Cryptocurrency custody gives commercial banks a foothold in the marketCustody services aren’t the most compelling corner of the crypto ecosystem, but 21st-century solutions for storing and safekeeping digital assets are critical if cryptocurrencies are to achieve widespread adoption.

For that reason, Cowen Inc.’s recent announcement that the 103…[Read more]

Collector Car Auction Giant Now Accept Crypto as PaymentsMecum Auctions now accepts crypto as payments.
This allows the auction company to attract new sales and customers.
The registered Mecum bidders can leverage crypto payment options through Bitpay.
Mecum Auctions, the popular collector car auction business announced that it now accepts…[Read more]

Crypto Flipsider News – May 25th – Bitcoin, Tether, XRP, Chia, Elon Musk, Michael Saylor, Vitalik Buterin, Dynamo, South Korea, Ray DalioGreetings to the crypto world attendees as well as permanent residents,

DailyCoin flipsider is on the stage!

In today’s digest:

Influencers soap opera: Elon Musk, Michael Saylor, and Vitalik Buter…[Read more]

Solidus Labs Raises $20 Million From VCs and Ex-RegulatorsSolidus Labs raised $20 million in a Series A funding round.
The Series A fund gained support from VCs and former US regulators.
Also, Solidus aims to help get SEC approval for the first US crypto ETF.
Solidus Labs just closed a successful $20 million Series A funding round. The funding…[Read more]

New Infrastructure Coins: Chainlink, VeChain, IOTA, Hedera HRInfrastructure coins like Chainlink, VeChain, and IOTA are aimed towards building stronger infrastructure for the ecosystem.
IOTA concerns itself with the building of a network that is feeless and faster than conventional blockchains.
Chainlink’s endeavours have seen it strive to r…[Read more]

EOS Climbs 12% In RallyInvesting.com – EOS was trading at $5.4179 by 09:45 (13:45 GMT) on the Investing.com Index on Tuesday, up 11.70% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed EOS’s market cap up to $5.1740B, or 0.32% of the total cryptocurrency market cap. At its highest, EOS’s market cap was…[Read more]

DeFi Token YFI Spikes 76% as BTC, ETH Makes Double-Digit ProfitsYFI surges over 76% as BTC, and ETH makes double digit gains.
As crypto has gone mega-bullish, the perpetual swaps are nearing zero still.
Decentralized Finance (DeFi) token Yearn.Finance (YFI) surges over 76% as Bitcoin (BTC), and Ethereum (ETH) makes double-digit…[Read more]

Maker, Aave, Compound, and Polygon Soars To New HighsDecentralized Finance Maker, Aave, Compound, and Polygon soar to new highs.
All the DeFi protocols operate on Ethereum.
The DeFi community thinks that MKR, AAVE, COMP, and MATIC rise is due to the ETH price surge.
Currently, decentralized finance (DeFi) protocols Maker, Aave, Compound, and…[Read more]

Everyone Wants the Next Dogecoin, and Chiliz Could Be ItThe Chiliz price jumped more than 50% in March.
Everyone wonders whether Chiliz has the potential to go “to the moon” like Dogecoin.
The two tokens are altcoin with moon-shot potential.
Earlier today, analyst David Moadel’s post on Twitter said, “Everybody Wants the Next Dogecoin, and Chiliz…[Read more]

DeFi Startup Cryption Network Raises $1.1M FundsCryption Network raises $1.1 million on its funding rounds.
The project welcomes investments from angel investors and other huge capitalists.
Its products allow users to swap, farm, invest and predict without heavy network congestion.
On Monday, Cryption Network, a user-friendly retail DeFi platform,…[Read more]

Bitcoin Slips Below $38,000 in a Retreat From Monday’s Rally(Bloomberg) —

Bitcoin traded lower on Tuesday as prices pulled back from a double-digit percentage rally, stoked by Elon Musk’s effort to bolster the token’s green credentials on Twitter.

The largest digital currency slipped 4.6% to trade at $37,250 as of 7:43 a.m. in New York, follo…[Read more]

Jump On ‘JNUG’ as Gold Prices Start to Inch HigherGold might be back in vogue, giving traders an opportunity for a backdoor play on miners with the Direxion Daily Jr Gold Miners Bull 2X ETF (JNUG). As gold inches higher, JNUG has been following in lockstep, times two. With its extra leverage, JNUG gives 200% exposure to the daily performance of…[Read more]

Michael Saylor Teams Up with Miners and Elon Musk to Create Green Bitcoin Mining CouncilSaylor announced that he together with Musk and other major US Bitcoin miners will create Bitcoin Mining Council
The consortium will focus on crypto-mining sustainability and transparency
The timing of this eco-centric crypto-mining consortium could be…[Read more]

S&P 500 in Narrow Range as Energy Slump Keeps Lid on Reopening-Led GainsInvesting.com – The S&P 500 lacked direction Tuesday as investors weighed weakness in energy against strength in leisure and travel stocks amid ongoing optimism on the progress of the economic reopening.

The S&P 500 fell 0.05%, the Dow Jones Industrial Average was flat, a…[Read more]

Dubai Free Zone (DMCC) Launches Crypto and Blockchain HubDMCC free zone in launching a crypto and blockchain hub in Dubai.
The hub will house a crypto advisory led by CV Labs.
Also, the UAE’s SCA will regulate crypto activities within the free zone.
Dubai Multi Commodity Centre (DMCC) is launching a cryptocurrency and blockchain hub. The hub, D…[Read more]

Huw van Steenis: Banks Aren’t Afraid of Crypto; They Just Want to Overpower ItUp to this point, the hidden narrative is that central banks are somehow threatened by bitcoin… That they are fearful of it, and that they will do all in their power to somehow keep it from spreading or reaching the top of the financial ladder. However, according to Huw…[Read more]

Biconomy Presents ‘Hyphen’, the Missing Cross-chain Superhighway and Bridge Infrastructure to Disrupt the Multi-chain Web3 EcosystemAccording to research, there are currently over 2,782 decentralized applications on the ethereum network. The excessive gas fees on the ethereum base layer has become a barrier for most people to plug into the DeFi…[Read more]

XRP Climbs 10% In RallyInvesting.com – XRP was trading at $0.92883 by 07:43 (11:43 GMT) on the Investing.com Index on Tuesday, up 10.14% on the day. It was the largest one-day percentage gain since May 24.

The move upwards pushed XRP’s market cap up to $42.25040B, or 2.68% of the total cryptocurrency market cap. At its highest, XRP’s market cap…[Read more]

Oil little changed, gold pops on data, bitcoin lowerOil eyes Iran nuclear talks Crude prices are in wait-and-see mode until the fifth round of negotiations to revive the Iran nuclear deal are done. Energy traders need to know how much Iranian crude is going to hit the market and that will only be known once the sanction relief part is finalized.…[Read more]

Clothing Shop in Milano Starts Accepting ADA As PaymentDictionary Milano now accepts Cardano as payment for its services.
The clothing shop also enables Ripple (XRP) and Stellar Lumens (XLM) payment.
Aside from Dictionary Milano, a couple has also disclosed that they now accept ADA for their small soap business.
Cardano (ADA) is on a roll.…[Read more]