Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week
    30 May 2023

    Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength. Bitcoin starts a new week in an altogether different mood as the weekly candle close brings a move higher. The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several…

    Biden reaches ‘tentative’ US debt ceiling deal: Report
    28 May 2023

    United States President Joe Biden has urged both the United States House and Senate to “pass the agreement right away.” Amid growing concerns of a potential default by early June, the United States President Joe Biden and Republican Kevin McCarthy have reportedly reached an “agreement in principle” to raise the federal government’s multi-trillion dollar debt…

    ‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
    15 May 2023

    The United States Congressional Budget Office has predicted that the U.S. government’s annual deficits will “nearly double over the next decade.” The United States government faces a “significant risk” of no longer meeting all of its financial obligations as early as June, as per a recent report. According to a May 12 report published by the…

    BTC price bounces at $25.8K lows amid warning over low whale interest
    14 May 2023

    Bitcoin traders line up “safe” support levels, but order book data makes one observer uneasy about the future. Bitcoin sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. Traders: BTC price must retain $26,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp….

    Coinbase calls Pepe a ‘hate symbol,’ prompting calls to boycott the exchange
    11 May 2023

    An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community. An email sent out to Coinbase customers describing the Pepe meme as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community. Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter…

    Concern over banking crisis reaches levels unseen since 2008 — Poll
    09 May 2023

    According to a recent poll from Gallup, nearly half of Americans are concerned about the safety of their money deposited with banks. Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles to contain the collapse of several high-profile financial institutions in recent months. A Gallup poll conducted across the…