More of the stablecoin is on the Tron blockchain than ever before. Here's what's happening and why it matters. Tron is a decentralized platform designed for content creation. It’s similar to Ethereum in the sense that it uses smart contracts, dapps and digital wallets—but it’s more “entertainment” based. The vast majority of the activity on the Tron blockchain takes place on gaming and gambling applications, according to a February 2020 DappRadar report.Tether is a stablecoin that is “pegged” 1:1 with the US dollar, meaning that the coin’s value is designed to hold steady. There is some controversy, however, over whether Tether is truly backed by US dollar reserves—the company has never had its reserves independently audited, and it just recently settled a fraud investigation with the New York Attorney General’s Office, which saw it booted from the state.source

New to buying crypto, and don't know where to start? Here's a handy guide to some of the biggest crypto exchanges to help you find your sea legs. This is not a comprehensive list of every single crypto exchange worldwide, nor is it ranked in any way that represents a value judgment. There are hundreds of crypto exchanges, all serving different markets; what Decrypt has attempted to do is pull together a list of some of the leading exchanges out there, particularly for those new to the space.source

Apparently, Floyd Mayweather didn't get the memo that he was speaking at a "Bitcoin only" event.
Taking the stage on Day 1 of the Bitcoin 2021 conference in Miami, the boxer downplayed the importance of the world's largest cryptocurrency, while repeatedly encouraging audience members to believe in themselves rather than in any one crypto token.
Mayweather and his team committed faux pas by wearing t-shirts for EthereumMax, a new Ethereum-based token that's sponsoring Mayweather's Sunday night fight with Logan Paul.source

Rep. Warren Davidson's co-panelist at Bitcoin 2021, Sen. Cynthia Lummis, referred to trillions of dollars in debt creation as "anti-American."Many Bitcoin proponents have chided the US Federal Reserve for its policy during (and before) the coronavirus pandemic of printing money to stimulate sections of the economy.

Cryptocurrency proponent Rep. Warren Davidson (R-OH) thinks the Fed's monetary policy bears some resemblance to the tokenomics of the world's sixth-largest cryptocurrency.

"The Fed is basically Dogecoining the US dollar," said Davidson at the Bitcoin 2021 conference today, referring to the production of 10,000 new DOGE roughly every minute. By contrast, only 21 million Bitcoin will ever be minted. "There's a benefit to scarcity that the Dogecoiners don't apparently get," added Rep. Davidson. "Nor does the Fed."source

Crypto startup VeriBlock proposes piggybacking Dogecoin on Bitcoin, benefitting from its security while providing further justification for Bitcoin’s massive energy footprint.Tesla CEO Elon Musk is aiming to increase the use of renewable energy in mining via his Bitcoin Mining Council effort with MicroStrategy CEO Michael Saylor and a group of North American mining firms, and is open to embracing other, more eco-friendly coins in place of Bitcoin.But The VeriBlock Foundation has another potential solution to Bitcoin’s energy dilemma that could ultimately help other blockchains… particularly the subject of Musk’s many tweeted memes.source

BlockFi offers huge interest rates on crypto deposits—if customers can stomach the risk. A recent promotion gone wrong has given. On May 17, some customers of cryptocurrency lender BlockFi noticed something unusual: huge Bitcoin deposits in their accounts. These deposits—in one case more than 700 BTC according to a Reddit user (worth $29 million at the time)—were expensive mistakes that BlockFi later owned up to. In a promotional campaign gone wrong, the company had sent rewards denominated in Bitcoin, rather than in GUSD, a $1-pegged stablecoin created by the crypto exchange Gemini.

Because of its error, BlockFi has had to chase after customers who received the extra Bitcoin and has offered rewards of up to $1,000 for the return of its funds. As of May 19, BlockFi’s remaining exposure from the mistake was about 200 BTC, or $7.3 million.source

The US Securities and Exchange Commission (SEC) thought that learning about Ripple’s concerns about XRP could support its legal case.Ripple has stopped the US Securities and Exchange Commission (SEC) from accessing records of legal advice that the crypto payments company sought or received about XRP's status as a security.
On May 7, the SEC asked Judge Netburn to order Ripple to produce records of legal advice around whether its massive sales of XRP are compliant with federal securities laws.Ripple asserts that the SEC’s requested communications are protected by the attorney-client privilege, which has not been waived,” US Magistrate Judge Sarah Netburn said in a filing made public today.

The SEC claimed that Ripple’s understanding of the legal status of XRP would support its ongoing legal battle. The agency issuing Ripple for selling $1.3 billion worth of XRP in ongoing unregistered securities offerings. Ripple has denied these complaints ever since the SEC lodged them in December. Source