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]

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