Weekly Recap
May 3rd, 2021 - May 10th, 2021
Welcome to our 2nd weekly recap for May.
Overview
Crypto News
Galaxy Digital, the cryptocurrency-focused financial services firm run by Michael Novogratz, said it has agreed to buy BitGo, the U.S.-regulated crypto custody specialist, for $1.2 billion in stock and cash.
Grayscale has become the first cryptocurrency company to sponsor an NFL team, the New York Giants. The Giants organization is hoping their partnership with Grayscale will help guide them in navigating the cryptocurrency ecosystem.
Coin Metrics, a cryptocurrency and blockchain data provider to institutional clients, raised $15 million through investors led by Goldman Sachs Group Inc.
In one of the latest and largest institutional moves towards the cryptocurrency market, NYDIG has announced a strategic partnership with Fidelity National Information Services (FIS) Inc (NYSE: FIS) to bring Bitcoin (BTC) to over 300 million United States banks in the coming months.
Latin American e-commerce giant MercadoLibre disclosed a $7.8 million bitcoin (BTC, +4.49%) purchase on Wednesday, making it the latest publicly traded company to park bitcoin on its balance sheet.
Leading crypto exchange Binance has announced in a tweet the suspension of withdrawals for all assets.
The National Payments Corporation of India (NPCI) does not intend to block cryptocurrency trading. Instead, it plans to leave the decision to individual banks and thus they can determine their own risk level.
Following weeks of speculation and extreme volatility, many traders were expecting Dogecoin to surge to new highs from Elon Musk’s Saturday Night Live appearance. In anticipation of the Tesla CEO’s debut on SNL, Dogecoin’s price surged nearly 100% in the past week alone.
S&P Dow Jones Indices, one of the world’s largest index providers, launched a new series of digital asset benchmarks.
