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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]

Bitcoin rebound loses steam on rising regulatory concernsLONDON (Reuters) – Beset by rising regulatory pressure, bitcoin hovered around $40,000 on Friday, pausing its attempt to recover from this week’s massive plunge.

Bitcoin was little changed on the day at $40,256 on the Bitstamp exchange. That is roughly 30% above its Wednesday low, but below…[Read more]

Will bankers embrace sensors under their desks when they return to work?NEW YORK (Reuters) – Reservation systems for seats. Algorithms that say whether a location is crowded or not. Cameras to show what’s happening in real-time. Trackers that let others know you are there.

Technology that has swept the world for convenience, curiosity, and…[Read more]

Deere raises forecast as profit more than doubles on equipment demand(Reuters) -Deere & Co on Friday raised its full-year earnings forecast after a 169% surge in quarterly profit, as a recovering global economy boosts demand for farm machine and construction equipment.

The world’s largest farm equipment manufacturer, however, expects supply-chain…[Read more]

Tesla raises price of Model Y, Model 3 variants(Reuters) – Tesla (NASDAQ:TSLA) Inc has increased the price of its Model 3 Long Range and Standard Range Plus and Model Y Long Range by $500, the electric-car maker’s website showed on Friday.

The price of its cheapest Model 3 Standard Range Plus has been increased to $39,990, while the Model 3 L…[Read more]

U.S. stock futures point higher after whipsaw weekLONDON (Reuters) – U.S. stock futures were indicating a higher Wall Street on Friday after a volatile week, with recent U.S. data soothing inflation nerves, while the dollar approached three-month lows on reduced bets of early Federal Reserve rate hikes.

U.S. inflation worries have spooked…[Read more]