TA: Bitcoin Dives Further, Here’s Why BTC Could Find Bids Near $42KBitcoin price extended its decline below the $45,000 support zone against the US Dollar. BTC is declining and it could soon test $42,000 or $40,000 in the near term. Bitcoin started a major decline from well above $50,000 and it even traded close to $45,000 The price is now t…[Read more]

Square not revisiting its Bitcoin allocation, but still interested in the assetOver the course of 2020 and 2021, Square bought over $200 million worth of Bitcoin (BTC). At present, the payments company does not anticipate picking up more of the asset, according to its chief financial officer, Amrita Ahuja.

In an interview with Financial News…[Read more]

Chance of a price crash increases as Cardano (ADA) futures near $1BThe impressive 816% gain of Cardano’s ADA coin in 2021 catapulted the smart contract platform’s market capitalization to $61 billion. To fully grasp how far this third-generation protocol has gone, the absolute leader, Ether (ETH), held the same valuation just six months ago.

As…[Read more]

Delphi Digital forms $5 million NFT investment ‘syndicate’Delphi Digital — a multiservice cryptocurrency investment, consulting and research firm — announced on Friday the launch of “Delphi InfinNFT,” a new investment wing focused on nonfungible tokens and the NFT ecosystem.

Per a post on Twitter, the fund will invest upward of $5 million into “N…[Read more]

Top 5 cryptocurrencies to watch this week: BTC, XRP, DOT, XLM, SOL(BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than 1,000 BTC have reduced from about 2,500 in February to 2,100.

If large…[Read more]

Market Extra: ‘Bitcoin is melting.’ Here’s what a 30% drop from highs in the crypto may say about stock-market risk sentimentWhat does a meltdown in bitcoin prices over the weekend portend for stocks?

Caitlin Long reveals the ‘real reason’ people are selling cryptoThe founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin’s reserves may have contributed to the altcoin selloffs last week.

In a series of Saturday tweets, Caitlin Long said that Tether Holdings Limited’s breakdown of Tether’s (USDT) reser…[Read more]

Mark Cuban: Crypto prices increasingly reflect “real demand”In a Twitter thread today, billionaire investor Mark Cuban weighed in on the current state and the future of blockchain technology and investment, ultimately concluding that while there are real obstacles to adoption asset prices are increasingly reflective of real “utility” and “demand…[Read more]

Ethereum Falls 10% In RoutInvesting.com – Ethereum was trading at $3,400.57 by 16:39 (20:39 GMT) on the Investing.com Index on Sunday, down 10.32% on the day. It was the largest one-day percentage loss since May 15.

The move downwards pushed Ethereum’s market cap down to $395.84B, or 19.00% of the total cryptocurrency market cap. At its highest,…[Read more]

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a mythHistorically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.

However, as Coi…[Read more]

Argentina’s tax body reportedly asks crypto firms to report all activityA tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC).

Argentina’s Federal Administration of Public Income, or AFIP, has ordered domestic crypto exchanges and payment firms to provide monthly reports of all…[Read more]

Good morning community, have a great day 🌞

VORTECS Report: Dammit, Musk, now you’re messing with AAVE too?Who knew what, and when did they know it?

Investigating Watergate in 1973, Senator Howard Baker Jr. wanted the answer. Thanks to a couple of journalists, he eventually got it. And while the stakes may not be as high, the team at Cointelegraph Markets Pro is pretty curious about some…[Read more]

Capture the industry? Token IPOs aim for $200T global capital marketEarlier in May, INX Limited — a Gibraltar-based blockchain trading platform — announced the completion of its INX token sale event, which took place via an initial public offering. The event marked the first time that the United States Securities and Exchange Commission app…[Read more]

Weekly Roundup: Tesla stops accepting Bitcoin payments, Ethereum is overpriced, eBay enables NFT trading on its platformAs part of its economic recovery plan, Hungarian lawmakers are planning to give Bitcoin investors tax cuts.
Software and data analytics company Palantir now accepts Bitcoin payments. There are also plans to add the leading…[Read more]

Crypto industry brass explains harnessing renewable energy could help BTC minersThe energy consumed by mining — the process that keeps Bitcoin’s blockchain running — has been an increasingly popular topic of discussion in recent weeks.

On Friday, CNBC posted an interview with SUKU CEO Yonathan Lapchik, during which he explained the Bitcoin minin…[Read more]

QuickSwap – The DEX Curating An Economical and Scalable Way to Swap TokensThe rise of decentralized finance has massively boosted the number of transactions occurring on the Ethereum blockchain. It led to the congestion on the network and users paying higher gas fees to process their transactions. The cost to execute a trade has gone so high t…[Read more]

Ripple (XRP) Challenges SEC LawsuitRipple formally filed a defense against the SEC lawsuit.
SEC wanted to dismiss the lack of due process and fair notice excuse for the XRP token as a security.
The US Securities and Exchange Commission (SEC) proposed a motion against Ripple (XRP). Of note, the SEC filed the document purposely to reject the “lack o…[Read more]

Twitter CEO Jack Dorsey Tweets in Favor of BitcoinJack Dorsey recently tweeted in support of Bitcoin.
Dorsey believes no one person can change or stop the top crypto.
The tweet came in the wake of Elon Musk criticizing Bitcoin.
Jack Dorsey, Twitter, and Square Inc (NYSE:SQ) CEO, recently showed his support for Bitcoin in a tweet.

#bitcoin changes…[Read more]

Supply chains reimagined: Enterprise DeFi finances personal protective equipmentSupply chain management has historically been challenging due to issues, such as increased costs, consumer demands, financial risk, volatility and much more. Unfortunately, the COVID-19 pandemic has created even bigger issues for supply chains globally.

A recent…[Read more]