Cryptocurrency Can Be Ignored as Fad, Danish Central Banker Says(Bloomberg) — Bitcoin and other cryptocurrencies are little more than a speculative fad that central bankers can probably ignore, according to Lars Rohde, the governor of Denmark’s central bank.

The much more serious threat stems from big tech, he said in an interview with B…[Read more]

American Billionaire Investor, Carl Icahn, is Optimistic about BitcoinCarl Icahn, a renowned American billionaire and the founder of Icahn Enterprises, has stated that he is optimistic about Bitcoin and the broader cryptocurrency market. Icahn revealed these details during an interview with Bloomberg. In the interview, Icahn also stated that the…[Read more]

Apple Looking into Crypto Job Posting Confirms – Time to Invest in Bitcoin?Apple has listed a new job posting stating that it is looking to hire a business development manager with experience in the crypto sector. The […]

OneOf Raises $63 Million For Green NFT Music PlatformOneOf raised $63 million in a recent seed funding round.
The platform aims to offer green music NFTs on Tezos.
Also, OneOf aims to make NFTs cheaper and more accessible to the general public.
Artists set to mint NFTs on OneOf include Whitney Houston, Doja Cat, and more.
OneOf raised $63 million…[Read more]

PayPal Enables BTC, ETH, LTC, BCH Coin TransfersPayPal will soon enable its users to transfer their crypto to and from third-party wallets.
The platform believes this will give their users more token utility.
Also, the COVID-19 pandemic has increased digital currency adoption.
PayPal, a global payment provider, will soon enable crypto holders to…[Read more]

Polygon Partners With RenVM Bridge for High-Speed, Low-Cost TransactionsRenVM’s first direct bridge partners with Polygon.
Providing users the benefits of high-speed and low-cost transactions.
RenBridge allows BTC, ZEC, BCH, and DOGE to connect soon with other assets.
RenVM’s first direct bridge partners with Polygon providing users the ben…[Read more]

Billionaire Carl Icahn May Invest up to $1B in CryptoBillionaire Carl Icahn said he may invest in crypto in an interview.
The American investor said he is studying the crypto market as a whole.
Icahn noted that alternate currencies are a product of inflation in the economy.
American businessman Carl Icahn suggested in an interview that he may get…[Read more]

Nvidia Financial Reports Show No Sign of Crypto Miners ImpactNvidia (NASDAQ:NVDA) announced its financial results for the first quarter.
However, there is no sign of crypto miners’ impact despite the surging crypto market.
Nvidia announced its financial results for the first quarter, which ended on May 2, 2021. In the results, there is no sign o…[Read more]

DeFi and traditional finance could converge thanks to tokenizationNonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an investment firm and an incubator for decentralized finance platforms — told Cointelegraph Chi…[Read more]

Market Extra: Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 millionHow Egyptian-born Andrew Dawood turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin, Chinese electric-vehicle maker NIO, and videogame-retailer GameStop Corp.

Gold vs BitcoinGold hit its highest point since January 8th at $1884.
Digital currency, Bitcoin had a great run this year reaching its highest point above $64000 before entering into its recent troubles.
The Bitcoin and gold debate has been ongoing since the mass adoption of cryptocurrencies.
With recent troubles for Bitcoin and the rise in the…[Read more]

Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrativeMicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council.

The council was formed on May 25 after Saylor brokered a successful meeting between Elon Musk and several top North American Bitcoin min…[Read more]

Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premiumEther sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium
Ethereum is seeing renewed interest in the aftermath of Bitcoin’s travails this week, with Ether’s 24-hour trade volume topping BTC’s by a significant margin.

However it’s still a long wa…[Read more]

You can now buy gold-backed NFTs with the mining carbon footprint offsetDigital asset wallet provider Lohko and London-based tech firm Mattereum have teamed up to launch nonfungible tokens, or NFTs, that are backed by gold and have carbon offsets attached.

According to a May 26 announcement the tokens represent ownership over physical gold bars…[Read more]

Bitcoin’s Reliance on Stablecoins Harks Back to the Wild West of FinanceA quick history lesson from pre-Civil War American finance

What Is a Block Explorer and How to Use It?If you’re new to Bitcoin, one of the first things you’ll likely encounter is the block explorer or blockchain explorer. Essentially, these are online tools that provide cryptocurrency users with information on the contents of individual transactions and blocks available on the blockchain.

The primary goa…[Read more]

Here’s Why Ethereum (ETH) Won’t Overtake Bitcoin – Buy BTC Now?Analysts such as those from Goldman Sachs have argued that Ethereum (ETH) will soon surpass Bitcoin (BTC) as a store of value. However, others are […]

Need to Know: Bitcoin and bonds won’t cut it. Buy these 6 types of assets for protection in a bear market, says strategist.Just because a quiet summer for stocks may be in store, that doesn’t mean investors should kick back and relax in the sun just yet. Major risks to stocks remain.

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Crypto couple tells court the IRS has no right to tax newly mined coinsA couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold, in a complaint filed to federal court.

The Tennessee couple are seeking a refund from the Internal Revenue Service (IRS) and filed a complaint with the U.S. District…[Read more]

Billionaire Mark Cuban Invests in Polygon (MATIC) After Its 9,000% SurgeBillionaire investor and entrepreneur Mark Cuban has invested in Ethereum layer-two scaling solution Polygon (MATIC) but has not disclosed the size of his position on the cryptocurrency. The investment has been disclosed on one of his websites. As Cointelegraph reports, the…[Read more]