Here’s how Bitcoin’s intraday volatility complicates leverage tradingThe crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter.

This condition creates a FOMO-like situation where everyone gets greedy. The temptation to…[Read more]

TA: Ethereum Steadies Above $3,200, Here’s What Could Trigger Strong SurgeEthereum is holding the key $3,120 support zone against the US Dollar. ETH price is consolidating and it seems like it could soon clear the $3,500 resistance zone. Ethereum is holding the ground above the $3,120 and $3,200 support levels. The price is still well below the $…[Read more]

Stellar Lumen (XLM) Price Stable Above $0.60, More Gains PossibleStellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar. XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed…[Read more]

Litecoin Climbs 12% As Investors Gain ConfidenceInvesting.com – Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day percentage gain since May 5.

The move upwards pushed Litecoin’s market cap up to $20.351B, or 0.98% of the total cryptocurrency market cap. At…[Read more]

Pomp Tells CNN Anchor the Reason for Elon Musk’s Recent Attack on BitcoinLast week, crypto investor Anthony Pompliano (aka “Pomp”), who is a co-founder of Morgan Creek Digital as well as the host of The Pomp Podcast, discussed with CNN anchor Julia Chatterley Tesla CEO Elon Musk’s criticism of Bitcoin mining’s use of non-renewable energy. A…[Read more]

Can Cardano supplant Ethereum?Ethereum has seen a majestic rise up the chart over the last few weeks to a high of nearly $4400. A recent dip notwithstanding, all looks rosy for the number two ranked cryptocurrency. However, there are a few sizeable obstacles in the way. Could Cardano continue its own meteoric rise and take a big market share…[Read more]

EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications.

On May 17, EY rev…[Read more]

Ripple’s Director of Developer Relations on RippleNet, ODL, $XRP, and $XLMRecently, Matt Hamilton, Director of Developer Relations at FinTech firm Ripple, took the time to address some of the common misconceptions regarding the formation of Ripple, payment network RippleNet, On-Demand Liquidity (ODL), and digit asset XRP. He also explained the r…[Read more]

1.1M noobs panic sell, but Bitcoin hodlers DGAFWhile new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands.

Heavy selling in response to hints from Elon Musk that Tesla (NASDAQ:TSLA) may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the…[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]

Norwegian Air says debt reconstruction plan approvedOSLO (Reuters) – Norwegian Air’s court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.

No creditors have filed appeals against the scheme, which was overseen by courts in Norway and…[Read more]

Home Depot beats same-store sales estimates(Reuters) – Home Depot Inc (NYSE:HD) beat quarterly same-store sales estimates on Tuesday, as demand remained strong for the top U.S. home improvement retailer’s products even as vaccinations opened up more traditional avenues for consumers to spend their money.

Same-store sales rose 31% in the first…[Read more]

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]

Stellantis, Foxconn to form JV for connectivity solutionsMILAN (Reuters) – Carmaker Stellantis and iPhone assembler Foxconn said on Tuesday they plan to create a joint-venture that will supply in-car and connected-car technologies.

The two companies have signed a non-binding memorandum of understanding to form Mobile Drive, a 50-50 joint venture…[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]

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]

Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lowsBitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed.

According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000.

BTC/USD vs. NVT price chart. Source: Wil…[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 (DOGE) clone Shiba Inu (SHIB).

In a statement embedded into the transaction on Sunday, Buterin explained why he had decided to burn $6.7 billion worth of SHIB tokens, emphasizing the…[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]