Crypto News Digest May 23 – May 29

May 23, 2021

Billionaire David Rubenstein Says ‘Unrealistic‘ to Think Government Will Stop Cryptocurrency From Being What Investors Want.

Michael Hsu – the new chief of the OCC – revealed that the US independent bureau plans to put under review its crypto guidelines offered over the past year. He added that all federal banks should provide interpretive letters and guidance, including issues around digital assets alongside pending matters.

Huobi abruptly stops trading in China; In light of the Chinese government proposing a ban on Bitcoin mining and trading within the Mainland, however, the trading platform is now stopping some of its services in China.

May 24, 2021

Elon Musk says he talked to ‘North American Bitcoin miners,’ sending bitcoin price surging.

The Bank of Korea, South Korea’s central bank, has opened bids to fill the role of technology supplier for its upcoming central bank digital currency (CBDC) trial, local news outlet Korea Herald reported on Monday.

The Federal Reserve is stepping up its research on digital currencies, Governor Lael Brainard said, amid growing demand for digital payments.

May 25, 2021

Indonesia’s Central Bank Wants to Launch a Digital Currency in Rupiah. The main motivation for the decision is that due to the pandemic, the boom in digital transactions has been growing in the country.

Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent turmoil.

Goldman Sachs, an American multinational investment bank, recently conducted research and found that the crypto space is now a new asset class. The financial institution shared the findings of the research through a report on May 21, noting that crypto is undoubtedly Top of Mind.

May 26, 2021

Colorado wants to become the first state to let residents pay their taxes with cryptocurrency.

PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets

A 79-year-old South Park woman is suing Dollar Bank for negligence, alleging that it failed to stop her from wiring millions of dollars to scammers.

May 27, 2021

The Bank of Canada does not see a strong reason for issuing a central bank digital currency at the moment.

Tiger King” Joe Exotic has jumped into cryptocurrency, announcing that Tiger King crypto coins are now available for purchase on his website.

Graphics cards manufacturerGraphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter.

May 28, 2021

The US Treasury wants to expand crypto reporting to fight offshore tax evasion.

XRP holders gathered outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C. on Friday to protest the agency’s lawsuit against distributed ledger technology company Ripple.

West Midlands Police in the UK has stumbled upon an illegal bitcoin mining operation which it believed initially to be a cannabis farm.

May 29, 2021

Nigeria’s apex regulatory bank, The Central Bank of Nigeria (CBN), earlier this week hinted at its plans to create a digital Naira.

PandoraPandora Raises $2.4M From Industry Heavyweights to Bridge off-Chain Assets to Open Finance via NFTs

Star investor Cathie Wood has a message of reassurance for Bitcoin investors amid the din of ever harsherharsher regulatory rhetoric: officials won’t be able to make the largest cryptocurrency go away.

  • ​Invest early in emerging bull markets
     
  • Cash out ahead of market crashes
     
  • Count on years of experience
     
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