Bitcoin Can Hit $125,000 in 2021 Says Fundstrat’s Tom LeeFundstrat’s Tom Lee has adjusted his Bitcoin price prediction to $125,000.
He mentions that Tesla’s reversal will encourage crypto to focus on renewables.
Currently, Bitcoin’s value trails around $45,490.
Fundstrat’s Managing Partner Tom Lee has adjusted his Bitcoin price predictio…[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]

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]

Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchainA luxury yacht firm has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year.

In addition to accepting Bitcoin payments, the firm also announced that it would…[Read more]

US FDIC seeks insight on banks’ role in cryptocurrency marketsThe United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities.

The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during t…[Read more]

Matic Hits ATH as Crypto Market Falls, Says Crypto AnalystAccording to Davis, the entire crypto market is going down but MATIC seems to go up.
Davis further added MATIC reached its all time high above $2.
Currently, MATIC is trading at $2.07 market price.
In a tweet this Tuesday morning, Lark Davis noticed the entire market is dumping but Polygon…[Read more]

Coinbase Joins Bandwagon, Sets Private Offering of $1.25BCoinbase announces a private offering proposal.
The private offering is $1.25 billion in convertible senior notes.
$COIN price is currently moving in a downward direction.
Coinbase announced, in their latest press release, that they are proposing a private offering of $1.25 billion in…[Read more]

Turkish crypto exchange acknowledges 2018 breach with 500,000 users’ data stolenMajor Turkish crypto exchange BtcTurk came forward about a data breach from mid-2018 that leaked sensitive information of over 500,000 users.

According to the official announcement, the stolen data set contains BtcTurk users’ names, citizen ID numbers, emails, add…[Read more]

Bank of America Joins Paxos To Allow Same-Day Trade SettlementBank of America (NYSE:BAC) has partnered with Paxos Settlement Service.
In the past few months, the bank has been organizing internal transactions.
This move would enable a speedier and flexible stock settlement system.
Bank of America, the second-largest bank in the US, has partnered…[Read more]

Dollar Falls, Musk’s New Antagonist, IEA Warning – What’s Moving MarketsInvesting.com — The dollar fell to its lowest in nearly three months as Federal Reserve officials continued to play down inflation concerns. Commodity prices rose again. Elon Musk has a new antagonist to reckon with. Walmart (NYSE:WMT), Home Depot (NYSE:HD) and Macy’s all r…[Read more]

Bank of America partnership with Paxos will allow same-day trade settlementsThe second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades.

According to a Bloomberg report on Monday, Bank of America (NYSE:BAC) has joined Paxos Settlement Service, a platform capable of same-day settlement of…[Read more]

Polkadot announces Kusama is ‘finally ready to host parachains’Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.

Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to t…[Read more]

Price analysis 5/17: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI(BTC) plummeted to an intraday low near $42,000 today, dropping 35% from its all-time high at $64,849.27. Over the weekend the selling intensified as news that Tesla (NASDAQ:TSLA) may have sold its Bitcoin holdings made waves, and even after this was proven to be untrue,…[Read more]

Here’s how Bitcoin’s intraday volatility complicates leverage tradingThe crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter.

This condition creates a FOMO-like situation where everyone gets greedy. The temptation to…[Read more]

TA: Ethereum Steadies Above $3,200, Here’s What Could Trigger Strong SurgeEthereum is holding the key $3,120 support zone against the US Dollar. ETH price is consolidating and it seems like it could soon clear the $3,500 resistance zone. Ethereum is holding the ground above the $3,120 and $3,200 support levels. The price is still well below the $…[Read more]

Stellar Lumen (XLM) Price Stable Above $0.60, More Gains PossibleStellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar. XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed…[Read more]

Litecoin Climbs 12% As Investors Gain ConfidenceInvesting.com – Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day percentage gain since May 5.

The move upwards pushed Litecoin’s market cap up to $20.351B, or 0.98% of the total cryptocurrency market cap. At…[Read more]

Pomp Tells CNN Anchor the Reason for Elon Musk’s Recent Attack on BitcoinLast week, crypto investor Anthony Pompliano (aka “Pomp”), who is a co-founder of Morgan Creek Digital as well as the host of The Pomp Podcast, discussed with CNN anchor Julia Chatterley Tesla CEO Elon Musk’s criticism of Bitcoin mining’s use of non-renewable energy. A…[Read more]

Can Cardano supplant Ethereum?Ethereum has seen a majestic rise up the chart over the last few weeks to a high of nearly $4400. A recent dip notwithstanding, all looks rosy for the number two ranked cryptocurrency. However, there are a few sizeable obstacles in the way. Could Cardano continue its own meteoric rise and take a big market share…[Read more]

EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications.

On May 17, EY rev…[Read more]