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The report notes Decentralized Exchange volume increased by a factor of 76 times to $177 billion, while total value locked hit $52 billion, up from $800 million during Q1 2020.The post Analyst James Wang: Ethereum is AWS in 2015 appeared first on Blockworks.

Blockworks

Analyst James Wang: Ethereum is AWS in 2015

The Chrome integration promises to make the baffling world of DeFi easier for mainstream crypto users.

Decrypt

Coinbase Adds Chrome Extension For Coinbase Wallet to Improve DeFi Access

Shiba Inu might just be on its way to making the biggest comeback, following a massive token burn from Ethereum co-founder Vitalik Buterin. Last week, the self-proclaimed &#8220;Doge killer&#8221; was listed on Binance, causing prices to surge to new highs. The dog coin gained massive traction after CZ revealed that the high demand from Binance [&#8230;]

ZyCrypto

Shiba Inu Bulls Gear Up As Ethereum’s Vitalik Buterin Burns 90% Of His SHIB Holdings

Heading into the close on Monday afternoon and investors see a selloff into the leading crypto-based asset, bitcoin (BTC-USD). Bitcoin is now down on the day -3.58%. Bitcoin has broken through the $45,000 mark and is now potentially heading towards the $40,000 level. Bitcoin has been tumbling of late as it has not seen trading levels this low since February 8th of this year, over three months ago, as it touched $42,399 today. Additionally, bitcoin is now down -32.43% from its all-time high but is still +51.57% YTD.With bitcoin selling off, two exchange traded funds that have negatively been affected by the moves are VanEck Vectors Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators ETF (BITQ).DAPP and BITQ are two ETFs that provide indirect exposure to the cryptocurrency segment of the market and are down on the day -4.14% and -4.71%, respectively. The two ETFs are among the worst-performing exchange traded funds on the entire day.Elon Musk and

Seeking Alpha

Bitcoin hits 3-month trading low today and falls below $45,000

Myspace founder Tom Anderson has joined the heated chatter surrounding the recent crypto market drop. The now-retired entrepreneur expressed his feelings about the situation, posting a laser eyes photo of himself accompanied with a short caption, &#8220;Buying The Dip.&#8221; Myspace Tom Tweets in Support of Bitcoin Tech entrepreneur and Myspace cofounder Tom Anderson took to [&#8230;]

Bitcoin.com

Myspace Tom Anderson is ‘Buying The Dip,’ Posts Laser Eyes Meme on Twitter

"We want our kids to be able to think independently about money," said Eddie Yoon.

CoinTelegraph

'Cash, candy or Bitcoin' — paying minors in 2021

Traders appear disinterested in buying Bitcoin at the current levels, suggesting that further downside could be in store for BTC and altcoins. 

Price analysis 5/17: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI

TL;DR Breakdown • Holborn Assets promotes cryptographic information.• At least 8 out of 10 people in the UAE believe in cryptocurrencies. According to YouGov, a market research firm, the volatile track record causes cryptocurrencies demand in the UAE. Many people in the UAE are attracted to cryptocurrencies and their high level of profit. The cryptocurrencies [&#8230;]

Cryptopolitan

High cryptocurrencies demand in the Arab Emirates according to the Holborn Assets survey

Bitcoin has fallen deeply into a state of oblivion. Once trading for well over $64,000, the world’s number one digital currency by market cap has lost nearly $20,000 in value since last month and is presently trading for just over $47,000. Bitcoin Is Still Being Bought Up Among many analysts is an attitude of gloom...The post For Big Investors, the Recent Bitcoin Drop Presents More Buying Opportunities appeared first on Live Bitcoin News.

Live Bitcoin News

For Big Investors, the Recent Bitcoin Drop Presents More Buying Opportunities

Vitalik Buterin has destroyed 90% of his remaining holdings in Shiba Inu, with the leftover 10% allocated to a yet-to-be-determined charity. The post Here&#8217;s why Ethereum&#8217;s Vitalik Buterin burned $7 billion in Shiba Inu (SHIB) appeared first on CryptoSlate.

CryptoSlate

Here’s why Ethereum’s Vitalik Buterin burned $7 billion in Shiba Inu (SHIB)

XRP witnessed a strong correction making its way to the market over the weekend in the short term. As the price of XRP hit $1.61, a downward trajectory began which pushed the price of the digital asset as low as $1.32. However, after finding some support at this price level, XRP&#8217;s value bounced back and [&#8230;]

AMB Crypto

XRP Price Analysis: 17 May

TL;DR Breakdown Ethereum classic price prediction shows the crypto coin is eyeing a quick 25 percent surge from its 100 4-hour Simple Moving Average. ETC’s 100 4-hour Simple Moving Average coincides with the $90 price value. Ethereum Classic’s immediate demand region ranging from $86.3 to $97 supports the cryptos bullish narrative. A price downswing towards [&#8230;]

Ethereum Classic Price Prediction: ETC showing signs of surging by 25%

New York-based Bitcoin miner Greenidge Generation is revealing that it plans to voluntarily mitigate the environmental impact of its crypto mining operations en route to becoming a carbon-neutral firm as early as next month. In a statement published on Friday, the natural gas-powered mining firm says that it will purchase carbon offsets from a number [&#8230;]The post Natural Gas-Powered Bitcoin Miner Voluntarily Commits To Offset Carbon Emissions appeared first on The Daily Hodl.

The Daily Hodl

Natural Gas-Powered Bitcoin Miner Voluntarily Commits To Offset Carbon Emissions

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;]

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;]

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.

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. 

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 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.

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.

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.

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.

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