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The Bitcoin price faced strong volatility due to which the price has once again crumbled under $50k. This strong volatility has spread to the altcoin market and the digital silver, Litecoin [LTC], was among those alts affected. The Litecoin price slipped by 21% over the weekend and was trading at $286 with a market capitalization [&#8230;]

AMB Crypto

Litecoin Price Analysis: 17 May

TL;DR Breakdown Safcoin set for IEO in two international exchanges Disrupting Africa e-commerce with Safcoin Safcoin, Africa&#8217;s very own cryptocurrency, is set to go live on P2PB2B crypto exchange and Catex crypto exchange. The token would go live between Wednesday, May 26 &#8211; Wednesday, June 2, according to a Press release signed by the firm&#8217;s [&#8230;]

Cryptopolitan

Safcoin, Africa’s ingenious crypto set for massive IEO

May 17, 2021 – Sunnyvale, California The cross-chain decentralized asset management platform Cook Finance today announced the launch of its first DApp on Ethereum&#8217;s Rinkeby testnet. The project has also invited its community members to preview the testnet platform and share their feedback to help improve it. Soon after the testnet version, Cook will then [&#8230;]The post Cook Finance Announces Launch of Testnet Version for Community Feedback appeared first on The Daily Hodl.

The Daily Hodl

Cook Finance Announces Launch of Testnet Version for Community Feedback

Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning dapps, up considerably over the past four weeks. 

CoinTelegraph

Polygon active users grow by 75,000 as DeFi boom continues

A recent report from Galaxy Digital found that the Bitcoin network consumes less than half the energy consumed by the banking or gold industries.

Bitcoin Magazine

Research: Bitcoin Consumes Less Than Half The Energy Of The Banking Or Gold Industries

Tesla&#8217;s price has fallen another 4% today as the stock continues its downtrend from the high of $900 in January to $564 at the time of writing as pictured above....

TrustNodes

Tesla Falls as Bitcoin Plunges

Panic settles fast in the cryptocurrency industry. The collective market declined by 4% over the past 24 hours but the actual correction has amounted to over 20% since May 20. While Bitcoin struggled to move above $50k recently, Ethereum&#8217;s dropped from its recent ATH of $4372. With speculations of a prolonged bearish period gathering pace, [&#8230;]

Bitcoin, Ethereum and alt markets: Here’s the silver lining traders need to know

The crypto economy has dropped significantly in value during the last few days tapping a low of $2.06 trillion on Monday. Additionally, the leading crypto asset bitcoin has seen its market dominance drop to 40% of the crypto economy&#8217;s overall valuation. Bitcoin&#8217;s dominance index hasn&#8217;t been this low since June 2018. Bitcoin Dominance Drops to [&#8230;]

Bitcoin.com

Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy

Chinese internet cafe owners are turning their businesses into crypto mining centers as social distancing measures continue to bite in the Middle Kingdom.According to The Time Weekly, via Sina, a huge number of the 24-hour internet cafes, created primarily for PC gamers, closed down in 2020 – when the coronavirus pandemic forced businesses to shut their doors. Almost

cryptonews

COVID Forces Chinese Internet Cafes to Turn into Crypto Mining Hubs

Quick TakeUniswap v3 launched on May 5th, 2021, and has grown to ~80% of v2’s trade volume after its first week-plus of operation.The main innovations in v3 are custom liquidity ranges, which provide increased capital efficiency to traders while increasing the complexity of market-making.It’s difficult to know how the dynamics between active LPs and those using semi-passive strategies will play out.

TheBlock

An Early Look at Uniswap v3 LP Activity

With Bitcoin price falling to the low $40,000 range, debate has picked up on if the once trending cryptocurrency&#8217;s bull run is now over. There&#8217;s no truly telling for sure, however, this time is very different than the last bull market. Why? Because Bitcoin price just lost a key level that never once saw a [&#8230;]

NewsBTC

Bitcoin Loses Crucial Support Never Broken During Last Bull Run

One of the most widely-followed crypto traders on Twitter says that Ripple&#8217;s native asset XRP is providing a prime trading opportunity, as he anticipates breakouts in two more altcoins. In a series of tweets, the pseudonymous analyst known as Kaleo posts his technical analysis for XRP, telling his 296,000 followers that the chart is looking [&#8230;]The post Top Trader Says XRP Looks Incredible, Predicts Big Breakouts for Two Altcoins appeared first on The Daily Hodl.

