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Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15
Bitcoin crashes after Tesla abandons the cryptocurrency as a payment method, the crypto world criticizes Elon Musk and DOGE staves off competition from a furry rival.
Bitcoin slips below $46K as correction deepens; institutions keep accumulating
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market.
Caitlin Long reveals the 'real reason' people are selling crypto
"Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets," said Long.
Solana pumps to all-time high as Bitcoin, altcoins lag
SOL was one of the top-performing cryptocurrencies on Sunday, outperforming Bitcoin and Ethereum by a considerable margin.
The regulators are coming for crypto: What investors need to know
Increasingly sophisticated and constructive regulation of digital assets promotes innovation and helps economies to flourish.
Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value
Firms with iconoclastic leaders, like Musk and Dorsey, “would be the most likely to take the plunge” and commit sizable cash balances to crypto.
FATF draft guidance targets DeFi with compliance
The final guidance expected to be issued by the FATF this summer might determine the next chapter for the decentralized finance space.
Defying COVID-19: Blockchain events make an in-person return
Due to the pandemic, many global events have been canceled, but some conferences can still be visited in 2021.
DeFi growth helps push crypto’s share of the global money supply above 2%
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption.
Maximalists at the movies: Bitcoiners crowdfunding anti-FUD documentary film
A crowdfunded effort aims to set Elon Musk and the mainstream media straight.