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Cryptocurrency digest: spring 2021

Spring of 2021 was full of events and has been somewhat tumultuous. Let’s take a look at some key happenings in the world of cryptocurrency and blockchain.

China crackdowns on miners and cryptocurrency users

In early May, the prime minister of China called on tighter measures to regulate cryptocurrency mining and use. That is why several big mining companies stopped their operations in China. Among them - BTC.TOP and HashCow.

Elon Musk the biggest crypto newsmaker

A few times this spring, Elon Musk has managed to almost single-handedly wreak havoc on the cryptocurrency market and receive much publicity. After he tweeted a sandstorm with a dog face photoshopped over it, the Dogecoin price went up by 34% in a day. The second time was when Tesla discontinued support of BTC payments its support of bitcoin payments, that leaded to BTC being dropped in price.

Bitcoin experienced its third biggest price drop in history

The aforementioned events were among the reasons for the decline in value of BTC. Altogether, bitcoin dropped from its $67K in April down to $30K on May 19th.

Cryptocurrency market cap is close to $2 billion for the first time

The year 2021 has seen a mostly bullish trend for cryptocurrencies, so the cryptocurrency market cap hit the $2 billion mark in early April, which is very close to Apple’s market cap.

Keep reading

The Capitalization of Bitcoin will Grow by 60% in 2023 as Leading Wall Street Banks Lose $100 Billion

The Capitalization of Bitcoin will Grow by 60% in 2023 as Leading Wall Street Banks Lose $100 Billion

25 May 2023

This rise especially stands out against the background of the recent bankruptcies of leading U.S. banks and rising fears of an impending banking crisis.
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What a Banking Crisis Means for Cryptocurrency

What a Banking Crisis Means for Cryptocurrency

25 May 2023

The cryptocurrency community perceived this as a political solution directed to push cryptocurrencies out of the United States.
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What is the Howey Test and how does it Affect Cryptocurrencies?

What is the Howey Test and how does it Affect Cryptocurrencies?

25 May 2023

The Howey test is a legal tool used in the United States to determine whether a deal is an investment contract subject to federal securities legislation's jurisdiction.
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