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.
Simplex now allows an option of direct purchase of Cardano ADA tokens will be available from credit or debit cards, Apple Pay, or even bank transfers.
Undeniably, the partnership will license “millions of people” to secure Cardano (ADA) with a credit or debit card, Apple Pay, or via SEPA or SWIFT transfer “in a convenient and secure environment.” This move by the crypto infrastructure marks its identity as a “growing partner network, including multiple crypto exchanges, wallets, and brokers.
Tesla, the electric-car maker’s interest in crypto is not hidden from anyone in the sphere. The Bitcoin holdings of the crypto giant have mentioned in the SEC filings evidence worth $2.48 billion in merely the first quarter.
From the latest, in the first quarter, Tesla proves its liquidity by selling 10% of its total Bitcoin holdings which calculates to $272 million.
It is worth noting that Tesla is not in a mood to convert its Bitcoin earnings into fiat. The company at present will accept payment into Bitcoin only. At present, the company owns 41,953 Bitcoins in the first quarter.
An automated investment service firm based in Palo Alto, California, Wealthfront has announced to enable its clients to invest in the crypto industry. The official statement reads;
Wealthfront, one of the largest digital wealth management firms known as “robo-advisers,” will also allow clients to choose from a range of socially responsible investing options,” it said.
Wealthfront’s co-founder and Chief Strategy Officer, Dan Carroll, said “The changes reflected a growing desire from Millennial and Gen Z investors to make some investment choices, as well as a broader push by financial technology startups to provide a wider range of services within their platforms.”
A Thursday report has clarified that the US government is particularly keen on crypto regulation and its subsequent plans to combat ransomware. The report says experts will adopt more hostile ways of tracking digital currencies.
The new rules proposed by a public-private panel aims at penetrating the anonymity of crypto transactions. Undeniably, some would need congressional actions. However, the panel is looking at every aspect of difficulties that could be faced by the ordinance.
The panel includes representatives from reputed authorities like the FBI to the United States Secret Service and representatives from the major tech and security companies.
ConSensys has confirmed that the accumulation of transaction volume of MetaMask has doubled to $2 billion recently. It allows the users to access a browser extension, which can then be used to interact with decentralized applications making it to cross nearly $1 billion transactions in the previous month.
ConsenSys reported that “MetaMask’s quick growth stems from an interest in the Global South, with India, Indonesia, Nigeria, and Vietnam leading the way in terms of adoption.”
“Its app is popular in developing countries because many users in those areas trust crypto over traditional banking services or cannot access banking services at all.”
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