Monday May 15, 2023

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Cardano Looks to Take 2023 By Storm with Hydra Launch...


Cardano (ADA) is a blockchain platform that is rapidly gaining global popularity due to its focus on scalability, security, and interoperability. Most recently, the Cardano Foundation CEO, Frederik Gregaard, provided some insight into some potential use cases, wherein he envisions a future where Cardano will play a key role in areas such as supply chain management, digital identity, and DeFi.


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Traders Remain Optimistic Despite BTC Ordinals Coming Under Scrutiny...


There is an ongoing heated debate amongst Bitcoin developers regarding the censorship of a new type of transaction called Ordinals BRC-20s. This development has also had a significant impact on the mining of Bitcoin, causing transaction fees to surpass the mining reward for the first time in years.



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Digital Currencies Added To Texas Bill Of Rights...



Texas legislators recently voted to amend their Bill of Rights to include digital currencies, allowing individuals to own, keep, and use digital currencies such as Bitcoin (BTC) and Ethereum (ETH).


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Public Trust In Banks Reaching Critical Lows As Economic Recession Continues...




According to a recent Gallup survey conducted in the US, public trust in banks has declined significantly due to recent high-profile financial institution collapses and record setting inflation levels.


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Exchange-Held Bitcoin To Be Confiscated By UK Authorities...



UK tax authorities will reportedly soon have the power to seize Bitcoin held on exchanges. The measure is part of a new amendment to the United Kingdom Finance Bill, which seeks to strengthen the government and its ability to recover taxes owed by individuals and companies.


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INDUSTRY EVENTS

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Bitcoin 2023

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TECHNICAL ANALYSIS

Bitcoin (+1%) Finds Support at 50-Week Moving Average

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Ethereum (+1%) Also Finds Support at 50-Week Moving Average

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CONTENT OF THE WEEK

IS THE BITCOIN NETWORK IN DANGER??? 500'000 unconfirmed Transactions...

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WATCH THESE Coins! Crypto Sectors For The Next Bull Run!!



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The Utter Folly of Biden's Proposed Bitcoin Mining Tax



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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.