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]

US FDIC seeks insight on banks’ role in cryptocurrency marketsThe United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities.

The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during t…[Read more]

Matic Hits ATH as Crypto Market Falls, Says Crypto AnalystAccording to Davis, the entire crypto market is going down but MATIC seems to go up.
Davis further added MATIC reached its all time high above $2.
Currently, MATIC is trading at $2.07 market price.
In a tweet this Tuesday morning, Lark Davis noticed the entire market is dumping but Polygon…[Read more]

Coinbase Joins Bandwagon, Sets Private Offering of $1.25BCoinbase announces a private offering proposal.
The private offering is $1.25 billion in convertible senior notes.
$COIN price is currently moving in a downward direction.
Coinbase announced, in their latest press release, that they are proposing a private offering of $1.25 billion in…[Read more]

Turkish crypto exchange acknowledges 2018 breach with 500,000 users’ data stolenMajor Turkish crypto exchange BtcTurk came forward about a data breach from mid-2018 that leaked sensitive information of over 500,000 users.

According to the official announcement, the stolen data set contains BtcTurk users’ names, citizen ID numbers, emails, add…[Read more]

Bank of America Joins Paxos To Allow Same-Day Trade SettlementBank of America (NYSE:BAC) has partnered with Paxos Settlement Service.
In the past few months, the bank has been organizing internal transactions.
This move would enable a speedier and flexible stock settlement system.
Bank of America, the second-largest bank in the US, has partnered…[Read more]

Dollar Falls, Musk’s New Antagonist, IEA Warning – What’s Moving MarketsInvesting.com — The dollar fell to its lowest in nearly three months as Federal Reserve officials continued to play down inflation concerns. Commodity prices rose again. Elon Musk has a new antagonist to reckon with. Walmart (NYSE:WMT), Home Depot (NYSE:HD) and Macy’s all r…[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]

Polkadot announces Kusama is ‘finally ready to host parachains’Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.

Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to t…[Read more]