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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]

Chinese Bitcoin miners prepare exit strategy in the face of regulatory uncertaintyFollowing reports that Chinese regulators will be cracking down on Bitcoin mining and trading activities, Chinese miners are already planning their exit strategy.

As reported by BTC PEERS, the country’s Financial Stability and Development Committee (FSDC) said d…[Read more]

The Ratings Game: Coinbase stock gets a boost from J.P. Morgan, as analyst recommends investors buyShares of Coinbase Global Inc. rallied Tuesday, after J.P. Morgan analyst Kenneth Worthington recommended investors buy, saying the company occupies a “key position” in the U.S. market for cryptocurrency transactions, a technology which is expected…[Read more]

Investorshub CEO Says BTC Is Facing 4-Year Cycle To Hit $120k ATHInvestorsHub CEO Clem Chambers says that BTC is undergoing its four-year cycle before its $120K ATH.
Chambers suggested that Bitcoin will hit lows of $10,000 before it will recover.
InvestorsHub CEO Clem Chambers has expressed that the flagship currency Bitcoin (BTC) is still under…[Read more]

Crypto Market Recovers, Bitcoin and Altcoins on the RiseThe crypto market recovers after experiencing a series of bearish dips in the past few days.
Bitcoin close in going back again above $40k.
The crypto market is back on its feet right now after experiencing a series of bearish dips in the past few days. Specifically, most of the…[Read more]

The Level Bitcoin Bulls Must Reclaim To Defend The Worst Monthly Selloff EverBitcoin price collapsed by more than 50% from its recent highs set only one month ago. The sharp decline now represents that largest drop in the history of the cryptocurrency – but there’s still several days left for the monthly candle to close. That means bulls can und…[Read more]

5 Reasons Why Polygon (MATIC) is Hot – Invest in MATIC Now? Should you buy Polygon (Matic)? Yesterday it was up over 100% – we look at reasons why the buying interest looks set to continue. It’s […]

MicroStrategy and Tesla CEOs Set Up ‘Bitcoin Mining Council’ After Joint MeetingNorth America’s Bitcoin (BTC) mining industry is likely moving steadily towards greater environmental sustainability. Microstrategy CEO Michael Saylor has initiated a successful meeting that featured Tesla CEO Elon Musk and several prominent business leaders from the r…[Read more]

Binance to List Mask Network (Mask)Binance announced they will list Mask Network.
The pairs are MASK/BNB, MASK/BUSD, and MASK/USDT.
Trading pairs and withdrawals will open on May 25.
The world’s leading blockchain ecosystem, Binance, announced earlier today that they would list Mask Network (MASK). Also, the announcement mentioned that trading w…[Read more]

Moderna Rises As Vaccine Found 100% Effective In TeensInvesting – Moderna (NASDAQ:MRNA) shares rose nearly 3% in Tuesday’s premarket trading as the company said its Covid-19 vaccine has been found to be 100% effective in teenagers and that it would seek regulatory approval next month for its emergency use in that age group.

Moderna conducted tri…[Read more]

Russia to begin digital Ruble trials in 2022The Central Bank of Russia has announced its plans to begin its digital ruble trials in 2022.

Elvira Nabiullina, the head of the apex bank, disclosed that the country would soon join the ranks of nations working to deliver a central bank-backed digital currency (CBDC). The confirmation comes about a…[Read more]