{"id":1693,"date":"2021-06-01T12:32:34","date_gmt":"2021-06-01T19:32:34","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1693"},"modified":"2021-06-01T12:36:33","modified_gmt":"2021-06-01T19:36:33","slug":"may-2021-weekly-recap-5","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2021\/06\/01\/may-2021-weekly-recap-5\/","title":{"rendered":"May 2021 &#8211; Weekly Recap 5"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">May 24th, 2021 - May 31th, 2021<\/pre>\n<p>Welcome to our 5th weekly recap for May.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1699\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-260x160.png 260w\" sizes=\"(max-width: 2600px) 100vw, 2600px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2>Crypto News<\/h2>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/dailyhodl.com\/2021\/05\/25\/traditional-hedge-funds-look-to-deploy-more-capital-into-crypto-pricewaterhousecoopers\/\">[1] Traditional Hedge Funds Look To Deploy More Capital Into Crypto: PricewaterhouseCoopers<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Global accounting and business consultancy firm PricewaterhouseCoopers (PwC) is revealing that legacy hedge funds are contemplating increasing their investments in crypto assets before the end of the year.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/paypal-to-allow-its-customers-to-withdraw-bitcoin-and-other-cryptocurrencies\">[2] PayPal to Allow Its Customers to Withdraw Bitcoin and Other Cryptocurrencies<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Payments giant PayPal is set to add support for cryptocurrency withdrawals to third-party wallets.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptopotato.com\/ripple-to-go-public-after-the-sec-lawsuit-confirms-ceo\/\">[3] Ripple to Go Public After the SEC Lawsuit, Confirms CEO<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Ripple Labs intends to become a publicly-traded company after it settles the lawsuit against the SEC, confirmed the payment processor\u2019s CEO.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/beincrypto.com\/cardano-let-users-create-p2p-financial-agreements\/\">[4] Cardano to Let Users Create and Execute P2P Financial Agreements<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>In a blog post that begins by relating flawed experiences with traditional financial services, IOHK announced they are developing Marlowe. In creating this decentralized finance (DeFi) project, they seek to democratize finance through facilitating peer-to-peer agreements on a blockchain.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/zycrypto.com\/cardano-gets-the-ball-rolling-on-smart-contracts-with-alonzo-testnet\/\">[5] Cardano Gets The Ball Rolling On Smart Contracts With Alonzo Testnet<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Cardano remains one of the few altcoins showing strength amid May\u2019s massive cryptocurrency dip and its developers\u2019 latest announcement is sure to have prompted excitement among investors and holders.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/grayscale-loses-whopping-21-billion-in-bitcoin-and-other-crypto-in-24-hours\">[6] Grayscale Loses Whopping $2.1 Billion In Bitcoin and Other Crypto in 24 Hours<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Large investment fund Grayscale, subsidiary of Barry Silbert\u2019s Digital Currency Group, has tweeted that as of May 28, the size of its crypto holdings has shrunk to $34.1 billion from $36.2 billion a day before.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/finbold.com\/global-crypto-exchanges-invest-in-india\/\">[7] Global crypto exchanges pour money into India despite regulatory uncertainty<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>India may have a contentious relationship with the crypto space, but investments continue to pour into the country\u2019s digital coin sector.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptopotato.com\/another-win-for-ripple-as-the-sec-denied-from-accessing-internal-xrp-sales-documents\/\">[8] Another Win for Ripple as the SEC Denied From Accessing Internal XRP Sales Documents<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>In yet another win for Ripple in its lawsuit against the SEC, the Judge has denied the Commission\u2019s motion to compel the payment processor to produce internal information discussing XRP sales with its legal team. As a result, the price of the XPR token surged by double-digits in 24 hours.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/finbold.com\/indias-central-bank-confirms-banks-cant-restrict-processing-crypto-transactions\/\">[9] India\u2019s central bank confirms banks can\u2019t restrict processing crypto transactions<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>India\u2019s central bank has clarified that banks cannot use its 2018 order banning them from dealing with cryptocurrency transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap May 24th, 2021 &#8211; May 31th, 2021 Welcome to our 5th weekly recap for May. Overview\u00a0 &nbsp; &nbsp; Crypto News [1] Traditional Hedge Funds Look To Deploy More Capital Into Crypto: PricewaterhouseCoopers Global accounting and business consultancy firm PricewaterhouseCoopers (PwC) is revealing that legacy hedge funds are contemplating increasing their investments in crypto<\/p>\n","protected":false},"author":4,"featured_media":1078,"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\/05\/bitcoin-background-1821331.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 5 &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\/06\/01\/may-2021-weekly-recap-5\/\" \/>\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 5 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap May 24th, 2021 - May 31th, 2021 Welcome to our 5th weekly recap for May. 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