Bitcoin News Roundup for May 13, 2021

With BTC dropping as low as $46K and a deep dive into last night's sector-wide collapse, CoinDesk’s Market Daily is back with the latest news roundup.

May 13, 2021

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

With BTC dropping as low as $46K and a deep dive into last night's sector-wide collapse, CoinDesk’s Market Daily is back with the latest news roundup.

Add Markets Daily to your Alexa Flash Briefing here.

This episode is sponsored by .

Today's stories:

Stock Market Today: Dow, S&P Live Updates for May. 12, 2021

US consumer prices rise at fastest pace since 2008

JPMorgan, Others Plan to Issue Credit Cards to People With No Credit Scores - WSJ

Stablecoin strife: crypto assets face calls for tougher oversight

Top U.S. fuel pipeline recovering from devastating ransomware attack

Facebook-Backed Diem Plans Dollar Stablecoin With Silvergate

Bitcoin Plunges as Tesla Halts BTC Payments Over Environmental Concerns

I agree w/ others who think @SEC_Enforcement told $TSLA they can't book auto revenue using fake currency; as a matter of fact, $TSLA might have to restate 1Q21 earnings for illegally including #Bitcoin trading gains in operating income $TSLAQ $ARKK $MS $GS
— Patrick Comack (@patrickcomack) May 13, 2021

$TSLA so Elon won't accept transactions in $BTC due to energy consumption yet was perfectly fine buying billion+ of BTC for the Balance Sheet? Makes ZERO sense. Either shows a lack or initial diligence or questionable fiduciary decision making. I like Elon, but, I don't get that
— The_Ravid (@The_Ravid) May 13, 2021

This is wild. Musk is presenting the case against Bitcoin. Something has changed wildly in his world. And no matter what it is, we can’t go back on this: Elon Musk has officially called out Bitcoin for not being environmentally friendly. This is a seismic pivot. Seismic. https://t.co/qqtxj5FwIU
— Quoth the Raven (@QTRResearch) May 13, 2021

h/t zerohedge.com

HOST

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.