Top Trader Says XRP Looks Incredible, Predicts Big Breakouts for Two Altcoins

The FTC said that young people lost more money to crypto investment scams in the 6-month period than to any other form of deception, per reports received. The post FTC warns of ten-fold increase crypto investment scams, with many aimed at young investors appeared first on The Block.

FTC warns of ten-fold increase crypto investment scams, with many aimed at young investors

Tesla CEO’s recent 180-degree turn on Bitcoin resulted in a ripple effect felt across the crypto industry.

Decrypt

Elon Musk Tweets Sink More Than Just Bitcoin: Crypto-Exposed Stocks See Red

Iranian cyber police allegedly seized control of Bridge Oracle CEO Sina Estavi’s Twitter account. 

Buyer of Jack Dorsey's 'genesis tweet NFT' reportedly detained in Iran

The news comes as more financial institutions begin to lean into blockchain technology. JP Morgan Chase &#038; Co. has been using an Ethereum-based system that allows the execution of overnight repurchase agreements since last year.The post Bank of America Leans into Blockchain to Speed Settlements appeared first on Blockworks.

Blockworks

Bank of America Leans into Blockchain to Speed Settlements

TL;DR Breakdown Dogecoin price prediction highlights DOGE’s resilience despite the ongoing bearish leg being felt in the market. Dogecoin is hovering between its demand zone that ranges from $0.49 to $0.53. Dogecoin’s 100 4-hour Simple Moving Average at $0.5 is within its demand zone, adding traction to a potential surge past this level. If Dogecoin [&#8230;]

Dogecoin Price Prediction: DOGE trading on the green despite the bleeding market, showing signs of hitting new ATH at $1

An 18-year-old blockchain hacker documented how he ran a 51% attack against an obscure clone of Ethereum called cheapETH.The post Hacker shows how he &#8216;51% attacked&#8217; Ethereum clone CheapETH for $100 appeared first on The Block.

Hacker shows how he ‘51% attacked’ Ethereum clone CheapETH for $100

Crypto Briefing

Bank of America to Settle Stock Trades on Paxos Network

Traders are afraid another Black Thursday crash is on the cards, but derivatives data proves the current correction has no resemblance to the March 2020 pullback.

Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggest

The new multi-chain NFT marketplace NFT STARS announced the release of its NFTS token in an initial DEX offering (IDO) on BSCPad, to take place on June 5, 2021. The whitelisting process is already open. The new token gives access to premium features and opens the door to a unique NFT ecosystem. NFT STARS, a [&#8230;]The post NFT Stars Announces IDO Launch – Become Part of This Multi-Chain NFT Marketplace appeared first on The Daily Hodl.

NFT Stars Announces IDO Launch – Become Part of This Multi-Chain NFT Marketplace

Bitcoin just keeps falling into oblivion. At the time of writing, the world’s number one digital currency by market cap has dropped into the $47,000 range, which is lower than it has been in quite a long time – especially considering at around this time last month, the asset was trading for well over $64,000....The post Anthony Scaramucci: BTC Is Still the Crypto to Own appeared first on Live Bitcoin News.

Live Bitcoin News

Anthony Scaramucci: BTC Is Still the Crypto to Own

Ethereum&#8216;s price witnessed selling pressure making its way to the market and pulling the value of the digital asset down by 16% within 16-hours. This devaluation was from $3,851 to $3,214. However, the stumbling price found some strength to recover and was currently trading at $3,501 with a market capitalization of $396.78 billion. Ethereum hourly [&#8230;]

Ethereum Price Analysis: 17 May

Each of the top-10 bitcoin mining pools by hash rate have signaled at least one block for the Bitcoin network’s Taproot soft fork activation.

