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Daily News Headlines | Latest Crypto News (15th 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.

 

Bitcoin Might Face Downside Action in the Short Term: Analyst

 

The CEO of crypto data analytics firm CryptoQuant, Ki Young Ju, said that there might be a further downside action in the short-term for Bitcoin as both whales and sellers have continued to offload BTC. From a high of around $58,000 on May 12th, BTC started to drop rapidly from the $54,000-55,000 region after Tesla stopped accepting Bitcoin payments for their electric vehicles.

Amrita Ahuja From Square Reveals Payment Company Doesn’t Plan More Bitcoin Purchases

 

The Chief Investment Officer of the payment company Square, Amrita Ahuja, has recently revealed that there are no plans to purchase more Bitcoin. As reported by the company, a $20 million impairment loss on Bitcoin investments in early May was recorded, but the fair value of its holdings surpasses their exceeding costs.

Polkadot Major Update: Parachain Auctions, and Crowd Loans Added to Kusama and Westend

 

Interested in making some major updates, Polkadot, a heterogeneous multi chain interchange and translation network, has announced the addition of Parachain auctions and the crowd loans to the Kusama and Westend. Notably, Polkadot assists scalable node structures, cross-blockchain transfers, and the ability to upgrade the network without carrying out a hard fork. 

101.5 Million XRP Move Through Exchanges in Past 22 Hours

 

Crypto tracking bot,  Whale Alert, revealed that a massive amount of XRP (101.5 million coins approximately) has been moved in the past 22 hours. Crypto exchange Binance, which is under investigation by U.S. authorities at present, took part in transferring this colossal sum of XRP along with multiple other top-tier crypto exchanges.

Bank of England Deputy Governor Says UK May Have to Issue a Digital Currency

 

The Deputy Governor of the Bank of England has argued with the possible surge of non-bank actors issuing currency. Public money in digital form could serve as an important newscaster of confidence and clarity in money as a social convention.