Monthly Archives: May 2021

Cryptocurrency ethereum hits new record high again; dogecoin slum

By Gertrude Chavez-Dreyfuss, Tom Wilson and Tom Westbrook NEW YORK/LONDON/SINGAPORE (Reuters) -Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or “DeFi”, although some analysts said it was overvalued at current levels. Ethereum has soared this year, fuelled by the boom…

As scrutiny of cryptocurrency grows, industry turns to Washington

When federal regulators late last year accused one of the world’s most popular cryptocurrency platforms of illegally selling $1.38 billion worth of digital money to investors, it was a pivotal moment in efforts to crack down on a fast-growing market — and in the still-nascent industry’s willingness to dive deeply into the Washington influence game….

Elon Musk to send cryptocurrency-funded satellite DOGE-1 to Moon

Elon Musk-run SpaceX is now accepting the new cryptocurrency Dogecoin to launch an upcoming satellite named DOGE-1 to the Moon. The DOGE-1 is a cubesat to acquire “lunar-spatial intelligence” using onboard cameras and sensors, reports The Verge. The satellite is being developed by Geometric Energy Corporation and it will be flown onboard a Falcon 9…

Cryptocurrency mania sends Doge soaring, crashes Robinhood token

Investors are piling back into some of the fringe corners of the cryptocurrency world, with the frenzy sending Dogecoin surging more than 50% again and crashing Robinhood’s trading app. Other so-called altcoins also took off, with Dash spiking 18% over a 24-hour period through the European morning on Wednesday and Ethereum Classic rising almost 45%….