UPDATE CRYPTO NEWS

[Felimon]

News summary: (30/5)
1. Whales holding 1,000 to 10,000 Bitcoins sold some Bitcoin, after Tesla's announcement. Meanwhile , shark holding 100 - 1,000 Bitcoin increased sharply.
2. Ravenx (RX) token donates more than 1 million dollars for Binance charity.
3. Bitcoin dominance cycle suggests a repeat of 2017 crypto rally. Bitcoin dominance patterns are showing similar lows to 2017
4. Sweden is the most active country in building a national digital currency. Sweden is in the pilot phase of the CBDC e-krona project
5.SEC sues 5 people who shilled for BitConnect (BCC) lending model, opened unregistered securities, worth up to 2 billion USD
6.NFT trading volume increased three times while the market drop down, showing that the potential of future NFT trend is very promising.

PS: Have a nice weekend holders and traders

[Tytanowy Janusz]

1. Whales holding 1,000 to 10,000 Bitcoins sold some Bitcoin, after Tesla's announcement. Meanwhile , shark holding 100 - 1,000 Bitcoin increased sharply.

Or maybe 1 mln BTC whale decided to split his coins from 100 wallets 10k BTC each to 1000 wallets 1k BTC each? How poeple know that those people were selling? Thats just a number of wallets not number of coins inside of them. And its just a number of wallets it does not say where BTCs were transferred. It does not say if they were sold after transfer. It also does not show whales that hold their BTCs on exchanges or are not moving coins from cold wallets but are heading their bag using futures... I think this information has 0 value.

[Felimon]

News update (June 1, 2021)

💵 Japan launches Hashpalette IEO for the first time on Coincheck exchange

💵 Bitcoin Miners in Argentina Thrive Amid Market gloom

💵 Average Bitcoin transaction fee is currently 0.0002 BTC, about $7. This is the lowest level since 1/1, according to data from BitInfoCharts.

💵 In JPMorgan, Jamie Dimon advised people to stay away from digital currencies like Bitcoin. However, JPMorgan did the opposite

💵 The amount of ETH in the Ethereum 2.0 staking contract has passed the 5 million mark, the reward is up to 23%

💵 India's central bank confirms banks cannot restrict the processing of crypto-related transactions.

[Luzin]

💵 Average Bitcoin transaction fee is currently 0.0002 BTC, about $7. This is the lowest level since 1/1, according to data from BitInfoCharts.

Isn't that real time? just looked at https://mempool.space/, it costs between 1-4$. It seems that it depends on the network density that BTC has. Even before I saw 4sat/vB. It seems that today there are not many transaction processes so the costs are cheaper.

[jossiel]

News summary: (30/5)
1. Whales holding 1,000 to 10,000 Bitcoins sold some Bitcoin, after Tesla's announcement. Meanwhile , shark holding 100 - 1,000 Bitcoin increased sharply.
2. Ravenx (RX) token donates more than 1 million dollars for Binance charity.
3. Bitcoin dominance cycle suggests a repeat of 2017 crypto rally. Bitcoin dominance patterns are showing similar lows to 2017
4. Sweden is the most active country in building a national digital currency. Sweden is in the pilot phase of the CBDC e-krona project
5.SEC sues 5 people who shilled for BitConnect (BCC) lending model, opened unregistered securities, worth up to 2 billion USD
6.NFT trading volume increased three times while the market drop down, showing that the potential of future NFT trend is very promising.

PS: Have a nice weekend holders and traders

1. That's not breaking news. That news was already been on the media and has been spread weeks ago.

4. I didn't know that they're the most active in terms of making their own CBDC. I thought that the most active was China and next would be the countries from Europe and the USA is already on its move but through Facebook.

[brainactive]

1. Whales holding 1,000 to 10,000 Bitcoins sold some Bitcoin, after Tesla's announcement. Meanwhile , shark holding 100 - 1,000 Bitcoin increased sharply.

Is this due to whales becoming sharks (as a result of their reduced holdings)?

Is this suggesting that institutions/whales are dumping or are they actually buying the "dip" over the past few weeks?