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]

Paralink Partners With Polkalokr to Integrate Token LockingParalink announced a partnership with Polkalokr.
The partnership will enable Polkalokr to use Paralink’s multi-chain oracle.
Paralink announced a partnership with Polkalokr. The team said they are pleased to team up with Polkalokr. Polkalokr is a highly customizable escrow for token e…[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]

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]

Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggestBitcoin’s 51.4% crash in March 2020 was the most horrific 24-hour black swan event in the digital asset’s history. The recent price activity of the past week has probably resurrected similar emotions for investors who experienced the Black Thursday crash.

Over t…[Read more]

China’s Baidu posts 25% rise in quarterly revenue(Reuters) – China’s Baidu Inc (NASDAQ:BIDU) reported a 25% rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms.

The company, also known as China’s Google (NASDAQ:GOOGL), said total revenue rose to 28.13 billion yuan ($4.38 billion) from…[Read more]

Sustainable finance scramble reaches currency derivatives marketLONDON (Reuters) – A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging products where the cost is tied to a firm’s environmental, social and governance (ESG) goals.

Sustainable finance to date has mostly…[Read more]

https://twitter.com/bitethfinder/status/1394560748714696707

Kicking off the week, @immunefi's @TravinKeith walks you through the more prevalent hacks and scams happening in crypto to help you understand how to protect yourself.#Consensus2021

https://t.co/maOnEy6XiX pic.twitter.com/QwRCXbOavb

— CoinDesk (@CoinDesk) May 17, 2021

Round 3: Our crypto crash course continues this week to prep you for #Consensus2021.

Don't miss out on the last week of Unlocked 101, where we've got you covered from hacks and scams, navigating crypto at our event.

Here's what's coming up: 🧵👇https://t.co/a23SWPQFQP pic.twitter.com/eSvQrG2dxS

— CoinDesk (@CoinDesk) May 17, 2021

$44,807.74 -0.89%

Real-time #Bitcoin BTC price, 24-hour charts and news https://t.co/sOSnAxn63w via @coindesk

— bgkimin (@bgkimin) May 18, 2021

As Elon Musk reverses his #Bitcoin sentiment, we observe new entrants panic selling and hodlers stepping in to buy the dip.

This is a historically significant correction that is testing $BTC hodler conviction.

Read more in The Week On-chain

Data @glassnode pic.twitter.com/dNWIJGVTmx

— AVS TRADE (@avs_trade) May 18, 2021

#Bitcoin mining actually uses less energy than traditional banking, new report claims https://t.co/5mi8qzVAGW

— Dave Parker (@Xentagz) May 18, 2021

Elon Musk’s Twitter posts keep sending #Bitcoin prices tumbling. His own fortune is heading in the same direction. https://t.co/lls9YY066g

— Bloomberg Markets (@markets) May 18, 2021

Canada home sales, average price decline in April from MarchOTTAWA (Reuters) -Canadian home sales, prices and starts all fell in April compared with the previous month, as some of the frenzy of recent months began to unwind, though activity remains strong, data showed on Monday.

Canadian home sales fell 12.5% in April from March, while the…[Read more]

Japan’s economy slumps back into decline as COVID-19 hits spendingTOKYO (Reuters) -Japan’s economy shrank more than expected in the first quarter as a slow vaccine rollout and new COVID-19 infections hit spending on items such as dining out and clothes, raising concerns the country will lag others emerging from the pandemic.

Capital expenditure…[Read more]

UK jobless rate falls again, hiring up as lockdown easesLONDON (Reuters) -Britain’s unemployment rate fell again to 4.8% between January and March, when the country was under a tight lockdown, and hiring rose further in April, according to data that showed employers gearing up for the easing of curbs.

Economists polled by Reuters had expected the…[Read more]

RBA Says Economy, Markets Key to July Call on Bond Programs(Bloomberg) — The Reserve Bank of Australia said it would pay “close attention” to economic data and conditions in financial markets when deciding whether to roll over its yield-target maturity and undertake further quantitative easing.

The RBA is due to make a call at its July 6 mee…[Read more]

EU eyes another go at more unified European business taxationBRUSSELS (Reuters) – The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the past, will stand a better chance if they follow global OECD solutions expected this…[Read more]