Bitcoin price retests key support as Fed rate hike fears steal $27K

Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Inflation specter haunts crypto markets Data from Cointelegraph... Read more »

Bitcoin defense lawyer says Craig Wright lawsuit could harm open source software

Jessica Jonas, chief legal officer of the nonprofit Bitcoin Legal Defense Fund, discussed the potential legal ramifications of a high profile lawsuit against Bitcoin core developers during the Bitcoin 2023 event in... Read more »

Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million

Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of May... Read more »

Crypto.com adds Pay support for MATIC, USDC and DAI

Singaporean cryptocurrency exchange Crypto.com recently launched an update to its decentralized finance (DeFi) wallet service enabling support for fiat-to-crypto purchases in more countries and three new tokens. In a blog post published... Read more »

US Secret Service has an NFT collection: Nifty Newsletter, May 10–16

In this week’s newsletter, read about the United States Secret Service’s nonfungible token (NFT) collection, and how Elon Musk’s tweet caused a surge in an NFT collection’s floor price. Check out how... Read more »

New survey says Bitcoin is safer than the US dollar — Watch The Market Report

On today’s episode of The Market Report, analyst and writer Marcel Pechman discusses if Bitcoin (BTC) is safer than the United States dollar, considering the U.S. government’s risk of defaulting on its... Read more »

Crypto retail trading should be regulated as gambling: UK lawmakers

The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a panel of British lawmakers said in a new... Read more »

Bitcoin Cash enables CashTokens upgrade on its network

The Bitcoin Cash (BCH) network underwent a major upgrade on May 15, allowing developers to create tokens with the same properties as BCH. The tokens — called “CashTokens” — can be issued... Read more »

Digital asset market shrinks as fund outflows reach $200M: CoinShares

On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total... Read more »

AI Eye – Cointelegraph Magazine

Your guide to the exhiliarating and vaguely terrifying world of runaway AI development. It’s been a hell of a couple of weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT... Read more »