Bitcoin is pinned below $65K but several market structure-altering factors are at play

The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto. 257 Total views 4 Total shares Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth.The…

A new Monero update brings improvements in performance, speed, and security amid increased scrutiny from law enforcement and developments from competitors 342 Total views 10 Total shares First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed 'Oxygen Orion.' The product of 30…

Despite last week’s institutional Bitcoin outflows of $55 million, negative sentiment could be on the wane. 363 Total views 2 Total shares While key Bitcoin (BTC) metrics don’t paint a pretty picture, the bears could be running on fumes. Contrary to analysts warning that Bitcoin could dip to $38,000 “before an eventual breakout”, CoinShares and Arcane…

Russia has officially legalized crypto trading this January but the government still doesn’t allow local banks to offer crypto services. Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank's tough stance on digital assets.Tinkoff CEO Oliver Hughes said that the digital bank is…

American banking and financial industry advocacy groups have petitioned the Securities and Exchange Commission to repeal its cybersecurity incident public disclosure requirements.  Five US banking groups led by the American Bankers Association asked the regulator to remove its rule in a May 22 letter, arguing that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements

Digital asset finance firm BitGo announced the launch of its off-chain clearance and settlement service in a press release published on May 14.Per the announcement, the service will be available to clients of qualified custodian BitGo Trust Company, and assets are not moved from custody while reportedly allowing fast, compliant and secure settlement. The company…

Economist and notorious cryptocurrency critic Nouriel Roubini said that “cryptos is the mother and father of all bubbles” at the Salt conference in New York. CNBC reported on Roubini’s declarations on May 9.During the conference, Roubini also reportedly said that bitcoin (BTC) and other crypto assets should not be called cryptocurrencies. According to him, “cryptocurrency…

Traders will be closely watching how Bitcoin’s weekly chart closes on May 12 to look for signs of the end of the downtrend.