This Report will provide you with some important and quick news about cryptocurrencies that happened around the world.
1) Celsius Network Contributes To Terra Meltdown, According To Nansen
The recent de-pegging of TerraUSD, which included DeFi lender Celsius Network, was carried out by numerous organisations, according to research company Nansen. The analytical company says it “refutes the conventional notion of one attacker” or “hacker” seeking to disrupt UST…[continue reading]
2) Paraguay Passes A Crypto Regulation Bill With A Vote Of 40-12
Other countries, such as Paraguay, are rushing to follow up and create laws for this unique asset class after El Salvador and the Central African Republic legalised Bitcoin as legal cash. They are taking cryptocurrencies more seriously in Latin America, where governments are now working to implement appropriate regulations…[continue reading]
3) SHIB, DOGE, And Other Crypto Payments Now Accepted By Top 100 Accounting Firm
An accounting business in Boston has just begun taking bitcoin payments using the BitPay payment processor, which is one of the world’s most popular. Shiba Inu ($SHIB) and Dogecoin ($DOGE) are two examples of cryptoassets inspired by memes that it accepts…[continue reading]
4) Swedish Central Bank Does Not Consider Bitcoin To Be A Form Of Payment
For Bitcoin to be recognised as a currency, it must satisfy the following three criteria: operate as a custodian (store of value), provide means of payment, and be used as a unit of account. Bitcoin and other cryptocurrencies are not currencies, according to a series of tweets sent by the central bank…[continue reading]
5) Terra Is Reborn With The Launch Of A New Blockchain And The LUNA 2.0 Airdrop
According to Terraform Labs CEO Do Kwon, the Terraform blockchain went live on the mainnet at 6 a.m. UTC today and is already creating blocks. The new chain tries to rebuild the Terra ecosystem after UST algorithmic stablecoin disintegrated a few weeks ago. Terra’s tokens collapsed, wiping down an estimated $40 billion in market capitalization…[continue reading]
6) Elon Musk Said That SpaceX Would Soon Accept It For Merch Payments
Dogecoin will soon be accepted as a method of payment by SpaceX CEO Elon Musk. Musk’s words have caused the meme coin’s value to spike in the past on similar occasions. After the news surfaced, the Bitcoin price rose by about 15%, but it quickly gave up most of its gains…[continue reading]
7) Deutsche Bank Believes Bitcoin’s Value Will Continue To rising
Speaking with CNBC on May 27, senior analyst and author of “Democratizing Finance” at Deutsche Bank Research, Marion Laboure discussed her perspective on cryptocurrency price behaviour in the context of demand surpassing supply as regulation approaches…[continue reading]
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