The Top-10 Bitcoin Mining Pools Have Signaled For Taproot

Bitcoin is now trading in the low $40,000 range after a swift and sharp sentiment change. With the top cryptocurrency on the ropes currently, a massive breakdown in the stock market could be the fatal blow that puts the final nail in the bull market coffin. Here&#8217;s how turning stock market sentiment, a change in [&#8230;]

Bitcoinist

How Turning Stock Sentiment Could Deal A Death Blow To Bitcoin

After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India&#8217;s Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to [&#8230;]

Ethereum’s Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens

TL;DR Breakdown ADA peaks below $2.5 yesterday. Support around $2 retested several times. Next major target at $3. Today’s Cardano price prediction is bullish as the market has retraced towards the $2 mark and retests it as a support. Therefore, a new higher low has been set, and we can expect ADA/USD to continue rallying [&#8230;]

Cardano price prediction: Cardano retests $2 as it prepares to push towards new highs?

TL;DR Breakdown Musk does not plan to sell his Bitcoin in the short term. Musk will continue to accept Dogecoin as a payment method. Elon Musk, Tesla CEO, again interferes with the Bitcoin price, giving it a new slash with his tweets. Musk clarifies that the company has not sold its BTC shares, following his [&#8230;]

Bitcoin price drops again due to Elon Musk’s tweets

The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years.

NYDFS taps former DOJ attorney as deputy virtual currency chief

Tesla&#8217;s CEO Elon Musk and bitcoin maxis have had a very public fallout of sorts with Peter McCormack, a bitcoin maxi, calling Musk a troll as well as &#8220;a bit...

Bitcoin Maxis and Elon Musk Crash Price

Jack Dorsey. Investments newsBitcoin (BTC) bull Jack Dorsey-led payments company Square announced its intention to offer, subject to market conditions and other factors, approximately USD 2bn aggregate principal amount of senior notes. The company said it intends to use the net proceeds from this offering for general corporate purposes, which may include potential

Square Aims to Raise USD 2B, Bitcoin's Taproot Signal Strengthens + More News

Pundi X has integrated Chainlink price feeds on its platform Chainlink&#8217;s price feeds will ensure Pundi X&#8217;s platform rewards and discounts are distributed at fair market values Chainlink will also power Pundi X&#8217;s price feeds for assets on its DEX using high-quality data for stocks, ETFs, commodities, and indices The blockchain-based payments project and DeFi ecosystem of Pundi X has integrated Chainlink price feeds to power its rewards system as well as its various synthetic assets. To begin with, the [&#8230;]

Ethereum World News

Pundi X integrates Chainlink (LINK) to Power Its Platform Rewards

Support for Taproot, Bitcoin’s much-awaited upgrade, has reached 64% after all 10 of the largest mining pools began signaling their support.

Bitcoin’s Largest Mining Pools Are Now Pushing for Taproot Upgrade

Will bitcoin's price appreciate once again as the US government prepares to give up to $3,600 per month to 39 million American households?

Crypto Potato

Bullish for Bitcoin? 39 Million US Households to Receive up to $3.6K Monthly Stimulus Starting July 15th

It always seems to be when there’s nothing but euphoria in the market, something smacks you in the face and takes the market down.The post When One Man’s Tweets Move the Markets appeared first on Blockworks.

When One Man’s Tweets Move the Markets

Bank of America's push into blockchain for stock clearing is part of a larger challenge to Wall Street's legacy financial infrastructure.

Bank of America Tests Blockchain for Stock Clearing on Paxos Network

The total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn. The post Ethereum poster child MakerDAO&#8217;s annual revenue breaks above $200 million appeared first on CryptoSlate.

