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State-backed digital currencies can disrupt financial systems: ReportCentral bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned.

Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and D…[Read more]

Breakneck speed of crypto adoption could result in whiplash, warns wallet execCryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay.

The mobile payments app…[Read more]

Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggestBitcoin’s 51.4% crash in March 2020 was the most horrific 24-hour black swan event in the digital asset’s history. The recent price activity of the past week has probably resurrected similar emotions for investors who experienced the Black Thursday crash.

Over t…[Read more]

China’s Baidu posts 25% rise in quarterly revenue(Reuters) – China’s Baidu Inc (NASDAQ:BIDU) reported a 25% rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms.

The company, also known as China’s Google (NASDAQ:GOOGL), said total revenue rose to 28.13 billion yuan ($4.38 billion) from…[Read more]

Sustainable finance scramble reaches currency derivatives marketLONDON (Reuters) – A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging products where the cost is tied to a firm’s environmental, social and governance (ESG) goals.

Sustainable finance to date has mostly…[Read more]

https://twitter.com/bitethfinder/status/1394560748714696707

Kicking off the week, @immunefi's @TravinKeith walks you through the more prevalent hacks and scams happening in crypto to help you understand how to protect yourself.#Consensus2021

https://t.co/maOnEy6XiX pic.twitter.com/QwRCXbOavb

— CoinDesk (@CoinDesk) May 17, 2021

Round 3: Our crypto crash course continues this week to prep you for #Consensus2021.

Don't miss out on the last week of Unlocked 101, where we've got you covered from hacks and scams, navigating crypto at our event.

Here's what's coming up: 🧵👇https://t.co/a23SWPQFQP pic.twitter.com/eSvQrG2dxS

— CoinDesk (@CoinDesk) May 17, 2021

$44,807.74 -0.89%

Real-time #Bitcoin BTC price, 24-hour charts and news https://t.co/sOSnAxn63w via @coindesk

— bgkimin (@bgkimin) May 18, 2021

As Elon Musk reverses his #Bitcoin sentiment, we observe new entrants panic selling and hodlers stepping in to buy the dip.

This is a historically significant correction that is testing $BTC hodler conviction.

Read more in The Week On-chain

Data @glassnode pic.twitter.com/dNWIJGVTmx

— AVS TRADE (@avs_trade) May 18, 2021

#Bitcoin mining actually uses less energy than traditional banking, new report claims https://t.co/5mi8qzVAGW

— Dave Parker (@Xentagz) May 18, 2021

Elon Musk’s Twitter posts keep sending #Bitcoin prices tumbling. His own fortune is heading in the same direction. https://t.co/lls9YY066g

— Bloomberg Markets (@markets) May 18, 2021

Canada home sales, average price decline in April from MarchOTTAWA (Reuters) -Canadian home sales, prices and starts all fell in April compared with the previous month, as some of the frenzy of recent months began to unwind, though activity remains strong, data showed on Monday.

Canadian home sales fell 12.5% in April from March, while the…[Read more]

Japan’s economy slumps back into decline as COVID-19 hits spendingTOKYO (Reuters) -Japan’s economy shrank more than expected in the first quarter as a slow vaccine rollout and new COVID-19 infections hit spending on items such as dining out and clothes, raising concerns the country will lag others emerging from the pandemic.

Capital expenditure…[Read more]

UK jobless rate falls again, hiring up as lockdown easesLONDON (Reuters) -Britain’s unemployment rate fell again to 4.8% between January and March, when the country was under a tight lockdown, and hiring rose further in April, according to data that showed employers gearing up for the easing of curbs.

Economists polled by Reuters had expected the…[Read more]

RBA Says Economy, Markets Key to July Call on Bond Programs(Bloomberg) — The Reserve Bank of Australia said it would pay “close attention” to economic data and conditions in financial markets when deciding whether to roll over its yield-target maturity and undertake further quantitative easing.

The RBA is due to make a call at its July 6 mee…[Read more]

EU eyes another go at more unified European business taxationBRUSSELS (Reuters) – The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the past, will stand a better chance if they follow global OECD solutions expected this…[Read more]

Hitting it out of the park: Baseball card legacy could smash recordsLOS ANGELES (Reuters) – When Florida physician Thomas Newman died of COVID-19, he left his family a huge legacy – a collection of sports cards worth some $20 million, including a Babe Ruth card that could set a new world record.

It was love, not money, that drove Newman when he…[Read more]

HK property tycoon Wu says land reclamation will solve social, housing woesHONG KONG (Reuters) – Hong Kong real estate magnate Gordon Wu said an ambitious land reclamation project can help solve housing and social problems, while welcoming the enforcement of a national security law in the city as bringing stability to boost investment.

The…[Read more]

HK suspends operations at representative office in Taiwan as tensions riseHONG KONG/TAIPEI (Reuters) -Hong Kong government’s suspended on Tuesday operations at its representative office in Taiwan in a sign of escalating diplomatic tension between the global financial hub and the democratically ruled island that Beijing claims.

Tension between…[Read more]