Bitcoin holds 200-week average as trader says ‘inflection point’ is here

Bitcoin (BTC) held its most recent gains into May 27 as traders called for a change in “bearish” market sentiment. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Trader awaits “pretty major... Read more »

Gemini and Genesis seek to dismiss SEC lawsuit over defunct Earn product

Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26. Genesis says Earn wasn’t a security Jack Baughman, a lawyer... Read more »

Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence

Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year... Read more »

Circle launches Euro Coin on Avalanche

Circle, the digital fintech firm most famous as the issuer of the USDC stablecoin and, more recently, Euro Coin, has unveiled the launch of Euro Coin on the Avalanche blockchain.  Circle anticipates... Read more »

Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets

Bitcoin (BTC) made snap gains at the May 26 Wall Street open as United States macroeconomic data delivered a nasty surprise. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin shrugs off... Read more »

Unbanked shuts down crypto services, says US regulations prevented fundraising

Unbanked, a cryptocurrency card and trading platform, said May 25 that it would be winding down its services due to harsh U.S. regulations. Regulations affected funding Unbanked cited regulations as the primary... Read more »

Morgan DF Fintoch goes radio silent after rugging $31.6M

Crypto investment platform Morgan DF Fintoch allegedly stole $31.6 million worth of user funds in an apparent exit scam on May 22, on-chain sleuth Zachxbt reported May 24. On-chain data shows the... Read more »

How crypto derivatives boost trading strategies and provide insight into market sentiment

There are many ways to decipher market trends. From technical and fundamental analysis to social media monitoring, many metrics provide a foundation from which traders use to gauge market sentiment—and time trades.... Read more »

Dogecoin is still Elon Musk’s ‘favorite’ crypto, but he’s careful not to endorse it

Elon Musk is still a fan of Dogecoin, even if he is choosing to be much more careful in how he expresses it. Speaking at The Wall Street Journal’s CEO Summit in... Read more »

Why Bitcoin is stuck below $28,000 resistance

On May 23’s episode of The Market Report, analyst and writer Marcel Pechman discusses why Bitcoin (BTC) is stuck near $27,000 and how the macroeconomic scenario has become more critical than ever... Read more »