CryptoSlate

Ethereum poster child MakerDAO’s annual revenue breaks above $200 million

The recent dip in Bitcoin and Ethereum&#8217;s price has led to a stagnancy in the ongoing altcoin season. The movement of the assets that were held dormant by HODLers has shifted the trend in the price rally. Currently, the price has dropped, however, the narrative for altcoins is likely to change, looking at the data [&#8230;]

This ETH metric has dropped! Here’s how it affects Ethereum’s price

For some Bitcoin advocates, replacing the U.S. dollar as the world’s reserve currency is a lofty, if achievable goal. But is it realistic?

Can Bitcoin Replace the U.S. Dollar as the World’s Global Reserve Currency?

A petition has appeared on Change.org that demands Elon Musk to sell all of his Bitcoin holdings, in the wake of his repeated market manipulations. Elon Musk: Elon Musk should sell his bitcoin &#8211; Sign the Petition! By @allenf32 https://t.co/kQxnqqjKkx via @Change &#8212; wartime🟩☣️alehodl (@btcale) May 17, 2021 Has the &#8220;Dogefather&#8221; fallen from Grace? The [&#8230;]The post Petition Calls For Elon Musk To Sell Bitcoin Holdings appeared first on CryptoCoin.News.

CryptoCoin.News

Petition Calls For Elon Musk To Sell Bitcoin Holdings

Bank of America, the second-largest bank in the U.S., has joined Paxos's blockchain-based settlement network for equities.The post Bank of America joins Paxos&#8217;s blockchain-based settlement network for equities appeared first on The Block.

Bank of America joins Paxos’s blockchain-based settlement network for equities

“DeFi Homepage” Zapper Closes $15M Funding Round

A recently published patent filing from Sony Interactive Entertainment describes a platform for betting on esports contests using bitcoin.

Sony Publishes Patent For Bitcoin-Enabled eSports Gambling Platform

TL;DR Breakdown SUSHI found support at the several-week ascending support trendline. Resistance at $18.5 still prevents further upside. Next support to be tested at $15.25. Today’s Sushiswap price prediction is bearish as the market rejects further upside below the $18-$19 resistance area. Therefore, we expect SUSHI/USD to retrace lower over the next 24 hours to [&#8230;]

Sushiswap price prediction: Sushiswap retests $18.5, prepares to breakthrough?

Tesla CEO Elon Musk continues to spread misinformation about Bitcoin, demonstrating that he doesn’t understand it and isn’t ready to HODL.

Elon Musk Gifts Bitcoiners A Stacking Opportunity

Twelve months earlier, the company recorded a comprehensive loss of $26.9 million. 

Galaxy Digital books $860M in net comprehensive income in Q1

Ethereum dipped from $3.8k to a local low of $3.1k after speculation rose of Tesla selling its Bitcoin However, ETH inflows to exchanges are yet to increase with the recent dip Ethereum holders are still bullish on the long term value of ETH Confidence in the markets is making a comeback after Elon Musk confirmed that Tesla has not sold any Bitcoin In the short-term, Ethereum could retest $3,200 before further growth The last 48 hours have been a tumultuous [&#8230;]

ETH Inflows into Crypto Exchanges Yet to Increase After Dip to $3.1k

Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as price crashes to two-month lows.

Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at 'falling wedge'

Yesterday&#8217;s Twitter feud between business tycoon Elon Musk and the crypto community had far-reaching consequences that went beyond the constant verbal sparring on the popular social media site. For the crypto market, it was a disaster. Liquidation Galore In The Crypto Market According to data from ByBit, a total of $2.4 billion worth of longs [&#8230;]

Bitcoin Dominance Slips To 3-Year Low As Liquidation Hits $2.5 Billion Longs

Crypto investor and analyst Elliot Wainman is running down his list of top crypto projects for the month of May. In a new video, Wainman first lists smart contract platform and Ethereum competitor Cardano (ADA). The trader notes that it may be time for Cardano to swell in price on the heels of Ethereum’s popularity, [&#8230;]The post Here Are Nine of the Hottest Crypto Assets Right Now, According to Trader Elliot Wainman appeared first on The Daily Hodl.

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