Daily News Headlines | Latest Crypto News (22nd 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.
A pictorial representation by Glassnode data aggregator depicts strong Bitcoin “dip buying” is still going on, while whales and institutions are withdrawing large quantities of Coinbase Bitcoin. The Glassnode chart shows that, except for Coinbase, Bitcoin balances have been increasing over the last two months on three major exchanges.
Governments wanting to stop cryptocurrency is “unrealistic at this point,” according to David Rubenstein, a former Smithsonian Institution Chairman. Furthermore, he highlighted the importance of digital assets in the financial sector and expected that they would not be driven out.
A supplier of exchange-traded funds (ETFs), Teucrium, has applied to the SEC (Securities and Exchange Commission) for a Bitcoin Futures ETF. The business hopes to offer potential investors a “cost-effective way to gain price exposure to the Bitcoin market.”
Crypto exchange operators BitMEX and FTX have recently committed to going carbon neutral through donations. FTX will be donating $1 million to offset emissions, whereas BitMEX revealed a few hours later after the announcement by FTC that it is planning to donate a portion of its withdrawal fees.
Notable crypto influencer, Scott Melker aka the “Wolf of All Streets” shared trading tips and tricks on joke cryptocurrency, Dogecoin. Talking to Insider Media, the popular cryptocurrency trader further shared that 70% of his portfolio is allocated to long-term trading strategies.