Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Crypto Flipsider News – May 20th – Market Dip, BlockFi, Elon Musk, Michael Saylor, Changpeng Zhao, Justin Sun, Uniswap, SushiSwap

CryptocurrencyMay 20, 2021 11:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Crypto Flipsider News – May 20th – Market Dip, BlockFi, Elon Musk, Michael Saylor, Changpeng Zhao, Justin Sun, Uniswap, SushiSwap

DailyCoin flipsider news comes back! The crypto market experiences strong earth-shaking. We didn’t want to miss anything important, so we returned the flipsider out the ground and asked him to comment on the latest events again.

Read in the digest:

  • The devil is not so black as he is painted. The dip is not so scary
  • BlockFi screwed up
  • Bitcoin reached the bottom
  • Uniswap v3 overtook SushiSwap and going to surpass Uniswap v2 soon
  • “Crypto Yalta Conference”

Crypto Armageddon – Just Kidding

Yesterday, the crypto market experienced a flash crash. All the graphs of digital assets became painted in red. Bitcoin hit the position at the beginning of this year. Coinbase and CoinMarketCap websites crashed because of user overload.

Flipsider:

  • Please, relax and keep calm. Such market dips happen each month. If you are not familiar enough with the tendencies of the market, it would be better to check this article first.

One Mistake Can Cost Too Much – BlockFi

BlockFi mistakenly sent Bitcoins instead of Tether stablecoins to fewer than 100 users as a part of their promotion. The company is one of the biggest cryptocurrency startups so far, which is responsible for borrowing and lending crypto as well as owns some other products. The price of the mistake is tremendous if we consider the difference in price between BTC and USDC.

Flipsider:

  • On the other hand, this mistake was highlighted in all world’s biggest newspapers! I don’t know if such PR was worth it, but mistakes happen.

Bitcoin Rocked to the Bottom Level of the Year’s Beginning

Because of the recent market dip, Bitcoin reached the bottom line of almost $30K. This didn’t happen since January 2021. On the other hand, in order to stabilize the situation, Michael Saylor posted that his entities own 111,000 BTC and they are not intended to sell them.

Justin Sun called Elon Musk, Michael Saylor, and Changpeng Zhao for the “Crypto Yalta Conference”

The founder and current CEO of TRON posted a tweet where he called biggest crypto influencers of nowadays for “Yalta Conference.” For those who are wondering about this historical event, the conference was intended to stabilize the situation after the Second World War. In the meanwhile, Elon Musk just hinted that Tesla (NASDAQ:TSLA) has diamond hands.

Flipsider:

  • Sometimes it feels that some people create the violation in order to raise their own personality as “saviors.” And after this, everyone else tries to grab themselves a slice of hype. Pretty much like politics, indeed.

Uniswap v3 Cvertook SushiSwap and Going to Surpass Uniswap v2 Soon

In the shadow of the market dip and influencers’ sentiments, altcoins keep silent. The news came from a new version of Ethereum-based DEX: Uniswap v3 overtook SushiSwap by volume and will dominate the previous ones soon.

Flipsider:

  • People want anything that can reduce the gas fees. On the other hand, L2 scaling has become more popular despite some critique.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Crypto Flipsider News – May 20th – Market Dip, BlockFi, Elon Musk, Michael Saylor, Changpeng Zhao, Justin Sun, Uniswap, SushiSwap
 

Related Articles

EOS Climbs 12% As Investors Gain Confidence
EOS Climbs 12% As Investors Gain Confidence By Investing.com - Dec 08, 2021

Investing.com - EOS was trading at $3.6163 by 19:48 (00:48 GMT) on the Investing.com Index on Thursday, up 11.82% on the day. It was the largest one-day percentage gain since...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email