Bookmarking Crypto Insights
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“If those loans fail, even a small percentage of them, one Tether would become worth less than $1,” said Bloomberg reporter Zeke Faux. Go to Source Powered by WPeMatico
SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recently, Federal Reserve Chairman Jerome Powell similarly said that the Fed had no intention to ban or limit the use of cryptocurrencies. SEC … Read more
Hedge fund manager Ken Griffin signaled out crypto as a threat to the US dollar, and stated that “I wish all this passion and energy that went to crypto was directed towards making the United States stronger.” Go to Source Powered by WPeMatico
Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000. Go to Source Powered by WPeMatico
$50,000 may not come easily, but zooming out, there’s barely a bear in the house when it comes to Bitcoin price action. Go to Source Powered by WPeMatico
The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race to Develop Digital … Read more
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the Federal Reserve System, … Read more
China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner. Go to Source Powered by WPeMatico
The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the next 31 days. Go to Source Powered by WPeMatico
Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users to move their trading activities to these platforms. Dydx Bursts With Activity Dydx, … Read more