Tesla stops accepting Bitcoin funds, Ethereum is overpriced, eBay allows NFT buying and selling on its platform By BTC Friends

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© Reuters Weekly Roundup: Tesla no longer accepts Bitcoin payments, Ethereum is overpriced, eBay enables NFT trading on its platform

  • As part of the economic stimulus package, Hungarian lawmakers are planning to grant Bitcoin investors tax cuts.
  • Software and data analytics company Palantir is now accepting Bitcoin payments. There are also plans to add the leading cryptocurrency to the balance sheet.
  • The title of Bitcoin’s greatest critic this week goes to Nouriel Roubini. The American economist still believes that Bitcoin is a bubble.
  • MoneyGram strengthens its involvement in the crypto industry and enables the purchase of Bitcoin in retail.
  • Hedge fund legend Stanley Druckermiller believes Bitcoin will stay here. He’s not that confident about the future of digital assets.
  • The self-proclaimed Bitcoin founder Craig Wright has filed a lawsuit against 16 Bitcoin developers. Its mission is to retrieve $ 5.7 billion worth of Bitcoin.
  • Tesla (NASDAQ 🙂 panicked the entire crypto market when it became known that Bitcoin payments were no longer being accepted for its cars, citing energy consumption concerns.
  • Instead of waiting for the SEC to approve or deny its Bitcoin ETF application, Bitwise has launched a new crypto ETF that tracks the share of top listed companies in the crypto and blockchain sectors.
  • MicroStrategy threw another $ 15 million on Bitcoin last week.

ether

  • Analysts like JPMorgan (NYSE 🙂 are not convinced of the current price of Ethereum. Accordingly, the digital asset should trade at around $ 1,000. Speaking of price, Ethereum broke the USD 4,000 benchmark for the first time last week. Contrary to their predictions, billionaire Mark Cuban believes that the price of Ethereum has the potential to “blow up”.
  • Hackers used an Ethereum-based DeFi project, Rari Capital, with $ 11 million.
  • Thanks to the meme coin mania, Ethereum fees are rising again and the network’s average transaction fees are climbing to new highs.

Other news

  • Yield Optimization Platform & Protocol (YOP) has launched the first all-in-one app that can combine DeFi yield generation, market data, IDOs and NFTs in a single easy-to-use platform.
  • The Texas House of Representatives has passed a bill to recognize the legal status of cryptocurrencies. Similarly, Nebraskan lawmakers 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 companies.
  • The Swiss multinational investment bank UBS is one of the financial institutions offering crypto exposure to wealthy customers.
  • Thanks to an investment in Dogecoin, a CEO of Goldman Sachs (NYSE 🙂 can now live his Lambo dream. Aziz McMahon quit his job at the bank after making a fortune with a DOGE investment.
  • Fantom is using blockchain to rebuild the education system in Pakistan. The project also registered 10 million transactions on its blockchain at record speed.
  • eBay (NASDAQ 🙂 is the first e-commerce giant to enable the sale of NFTs on its platform.
  • Crypto.com has obtained an MFSA Class 3 license in Malta.
  • Epik Prime, a leading global provider of digital branded goods for businesses, has closed its private financing round.
  • Sotheby has raised nearly $ 13 million from its “Love is in the Air” art auction from Banksy.
  • The US Department of Justice and the Internal Revenue Service (IRS) have started investigating Binance Holdings for money laundering and tax evasion.

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