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Crypto News Cast For May 31st 2021 ?


Crypto News Cast ๐Ÿ“ฎ 31-05-2021

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

24hours Cryptocurrency Market Cap:

๐Ÿ“ˆMarketCap:          $1630 B
๐Ÿ“Š24h Mcap %:        89.50%
⚠️Bitcoin Dom:        42.60%
๐Ÿ“ŒActive Coins:       6452
๐Ÿ“24h Vol %:           -0.10%
๐Ÿ’ฒ24h Vol:                $114 B

Crypto News Updates :

  • Belgian Bank Considering To Launch Its Own Crypto
  • Sushiswap To Launch on Arbitrum Layer 2 Scaling Platform
  • Billionaire Stan Druckenmiller Says Bitcoin Has Won The Store Of Value Game
  • Max Keiser: Massive Cash Inflow Will Push Bitcoin 500% Higher in 2021
  • Chinese Traders Turn To OTC Desks Amidst Regulatory Crackdown
  • Ray Dalio Describes Bitcoin as a Better Alternative Currency
  • America's Oldest Bank BNY Mellon Creates Crypto Unit In Ireland
  • Ripple Scores Another Win Against U.S. SEC


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- Belgian Bank Considering To Launch Its Own Crypto

KBC, one of the largest insurance and banking companies in Belgium, announced its plans to launch its own cryptocurrency, slightly changing its approach to digital assets. KBC Coin, the bank’s native cryptocurrency, would be a kind of reward token that would allow the bank to develop interaction strategies with its customers, promote its platform, and compel users to adopt its services. At the moment, KBC Coin is not available to the public, but it is already in the testing phase via a private environment. Read Full on CryptoPotato.

- Sushiswap To Launch on Arbitrum Layer 2 Scaling Platform

Sushiswap Decentralized exchange gets ready to launch on Arbitrum Layer 2 scaling platform to avoid Ethereum transaction fees, according to a tweet by lead developer ‘0xMaki’ on May 31. Sushiswap roadmap includes plans to go multi-chain on Binance smart chain, Polygon, Fantom and Moonbeam. SushiSwap CTO Joseph Delong shared in a report that the Decentralized Exchange has been deployed to the Elysium platform. Read Full on BeInCrypto.

- Billionaire Stan Druckenmiller Says Bitcoin Has Won The Store Of Value Game

Renowned investor Stanley Druckenmiller has shared his views on dogecoin and ethereum. He said he wouldn't long or short dogecoin and laughs when the meme cryptocurrency rises in value. As for ether, he is skeptical whether it can hold its position. Druckenmiller said, bitcoin has won the store of value game because it is a brand, it’s been around for 13-14 years, and it has a finite supply. He further reiterated that it would be tough for other cryptos to replace bitcoin. Read Full on Bitcoin News.

- Max Keiser: Massive Cash Inflow Will Push Bitcoin 500% Higher in 2021

In a new interview on The Wolf of All Streets podcast, Max Keiser says massive money printing and fresh signs of inflation will force companies to increasingly buy BTC this year. He sees corporations taking part in a Bitcoin buying spree that fuels a 500% price surge by the end of 2021. He said, his price target for 2021 is still $220,000 per Bitcoin, It’s an aggressive price target, but it’s based on the US dollar running into severe trouble. Read Full on The Daily Hodl.

- Chinese Traders Turn To OTC Desks Amidst Regulatory Crackdown

Chinese traders now prefer using over-the-counter (OTC) trading desks in order to escape the regulatory crackdown from the government’s attempt to regulate and limit trading of Cryptocurrencies. Volume of Chinese OTC Transactions through peer-to-peer and third party platforms have Increased which can be seen in the exchange rate between the Chinese Yuan and USDT. China still takes up large sum of the global crypto trade despite the regulatory crackdown. Read Full on cointelegraph.

- Ray Dalio Describes Bitcoin as a Better Alternative Currency

Bridgewater Associates CEO Ray Dalio told Christine Tan of Managing Asia that Bitcoin is “an alternative currency.” He said that alternative currencies like Bitcoin is better than the digital versions of existing currencies and it is very vital to differentiate between the two. Dalio also shared in the interview that he is a Bitcoin holder. He said that Chinese digital Yuan might compete with Bitcoin but it can never overtake Bitcoin. Read Full on U.Today

- America's Oldest Bank BNY Mellon Creates Crypto Unit In Ireland

BNY Mellon, america’s oldest bank, is betting on the future of bitcoin and other cryptocurrencies by creating a new unit in Ireland which will allow clients to hold, transfer and issue digital assets. The bank, which entered the Irish market in 1994, has established a ’Digital Innovation Hub’ in Dublin, which is regulated by the Central Bank to act as a custodian for digital assets such as bitcoin, non-fungible tokens, central bank digital currencies. Read Full on U.Today

- Ripple Scores Another Win Against U.S. SEC

Distributed ledger tech provider Ripple has scored yet another significant win against the U.S. Securities and Exchange Commission. Magistrate Judge Sarah Netburn has denied the SEC's motion to get access to any legal advice Ripple sought or received regarding XRP's regulatory status. The decision has bolstered Ripple’s fair notice defense that is based on the premise that the agency failed to warn the company and other market participants about the fact that the cryptocurrency is an unregistered security. Read Full on U.Today

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