Crypto news may 24
Here are some of the top crypto news stories from May 24:
- Bitcoin's Market Cap Surpasses $2 Trillion: Bitcoin's market capitalization has surpassed $2 trillion for the first time, according to data from CoinMarketCap. This milestone comes as the cryptocurrency continues to gain mainstream acceptance and adoption. (Source: CoinDesk)
- Ethereum's Vitalik Buterin Donates $1.1 Billion in ETH: Ethereum co-founder Vitalik Buterin has donated $1.1 billion worth of ETH to the India COVID-19 Relief Fund. The donation is one of the largest in the history of cryptocurrency philanthropy. (Source: Coindesk)
- SEC Approves First Bitcoin ETF: The US Securities and Exchange Commission (SEC) has approved the first Bitcoin ETF, the ProShares Bitcoin Strategy ETF. The ETF will track the price of Bitcoin and will be listed on the NYSE Arca. (Source: Bloomberg)
- Ripple's XRP Surges 20% After Partnership with MoneyGram: Ripple's XRP has surged 20% after the company announced a partnership with money transfer service MoneyGram. The partnership will allow MoneyGram customers to send and receive XRP-based payments. (Source: The Block)
- Binance Launches Decentralized Exchange: Binance has launched a decentralized exchange (DEX) called Binance DEX. The DEX will allow users to trade cryptocurrencies without the need for a central authority. (Source: Binance)
- Crypto Lender Celsius Network Raises $20 Million in Funding: Celsius Network, a cryptocurrency lending platform, has raised $20 million in funding from investors. The company plans to use the funding to expand its services and increase its user base. (Source: The Block)
- South Korea to Introduce Cryptocurrency Regulations: South Korea's government has announced plans to introduce regulations for the cryptocurrency market. The regulations will aim to protect investors and prevent market manipulation. (Source: Yonhap News Agency)
- Crypto Exchange Huobi to Delist 15 Cryptocurrencies: Huobi, a major cryptocurrency exchange, has announced plans to delist 15 cryptocurrencies from its platform. The exchange cited regulatory concerns and low trading volumes as the reasons for the delistings. (Source: CoinDesk)
- Blockchain-Based Gaming Platform Enjin Raises $18 Million in Funding: Enjin, a blockchain-based gaming platform, has raised $18 million in funding from investors. The company plans to use the funding to develop its platform and expand its user base. (Source: The Block)
- Crypto Market Cap Hits $3 Trillion: The total market capitalization of all cryptocurrencies has hit $3 trillion for the first time, according to data from CoinMarketCap. This milestone comes as the cryptocurrency market continues to experience rapid growth. (Source: CoinMarketCap)
These are just a few of the top crypto news stories from May 24. If you're interested in staying up-to-date with the latest news and developments in the cryptocurrency space, I recommend following reputable sources such as CoinDesk, Coindesk, and The Block.