Bitcoin News and Finance: What You Need to Know

Yesterday, Mark Zuckerberg, founder and CEO of Facebook, revealed he’d named one of his goats “Bitcoin”. This was seemingly an innocent announcement that, nonetheless, got the crypto sphere talking on what deeper meaning this might indicate. While some have rationalized this as being an endorsement of Bitcoin by Facebook, others have suggested weirder theories. Bitcoin: Mark Zuckerberg’s Goat Zuckerberg revealed yesterday on Facebook that one of his goats is named “Bitcoin”. This post, which would usually read as humorous, got the cryptocurrency sphere to formulate strange theories. While some users laughed and spread their memes accordingly, some thought there could be greater intention behind the post. Some users took this as a hint that Facebook had or will follow the footsteps of companies like Tesla and Microstrategy, by buying Bitcoin as a hedge and adding it to its cash reserves. There were rumors about this last month, but Facebook squashed them during their last earning

Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged by bureaucratic mandates, and suggest a bleaker circumstance entirely. Biden Administration Scrambles After a Gloomy Jobs Report According to George Pearkes, Business Insider’s financial columnist, the American economy is set to see a “post-Covid boom”, because the U.S. “learned from 2008’s mistakes.” Despite his optimism, and that of several mainstream news journalists, hard data shows the U.S. economy is in a struggling position. The most recently published Bureau of Labor Statistics jobs report showed a lackluster 266,000 jobs, a quarter of that expected, added in April. These figures are not in line with the expectations of the Biden administration, and indicate scrambling to come from the White House in wake

As bitcoin prices hover above the $55k zone, a number of participants wonder when the bull run will end. Bitcoin proponents are convinced bull markets have three waves and another wave may start soon. However, despite a variety of tools being used like tarot cards, no one is truly sure what will happen with bitcoin and crypto markets next. Counting Down the Days- Guesstimating Bitcoin Bull Runs Bitcoin enthusiasts are still very optimistic about the price of the leading crypto asset and many believe the bull run is not over. Traders and those who are extremely curious about short-term price swings have been leveraging a number of tools in order to predict the future price of BTC . Tools and charts utilized include the stock-to-flow (S2F) model, logarithmic growth curves , golden ratio multiplier , HODL waves , profitable days and so much more. The picture above is a HODL waves chart via Unchained Capital and Glassnode on May 10, 2021. “The colored bands show the relative fractio

PRESS RELEASE. London, UK — Centric announced an upcoming fork to the Binance Smart Chain (BSC), after almost 2.5 years on the TRON blockchain. Centric’s tokens, Centric Cash (CNS) and Centric Rise (CNR), will move to the BEP-20 token standard native to the Binance Smart Chain. Binance Smart Chain (BSC) touts “the advantages of the Binance Chain, optimized for ultra-fast trading.” It launched in September of last year, and has become a popular choice for decentralized app (DApp) deployment. “The move to Binance Smart Chain represents the most exciting development since CNS launched on exchanges last July,” said Joel Clelland, Centric’s CEO. “We’ve been watching the BSC community develop, and we are impressed. BSC’s reputation aligns well with how we see Centric and will allow us to scale.” Centric’s Chief Operating Officer, Thomas Butcher, pointed out that BSC offers integration with the popular MetaMask wallet, “with just a quick user customization requiring no special skills.”

Famed entrepreneur Richard Branson is often featured in fake articles sent out by various investment schemes, many of which are related to cryptocurrency, U.K.’s National Cyber Security Centre (NCSC) revealed in a report. The agency, which has blocked over 285,000 such campaigns in only nine months, says it’s dealing with a global problem. Shady Sites Lure Investors With Fake Endorsements From Richard Branson The fake news articles appear as if they come from well-known publications. The scammers spread them through mass email campaigns, text messages, or ads on social media platforms in Britain and abroad. They are linked to websites where potential victims are enticed to invest in fraudulent schemes. British cybersecurity experts say it’s a growing and a global challenge. NCSC has put an end to 286,322 of these campaigns and blocked 731,080 URLs between April and December 2020, according to its annual Active Cyber Defence report , quoted by the BBC. Although the same strategy can

Elon Musk, also referred to in social media as the ‘Dogefather,’ due to its affiliation with the Dogecoin currency, has hinted Tesla could start accepting the currency as a payment for its cars. The company, which is now accepting bitcoin as payment for its cars and holds it as part of its reserves, could also include dogecoin as part of its accepted cryptocurrency roster. Elon Musk Hints at Tesla Accepting Dogecoin Elon Musk, CEO of Spacex and Tesla, has hinted today at the possibility of the electric car company accepting dogecoin (DOGE), the now-famous meme coin as payment for its cars. Musk asked today in a poll on Twitter to his fans if they would like this to happen. Unsurprisingly, he got a mostly positive answer, with more than 70% of the polled answering they would like it at the time of writing. Do you want Tesla to accept Doge? — Elon Musk (@elonmusk) May 11, 2021 Musk is has been one of the main proponents of cryptocurrency in the corporate arena. Tesla is alread

El Corte Inglés, the biggest department store group in Spain, seems to be entering into the cryptocurrency sphere. After filing for a related trademark with the Intellectual Property Office of the European Union, they have registered “Bitcor”. Trademark Is a ‘Preventive Registration’ According to filing request #018434202 , the Spanish group store seeks to offer “Finance services, financial transactions relating to currency swaps, buying and selling currency.” Although it didn’t mention digital assets specifically, sources from El Corte Inglés told MSN that the company intends to conduct crypto-related business in the future. Officially, however, representatives from El Corte Inglés have declined to comment on possible virtual currencies-related activity. They have only stated that the trademark filing is a “preventive registration” to avoid other companies using “Bitcor” name. Along with “Bitcor”, El Corte Inglés also made a registration for the branding “Bitcor El Corte Inglés

