Analysis

CDCROP: Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash)
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.
CDCROP: Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash)

Jakob Braun (Unsplash)
Bitcoin Volatility and Trading Volume Continue to Decline
The compression in BTC’s trading range implies that market participants are playing things safely for the moment.
Jakob Braun (Unsplash)

Christopher Burns (Unsplash)
Crypto Markets Look to Recapture Momentum Following Down Week
Trading volume increases for both bitcoin and ether, but trails their 20-day moving averages. CoinDesk’s Bitcoin Trend Indicator signals neutral again.
Christopher Burns (Unsplash)

CDCROP: Horse track racing race (Mathew Schwartz via Unsplash)
Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position
Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.
CDCROP: Horse track racing race (Mathew Schwartz via Unsplash)

(Rachel Sun/CoinDesk)
Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long
The transaction fees debacle might have provided a short-lived revenue bump for the miners but gives a glimpse of the future for the industry.
(Rachel Sun/CoinDesk)

Rollercoaster (Chris De Tempe/Unsplash)
Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience
Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.
Rollercoaster (Chris De Tempe/Unsplash)

State of Urbit, Austin Convention Center: Protocol Village, Austin, Texas, USA - 28 Apr 2023
Urbit, a Network Older and Weirder Than Bitcoin, Finally Turns Toward Growth
The peer-to-peer network started in 2002 says it's taking on "MEGACORP," much in the same vein as many blockchain networks. A bit more fun are the "secret code names" that users are assigned.
State of Urbit, Austin Convention Center: Protocol Village, Austin, Texas, USA - 28 Apr 2023

UK flag with digital matrix (Getty Images)
Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules
The U.K. opened its plans for regulating the crypto sector for public comment back in February.
UK flag with digital matrix (Getty Images)

BTC and ETH prices continue to slide down. (Karsten Winegeart/Unsplash)
Bitcoin, Ether Slide for 4th Consecutive Day, While Altcoin Trading Volume Spikes
While the two largest cryptocurrencies trade near recent levels of support, lesser known altcoins trade at twice their average volume.
BTC and ETH prices continue to slide down. (Karsten Winegeart/Unsplash)

Lighting with dark clouds in sky at Nebraska. (Getty Images)
Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar
Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem.
Lighting with dark clouds in sky at Nebraska. (Getty Images)