Bank of England governor issues crypto investment warning
Andrew Bailey, governor of the Bank of England, has warned crypto investors of the dangers of participating in the market.

Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” stating that “crypto assets” was a more suitable nomenclature for describ…[Read more]

What are the chances BTC is actually overtaken by another crypto?When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy. Even these days, the first-ever cryptocurrency’s price feels hard to believe at times and investors might be pinching t…[Read more]

Art reimagined: NFTs are changing the collectibles marketArt has been serving as the ultimate source of inspiration to many people throughout all of history. In the era of cryptocurrencies and the digitized world, trends change faster than ever. For years, numerous artists have tried stepping into rapidly advancing playgrounds and grabbing their…[Read more]

Cardano breaks out vs. Bitcoin as ADA price discovery nears $2ADA, the native token of the Cardano smart contract platform, has joined the altcoins hitting new all-time highs this week.

DOGE as internet money? TikTokers and sports fans see a use case for DogecoinIn recent weeks, it has been hard to get through a day without running into a headline, or 50, referencing Dogecoin (DOGE). The meme cryptocurrency has seen its price appreciate exponentially on the heels of a series of celebrity endorsements, including billionaire Mark…[Read more]

As Bitcoin’s payment options grow, BTC true future role up for debateIn an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may be growing into a room, or…[Read more]

$85 million ‘Meebits’ NFT project exploited; attacker nabs $700,000 collectibleLegendary NFT developers Larva Labs were the victims of an exploit this morning, as an attacker found a way to mint a rare NFT worth over $700,000 from the “Meebits” collection.

The attacker, 0xNietzsche, teased the exploit on Twitter this morning, saying he anticip…[Read more]

Where in the World Are the Best Valuations?On Behind the Markets, a podcast brought to you by Jeremy Schwartz, WisdomTree Global Head of Research, we talk to market strategists, business executives and financial advisors about important trends underpinning the financial markets. In this episode, Jeremy talks to Sailesh Radha, co-founder and chief…[Read more]

Suriname bondholders threaten to reinstate payments over IMF agreementSuriname Eurobond creditors accused the government on Friday of breaching its obligation of negotiating its debt overhaul in good faith and threatened to reinstate payments they previously agreed to defer.

Will Oil Surge To Reach $80 This Summer?The world’s third-largest oil importer, India, is currently the coronavirus hotspot. It has recently hit staggering record-breaking numbers of new daily COVID-19 cases, a statistic that dented oil demand and pressured the oil prices. OPEC+, out of its necessity, has now intervened in the oil market on the s…[Read more]

Elon Musk scales back Dogecoin hype while DOGE price rebounds 23%Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla (NASDAQ:TSLA) CEO appeared intent on cooling the flurry of hype he had created around the meme cryptocurrency Dogecoin (DOGE).

Oil Gains for 2nd Week, But Prices Range-Bound AgainOil put in a second week of gains as crude prices reentered range-bound trading on Friday on concerns about slowing U.S. jobs growth and the Covid situation in No. 3 energy consuming nation India.

Gold Has Best Week Since October on U.S. Payrolls ShockGold had its best week in six months as shockingly low U.S. payrolls numbers for April, coupled with the yellow metal’s belated catch up to inflationary trends, gave it a gain 3.5% on the week.

Exclusive: U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations – sourcesThe U.S. Department of Justice is investigating whether financial technology companies including Atlanta-based Kabbage Inc may have erred while distributing billions of dollars in pandemic aid to struggling small businesses, three people with knowledge…[Read more]

Russia says Twitter is complying with demand to remove ‘banned content’Russian state communications regulator Roskomnadzor said on Friday that U.S. social network Twitter had started complying with its demand to remove content banned in Russia.

It said Twitter had removed 60% of such content since Moscow slowed the speed of its service in March…[Read more]

Dogecoin in spotlight as cryptocurrency backer Musk makes ‘SNL’ appearanceWith the price of dogecoin surging, investors are looking ahead to Elon Musk’s guest-host spot on this weekend’s “Saturday Night Live” comedy sketch TV show after the billionaire’s tweets this year turned the once-obscure digital currency into a speculator’s dream.

Crypto Payment Provider Simplex Acquired for $250 Million by Nuvei

• Publicly-listed Canadian company Nuvei acquired Simplex for $250 Million
• Simplex is a crypto payment startup that offers fiat-to-crypto on and off-ramp services
• Nuvei’s goal is to enhance its portfolio of alternative payment method solutions
  In a recent announcement, Nuvei shared t…

[Read more]

Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun.

Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300…[Read more]

3 Reasons Why Ethereum Classic Has Surged to a New ATH

• Ethereum Classic has surged to a new ATH of $167.09
• The price surged was preceded by several months of hibernation
• Several factors could be driving the sudden price surge

WallStreetBets Redditors Lose $2.1 Million to Crypto Scammers

• Members of the Reddit forum WallStreetBets were targeted by crypto scammers
• 3,451 Binance Coin (BNB), around $2.1 million worth were taken
• The scammers offered “WSB Finance” token before it’s listed in exchanges