Bitcoin Daily โ€“ May 6

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $9,322

Bitcoin price has successfully broken through the $9,000 mark once again, as things heat up one-week out from the Bitcoin block reward halving.

Top-20 altcoins have responded well to the surge, as Ethereum gains 3%, XRP 2%, and Crypto.com coin continues its rise by another 6%.

Top Stories for May 6, 2020 ๐Ÿ”ฅ

๐Ÿ‘‰ Stellar Foundation Announces $5M Investment into Abra

The Stellar Development Foundation have announced that they will be investing $5 million into Abra, a simplified cryptocurrency wallet and exchange.

The investment appears to be part of a larger partnership between the two organizations, with the Stellar Development Foundation saying that it will create "new, innovative business opportunities for the Stellar network".

๐Ÿ‘‰ Ripple Served with New Lawsuit Alleging Violation of Securities Laws

Ripple and its CEO, Brad Garlinghouse, have been hit with another lawsuit alleging that they were in violation of securities laws when marketing and selling XRP.

The suit was filed by a company called Bitcoin Manipulation Abatement LLC, which is seeking to recover damages and obtain additional compensation for Ripple's actions.

๐Ÿ‘‰ Those Who Spent Stimulus Checks on Bitcoin Are Now Up 35%

People who spent their stimulus relief payouts on Bitcoin would now have seen a 35% gain on their investment, thanks to the recent price rise.

Coinbase and other exchanges had reported a surge in deposits of $1,200 following the stimulus check payout period, indicating that a noticeable number of people were indeed using the money to purchase cryptocurrency.

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