Crypto Tax Crackdown In The US – Should You Still Buy Bitcoin?The US Treasury and Inland Revenue Service (IRS) are cracking down on what they see as cryptocurrency-fuelled tax evasion. Lack of a regulatory framework for […]

Can 2021 Become A Year For Crypto Revival?EOS priced rallied and jumped over 50% earlier this month, after Block.one, the company behind the EOS blockchain and EOSIO software, announced they would create a new subsidiary to compete with existing financial markets and bridge the gap in decentralized finance.

Cryptocurrencies have recorded…[Read more]

Travala.com Partners with XinFin to add XDC as Payment MethodTravala.com partners with XinFin to add XDC as a payment method
XDC holders will soon be able to book flights, tours, activities, hotels, and resorts
Travala.com has more than 3 million travel products
One of the world’s leading travel booking platforms, Travala.com, made an a…[Read more]

Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We’re Caught In A BubbleAs devastating as Wednesday’s crypto crash was, few hodlers lost as much as Ethereum Co-Founder Vitalik Buterin. According to CNN, Buterin’s public wallet was valued at $1.1 billion on the morning of the downturn. But following the crash, it stood at $870 milli…[Read more]

Crypto Is A Bubble But Bitcoin Might Survive – Vitalik ButerinEthereum founder Vitalik Buterin is convinced that the crypto market is in a bubble. He said that all the energy debate that is swirling around bitcoin mining needs it to embrace some technological change. On May 18, Buterin spoke with CNN where he said: “We’ve had at least three of th…[Read more]

US crypto investors to report transactions over $10k to the IRSIn a bid to clamp down on tax evaders, the United States Treasury has moved to strengthen its restrictions on cryptocurrency transactions. Moving forwards, U.S. investors are required to report all transactions above $10,000 to the Internal Revenue Service (IRS) for documentation and…[Read more]

Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants The lofty prices of cryptocurrencies have investors sinking money into electricity generation, risking a backlash.

Bitcoin hovers above $40,000 mark as regulatory concerns cap gainsBitcoin’s price hovered above the $40,000 level on Friday, as a comeback for the world’s top cryptocurrency was checked by worries around regulation.

Bitcoin Bull Market Not Over After $30K Crash Dismantles LeverageBitcoin (BTC) is still ‘halfway’ through the current bull market and the price dip that happens earlier this week turned out to be a ‘win’ for the hodlers, based on a study by on-chain analyst Willy Woo. In his latest market updates that are publicly accessible, the famous statist…[Read more]

World-Renowned Fitness Expert Reveals She Has Invested in Cardano ($ADA) and Dogecoin ($DOGE)Jillian Michaels, who is one of the world’s leading fitness experts, has revealed that she has invested a large amount of money in Cardano’s ADA token, as well as a smaller amount in Dogecoin ($ADA). Michaels is “an American personal trainer, busin…[Read more]

Ethereum Soars 30% As Investors Gain ConfidenceInvesting.com – Ethereum was trading at $2,906.69 by 20:43 (00:43 GMT) on the Investing.com Index on Friday, up 30.32% on the day. It was the largest one-day percentage gain ever.

The move upwards pushed Ethereum’s market cap up to $330.82B, or 18.22% of the total cryptocurrency market cap. At its…[Read more]

XRP Jumps 26% As Investors Gain ConfidenceInvesting.com – XRP was trading at $1.19993 by 20:40 (00:40 GMT) on the Investing.com Index on Friday, up 26.05% on the day. It was the largest one-day percentage gain since April 26.

The move upwards pushed XRP’s market cap up to $55.89239B, or 3.08% of the total cryptocurrency market cap. At its…[Read more]

TA: Ethereum Approaches Next Major Break, $3K Is The KeyEthereum recovered nicely above the $2,750 resistance zone against the US Dollar. However, ETH price must clear $3,000 for a steady increase in the coming sessions. Ethereum is up over 15% and it cleared the $2,750 resistance zone. The price is still well below the $3,000 level and the 100…[Read more]

Hacker steals $200 million from PancakeBunny in a flash loan exploitAn attacker has made away with a whopping $200 million from PancakeBunny after exploiting the Binance Smart Chain (BSC) exchange.

The PancakeBunny team confirmed the incident in a tweet on May 20, explaining that there was no smart contract hack or vault breach. Instead, what the…[Read more]

Institutional investors may dump Bitcoin for gold as prices slide below $40k, JPMorganAnalysts at JP Morgan have said that institutional investors may start dumping Bitcoin in favor of gold as the leading cryptocurrency dipped below $40,000 yesterday.

According to a report by Reuters, the analysts believe that these big-money players are…[Read more]

Dow Trades Higher as Economic Indicators Improve, Earnings StrongInvesting.com — Markets improved for a second day as better-than-expected indicators and good earnings improved sentiment.

The Manufacturing PMI for May came in stronger that the forecast at 61.5 versus the expected 60.5. Yesterday’s jobless claims were the lowest since the…[Read more]

Bitcoin tumbles after China says to crack down on mining, trading activitiesNEW YORK/LONDON (Reuters) -Bitcoin dropped on Friday after China’s Vice Premier Liu He said his government will crack down on the virtual currency’s mining and trading activities.

The world’s largest and most popular cryptocurrency last traded down more than 6% at $38,293…[Read more]

Dollar Weakens; Concerns Over Fed Tapering EaseInvesting.com – The dollar traded lower in early European trade Friday, heading for a weekly loss as concerns eased over Federal Reserve members discussing potentially tapering back bond buying.

At 3 AM ET (0800 GMT), the Dollar Index, which tracks the greenback against a basket of six other…[Read more]

NFT enthusiasts hold firm despite crypto price plungeLONDON (Reuters) -This week’s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.

Non-fungible tokens – a way of trading…[Read more]

Dollar set for weekly loss as taper fears subside; crypto bounce loses steamLONDON (Reuters) – The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns about taper talk in Federal Reserve minutes faded, though a pullback in commodity prices and nervousness about virus outbreaks kept losses in…[Read more]