Ethereum continues to grow on the markets, marking new highs driven by its community, while the SEC announces that the evaluation of VanEck's Bitcoin ETF is postponed until June. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍The rumors that Facebook, the world's largest social network, would announce investments in Bitcoin (BTC) In the presentation of their quarterly balance sheet, they caused a bullish sentiment in the crypto community that benefited the cryptocurrency.
The price of BTC rose to $56.150 a few hours before the social media company revealed its reports. However, at the time of writing, the price of BTC has fallen to $XNUMX. $54.500 after meeting the Reports first quarter earnings, where the company revealed that it has not made any investments in any cryptocurrency yet.
📍While BTC's bullish sentiment on Wednesday was based, in part, on Facebook's reports, Ethereum (ETH) continues to set new highs driven by its own community, which is celebrating the ability to operate on the network with cheaper commission rates.
ETH reached the $2.750 per unit, although its price is around $2.740 at the time of this writing. The market capitalization of ETH is over $317.000 billion, overcoming for the first time platinum is just 1.000 billion behind Paypal.
📍The price of Dogecoin (DOGE) The price of DOGE soared by more than 30% on Wednesday after Elon Musk tweeted, “The Dogefather SNL May 8th.” Immediately, the price of DOGE surged from $0,26, where it had been trading for the past 3 days, to $XNUMX. $0,32, the value at which it is listed at the time of this edition.
Whenever Musk tweets about DOGE the price of the cryptocurrency skyrockets.
Bitcoin and Blockchain Adoption
📍Nexon, the world's largest video game company, recently announced the investment of $100 million in Bitcoin. The company issued a release Bitcoins have been purchased for a total of 1.717 bitcoins, valued at around 11.100 billion yen, the company said in a press release. Each BTC was purchased at an average price of $58.226, the company revealed, although at the time of this writing, the cryptocurrency is trading at a price of $XNUMX billion. $54.500.
📍The restaurant chain brands Landry'sIncluding Bubba Gump Shrimp, are joining the Bitcoin trend, to start accepting payments with this cryptocurrency in the coming weeks. The president of the chain, Tilman Fertitta, said on CNBC that most of Landry's restaurant brands will accept bitcoins within the next 3 months.
📍Free market opens real estate purchases with Bitcoin in Argentina. According to reported The commercial manager of Vehicles, Real Estate and Services of Mercado Libre in Argentina, Matías Wepfer, the platform is accepting Bitcoin, as an asset that it offers “multiple advantages for real estate transactions, both for the buyer and the seller”So far, around 70 properties are offered in cryptocurrency.
NFT and DeFi Markets
📍The team Golden State of the NBA is the first professional basketball team lanzar a collection of non-fungible tokens (NFT). The digital collection, called Golden State Warriors Legacy NFT Collection, commemorates the team's six NBA championships, with a digital representation of their 6 rings won; and includes digital collectibles from their most iconic games in the history of the professional league.
📍Zoe Roth, the name of the girl featured in the “Disaster Girl” meme, earned nearly $500.000 from the recent sale of her meme as an NFT. The meme’s non-fungible token is auctioned on the Foundation platform, and received a winning bid of 180 ETH, which at the time of the auction was valued at $493.939.
Development and Technology
📍Opera announces the integration Unstoppable Domains’ “.crypto” domains to provide native, decentralized access to Web3 to its 320 million monthly users, from Windows, Mac, and Linux devices, as well as Android and iOS, without needing to download an extension.
Rules and Regulations
📍On Twitter, one of the most popular social networks in the world, several accounts related to cryptocurrency dash (DASH) were suspended. The measures were taken by the company because the accounts violate Twitter's regulations, the platform says without giving further details.
Source: Twitter
So far, the affected accounts are: @dashpay, @dash_textl, @dash_venezuela, @ernestocontrer. However, the official account of Ryan Taylor, CEO of Dash Core Group, @RTaylor05, has not been suspended by the platform. Some of those affected say they received an email with the notification of the suspension, without explaining what rules were violated for the accounts to be suspended.
📍The United States Securities and Exchange Commission (SEC) reported that the evaluation of VanEck's Bitcoin ETF approval application will extend until at least next June. The regulator says it requires sufficient time to thoroughly evaluate the proposal and issue an appropriate response.
All of the Bitcoin ETF applications the SEC has considered so far have been under review for the 240 days the regulator has to do the analysis, and all have been rejected. The crypto community is hopeful that new SEC Chairman Gary Gensler will see a Bitcoin ETF on U.S. soil this year.
IMPORTANT: Bit2Me News reminds you that before making an investment you must educate yourself and know where you invest your money, as well as the pros and cons of the system. Everything written here is for informational and educational purposes and should not, under any circumstances, be taken as investment advice or recommendations. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
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