Crypto Capital Manager: Ethereum and Bitcoin Selloff Was A “Bear Trap”Was the recent crypto crash bound to happen? Or was it engineered? Is the bull market over for good? Or is the market gaining momentum, preparing for big movements? Your guess is as good as ours, but Moonrock Capital’s Simon Dedic is of the opinion that weak hands got their…[Read more]

Crypto-exposed stocks slide as BTC-bolstered treasuries shed valueThe fallout from this month’s violent crypto market meltdown appears to have flowed into the stock markets, with publicly listed firms with exposure to crypto assets seeing significant losses during May.

The month saw Bitcoin (BTC) and other leading cryptocurrencies crash by at l…[Read more]

TA: Ethereum Breaks Key Resistance, Here’s Why ETH Could Test $3KEthereum extended its upward move above the $2,750 resistance zone against the US Dollar. ETH price is showing positive signs and it could rise towards $3,000 or even higher. Ethereum extended its recovery wave above the $2,650 and $2,750 levels. The price is now trading above the $…[Read more]

US must win CBDC race to maintain dollar’s global reserve currency status: Federal Reserve GovernorThe Fed’s governor has argued that The United States must be at the forefront of developing a central bank-issued digital currency, or CBDC, to bolster the role of the U.S. dollar as a global reserve currency.

In a May 24 announcement, Federal R…[Read more]

Amid rising stablecoin inflow, cautious traders fear a dead cat bounceThe recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a solid reversal that…[Read more]

Tether mints more coins to break $60 billion market capTether (USDT), the world’s largest stablecoin by market capitalization, continues to grow despite record-breaking cryptocurrency outflows triggered by Elon Musk’s Bitcoin (BTC) criticism.

On Monday, Tether’s market cap hit $60 billion for the first time in history, marking another miles…[Read more]

More Americans have heard of Dogecoin than Ethereum: SurveyIn just over five years since it launched, Ethereum introduced the world to smart contracts, decentralized finance, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project by market capitalization.

Dogecoin (DOGE) is a meme…[Read more]

Bitcoin not on the agenda for HSBC says bank’s CEOThe recent tumultuous price action for cryptocurrencies seems to be providing ample opportunity for popular anti-crypto bank HSBC to double down on its negative stance towards virtual currencies.

Speaking to Reuters on Monday, HSBC CEO Noel Quinn said that the bank was not interested in running a…[Read more]

Greenpeace: Bitcoin energy problem speaks to wider challenge for internet’s futureWith the hindsight of today’s perspective on Bitcoin’s (BTC) exorbitant energy consumption, it might come as something of a surprise to learn that the international non-governmental environmental organization Greenpeace was one of its earlier adopters.

Back in 2…[Read more]

H&R Block needs clear regulations before dealing with crypto taxes, CEO saysAs the debate surrounding crypto regulations heats up, tax professionals are taking a more cautious approach to deal with Bitcoin (BTC) and other earnings. The United States-based tax preparation service company H&R Block is looking for more precise regulations before…[Read more]

Does the Price of Bitcoin Really Depend on the Opinion of Elon Musk? An Interview With Norbert Goffa, the Co-Founder of ILCOIN Blockchain ProjectAn interview by Alyona Karpinskaya Interviewing: Norbert Goffa Q: What is your opinion about the post of Elon Musk, where Tesla dissociated itself from Bitcoin, regarding the environmentally damaging…[Read more]

OneOf raises $63M for new Green NFT platform for musiciansSustainable technology company OneOf has raised $63 million in seed funding to finance its new Green NFT platform for musicians, offering further evidence that the market for nonfungible tokens remains hot.

Several investors and venture capitalists participated in the seed round, including…[Read more]

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Bitcoin TA: Technical Breakout Suggests BTC Could Rally Above $40KBitcoin price is holding gains above the $38,000 pivot level against the US Dollar. BTC is signaling more gains above the $40,000 resistance zone in the near term. Bitcoin is showing positive signs above the $37,000 and $38,000 resistance levels. The price is trading nicely above…[Read more]

Mark Cuban officially backs PolygonBillionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent turmoil.

The addition of Polygon to the Mark Cuban Companies website appears to…[Read more]

Negative funding rates incentivize traders to long Polygon (MATIC) and AAVEData shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts.

In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it…[Read more]

Critical $20M SafeMoon vulnerability? Project devs say no cause for alarmPopular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code.

According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of…[Read more]

Bitcoin’s Price Could Still Hit $100,000, Bloomberg Analyst SaysBloomberg analyst Mike McGlone has revealed on social media that the recent cryptocurrency price crash saw BTC’s price drop for “reasons that support an extended bull market” and a path for it to hit $100,000 per coin. In a tweet, the analyst revealed that a primary factor cited f…[Read more]

Gold hits four-month high following crypto crashIn the aftermath of the Mid-May crypto market sell-off, gold has seen significant price recovery.

Gold prices continued to inch higher on Tuesday, hitting $1,887 per ounce at 3:00 am EDT, according to data from TradingView.

Spot gold year-to-date chart. Source: TradingView
Total crypto market cap…[Read more]

Korea’s crypto market is among the strongest — and the strangest — in the worldOn a day in which Bitcoin crashed briefly to $30,000 in a rampant bear market, the leading cryptocurrency never got anywhere close to that on Korean exchanges. The so-called “kimchi premium” saw to that, keeping the price of Bitcoin as much as $5,000 above its level on…[Read more]