News

May 27
Bitcoin price approaches key support levels to avoid ‘cascade south’

Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader demands higher low above $28,000 Data from Cointelegraph Markets Pro and TradingView confirmed volatility once again waning in a frustrating week’s price action. BTC/USD […]

May 27
Sturm Ruger, Smith & Wesson, three more gunmakers are subject of House probe

A House committee has launched an investigation into gun manufacturers in the wake of two deadly shootings in less than two weeks, its chairwoman said Friday. Rep. Carolyn Maloney, the New York Democrat who leads the House Committee on Oversight and Reform, has asked gun makers Bushmaster Firearms Industries, Daniel Defense, Sig Sauer, Smith & […]

May 27
Terra to burn 1B UST from the community pool as holders vote for it

The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply. 4703 Total views 57 Total shares In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool.  Earlier in May, Terra founder Do Kwon […]

May 27
Credit Suisse downgrades Citigroup as shares near target price

Credit Suisse analysts Susan Roth Katzke and Jill Shea on Friday downgraded shares of Citigroup Inc. C, -1.04% to neutral from outperform after the stock has risen 15% from its recent lows and climbed to within 10% of their $58 a share target price. “We realize that the downside to C shares may prove more […]

May 27
Hacker tastes own medicine as community gets back stolen NFTs

The dev partner of the Solana-based NFT game raised the royalty to 98% from the usual 5%, resulting in the scammer listing the 25 stolen NFTs for sale, which were then bought back and returned. 1955 Total views 37 Total shares Tales of traders getting scammed out of their nonfungible tokens were quite common at […]

May 27
Aurora Cannabis ups financing deal to $150 mln, shares fall

Aurora Cannabis Inc. ACB, -37.39% ACB, -30.84% shares dropped 28% Friday after the cannabis company said it would increase the size of its bought deal financing to $150 million from $125 million. A syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets will buy on a bought deal basis 61.2 million units of […]