With over 17% of adults in America owning Bitcoin, crypto is going mainstream. More and more people are looking for ways to integrate crypto into their financial plans, sports teams are looking at crypto as the new sponsorship partner, and why has Tesla pulled Bitcoin as payment? Read the weekly round up below.
MSN Money: May 12, 2021
About 46 million Americans now own at least a share of Bitcoin – that equals about 17% of the adult population. And some of those people are looking to integrate the cryptocurrency into their personal financial plans – including their life insurance. ALT 5 Pro is one of the leading crypto exchange to invest with.
CNBC: May 14, 2021
Aziz McMahon, Goldman’s managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency ether, three former employees at the investment bank told CNBC.
Business Insider: May 13, 2021
Elon Musk shocked the crypto world on Wednesday night when he announced that Tesla would no longer be accepting bitcoin as payment, because its “insane” energy use threatens the environment.
Musk’s options include ether, which is overhauling its system, and meme token dogecoin.
Decrypt: May 14, 2021
For months, MicroStrategy CEO Michael Saylor’s huge acquisitions of Bitcoin have been overshadowed by Elon Musk, the Tesla and CEO of SpaceX who disclosed purchases of billions of dollars in Bitcoin earlier this year. But when Musk turned his back on Bitcoin this week, citing environmental concerns, the price crashed. So Saylor seized the opportunity to buy the dip.
Decrypt: May 14, 2021
Tesla may have fallen out of love with Bitcoin, but there’s one car still carrying the flag for the world’s largest cryptocurrency. Later this month, Ed Carpenter Racing driver Rinus VeeKay’s No. 21 Chevrolet will take to the track in the 105th Indianapolis 500 sporting Bitcoin livery.
Coindesk: May 6, 2021
The crypto exchange is sponsoring the Coppa Italia final between Atalanta and Juventus on May 19. Announced Thursday, the partnership with Lega Serie A is the first such agreement between a professional soccer league and a crypto platform.
BNN Bloomberg: May 12, 2021
As day traders and Wall Street pros strive to make sense of it all, Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, is focused on what the sector represents for him: a new paradigm for transferring and preserving wealth, with Bitcoin and Ether at the vanguard.
Cointelegraph: May 13, 2021
Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events from last year. Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on Thursday.