement of key ventures in Solana’s blockchain ecosystem, five strategic investment funds totaling $100 million have been launched.

Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory environment around three years ago.

10 May, 2021

The NFL legend retweeted a rumor about him buying up large sums of Bitcoin and then tapped into the popular laser eyes meme. Can a profile change to “Tom BTC” be far behind?

Arthur Hayes: Everything we know about the Bitcoin billionaire under U.S. investigation

Canadian investment fund Ninepoint Partners LP has announced that they will dedicate a portion of its crypto ETF’s management fee to offset the fund’s carbon footprint.

11 May, 2021

Palantir Technologies Inc has started accepting payment in bitcoin and is considering investing in cryptocurrencies, the U.S. analytics provider disclosed, the latest firm to pivot to digital currencies that are gaining wider mainstream acceptance.

Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the COVID-19 pandemic.

Musk asked his almost 54 million followers on Twitter if they wanted Tesla to accept Dogecoin. So far, the poll had received no less than 2 million votes, with the overwhelming majority replying “Yes.”

12 May, 2021

MoneyGram has taken cryptocurrencies further into the mainstream as the company will allow buying and selling of Bitcoin for cash across thousands of physical locations in the United States.

Ed Carpenter Racing team has removed all sponsor logos from its car for the first time in history. Indianapolis 500 pole winner Ed Carpenter will instead have his car fueled by Bitcoin (BTC) enthusiasts.

Prominent investor Bill Ackman offered a rather muddled take on digital assets during a virtual event on Wednesday, but the upshot may be that he views digital assets as a challenge for some investors because they have “no inherent value.”

13 May, 2021

Days after sending Dogecoin sliding, Musk announced that Tesla would no longer accept Bitcoin over environmental concerns—underscoring the extent of his sway over an already-volatile market.

14 May, 2021

Greenidge Generation Holdings Inc said on Friday it will operate an entirely carbon-neutral bitcoin mining operation at its upstate New York facility starting on June 1.

The City of Williston in North Dakota is now offering an additional option to make payments for utility bills in digital cryptocurrencies. The city administration has partnered with crypto payment processor BitPay to start accepting cryptocurrencies such as Bitcoin and Ethereum for utility bills.

Cryptocurrencies are exploding—and so is the Internal Revenue Service’s pursuit of Americans who aren’t paying taxes on them. With Tax Day approaching, it’s a good time to clean up your act if you’ve been lax about taxes on crypto.

15 May, 2021

Edward Chancellor – a British journalist and financial historian, explained that the first central bank digital currencies are likely to raise inflation which can lead to the destruction of Bitcoin. He agreed that CBDCs are ”cool” but certainly not stable.

Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Square has been one of the major companies driving adoption into Bitcoin. However, according to its chief financial officer, it’s not buying any new Bitcoin for now. This was after the payments processor recorded a $20 million loss in Q1 from its Bitcoin holdings.

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