Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| May 06, 2024 | Vodafone Eyes Crypto Wallet Integration with SIM Cards. Vodafone plans to combine crypto wallets with SIM cards to introduce blockchain technology to smartphone consumers. Read more |
| May 06, 2024 | Robinhood (HOOD) receives “Wells Notice” from the Staff of the SEC. As previously disclosed, Robinhood Crypto, has received investigative subpoenas from the Securities and Exchange Commission (“SEC”) regarding, among other topics, RHC’s cryptocurrency listings, custody of cryptocurrencies, and platform operations (the “RHC Activities”). Read more |
| May 08, 2024 | LocalMonero to shut down P2P exchange after seven years of operation. LocalMonero said it is closing down after nearly seven years of operation due to “internal and external factors”. Read more |
| May 08, 2024 | Ethereum’s Dencun upgrade is making ETH inflationary again. The new supply of ether is growing at its fastest daily rate since the Merge, as the amount of fees burned has plummeted following the Dencun upgrade. Read more |
| May 08, 2024 | Mastercard, Citi, JPMorgan Test Ledger for Settling Bank MoneyThe new test will simulate transactions in US dollars. Read more |
What’s coming up for us this week:
| May 14, 2024 | U.S. Fed Chair Powell Speaks. Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on May 14, 2024, at 02:00 P.M. UTC. Read more |
| May 15, 2024 | Next release of U.S. Consumer Price Index. April 2024 CPI data are scheduled to be released on May 15, 2024, at 12:30 P.M. UTC. Read more |
| May 15, 2024 | Bitcoin Cash to Release Network Upgrade. Bitcoin Cash Node will implement a network upgrade on May 15th. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
