May 2023 - Crypto News And Market Updates

Illustration depicting Bitcoin mid-cycle phase with price structure, accumulation signals, and market depth visuals.

Senator Cynthia Lummis: Bitcoin Is a National Security and Environmental Asset

May 20, 2023 Gonzalo

Senator Lummis calls Bitcoin vital to U.S. national security, energy innovation, and environmental protection, rejecting claims about its criminal use.

Illustration showing FTX creditors and recovery scenarios involving airdrops and asset distributions.

Miami International Securities Exchange Completes Acquisition of LedgerX from FTX Estate

May 20, 2023 Gonzalo

MIAX completes a $50M acquisition of LedgerX from FTX’s bankruptcy estate, expanding into swaps and futures under CFTC regulation.

Illustration depicting American Bitcoin mining industry amid political discourse and U.S. policy narratives.

Robert F. Kennedy Jr. Vows to Protect Bitcoin and Financial Freedom in U.S. Presidential Campaign

May 20, 2023 Gonzalo

Robert F. Kennedy Jr. pledges to defend Bitcoin, oppose CBDCs, and promote crypto-friendly policies to protect financial freedom and innovation in the U.S.

Michael Saylor: Bitcoin Is Ready for a Bull Run as Crypto Market Shifts

May 20, 2023 Gonzalo

Michael Saylor says Bitcoin has found its bottom and predicts a rally, citing its safety, regulatory clarity, and the rise of the Lightning Network.

Illustration depicting Strike’s expansion from El Salvador to global markets, highlighting Bitcoin payments and international reach.

Strike Relocates Headquarters to El Salvador and Expands to 65 Global Markets

May 20, 2023 Gonzalo

Strike moves its headquarters to El Salvador and expands to 65 markets, using the Bitcoin Lightning Network to reach over 3 billion potential users.

Bakkt Eyes International Retail Expansion as Crypto Regulation Improves Globally

May 20, 2023 Gonzalo

Bakkt plans international retail expansion as crypto regulations improve, with Dan O’Prey highlighting Bitcoin’s resilience and Europe’s regulatory clarity.

Bitcoin price chart showing sideways movement, representing market consolidation and analysis of Bitcoin trading ranges.

Bitcoin Mining Difficulty Hits Record 48.71T Despite Falling Prices and Profit Margins

May 19, 2023 Gonzalo

Bitcoin mining difficulty reaches a record 48.71T and hashrate hits 348.6 EH/s, showing network resilience amid declining BTC prices and mining profitability.

Experts Weigh In: How a U.S. Debt Default Could Impact Bitcoin and Stablecoins

May 19, 2023 Gonzalo

Experts predict a U.S. debt default could send investors to Bitcoin as a safe haven, while stablecoins may face selling pressure and volatility.

Coinbase Launches Coinbase One: A Zero-Fee Subscription Expanding to 35 Countries

May 18, 2023 Gonzalo

Coinbase launches Coinbase One with zero trading fees, 24/7 support, and global expansion plans across 35 countries for premium crypto traders.

Bitcoin Hovers Above $27.2K as Bears Test Support Levels – April 21, 2023

May 18, 2023 Gonzalo

Bitcoin slips below the 21-day SMA, hovering near $27.2K as bearish pressure builds. Analysts expect BTC to consolidate between $27K and $29K.