Daily News Headlines | Latest Crypto News (28th May) | Cryptoknowmics
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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.
Cathie Wood Criticizes Elon Musk and ESG for Latest Crypto Crisis
ARK Investment Management’s Cathie Wood criticized Elon Musk and the ESG investors for the latest crypto crisis and showed concerns about Bitcoin prices going down. She said that institutional investors are concerned about Bitcoin’s environmental impact, which has seen its value drop by up to 50% in recent weeks.
Bitcoin Crosses $40k as Biden Presents New $6T Govt Spending Funds
As United States President Joe Biden is about to present a new $6T government spending funds proposal, Bitcoin (BTC) surpassed $40,000 at the expense of the US dollar. The BTC/USD exchange rate challenged its 200-day simple moving average for a breakout move to the upside, which is now at $40,756.
SEC is Reviewing Bitcoin ETF Proposals of Skybridge and Fidelity
The two Bitcoin ETF proposals namely Skybridge and Fidelity are now under review by the U.S. SEC, with more on the way. Anthony Scarmucci’s SkyBridge Capital and Fidelity Investment’s Wise Origin Bitcoin Trust are two Bitcoin ETF proposals that joined four others that are now under review by the SEC,
ZebPay to Launch a New Lending Platform for Crypto Exchange in India
ZebPay has announced the launch of a new lending platform for crypto exchanges. As revealed by the company, the platform is a first-of-its-kind crypto lending model in the country and will be allowing the users to lend their crypto assets to ZebPay earning interest on the same.
Sheetz Convenience Store Now Accepts Cryptocurrencies Payment
The Giant Sheetz Convenience store will accept Dogecoin, Bitcoin, Ethereum, and other cryptocurrencies. The announcement was made on Thursday after collaborating with the crypto payments company, Flexa.