Crypto Morning News - May 25th, 2021
BTC broke $39,000, with an increase of 4.07% in 24H
BTC broke $39,000 and is now reported at $39,008.25, with an increase of 4.07% in 24H.
Yesterday, the outflow of BTC exchanges exceeded 95,000, valued at approximately $3.7 billion
According to Glassnode data, the number of BTC that flowed into the exchange on May 24 was 78,738, worth about $3 billion, and the number of BTC that flowed out of the exchange was 95,739, worth about $3.7 billion.
Coinshares report: The outflow of crypto investment products reached $97 million in 7 days, showing a net outflow for the second consecutive week
According to the Coinshares report, as of the first seven days of May 21, digital asset-related funds and investment products have experienced net outflows for the second consecutive week, with outflows amounting to $97 million, of which Bitcoin funds and investment products have net outflows of nearly 111 $million , Surpassing $98 million in the previous week to become the largest outflow in a single week since May 2019, the net outflow of Ethereum investment products reached $12.6 million, the first outflow in a year. In addition, the net inflow of other digital asset investment products increased, with Cardano inflow of $10 million and Polkadot inflow of $5.5 million. Coinshares said that investors are actively investing in Proof of Stake (PoS) tokens or out of environmental considerations.
Todd Morley, co-founder of Guggenheim Partners, will invest in a building in New York to build a wireless network that supports access to the blockchain
According to Bloomberg News, financial giant Guggenheim Partners co-founder Todd Morley is turning his attention to blockchain. In an interview, he said that he would invest in a new blockchain building in downtown Manhattan. The skyscraper will integrate a wireless network to improve access to digital ledgers, and at the same time, it will also include an NFT museum. Morley said: "This one building will be able to connect - sort of like a hand radio operator - connect everyone in New York City to a crypto trading wireless communication." The building will use the Overview network to seek to connect users with the blockchain Connected, it also allows them to trade their own digital currencies, including Emblems. Bitcoin users can already access the blockchain in other ways, such as through satellite networks.
Overline is run by CEO Patrick McConlogue, who was a data scientist at the hedge fund company Citadel. McConlogue said in an interview that the company is cooperating with JDS Development Group to establish a joint venture and plans to provide wireless networks on more skyscrapers, including some buildings outside of Manhattan. The goal is to allow anyone within a defined radius to wirelessly access the blockchain, whether it is a cellular network or an Internet connection.
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Musk: I chose Dogecoin because Doge has dogs & memes, whereas the others do not
Musk talked about the reasons for choosing Dogecoin in response to a question from a netizen on Twitter. A netizen asked, why not choose Ethereum 2.0, Cardano, Solana, Polkadot, IOTA or other cryptocurrencies? Musk replied, Doge has dogs & memes, whereas the others do not
Bitcoin, Ethereum, Google's global search popularity in the past 12 months hits a new high
Google Trends data shows that from May 16th to 22nd, the global search popularity of "Bitcoin" hit a record high in the past 12 months. From May 2nd to 15th, "Ethereum" has reached a new high in global search interest in the past 12 months.
IoTeX successfully activates mainnet v1.2, completes the upgrade and is fully compatible with Ethereum
IoTeX, a new generation of high-performance public chain, announced that the mainnet has completed a hard fork at block height of 11,267,641 and successfully activated the mainnet v1.2 version. The IoTeX network is fully compatible with the Ethereum tool Web3.js and various Dapps. Users can directly store, receive and send IoTeX mainnet token IOTX and other XRC20 tokens through the Ethereum ecological tool Metamask. It is reported that IoTeX was established in 2017 as an open source project in Silicon Valley. With the vision of linking the real world and the digital world, it is a high-performance public blockchain that is fully compatible with Ethereum.
Argo CEO: ‘This Isn’t the Start of OPEC’: New Bitcoin Mining Council Just Wants to Promote Greener Practices
According to a CoinDesk report, Peter Wall, CEO of the listed Bitcoin mining company Argo Blockchain, stated that the Bitcoin Mining Committee led by Musk and MicroStrategy CEO Michael Saylor will not change the code or homogeneity of Bitcoin, and will not distinguish between cleanliness. And unclean Bitcoin. “We're not talking about Bitcoin code or block size or anything related to changing the nature of Bitcoin,” said Wall, whose publicly traded company was one of a handful of mining firms that met with Saylor and Musk over the weekend. “We all love Bitcoin the way it is, as a decentralized, permissionless system." He also said that this is not a new OPEC. This organization just helps everyone to join hands and negotiate together. We are all independent and decentralized miners. We formed such a voluntary organization just to influence each other and promote the development of the industry. It is reported that OPEC is the Organization of Petroleum Exporting Countries. An international organization established by oil-producing countries in Asia, Africa, and Latin America to coordinate the oil policies of member countries and oppose the exploitation and control of Western oil monopoly capital. It was established in September 1960.
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PancakeSwap completes biggest burn
PancakeSwap completed the largest destruction in history, destroying a total of 5,735,530 cakes, worth $97,905,507.
MARKET DATA - TOP 10 [ from CoinMarketCap ]
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