Cryptocurrencies Are Here to Stay, Says Billionaire David RubensteinBillionaire private equity titan David Rubenstein has revealed he believes cryptocurrencies like bitcoin are here to stay, dismissing suggestions the market is a fad and could fade away in the future. Speaking to CNBC on ”Squawk Box,” Rubenstein said he hasn’t personally inves…[Read more]

HaloDAO Raises $3.5 Million Seed Investment To Create a Global Liquidity NetworkDecentralized finance protocol HaloDAO raised $3.5 million in seed investment
The round was led by Parataxis Capital and included many big players in the industry
The project aims to create a global liquidity network through stablecoins
Decentralized finance protocol…[Read more]

Bitcoin Price Prediction: BTC/USD Plunges Below $38,000Bitcoin Price Prediction – May 21 Today, BTC/USD faced a pullback as the price slide below $40,000 and tested support near the $35,000 level. BTC/USD […]

Mike Novogratz: BTC Will Stay Down for a WhileMike Novogratz – a bitcoin bull, billionaire investor and former hedge fund manager – took some time to discuss the most recent bitcoin drop, saying that it was a “liquidation event.” Novogratz: Bitcoin Will Undergo a Serious Correction The currency – which was trading at $64,000 per unit just a mo…[Read more]

Blockfi Screwed Up: The Generous Present Of Over 700 BTCCentralization concerns are still apparent for many early Bitcoiners. DeFi has streamlined cash flow through a trustless network; however, CeFi, which operates similarly to a centralized financial entity, grants fund security. Thus, platforms such as BlockFi, Nebeus, or other centralized…[Read more]

EOS Tumbles 21% In Bearish TradeInvesting.com – EOS was trading at $5.3754 by 10:40 (14:40 GMT) on the Investing.com Index on Friday, down 20.52% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed EOS’s market cap down to $5.4206B, or 0.33% of the total cryptocurrency market cap. At its highest, EOS’s…[Read more]

Bitcoin Falls 10% In RoutInvesting.com – Bitcoin was trading at $37,535.3 by 10:37 (14:37 GMT) on the Investing.com Index on Friday, down 10.19% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Bitcoin’s market cap down to $715.5B, or 43.47% of the total cryptocurrency market cap. At its highest,…[Read more]

Polygon (MATIC) skyrocketing: why and what’s next?Scalability issues and resistant blockchain networks are the impediments to enabling mass adoption. Ethereum has been scrutinized as early as 2017 when Cryptokitties clogged the network. As a result, sequencing in the blockchain space has operated to enhance network capabilities and provide f…[Read more]

China’s State Council Implements Bitcoin Mining BanChina’s State Council has issued a new report identifying Bitcoin mining as a key sector that may cause a slew of ‘financial risks’ for the Chinese economy, the first time that the state organization has issued such a pronouncement aimed directly at the crypto mining sector.The State Council…[Read more]

Litecoin Falls 13% In RoutInvesting.com – Litecoin was trading at $192.821 by 10:20 (14:20 GMT) on the Investing.com Index on Friday, down 12.66% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Litecoin’s market cap down to $13.891B, or 0.77% of the total cryptocurrency market cap. At its highest,…[Read more]

EOS Falls 12% In RoutInvesting.com – EOS was trading at $5.9470 by 10:18 (14:18 GMT) on the Investing.com Index on Friday, down 12.07% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed EOS’s market cap down to $6.1509B, or 0.34% of the total cryptocurrency market cap. At its highest, EOS’s market cap…[Read more]

China Merchants Bank International Partners with Nervos NetworkChina Merchants Bank International partnered with blockchain network Nervos
They will launch InNervation — a 50 million dollar fund
The fund will focus on early and growth-stage startups building decentralized applications
Open-source public blockchain network Nervos recently a…[Read more]

Cathie Wood Sees BTC Hitting $500K Per UnitCathie Wood of Ark Invest believes bitcoin will reach a price of $500,000. Cathie Wood: Bitcoin Still Has a Solid Future Her words come at a rather “inopportune” time considering the world’s largest and most popular cryptocurrency by market cap has fallen by roughly 33 percent at the time of writi…[Read more]

Cryptos: Bitcoin is ‘a con,’ declarers media luminary Barry DillerAsked to weigh in on the crypto phenomenon, IAC Chairman Barry Diller had this to say: “I think it’s a con.”

US Close – Stocks pare gains after hot data drives taper fears, Oil pares weekly loss, Gold gives up gains after PMI readings, Bitcoin down again on China heatUS stocks reversed course after both hawkish comments from the Fed’s Harker and an impressive flash PMI reading that made another series high, as average selling prices for goods and ser…[Read more]

Ethereum Tumbles 20% In RoutInvesting.com – Ethereum was trading at $2,202.01 by 17:09 (21:09 GMT) on the Investing.com Index on Friday, down 20.19% on the day. It was the largest one-day percentage loss since May 21.

The move downwards pushed Ethereum’s market cap down to $260.86B, or 17.28% of the total cryptocurrency market cap. At its…[Read more]

Litecoin Tumbles 20% In Bearish TradeInvesting.com – Litecoin was trading at $168.290 by 16:18 (20:18 GMT) on the Investing.com Index on Friday, down 20.10% on the day. It was the largest one-day percentage loss since May 21.

The move downwards pushed Litecoin’s market cap down to $11.452B, or 0.75% of the total cryptocurrency market cap. At its…[Read more]

XRP Falls 10% In Selloffnvesting.com – XRP was trading at $1.11065 by 08:56 (12:56 GMT) on the Investing.com Index on Friday, down 10.18% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed XRP’s market cap down to $51.52910B, or 2.92% of the total cryptocurrency market cap. At its highest, XRP’s market…[Read more]

Crypto Hedge Funds Bought Bitcoin At ‘A Reasonable Level’ During The Dip: ReportHedge funds specialized in trading cryptocurrencies seemingly treated the latest Bitcoin (CRYPTO: BTC) dump as nothing more than a sale. What Happened: According to a Friday Bloomberg report, former Morgan Stanley (NYSE: MS) trader Felix Dian suggested that hedge funds…[Read more]

Cardano Falls 12% In RoutInvesting.com – Cardano was trading at $1.694948 by 08:42 (12:42 GMT) on the Investing.com Index on Friday, down 12.01% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Cardano’s market cap down to $54.061797B, or 3.05% of the total cryptocurrency market cap. At its highest,…[Read more]