{"id":1682,"date":"2021-05-11T23:04:47","date_gmt":"2021-05-12T06:04:47","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1682"},"modified":"2021-05-12T12:26:46","modified_gmt":"2021-05-12T19:26:46","slug":"may-2021-weekly-recap-2","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2021\/05\/11\/may-2021-weekly-recap-2\/","title":{"rendered":"May 2021 &#8211; Weekly Recap 2"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">May 3rd, 2021 - May 10th, 2021<\/pre>\n<p>Welcome to our 2nd weekly recap for May.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1684\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may22021-260x160.png 260w\" sizes=\"(max-width: 2600px) 100vw, 2600px\" \/><\/p>\n<h2>Crypto News<\/h2>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.coindesk.com\/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash\">[1] Galaxy Digital to Buy BitGo for About $1.2B in Stock, Cash<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.yahoo.com\/grayscale-becomes-first-crypto-sponsor-193000855.html\">[2] Grayscale Becomes First Crypto Sponsor of NFL Team with Giants\u2019 Team-Up<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-05\/goldman-sachs-leads-investment-in-crypto-data-firm-coin-metrics\">[3] Goldman Sachs Leads Investment in Crypto Firm Coin Metrics<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Coin Metrics, a cryptocurrency and blockchain data provider to institutional clients, raised $15 million through investors led by Goldman Sachs Group Inc.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.coinspeaker.com\/nydig-fis-bitcoin-bank-accounts\/\">[4] NYDIG Partners with FIS to Bring Bitcoin to 300M US Bank Accounts<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.coindesk.com\/e-commerce-giant-mercadolibre-discloses-7-8m-bitcoin-buy\">[5] E-Commerce Giant MercadoLibre Discloses $7.8M Bitcoin Buy<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/binance-suspends-all-withdrawals-for-customers\">[6] Binance Suspends All Withdrawals for Customers<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Leading crypto exchange Binance has announced in a tweet the suspension of withdrawals for all assets.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptopotato.com\/npci-refuses-to-ban-cryptocurrencies-in-india-leaves-the-decision-to-banks\/\">[7] NPCI Refuses to Ban Cryptocurrencies in India: Leaves the Decision to Banks<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/bitcoinist.com\/dogecoin-plummets-30-from-highs-following-elon-musks-snl-appearance\/\">[8] Dogecoin Plummets 30% From Highs Following Elon Musk\u2019s SNL Appearance <\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Following weeks of speculation and extreme volatility, many traders were expecting Dogecoin to surge to new highs from Elon Musk\u2019s Saturday Night Live appearance. In anticipation of the Tesla CEO\u2019s debut on SNL, Dogecoin\u2019s price surged nearly 100% in the past week alone.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/bitcoinist.com\/sp-launches-first-ever-crypto-indices-for-bitcoin-and-ethereum-why-it-matters\/\">[9] S&amp;P Launches First-Ever Crypto Indices for Bitcoin and Ethereum: Why It Matters<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>S&amp;P Dow Jones Indices, one of the world\u2019s largest index providers, launched a new series of digital asset benchmarks.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap May 3rd, 2021 &#8211; May 10th, 2021 Welcome to our 2nd weekly recap for May. Overview\u00a0 Crypto News [1] Galaxy Digital to Buy BitGo for About $1.2B in Stock, Cash 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,<\/p>\n","protected":false},"author":4,"featured_media":1301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[30,52],"tags":[81,91,92,89,87,88,94],"jetpack_featured_media_url":"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/bitcoin-table-courses-finance-virtual-crypto-currency-money-coin1.jpg","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>May 2021 - Weekly Recap 2 &bull; SynQ<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/synq.tech\/a\/2021\/05\/11\/may-2021-weekly-recap-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May 2021 - Weekly Recap 2 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap May 3rd, 2021 - May 10th, 2021 Welcome to our 2nd weekly recap for May. 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