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Did Tesla Really Sold Its Bitcoin? Earnings Report Sheers Some Light

Tesla adding Bitcoin to its corporate treasury back in February was considered an inflection point for the cryptocurrency. A major corporation adopting BTC into its balance sheet seemed like a sign that the BTC has gone mainstream. CEO and “Technoking of Tesla” Elon Musk was apparently convinced by MicroStrategy’s CEO Michael Saylor to follow a…

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Cardano’s Inventor Predicts A “Internet Of Blockchain”, Will Users Benefit?

In an interview for Forbes, Cardano’s inventor and the CEO of Input-Output Global (IOG), Charles Hoskinson talked about consensus mechanisms, energy consumption, and the potential future for this industry. Based on interoperability, a subject IOG has been developing, Hoskinson called out Ethereum for trying to “lock” users into its ecosystem. Over the next three to…

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Crypto Betting Platform Bitcasino Now Accepts Cardano (ADA) as Payment Method

The world’s first licensed Bitcoin-led casino operator, Bitcasino, has made the progressive move to add one of the top cryptocurrencies, ADA, to its payment methods. Holders of the cryptocurrency Cardano (ADA) will now be able to join the Bitcasino community and participate in the vast range of games on the platform. Why Add Cardano? Cardano…

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Crypto community donates over $1.7 million in Ethereum and ERC20 tokens towards India’s coronavirus fight

Cryptocurrency holders and builders from around the world are pitching in funds to help India battle with the rising number of cases in the country, data and tweets from multiple sources show. This weekend, Ethereum co-founder Vitalik Buterin donated over $640,000 worth of Ethereum (ETH) and Maker (MKR) towards a crypto-focused relief fund to fight…

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Tether’s market cap hits $50B as stablecoin adoption grows

The 50 billionth USDT token has been minted, Tether has confirmed. The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign that the cryptocurrency bull market was still heating up.  Tether Operations Limited confirmed the milestone on Friday, with roughly 50 billion USDT now reported to…

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ConsenSys to develop private version of Kakao’s Klaytn blockchain

A private version of Klaytn is in being developed in order to take part in South Korea’s CBDC pilot, to be launched later this year. Ethereum software company ConsenSys has formed a technical partnership with Kakao’s Klaytn blockchain, with a view to developing a private platform for the issuance of a South Korean CBDC. Klaytn is…

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Binance to launch Microstrategy, Apple, and Microsoft stock tokens

The upcoming listings will bring the total number of stock tokens tradable on Binance to five. Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month. On April 26, Binance announced…

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Bitcoin markets record deepest retracement since Black Thursday: Raoul Pal

With Bitcoin’s relative-strength indicator slumping to levels not seen since the March 2020’s Black Thursday crash, Raoul Pal asserts BTC is overdue for a bounce. Investment strategist Raoul Pal has identified that Bitcoin’s fortnightly relative-strength indicator, or RSI, recently fell to levels not seen since the “Black Thursday” crash of March 2020.  The Global Macro…

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Top Chinese banks promote CBDC over local payment firms for shopping festival

Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China. Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay. In an April 26 report, Reuters revealed…

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OKEx Insights + Catallact : Bitcoin Market Witness the Growth of Retail Participation as Institutional Investors Continue to Lead

The flagship cryptocurrency, Bitcoin continues to be the community’s favorite as its value hovers over $50000 while exhibiting strong potential for further growth. The positive sentiment surrounding BTC has increased overall community participation and attracted a lot of institutional investors. While it was speculated that trade volumes of institutional investors would surpass their retail counterparts,…