{"id":1687,"date":"2021-05-18T12:55:14","date_gmt":"2021-05-18T19:55:14","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1687"},"modified":"2021-05-18T12:55:14","modified_gmt":"2021-05-18T19:55:14","slug":"may-2021-weekly-recap-3","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2021\/05\/18\/may-2021-weekly-recap-3\/","title":{"rendered":"May 2021 &#8211; Weekly Recap 3"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">May 10th, 2021 - May 17th, 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-1688\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/05\/may23021-260x160.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:\/\/u.today\/breaking-binance-under-investigation-by-doj-and-irs\">[1] Binance Under Investigation by DOJ and IRS<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Binance, the largest exchange by trading volume, is facing money laundering and tax evasion investigations from the U.S. Justice Department and the Internal Revenue Service, according to Bloomberg.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/bravenewcoin.com\/insights\/podcasts\/elon-crashes-bitcoin-the-bitcoin-mining-energy-debate-begins\">[2] Elon crashes Bitcoin &#8211; The Bitcoin mining energy debate begins<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Elon Musk tweeted today that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about the rapidly increasing use of fossil fuels for Bitcoin mining.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/binance-suspends-eth-and-erc-20-withdrawals-for-customers\">Binance Suspends ETH and ERC-20 Withdrawals for Customers<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Just now, major crypto trader Binance has tweeted that withdrawals of Ethereum and all tokens based on its ERC-20 standard will be suspended during temporary wallet maintenance.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/bitcoin-mining-power-plant-mentioned-by-elon-musk-to-go-carbon-neutral\">[4] Bitcoin-Mining Power Plant Mentioned by Elon Musk to Go Carbon-Neutral<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>New York\u2019s Greenidge power plant\u2014which has been repurposed for Bitcoin mining in 2017\u2014is going to be entirely carbon-neutral starting from June, Reuters reports.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/finbold.com\/core-scientific-ceo-musk-is-misinformed-blockchain-drives-push-into-renewable-energy\/\">[5] Core Scientific CEO: Musk is misinformed, blockchain drives push into renewable energy<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Crypto mining firm Core Scientific CEO Kevin Turner has dismissed the debate on bitcoin\u2019s environmental impact, terming the asset as 100% carbon neutral days after Tesla (NASDAQ: TSLA) suspended the digital currency payments over its carbon footprint.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.cryptoglobe.com\/latest\/2021\/05\/increasing-popularity-of-crypto-pressures-samsung-to-add-hardware-wallet-support-to-its-galaxy-smartphones\/\">[6] Increasing Popularity of Crypto Pressures Samsung to Add Hardware Wallet Support to Its Galaxy Smartphones<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>South Korean tech giant Samsung has added support for third-party cryptocurrency hardware wallets to its Galaxy smartphones. These wallets including the Ledger Nano S and Nano X.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.trustnodes.com\/2021\/05\/17\/tesla-falls-as-bitcoin-plunges\">[7] Tesla Falls as Bitcoin Plunges<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Tesla\u2019s price has fallen another 4% today as the stock continues its downtrend from the high of $900 in January to $564 at the time of writing as pictured above.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/bitcoin-btc-surprisingly-mentioned-in-sony-patent-filing-see-the-concept\">[8] Bitcoin (BTC) Mentioned in Sony Patent Filing<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>According to the Patentscope database that indexes the documents of the World Intellectual Property Organization (WIPO), Japanese digital conglomerate Sony has considered Bitcoin (BTC) integration since 2019.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cointelegraph.com\/news\/almost-all-major-bitcoin-mining-pools-now-signaling-for-taproot-activation\">[9] Almost all major Bitcoin mining pools now signaling for Taproot activation<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The top-10 Bitcoin (BTC) mining pools by hash rate distribution are now signaling for Taproot activation with BTC.Top being the latest among them as of the time of writing.<\/p>\n<h1>BONUS:<\/h1>\n<ul>\n<li><a href=\"https:\/\/www.entrepreneur.com\/article\/370502\"><strong>&#8216;Elon Musk has nothing to do with DOGE&#8217;: said one cryptocurrency developers<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.trustnodes.com\/2021\/05\/18\/china-bans-bitcoin-again\"><strong>China Bans Bitcoin Again<\/strong><\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap May 10th, 2021 &#8211; May 17th, 2021 Welcome to our 2nd weekly recap for May. Overview\u00a0 Crypto News [1] Binance Under Investigation by DOJ and IRS Binance, the largest exchange by trading volume, is facing money laundering and tax evasion investigations from the U.S. Justice Department and the Internal Revenue Service, according to<\/p>\n","protected":false},"author":4,"featured_media":1260,"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\/btc-bitcoin-cryptocurrency-crypto-money-currency-coin-finance-mining1.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 3 &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\/18\/may-2021-weekly-recap-3\/\" \/>\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 3 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap May 10th, 2021 - May 17th, 2021 Welcome to our 2nd weekly recap for May. 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