Crypto Lender Babel Finance Gains $40M From InvestorsBabel Finance raised $40 million through big-name investors.
With these new investors, Babel plans to expand its business.
Babel Finance, a crypto-lending Chinese start-up, has just earned $40 million from some big-name investors. Babel Finance has made quite the buzz in the crypto space. So…[Read more]

Gemini Faces Service Disruptions Right After ETH Hit $4,200Gemini faces degraded performance in its mobile app, web interface, and application programming interface.
Reportedly, deposits and withdrawals of all tokens Gemini supports were unaffected.
Bitcoin (BTC), ETH, XRP, and others experience a price drop.
Gemini cryptocurrency exchange…[Read more]

Digital Art NFTs: Is the Hype Dead, and Where to Next?Digital artists are switching to Hic et Nunc marketplace to mint and sell their NFTs.
The platform is based on Tezos and uses a more energy-efficient consensus.
Digital artists like Joanie Lemercier and Memo Akten have left Ethereum in favor of Tezos.
It all started with Cryptokitties. In 2017,…[Read more]

Kazakhstan’s government to create roadmap for developing crypto marketKazakhstan’s government forming a roadmap to stimulate the development of the cryptocurrency industry and blockchain technology in the country.

State authorities have reviewed proposals to address the crypto industry’s development and reconsider the state’s approach to regul…[Read more]

Factbox: Bitcoin’s march towards the mainstream– Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance. A growing embrace by major companies and financial firms, particularly in the United States, have fuelled its gains.

Here are some of the steps that have pushed the world’s largest…[Read more]

Shiba Inu: A Copydog Becomes A DogekillerShiba Inu (SHIB) has performed a stunning seven-day wonder in the market with a 760% rise.
More investors turn to altcoins for quick profits due to their volatility.
Shiba Token is now an ecosystem of meme coins that aims to displace Dogecoin.
In the end, experts warn that it could be a disaster for meme…[Read more]

Nebraska bill to allow banks to offer crypto services moves forwardNebraska lawmakers are moving forward with an initiative that would allow state banks to offer cryptocurrency services.

State Senators favored the measure through the first of three required votes in the legislature, with 39 lawmakers voting to advance the bill for enrollment and…[Read more]

ForestAu green offers 3.69 billion cubic meters of tokenized Amazonian rainforest (DeFi tokens)Humanity is advancing faster than ever before, with new inventions revolutionizing different aspects of our lives, the world, and everything else almost on a daily basis. However, as much as we have achieved, we have yet to solve some of the pressing…[Read more]

Yearn Finance price nearly hits $70,000 — What’s driving the YFI bulls?A lackluster cryptocurrency market did little in offsetting Yearn Finance’s bullish bias as the price of its governance token YFI reached new record highs in USD terms on May 11 — just shy of $70,000.

The YFI/USD exchange rate added $6,258, or 10.02%, to reach $68,748 ahe…[Read more]

UBS joins crypto bandwagon to offer exposure to wealthy clientsUBS Group AG (SIX:UBSG) is not planning to sit on the sidelines while other global banking giants like JP Morgan and Goldman Sachs (NYSE:GS) offer crypto exposure to clients. The Swiss multinational investment bank and financial services company has indicated its interest to offer its…[Read more]

Shiba Inu hits another exchange as SHIB deposits overwhelm BinanceShiba Inu (SHIB) was listed on three different cryptocurrency exchanges in the past 48 hours, after an explosive 966% surge in the same time frame sent the token to 18th in the market cap rankings.

Self-described as the “Dogecoin Killer”, Shiba’s instant addition to Binance on Ma…[Read more]

Nasdaq Futures Down 175 Pts; Inflation Worries Drag Tech Sector LowerU.S. stocks are seen opening sharply lower Tuesday, with investors continuing to clobber the heavily-weighted tech sector on rising inflation worries.

At 7 AM ET (1200 GMT), the Dow Futures contract was down 165 points, or 0.5%, S&P 500 Futures traded 32 points, or 0.8%, lower,…[Read more]

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Ethereum continues wild run, ETH price breaks $4,000 for the first timeEther (ETH) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase. The new milestone comes just a week after breaking $3,000.

ETH/USD 4-hour candle chart (Coinbase). Source: Tradingview
Last week,…[Read more]

Ethereum Will Rally to $10k by the End of 2021, Analyst Predicts

• Magnetic Co-Founder Megan Kaspar says that ETH will go to $10k by the end of 2021.
• Five months ago, Kaspar predicted that ETH will go to the $3k and it did.
• Kaspar points out that the shift to proof-of-stake will attract institutional investors.

Magnetic Co-Founder Megan Kaspar…[Read more]

BTC could trade for $250K within five years: Morgan Creek Capital CEOMorgan Creek Capital Management founder and CEO believes Bitcoin’s next market cycle could see the asset rival gold by market capitalization and trading for more than $200,000.

While appearing on CNBC’s Trading Nation on May 9, Mark Yusko compared the rapid adoption of Bit…[Read more]

Analyst sagt: Bitcoin explodiert auf 250.000 Dollar und Dogecoin ist total nutzlos– Bitcoin durchläuft derzeit eine Konsolidierungsphase. Und so rücken andere Kryptowährungen wie Ethereum und Dogecoin zunehmend in den Fokus der Krypto-Investoren.

Doch viele glauben, dass das Interesse an Bitcoin wieder zunimmt, sobald die Trader den Hype um di…[Read more]

BioNTech to build mRNA vaccine manufacturing site in Singapore

UK airline stocks cushioned by hopes for big June travel restartBritish airline stocks lost ground on Monday after the government set out a limited reopening of travel, but losses were cushioned by hopes that a bigger take-off would be on the cards for June.

British Airways-owner IAG (LON:ICAG), easyJet (LON:EZJ), Jet2 and TUI were all down…[Read more]