{"id":1701,"date":"2021-06-02T13:43:31","date_gmt":"2021-06-02T20:43:31","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1701"},"modified":"2021-06-02T13:43:59","modified_gmt":"2021-06-02T20:43:59","slug":"may-2021-weekly-recap-4","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/","title":{"rendered":"May 2021 &#8211; Weekly Recap 4"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">May 17th, 2021 - May 24th, 2021<\/pre>\n<p>Welcome to our 4th weekly recap for May.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-1704\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2021\/06\/may42021-1-260x160.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:\/\/news.bitcoin.com\/microstrategy-buys-10m-worth-of-bitcoin-mstr-shares-down-over-60-since-february\/\">[1] Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm\u2019s current stash of crypto. The company\u2019s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/wells-fargo-cryptocurrency-investment\/\">[2] Wells Fargo Gets Into Crypto With Upcoming &#8216;Professionally Managed&#8217; Cryptocurrency Investment<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Wells Fargo will soon offer \u201ca professionally managed solution\u201d for cryptocurrency to clients. \u201cWe think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,\u201d said the president of Wells Fargo Investment Institute.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/indian-government-panel-regulating-cryptocurrencies\/\">[3] Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The Indian government is reportedly looking to form a new \u201cpanel of experts\u201d to focus on ways to regulate the cryptocurrency industry in the country. \u201cThere is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total ban,\u201d local media reported.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/nvidia-aims-to-get-its-gpus-back-into-the-hands-of-gamers-by-reducing-mining-capabilities-on-3-graphic-cards\/\">[4] Nvidia Aims to Get Its GPUs Back &#8216;Into the Hands of Gamers&#8217; by Reducing Mining Capabilities on 3 Graphic Cards<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>A major chipmaker keeps making efforts to calm down the gaming community\u2019s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic cards to keep a balanced inventory for gamers.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/bank-of-russia-to-launch-digital-ruble-prototype-by-end-of-year\/\">[5] Bank of Russia to Launch Digital Ruble Prototype by End of Year<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia\u2019s traditional currency.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/promising-integrations-join-the-polkadot-ecosystem\/\">[6] Promising Integrations Join the Polkadot Ecosystem<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>As Polkadot\u2019s vision of a decentralized web advances, the integrations of KILT Protocol and the fintech platform Current are adding new utility layers across the blockchain\u2019s ecosystem, helping tear down the existing barriers between Web 2.0 and 3.0.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/dutch-central-bank-revokes-strict-verification-rules-for-crypto-exchanges\/\">[7] Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The cryptocurrency industry in the Netherlands has won a small but significant battle. The country\u2019s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/btc-mining-devices-out-of-stock-worldwide-6-chinese-mining-rig-makers-dominate-the-asic-industry-in-2021\/\">[8] BTC Mining Devices &#8216;Out of Stock&#8217; Worldwide- 6 Chinese Mining Rig Makers Dominate the ASIC Industry in 2021<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these days there are only a few manufacturers producing application-specific integrated circuit (ASIC) machines.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/news.bitcoin.com\/russian-lawmakers-move-to-allow-crypto-payments-under-contracts\/\">[9] Russian Lawmakers Move to Allow Crypto Payments Under Contracts<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap May 17th, 2021 &#8211; May 24th, 2021 Welcome to our 4th weekly recap for May. Overview\u00a0 Crypto News [1] Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm\u2019s current stash of<\/p>\n","protected":false},"author":4,"featured_media":1328,"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\/09\/bitcoin-blockchain-currency-coin-gold-money-finance-digital-crypto1.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 4 &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\/02\/may-2021-weekly-recap-4\/\" \/>\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 4 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap May 17th, 2021 - May 24th, 2021 Welcome to our 4th weekly recap for May. Overview\u00a0 Crypto News [1] Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm\u2019s current stash of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/\" \/>\n<meta property=\"og:site_name\" content=\"SynQ\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synq.suite\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-02T20:43:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-02T20:43:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/09\/bitcoin-blockchain-currency-coin-gold-money-finance-digital-crypto1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"544\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synqsuite\" \/>\n<meta name=\"twitter:site\" content=\"@synqsuite\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/synq.tech\/a\/#organization\",\"name\":\"SynQ\",\"url\":\"https:\/\/synq.tech\/a\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/synq.suite\/\",\"https:\/\/instagram.com\/synqio\",\"https:\/\/www.linkedin.com\/company\/csq-holdings-llc\",\"https:\/\/www.youtube.com\/channel\/UCE5zXkohdP_uGIky0X1YDGA\",\"https:\/\/twitter.com\/synqsuite\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/synq.tech\/a\/#logo\",\"inLanguage\":\"en-CA\",\"url\":\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/08\/synq.png\",\"width\":3880,\"height\":1648,\"caption\":\"SynQ\"},\"image\":{\"@id\":\"https:\/\/synq.tech\/a\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/synq.tech\/a\/#website\",\"url\":\"https:\/\/synq.tech\/a\/\",\"name\":\"SynQ\",\"description\":\"The Leader in Crypto Forecasting\",\"publisher\":{\"@id\":\"https:\/\/synq.tech\/a\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/synq.tech\/a\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#primaryimage\",\"inLanguage\":\"en-CA\",\"url\":\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/09\/bitcoin-blockchain-currency-coin-gold-money-finance-digital-crypto1.jpg\",\"width\":880,\"height\":544},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#webpage\",\"url\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/\",\"name\":\"May 2021 - Weekly Recap 4 &bull; SynQ\",\"isPartOf\":{\"@id\":\"https:\/\/synq.tech\/a\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#primaryimage\"},\"datePublished\":\"2021-06-02T20:43:31+00:00\",\"dateModified\":\"2021-06-02T20:43:59+00:00\",\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#webpage\"},\"author\":{\"@id\":\"https:\/\/synq.tech\/a\/#\/schema\/person\/829f5f010d74bbacc9a01ba8149e2269\"},\"headline\":\"May 2021 &#8211; Weekly Recap 4\",\"datePublished\":\"2021-06-02T20:43:31+00:00\",\"dateModified\":\"2021-06-02T20:43:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#webpage\"},\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/synq.tech\/a\/#organization\"},\"image\":{\"@id\":\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#primaryimage\"},\"keywords\":\"cryptocurrency,data analysis,graphs,recap,stocks,traditional market,weekly\",\"articleSection\":\"Business Analysis,Investigation\",\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/synq.tech\/a\/2021\/06\/02\/may-2021-weekly-recap-4\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/synq.tech\/a\/#\/schema\/person\/829f5f010d74bbacc9a01ba8149e2269\",\"name\":\"Duy\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/synq.tech\/a\/#personlogo\",\"inLanguage\":\"en-CA\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/11305fb54ff8096abdb8a4f563ab8ceb?s=96&d=mm&r=g\",\"caption\":\"Duy\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/posts\/1701"}],"collection":[{"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/comments?post=1701"}],"version-history":[{"count":3,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/posts\/1701\/revisions"}],"predecessor-version":[{"id":1705,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/posts\/1701\/revisions\/1705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/media\/1328"}],"wp:attachment":[{"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/media?parent=1701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/categories?post=1701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/synq.tech\/a\/wp-json\/wp\/v2\/tags?post=1701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}