Issue 4 June 16th 2021

Crypto News

Meet Blockster: the one-stop-shop social network for crypto enthusiasts

With a $1.7 trillion market cap and rising demand among institutional and retail investors, digital assets are on the right track to reach mainstream adoption.

However, in terms of the social media landscape, the cryptocurrency industry is rather fragmented.

Kim Kardashian is shilling ‘EthereumMax,’ but the SEC probably won’t be impressed

Celebrity influencer Kim Kardashian shared her hot “not investment advice” story on Instagram, tipping her followers to check out ‘EthereumMax.’

Kardashian’s online and social media presence is not to be underestimated, judging by her fan base that counts 228 million followers on Instagram, 69 million followers on Twitter, and 33 million followers on Facebook.

98% of CFOs say their hedge fund will invest in Bitcoin by 2026

Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found.

Intertrust Global — an international trust and corporate management company — polled the chief financial officers of 100 hedge funds globally about their intention to purchase crypto-assets. About 98% of them responded that they expect their hedge funds to invest 7.2% of their assets in cryptocurrencies by 2026.

Twitter Faces Criminal Liabilities for Third Party Content In India

Twitter has lost its intermediary status in India for failing to comply with the latest IT regulations that came into effect on May 25. The intermediary status offered a legal shield to social media platforms that protected them from persecution over content posted on the platform. This would also mean the social media platform would be treated as a publisher and face criminal contempt under the Indian Penal Code (IPC) for any content posted on the platform.

These High-Quality Altcoins Are Defying Gravity, According to Crypto Trader Elliot

Popular crypto analyst Elliot Wainman says he’s keeping a close watch on two altcoins that have made strong rebounds after the marketwide collapse in May.

In a new video, Wainman tells his 340,000 subscribers that he’s looking at Solana (SOL) after the hot smart contract platform bounced over 100% from its May 23rd low of $19.11.

Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows

Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years.

Crypto fan tokens a mixed bag for game-deprived soccer fans

Soccer fan tokens emerged as an offshoot of the tokenization craze in cryptocurrency sometime around 2019. Essentially acting as tokenized shares of influence, fan tokens give supporters of sports organizations the chance to take part in club polls, win unique prizes, and gain a small say in club decisions which are designed to spur increased fan engagement but are often only aesthetic in nature.

XP Network to Develop Elrond-Polkadot Bridge to Build NFT dApps

If you want to construct a non-fungible token decentralized application (NFT dApps) on numerous chains, there is good news. A new platform under development by XP Network has a unique design that enables anyone to do so. This permits applications to be created by using a no-code graphical interface that can be easily fielded or transferred to numerous chains like Polkadot, Facebook’s Diem, BSC, Ethereum, and Elrond.

Bitcoin Is 'Not Money', Says Bank of England's Andrew Bailey

The UK central bank boss continues to bash Bitcoin—but has his eye on stablecoins. The Bank of England’s governor today said that cryptocurrencies such as Bitcoin are “not money” but added that stablecoins—crypto assets that are pegged to fiat currencies—could become “systemic” in the financial system.

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