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Crypto News Cast For May 29th 2021 ?


Crypto News Cast 📮 29-05-2021

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1498 B
📊24h Mcap %:      -69.00%
⚠️Bitcoin Dom:       43.40%
📌Active Coins:       6452
📍24h Vol %:          -14.28%
💲24h Vol:                $131 B

Crypto News Updates :

  • Regulators Cannot Shutdown Bitcoin Says Ark Invest Founder Cathie Wood
  • Cardano Alonzo Smart Contract Platform Launches on Testnet Alongside Rollout Plan
  • PayPal Bitcoin Volumes Hit New Record Highs of $300 million
  • India’s Bank HDFC Expects Legal Approval For Crypto in India
  • Bitcoin Miner Funds 700,000 Solar Panels Project in USA
  • Sweden Central Bank Sets To Launch e-Krona CBDC Trials
  • Andreessen Horowitz Plans To Raise $2 Billion For Third Crypto Fund


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- Regulators Cannot Shutdown Bitcoin Says Ark Invest Founder Cathie Wood

Cathie Wood founder of Ark Investment Management opined that Bitcoin is “already on its way” and it cannot be shut down and regulators will come to that fact very soon. Wood who is an ardent Bitcoin supporter shared this during her speech at the Consensus 2021 conference. She expects the regulators to eventually relax their stance on Bitcoin because they wouldn’t want to miss out on everything Bitcoin has to offer. Read Full on U.Today

- Cardano Alonzo Smart Contract Platform Launches on Testnet Alongside Rollout Plan

Input Output, the parent company of Cardano has launched the testnet for the Cardano Alonzo smart contracts platform and released its rollout plan. Alonzo is the first testnet for the platform and will launch in multiple phases. Each phase will be known with a particular color, the Current phase is coded blue. IOHK has started onboarding “a small, select group of SPOs & #Plutus Pioneers to help lay the foundations.” Read Full on BeInCrypto.

- PayPal Bitcoin Volumes Hit New Record Highs of $300 million

Bitcoin volumes on PayPal reached a new record high of more than $300 million according to data Recorded by itBit, its custodian. This new record is a major jump from circa $80 million a day to beat the previous all-time high record of $240 million in January. These significant volumes may have started stimulating competitors towards offering a similar service, including Apple Pay as seen around Apple’s job posting for a Crypto payment specialist. Read Full on Trustnodes.

- India’s Bank HDFC Expects Legal Approval For Crypto in India

HDFC, one of India’s top three banks published a report on crypto assets which says that soon enough Indians will have legal approval to deal in Crypto assets. This report by HDFC’s chief economist Abheek Barua came as a green light in the midst of fear of Crypto ban. According to the report, India plans to launch a Central Bank Digital Currency (CBDC). He opined in the report that tokens are here to stay. Read Full on Crypto Briefing.

- Bitcoin Miner Funds 700,000 Solar Panels Project in USA

Madison River Equity LLC seeks for Approval permit from the Butte-Silver Bow Zoning Board to install a 1,600-acre solar array. These 700,000 solar panels can give electricity to 40,600 homes. This project will produce almost 300 megawatts a year, 75 of it for Coin Miner LLC, a division of Atlas Power. The rest, 225 megawatts, could go to Northwest Energy or other utilities, including other industries in Montana. Read Full on Trustnodes.

- Sweden Central Bank Sets To Launch e-Krona CBDC Trials

Sweden’s central Bank called the Sveriges Riksbank, has been working towards its own central bank digital currency (CBDC), called the e-krona for some time. The Central Bank plans to run trials that is a pilot, of the CBDC with a live banking participant between Riksbank and Handelsbanken Sweden-based retail bank chain. This is a step forward from using simulated participants. Read Full on cointelegraph.

- Andreessen Horowitz Plans To Raise $2 Billion For Third Crypto Fund

Andreessen Horowitz’s plans to raise $2 billion for its third crypto fund according to sources. Report from the previous Month shows that the Crypto fund would draw between $800 million to $1 billion. A16z invested some of its capital into network scaling and non-fungible tokens (NFT) marketplaces startups. It invested $8 million toward the NFT platform startup RTFKT. The Company invested $23 million was OpenSea NFT marketplace. Read Full on theblockcrypto.

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