Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG https://t.co/bwzsRBY8c1

— CNBC (@CNBC) May 5, 2021

Litecoin Climbs 12% As Investors Gain ConfidenceInvesting.com – Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day percentage gain since May 5.

The move upwards pushed Litecoin’s market cap up to $20.351B, or 0.98% of the total cryptocurrency market cap. At…[Read more]

Pomp Tells CNN Anchor the Reason for Elon Musk’s Recent Attack on BitcoinLast week, crypto investor Anthony Pompliano (aka “Pomp”), who is a co-founder of Morgan Creek Digital as well as the host of The Pomp Podcast, discussed with CNN anchor Julia Chatterley Tesla CEO Elon Musk’s criticism of Bitcoin mining’s use of non-renewable energy. A…[Read more]

Can Cardano supplant Ethereum?Ethereum has seen a majestic rise up the chart over the last few weeks to a high of nearly $4400. A recent dip notwithstanding, all looks rosy for the number two ranked cryptocurrency. However, there are a few sizeable obstacles in the way. Could Cardano continue its own meteoric rise and take a big market share…[Read more]

EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications.

On May 17, EY rev…[Read more]

Ripple’s Director of Developer Relations on RippleNet, ODL, $XRP, and $XLMRecently, Matt Hamilton, Director of Developer Relations at FinTech firm Ripple, took the time to address some of the common misconceptions regarding the formation of Ripple, payment network RippleNet, On-Demand Liquidity (ODL), and digit asset XRP. He also explained the r…[Read more]

1.1M noobs panic sell, but Bitcoin hodlers DGAFWhile new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands.

Heavy selling in response to hints from Elon Musk that Tesla (NASDAQ:TSLA) may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the…[Read more]

Need to Know: Bitcoin at $250,000 in a year? This ‘rocket fuel’ will help it get there, says former Goldman Sachs alumRaoul Pal tells bitcoin investors that current volatility is to be expected, but big things are around the corner.

Institutions dump BTC as volume soars for Ether fundsCoinShares’ weekly Digital Asset Fund Flows report has revealed last week saw the largest Bitcoin in the report’s history as Elon Musk’s Twitter account again wreaked havoc in the crypto markets.

The May 17 report notes $98 million exited Bitcoin investment products last week, equating to 0.2%…[Read more]

Elon Musk impersonators make bank as crypto scammers’ profits surgeThe United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk.

The findings report that cryptocurrency i…[Read more]

Fox teams up with Rick and Morty co-creator on animated NFT seriesFox Broadcasting Company has teamed up with Rick and Morty co-creator Dan Harmon to develop what they describe as the “first-ever animated series curated entirely on the Blockchain.”

The animated comedy series, dubbed “Krapopolis,” will be launched alongside a dedicated marketp…[Read more]

MicroStrategy bought another $10 million worth of bitcoin, now holds over 92,000 bitcoinsMicroStrategy Inc. disclosed Tuesday that it just spent $10.9 million to buy 229 bitcoins, at an average price of $43,663 per bitcoin, including fees. Bitcoin was recently trading up 2.9% at $45,012, according to FactSet, while MicroStrategy’s stock was up…[Read more]

Revuto Raises $1.7M To Support Payment Development on ADARevuto raises $1.7 million on its private round.
The team plans to support the development of a crypto payment solution on Cardano.
Revuto will be conducting a live event on Youtube on May 19, 2021.
On Tuesday, Revuto completed a $1.7 million private token sale. The token sale proceeds will…[Read more]

United States, Germany, Turkey lead search interest in EthereumThe United States is the country most interested in Ether (ETH), followed by Germany and Turkey, an analysis of search data has revealed.

A report by Invezz.com, as reported by Finbold, showed 1,116,000 searches per month for the term “Ether” emanating from the United States. Exc…[Read more]

Bank of America partnership with Paxos will allow same-day trade settlementsThe second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades.

According to a Bloomberg report on Monday, Bank of America (NYSE:BAC) has joined Paxos Settlement Service, a platform capable of same-day settlement of…[Read more]

Institutional fund acquires $5m in PLU – backing a MetaMask killer AppPlutus, a pioneering DeFi start-up has received $5 million in funding from a prominent crypto fund, Alphabit, in light of their upcoming product release, a crypto wallet that includes both Ethereum and Bitcoin which could rival the likes of MetaMask.

Bitcoin recently hurdled t…[Read more]

Bitcoin Can Hit $125,000 in 2021 Says Fundstrat’s Tom LeeFundstrat’s Tom Lee has adjusted his Bitcoin price prediction to $125,000.
He mentions that Tesla’s reversal will encourage crypto to focus on renewables.
Currently, Bitcoin’s value trails around $45,490.
Fundstrat’s Managing Partner Tom Lee has adjusted his Bitcoin price predictio…[Read more]

Breakneck speed of crypto adoption could result in whiplash, warns wallet execCryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay.

The mobile payments app…[Read more]

State-backed digital currencies can disrupt financial systems: ReportCentral bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned.

Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and D…[Read more]

Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchainA luxury yacht firm has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year.

In addition to accepting Bitcoin payments, the firm also announced that it would…[Read more]