Tesla Stops Accepting Bitcoin Payments, Ethereum Is Overvalued, eBay Enables NFT Trading On Its BTC Peer Platform – fr

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Tesla Stops Accepting Bitcoin Payments, Ethereum Is Overvalued, eBay Enables NFT Trading On Its BTC Peer Platform – fr


© Reuters Weekly Roundup: Tesla Stops Accepting Bitcoin Payments, Ethereum Is Overvalued, eBay Enables NFT Trading On Its Platform

  • As part of its economic stimulus package, Hungarian lawmakers plan to grant tax cuts to Bitcoin investors.
  • Software and data analytics company Palantir now accepts Bitcoin payments. There are also plans to add the main 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 Strengthens Crypto Industry Stake, Enables Retail Bitcoin Purchase.
  • Hedge fund legend Stanley Druckenmiller believes Bitcoin is here to stay. As for him, he is not so confident about the future of the digital asset.
  • Self-acclaimed Bitcoin founder Craig Wright has launched a lawsuit against 16 Bitcoin developers. Its mission is to recover $ 5.7 billion worth of Bitcoin.
  • Tesla (NASDAQ 🙂 put the entire crypto market into panic mode by announcing that it no longer accepts Bitcoin payments for its cars, citing energy consumption issues.
  • Rather than wait for the SEC to approve or reject its Bitcoin ETF application, Bitwise has launched a new crypto ETF that tracks the share of major publicly traded companies that operate in the crypto and blockchain industries.
  • MicroStrategy threw an additional $ 15 million on Bitcoin over the past week.

Ethereum

  • Analysts like JPMorgan (NYSE 🙂 are not confident about Ethereum’s current price. They say the digital asset is expected to trade at around $ 1,000. Speaking of price, Ethereum broke the $ 4,000 mark for the first time. times in the past week Contrary to their predictions, billionaire Mark Cuban believes the price of Ethereum has the potential to “explode.”
  • Hackers exploited an Ethereum-based DeFi project, Rari Capital, for $ 11 million.
  • Thanks to the coin craze, Ethereum fees are on the rise again, with average network transaction fees reaching all-time highs.

Other news

  • Yield Optimization Platform & Protocol (YOP) launched the first all-in-one application to combine DeFi yield generation, market data, IDOs and NFTs into one easy-to-use platform.
  • A bill to recognize the legal status of cryptocurrencies has been passed by the Texas House of Representatives. Likewise, lawmakers in Nebraskan are also pushing for a bill that would allow banks to offer crypto services.
  • Starting in July, Wyoming will begin recognizing Decentralized Autonomous Organizations (DAOs) as limited liability companies.
  • Swiss multinational investment bank UBS has joined the ranks of financial institutions that offer crypto exposure to high net worth clients.
  • Thanks to an investment in Dogecoin, a managing director of Goldman Sachs (NYSE 🙂 can now live his Lambo dream. Aziz McMahon quit his job at the bank after making his fortune through a DOGE investment.
  • Fantom uses blockchain to rebuild the education 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 NFT on its platform.
  • Crypto.com has received an MFSA Class 3 license in Malta.
  • Epik Prime, a global leader in creating branded digital items for businesses, has closed its private funding round.
  • Sotheby’s raised nearly $ 13 million from its Banksy “Love is in the Air” art auction.
  • The US Department of Justice and the Internal Revenue Service (IRS) have started investigating Binance Holdings for money laundering and tax evasion issues.

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