Daily News Headlines | Latest Crypto News (11th May) | Cryptoknowmics

Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we

know it, in the coming days.

Swiss Investment Bank UBS Considers Offering Cryptocurrency Services

Swiss multinational investment bank, UBS Group AG is planning to offer cryptocurrency investments to its wealthy clients. Beyond cryptocurrencies, UBS is also exploring the use of distributed ledger technology to digitize its operations.

Malicious Tor Relays Are Exploiting Users’ Cryptocurrencies

Users of Tor Network are at risk of losing their cryptocurrencies to a continuous large-scale cyberattack, launched in early 2020. Reportedly, an unknown hacker has been placing a large-scale attack on the Tor Network for over a year, hijacking up to 25% of its “exit relay” capacity.

Ninepoint Allocates Management Fees to Even Out the Carbon Footprint

According to a release issued on Monday, Ninepoint Partners LP, one of Canada’s Bitcoin (BTC) exchange-traded fund issuers, has joined a partnership with carbon offset service provider CarbonX. Ninepoint will allocate part of its management fees to even out the carbon footprint of Bitcoin in its exchange-traded fund product.

‘Dogecoin Killer’ Shiba Inu Token Pumps Over 966% This Year

After Binance announced that it will be listing the Shibtoken on its platform, the DOGE imitator Shiba Inu token gained nearly 1,000% in the past 48 hours and went from $0.000003 to $0.000032. This rise in the value-added over 2,300,000% growth since the beginning of the year.

Chinese Company Urban Tea Now Accepts Crypto-Payments

Publicly traded tea company, Urban Tea, has started accepting crypto-payments at all of its Chinese stores. Urban Tea will accept payment in Dogecoin, Ethereum, and Bitcoin, at all the Chinese stores.