Hey, Your Crypto Newsletter for May 27, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](  [What is Digital Dollar? Know all about USA’s plan to issue its own digital currency](  Know all about USA’s plan to issue its own digital currency which would be called the Digital Dollar. The FED has made a recent announcement regarding this in the United States of America. Digital Dollar: Why in the News? The United States of America has taken a step towards issuing its own central bank digital currency. The Federal Reserve has recently announced it and also said that it would be releasing the research paper later this year. The cryptocurrency market has recently suffered a huge crash and various cryptocurrencies have slipped over 25% in 24 hours which is why the timing of the announcement has become significant. Moreover China has joined multiple countries that have ended the central bank digital currency space which has caused concerns that the US dollar’s position may be undermined now. What is Central Bank Digital Currency (CBDC) Unlike the privately held cryptocurrencies, the Central Bank Digital Currency would have the Central Bank on its back at all times and thus the Government.  [Read More](   [Moneycontrol makes tracking cryptocurrency easy through its association with WazirX](  In association with WazirX, users will be able to easily track the listed cryptocurrencies on Moneycontrol; while simultaneously receiving real-time updates and daily news on cryptocurrency. Gaining prominence rapidly, cryptocurrency is becoming one of the most popular digital assets and trading spaces. It is impossible to shy away from crypto-mania, which is already a trillion-dollar industry globally. While there is abundant information out there, having all of it from a reputed source and in a manner that is easy to find and track, is critical. As India’s leading business and finance platform, Moneycontrol, has understood that cryptocurrency needs to be tracked, analysed for better use and trading. With this driving objective, Moneycontrol joins hands with WazirX, the country’s largest Bitcoin and cryptocurrency exchange. WazirX is also backed by Binance, the world’s biggest bitcoin exchange and altcoin crypto exchange in the world by volume, and this association will help users keep track of the meteoric rise of cryptocurrencies by listing it on their platform/website.  [Read More](   [Billionaire Mark Cuban Invests In Indian Blockchain Startup Polygon]( - Mark Cuban has invested an undisclosed sum into Polygon and is integrating the platform into another portfolio company called Lazy.com - Polygon crossed the market capitalisation of $13 Bn on May 18 - Polygon claims adoption across 250+ apps, almost 76 Mn transactions and almost 790,000 unique users US-based investor and entrepreneur Mark Cuban has invested an undisclosed amount in Polygon, an Indian cryptocurrency platform that aims to provide faster and cheaper transactions on the Ethereum blockchain. Polygon’s native token Matic has crossed a market cap of over $10 Bn and is among the top 20 crypto coins globally. Polygon is a layer 2 scaling project created by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic in 2017. It was created to function as an alternative to Ethereum’s blockchain or to create ‘sidechains’ along Ethereum’s network to overcome some of its issues. The concept of Polygon’s sidechains ensures that users do not have to suffer with slow transaction speeds and costs as an infinite number of sidechains can be created along existing blockchains if the pre-existing sidechains also get congested. In a social media post Polygon shared that the cryptocurrency platform is now part of Cuban’s portfolio.  [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe]( Â