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Famous analyst calls $43K Bitcoin price ‘logical’Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.”

That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator.

BTC/USD 1-hour candle chart (Bitstamp) with Bollinger bands. Source: Tradi…[Read more]

‘Long Bitcoin’ chosen as most crowded trade in latest BofA surveyDespite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America (NYSE:BAC), this could indicate that the current bull cycle’s market top is still to come.

Bank of America’s most recent fun…[Read more]

US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRSMinnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets.

In an announcement from Emmer on Monday, the congressperson from Minnesota said he had once again introduced the Safe Harbor…[Read more]

Dow Ends Deeper in Red on Late-Selling as Tech Pares GainsInvesting.com – The Dow closed lower on sharp selling into the close Tuesday as tech stocks gave up gains and energy shares were dragged lower by falling oil prices on fears an Iran nuclear deal will boost global oil supplies.

The S&P 500 fell 0.89%, the Dow Jones Industrial Average f…[Read more]

The latest #Alonzo update paves the way for DeFi Apps to develop on the @Cardano ecosystem, such as @DeFIRE_Fi, @get_revuto, and @CardStarter.

📽️ Full #Cardano coverage here: https://t.co/XTlHsDV4DB pic.twitter.com/CVeVoFtsDk

— BeInCrypto (@beincrypto) May 18, 2021

@beincrypto global head of trading and investments, Vinícius Terranova, brings readers non-biased research article on @YahooFinance about #GenesisShards and how it is redifining #NFTs as #Defi Options

Read & Share👇https://t.co/UHMJMoCmQU

— Genesis Shards (@GenShards) May 18, 2021

Sergey @chainlink stated, the nascent #DeFi space could emerge as a primary competitor of banks and #FinTech firms #DeFi is not going away & will likely capture a significant portion of the market that banks and #FinTech firms currently control$LINKhttps://t.co/Ms6P188HkN

— ƊÓȠ. 2.0 (@Don_ChainLink) May 18, 2021

https://twitter.com/acatlink/status/1394722209936052224

Bitcoin (BTC) Will Bounce Back Says 5 Analysts5 analysts’ view on whether Bitcoin will bounce back.
Analyst Button made a clear view that BTC is not the currency of the future.
The current losses are a small growing pain in the crypto industry.
Bitcoin (BTC) price dropped over 30% in a week from $59.3k to $41.9k, according to CoinGecko. This p…[Read more]

Chinese trade associations sound crypto investment warningThe China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about the risks of investing in cryptocurrencies.

According to a report by Shanghai Securities News on Tuesday, the…[Read more]

MATIC says ‘no’ to crypto bears with new all-time highs, weekly gains near 120%infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day.

MATIC/USD 1-hour candle chart (Coinbase). Source: TradingView
Cointelegraph Markets Pro and TradingView showed M…[Read more]

Buyers beware as “altcoin” frenzy bruises bitcoinLONDON (Reuters) – Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few of the investors fuelling their rise seem bothered.

Among the major “altcoins” – as all…[Read more]

Another DeFi project hacked, $7.6 million drainedFinNexus, a cross-chain DeFi protocol for writing options exposure for several assets from a single collateral pool, has reportedly lost $7.6 million to the cold hands of hackers.

The decentralized options platform reported the hack on Twitter on Monday, advising investors to withdraw their funds…[Read more]

Binance CZ Calls Microstrategy “Legend!” After Buying More BTCMicrostrategy (NASDAQ:MSTR) purchases an extra 229 bitcoins to increase its holdings.
Microstrategy CEO mentions that they now hold a total of 92,079 bitcoins
Binance CEO Changpeng Zhao replies with “Legend!”.
Not too long ago, Microstrategy bought a lot more bitcoins to increas…[Read more]

Street art NFT exhibition to launch in physical showroom in RigaA physical showroom for nonfungible tokens is set to open in Riga, Latvia, where NFTs of street art from around the globe will be put on display. The gallery is being launched by Kiwie 1001, an NFT project born from the Latvian street art collective of the same name.

Submissions are…[Read more]

Kika — A New Lending Pool Protocol for HECOThe year 2021 has brought a lot. Crypto prices have skyrocketed, the NFT market exploded, and DeFi continues to blow up, with a year-long almost uninterrupted surge. While DeFi offers a variety of services, such as DEXes, staking, yield farming, and more, lending still seems to be the leading type of D…[Read more]

Luxury yacht firm Prime Experiences now accepts Bitcoin paymentsPrime Experiences, a luxury yacht firm operating in North America, has announced that it will begin to accept Bitcoin payments for its services. The firm is confident that the move will be met with an immediate 40% growth from Bitcoin payments in its first year.

In addition to…[Read more]

Ethereum-based DeFi platform DeversiFi raises $5M in strategic investmentsDeversiFi, an Ethereum-based layer-two decentralized finance platform, has secured $5 million in strategic investments from some of crypto’s biggest venture capital firms, sending a strong signal that demand for DeFi opportunities remains strong.

DeversiFi intends to make D…[Read more]