Tesla stops accepting Bitcoin payments, Ethereum is overpriced, eBay enables NFT trading on its platform By BTC Peers – About Your Online Magazine



© Reuters Weekly Roundup: Tesla stops accepting Bitcoin payments, Ethereum is overpriced, eBay allows NFT trading on its platform
  • As part of their economic recovery plan, Hungarian lawmakers are planning to give Bitcoin investors tax cuts.
  • Data analysis and software company Palantir now accepts Bitcoin payments. There are also plans to add the leading cryptocurrency to its balance sheet.
  • This week’s title of Bitcoin’s biggest critic goes to Nouriel Roubini. The American economist still believes that Bitcoin is a bubble.
  • MoneyGram is strengthening its participation in the crypto industry by allowing the purchase of Bitcoin at retail.
  • Hedge fund legend Stanley Druckenmiller believes Bitcoin is here to stay. As for, he is not so confident about the future of the digital asset.
  • Self-acclaimed Bitcoin founder Craig Wright filed a lawsuit against 16 Bitcoin developers. Its mission is to recover $ 5.7 billion in Bitcoin.
  • Tesla (NASDAQ 🙂 panicked the entire crypto market when it announced that it was no longer accepting Bitcoin payments for its cars, citing energy consumption concerns.
  • Rather than waiting for the SEC to approve or reject its Bitcoin ETF application, Bitwise has launched a new cryptography ETF that tracks the participation of major publicly traded companies operating in the crypto and blockchain sectors.
  • MicroStrategy invested another $ 15 million in Bitcoin last week.

Ethereum

  • Analysts like JPMorgan (NYSE 🙂 are not confident about the current price of Ethereum. According to them, the digital asset should be traded at around US $ 1,000. Speaking of price, Ethereum crossed the $ 4,000 benchmark for the first time last week. Contrary to his predictions, billionaire Mark Cuban thinks the price of Ethereum has the potential to “explode”.
  • Hackers exploited an Ethereum-based DeFi project, Rari Capital, taking $ 11 million.
  • Thanks to the meme currency craze, Ethereum rates are once again on the rise, with the network’s average transaction rates reaching new highs.

Other News

  • Yield Optimization Platform & Protocol (YOP) launched the first All-in-One app to combine DeFi Yield Generation, Market Data, IDOs and NFTs into one easy-to-use platform.
  • A bill that seeks to recognize the legal status of cryptocurrencies has been approved by the Texas House of Representatives. Likewise, Nebraskan lawmakers are also promoting a bill that would allow banks to offer cryptographic services.
  • Beginning in July, Wyoming will begin to recognize decentralized autonomous organizations (DAOs) as limited liability companies.
  • Swiss multinational investment bank UBS has joined the group of financial institutions that offer exposure to cryptography to wealthy clients.
  • Thanks to an investment in Dogecoin, a managing director at Goldman Sachs (NYSE 🙂 can now live his Lambo dream. Aziz McMahon quit his job at the bank after making a fortune from a DOGE investment.
  • Fantom is using blockchain to rebuild the educational system in Pakistan. The project also recorded 10 million transactions on its blockchain at record speed.
  • EBay (NASDAQ 🙂 became the first e-commerce giant to allow the sale of NFTs on its platform.
  • Crypto.com received an MFSA Class 3 license in Malta.
  • Epik Prime, a global leader in creating branded digital items for businesses, closed its private financing round.
  • Sotheby raised nearly $ 13 million from Banksy’s art auction “Love is in the Air”.
  • The U.S. Department of Justice and the Internal Revenue Service (IRS) have begun investigating Binance Holdings on money laundering and tax evasion issues.

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Paula Fonseca