Crypto News Cast 📮 17-05-2021

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Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap: $1970 B
📊24h Mcap %: -189.00%
⚠️Bitcoin Dom: 40.30%
📌Active Coins: 6452
📍24h Vol %: 66.48%
💲24h Vol: $251 B

Crypto News Updates :

• Square CEO Says He Will Work Forever To Make Bitcoin Better
• Norwegian Billionaire Believes Bitcoin Becoming Mainstream Is Inevitable
• Tom Lee Remains Bullish On Bitcoin Despite Tesla's Abrupt U-Turn
• Vitalik Buterin Burns $6.7 billion SHIB Tokens As Reward To Holders
• Banking System Uses Much More Energy Than Bitcoin Report Shows
• Elon Musk Says Tesla Has Not Sold Any Bitcoin
• Mark Cuban Says Dallas Mavericks Would Be Happy to Accept ADA

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Square CEO Says He Will Work Forever To Make Bitcoin Better

Square CEO Jack Dorsey says that bitcoin changes everything for the better. He also made a commitment to forever work to make bitcoin better. His statement followed CFO Amrita Ahuja's tweet that says: “Our bitcoin strategy hasn’t changed. We’re deeply committed to this community, including working towards a greener future through our Bitcoin Clean Energy initiative. In another thread Dorsey argued, No single person (or institution) will be able to change, or stop bitcoin. Read Full on Bitcoin News.

Norwegian Billionaire Believes Bitcoin Becoming Mainstream Is Inevitable

Norwegian oil billionaire Kjell Inge Rokke believes that bitcoin could be worth millions of dollars. He owns almost 70% of the industrial investment company Aker ASA, which owns oil producer Aker BP that recently branched out into green technology and renewable energy. Rokke’s enthusiasm for bitcoin has made an impact on Aker, which now says it is open to the idea of accepting payments in BTC. Rokke believes that bitcoin’s entry into the mainstream economy is inevitable. Read Full on Bitcoin News.

Tom Lee Remains Bullish On Bitcoin Despite Tesla's Abrupt U-Turn

Fundstrat 's Tom Lee is confident that bitcoin will continue to rally in the wake of Elon Musk's abrupt reversal on allowing Tesla to accept the crypto as payment. He told, It is probably better to view it as a call to action for the bitcoin industry to focus on renewables or more efficient ways to provide proof of work. Yet, Lee is confident enough that market will move past Musk's flip-flopping that he has upgraded his bitcoin price outlook from $100,000 to $125,000 for 2021. Read Full on markets.businessinsider.com.

Vitalik Buterin Burns $6.7 billion SHIB Tokens As Reward To Holders

Ethereum co-founder Vitalik Buterin burned almost half of the total supply of Shiba Inu (SHIB) token that is 90% of tokens in his holdings in support of the generosity of the dog token Community. He shared this in a statement embedded into the transaction on May 16, where he emphasized his decision to burn $6.7 billion worth of SHIB tokens, and also to remove speculations around him. Buterin gave the remaining 10% to charity. Read Full on cointelegraph.

Banking System Uses Much More Energy Than Bitcoin Report Shows

Recent report by Galaxy Digital analyzed Bitcoin energy usage as compared to traditional banking energy consumption, results showed that the traditional banking system consumes more than double the energy bitcoin consumes. The report compared the energy consumption between the banking system, gold, and bitcoin. The Bitcoin network consumes an about 113.89 TWh/yr in total while the gold industry uses about 240.61 TWh/yr, and the bank consumes much more. Read Full on Bitcoin News.

Elon Musk Says Tesla Has Not Sold Any Bitcoin

Tesla CEO Elon Musk wrote in a tweet “To clarify speculation, Tesla has not sold any bitcoin.” This was after a lot of speculations during the heated exchange on Sunday with other crypto enthusiasts. People had speculated that Musk’s Tesla Company may have sold its bitcoins or is planning to sell them shortly. Also Tesla had said earlier that it would not sell its Bitcoin reserves after pausing Bitcoin payments. Read Full on Twitter.

Mark Cuban Says Dallas Mavericks Would Be Happy to Accept ADA

As Cardano keeps hitting new all-time highs, it has caught the attention of yet another billionaire: Mark Cuban. The Dallas Mavericks owner recently took to Twitter to ask the utility of the fourth-largest cryptocurrency, urging IOHK CEO Charles Hoskinson to pitch the project to him. When asked about whether the Mavs would accept the cryptocurrency, the “Shark Tank” host tweeted that he would be “happy” to sell for ADA if payment processor BitPay were to add it. Read Full on U.Today