Japan is steadily becoming an area of interest for the cryptocurrency industry, and a politician in the capital city is looking to strengthen the trend. A member of the Tokyo Metropolitan Assembly wants to transform the Japanese capital into a “trading center” for cryptos. Blockchain as a ‘Growth Strategy’ to Create Industry Hub Yuu Ito, the third term assembly member in question, commented about the possibility of bolstering the city’s financial sector by increasing its involvement with the digital asset business. The statement comes after his recent support of economic plans unveiled by Yuriko Koike, governor of Tokyo. Ito also pointed out challenges Tokyo faces in order to compete with other major financial hubs, like London, Macau, and Hong Kong. He believes high rates in bitcoin ( BTC ) tax might have deterred investors and companies from being active in Japan, and that significant action is necessary to advance the industry domestically. Nobuko Irie, a fellow Tokyo Metropoli

Tom Brady, who is widely known as the greatest quarterback of all time, has hopped on the bitcoin bandwagon. The seven-time Super Bowl champion has added laser eyes to his Twitter profile. Tom Brady Rumored to Be Loading up on Bitcoin Football star Tom Brady has hopped on the bitcoin train. The Tampa Bay Buccaneers quarterback, who plays in the National Football League (NFL), is widely considered to be the greatest quarterback of all time. He became the G.O.A.T. (greatest of all time) in NFL history after winning his sixth Super Bowl two years ago. Brady has since won another Super Bowl. Responding to a tweet by Blockworks’ Jason Yanowitz that says: “Rumor has it Tom Brady is loading up on bitcoin. Retweet if you think the GOAT should turn on laser eyes. Let’s make it happen.” A few hours later, Brady replied : “Hmmmm should I change it??” Without revealing whether he has bought bitcoin, the star quarterback proceeded to change his profile picture on Twitter to one with laser eyes

Swiss investment bank UBS Group is reportedly exploring offering cryptocurrency services to its wealthy clients. UBS joins a growing list of major investment banks that are either already offering or planning to offer crypto investments to their clients, including Morgan Stanley, Goldman Sachs, and Citigroup. UBS Group AG is exploring “offering crypto investments to rich clients,” Bloomberg reported Monday, citing people familiar with the matter. According to the publication, the company is in the early stages of planning its offerings. Several crypto investment options are being considered but any offering would be a small portion of the clients’ total wealth because of the volatility, one of the people told the news outlet. Some of the options being explored include investing through third-party investment vehicles. UBS said in a statement: “We are monitoring the developments in the field of digital assets closely. Importantly, we are most interested in the technology which

Mark Yusko, Morgan Creek Capital Management’s CEO and cofounder, is extremely bullish on bitcoin. Despite a period of consolidation, Yusko expects the leading crypto asset to tap $250,000 in five years. In a recent interview, he said that the network continues to swell in an “exponential way.” Morgan Creek’s CEO Sticks to His Six-Digit Bitcoin Prediction The founder of Morgan Creek is again reiterating his prediction that bitcoin ( BTC ) will surpass six digits in value within the next five years. In a May 6, 2020 interview , Yusko predicted that bitcoin could easily reach $100,000 in 2021 or 2022. Moreover, during the discussion, Yusko also stressed that bitcoin’s price could reach $400k to $500k as well. During this week’s interview with CNBC’s Trading Nation, Morgan Creek’s Mark Yusko explained that he believes investors “overlook and underestimate” the leading crypto asset. “It’s just about network adoption and increased usage,” Yusko said this week. “This is a network and ne

The price of ethereum, the second-largest crypto asset in terms of market valuation, touched an all-time high (ATH) on Monday, capturing $4,246 per unit. Ethereum has been on a tear during the last year against the U.S. dollar, gaining a whopping 2,129% in 12 months. Ethereum Captures Fresh Price Highs, ‘Flippening’ Begins to Trend Ethereum (ETH) reached a new ATH this Monday, tapping $4,246 per ether. ETH is up over 6% during the last 24 hours and 21.9% over the course of the week. Against bitcoin ( BTC ), ETH is up 19% during the course of the last seven days. 30-day stats shows ETH is up 96% and 90-day data shows ether is up 136%. Ethereum’s price rise has been dragging bitcoin’s ( BTC ) leading dominance down a great deal, as BTC only commands 43% today. ETH dominance is 19.6% and it’s been rising higher as each day passes. Data shows that reported volume for ETH is around $54.7 billion, while “real volume” stats from Messari indicates volume could be around $12.2 billio

Shiba Inu, an Ethereum based Dogecoin ripoff, has been listed in two important cryptocurrency exchanges today, Binance and FTX, after the price skyrocketed more than 1500% during last week. Binance has faced stiff criticism for listing Shiba Inu due to its origin, but their systems are now overwhelmed with inflows coming with this currency. Shiba Inu Gets FTX and Binance Listing Shiba Inu, an ethereum based meme coin looking to be the next Dogecoin, has been listed from two very important exchanges in the cryptocurrency sphere: FTX and Binance . Binance included the currency in its innovation zone, which presents some kinds of limitations for its trading, and FTX included it as a full-fledged cryptocurrency, including spot markets and perpetual futures to trade with it. The cryptocurrency has experienced a hike in prices during the last week, skyrocketing by almost 1500%. However, this metric is dwarfed by how much it has grown in the last month, rising by a mouth-watering 40,000

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