Traditional finance has much to learn from new entrant DeFiIncumbents in traditional capital markets, as well as new entrants looking to capture market share, should heed the innovations within the crypto ecosystem collectively known as decentralized finance, or DeFi. These innovations present a model for the direction that traditional capital…[Read more]

Bitcoin Holds Support, Massive Resistance Located At $50,000Bitcoin has been dropping gradually in recent days after it lost momentum, with traders disregarding the influence of institutional adoption. BTC continued to slide over the weekend and is now down around 18% month-to-date. The crypto approached initial support of around $42,000 that was…[Read more]

Elon Musk To Develop Own Crypto If Dogecoin Is Not ‘Satisfactory’Elon Musk, the Tesla founder and CEO, said that he might go on to develop his crypto in case Dogecoin (DOGE), the crypto that launched as a joke, cannot do what he wants. Musk has been blamed for many movements in the cryptocurrency market after his company decided to acquire $1.5 b…[Read more]

Banking system consumes two times more energy than Bitcoin: researchAmid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network.

Michael Novogratz’s cryptocurrency firm Galaxy Digital released a report Friday titled “On Bitcoin’s Energ…[Read more]

Wall St weighed down by inflation jittersReuters) – Technology stocks pulled Wall Street’s main indexes lower on Monday, as signs of inflationary pressures building up in the economy kept investors worried about monetary policy tightening.

Nine of the 11 major S&P sectors declined, with technology shedding about 1%. Apple Inc (NASDAQ:AAPL) and…[Read more]

Is crypto dead? No system this volatile will ever be capable of being a marquee currency system. It has to be more stable and it’s not looking probable at this point. It fits the mold of a craze better than it does a financial system. #cryptocurrency #cryptotwitter

— SafeMoonCapone (@safemooncapone) May 17, 2021

Elon Musk impersonators stole more than $2 million in crypto scams, regulator says https://t.co/WCeeuuO2n5

— CNBC (@CNBC) May 17, 2021

#Bitcoin sentiment may be finding a bottom.

When sentiment begins trending higher on @tradethechain, price usually follows.

If $BTC can bounce at support (~$43.7k), we should begin to lift higher.

This is a great opportunity for a swing trade with a target near $45k. pic.twitter.com/kGvpIxhoMQ

— Nick Mancini (@tradernmx) May 17, 2021

Traditional finance has much to learn from new entrant DeFiIncumbents in traditional capital markets, as well as new entrants looking to capture market share, should heed the innovations within the crypto ecosystem collectively known as decentralized finance, or DeFi. These innovations present a model for the direction that traditional capital…[Read more]

Banking system consumes two times more energy than Bitcoin: researchAmid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network.

Michael Novogratz’s cryptocurrency firm Galaxy Digital released a report Friday titled “On Bitcoin’s Energ…[Read more]

Bitcoin Bleeds: Tesla’s Bitcoin Intact, Says ElonElon clarified that Tesla (NASDAQ:TSLA) did not sell its Bitcoin holdings
The crypto market continues to bleed as Bitcoin price keeps dropping below $50k
The crypto market continues to bleed as Bitcoin price keeps dropping below $50k. The price drop started after Tesla closed its doors on a…[Read more]

STMX to Make Some Big Announcement Says CEO Simon YuStormX CEO tweeted about some big projects they are working on.
The project includes debit cards, NFTs, partnerships, and more.
The StormX community is excited about the announcement.
StormX CEO Simon Yu tweeted yesterday about some big projects they are working on. The mentioned projects…[Read more]

Peter Schiff: Buying Bitcoin is Gambling, Not InvestingEuro Pacific Capital CEO Peter Schiff tweeted that buying Bitcoin is gambling.
He refers to Elon Musk’s recent announcement of Tesla (NASDAQ:TSLA) not accepting BTC payments.
Bitcoin touched a new low this week, valued at approximately $44,295.
American millionaire and CEO of Euro Pacific C…[Read more]

Vitalik Buterin Burns 410 Trillion SHIB After Donating to India Relief FundEthereum Founder Vitalik Buterin burned 410 trillion Shiba Inu (SHIB) tokens
The value of the burned amount goes to almost up to 7 billion dollars
Vitalik also donated 1.5 billion dollars worth of SHIB to the India COVID-Crypto Relief Fund
Ethereum Founder Vitalik Buterin…[Read more]

Vitalik burns $6.7B of Shiba to reward generous hodlersEthereum co-founder Vitalik Buterin has burned nearly half of the supply of the popular Dogecoin clone, Shiba Inu (SHIB).

In a statement embedded into the transaction on May 16, Vitalik Buterin explained why he decided to burn $6.7 billion worth of SHIB tokens, emphasizing the…[Read more]

Pluton (PLU) increases over 100% in value after a $5 million Alphabit dealPlutus, a DeFi start-up that is pioneering the crypto card sector has secured a $5 million funding from a prominent crypto fund, Alphabit. As one of the only working cards within the DeFi niche, the funding could be the catalyst for a huge uptick for the company, something…[Read more]

Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointel…[Read more]

Elon Musk hints Tesla may offload BTC, goes to war with crypto TwitterElon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla (NASDAQ:TSLA)’s CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter.

On May 16, Musk replied to a tweet p…[Read more]

Changing the Face of DeFi: Spherium Finance Raises $3.3 Million in Seed and Private Sale RoundsThe DeFi industry has massively disrupted traditional finance, offering a borderless, trustless solution to millions of unbanked individuals around the world. With over $85 billion locked in DeFi protocols, the power that decentralised finance wields has…[Read more]

Bitcoin Market Dominance Plunges To A 3-Year Low Of 40%While bitcoin continues to tumble in response to Elon Musk’s Twitter activity once more, the altcoin dominance has grown to its highest level in about three years. The altcoins have gained strength after tagging a record combined capitalization of around $1.5 trillion in the past week. At t…[Read more]