Friday’s $540M Ethereum options expiry favors traders with targets at $5K
$540 million in ETH options expire on Friday and data shows bulls have a good chance at securing the $5,000 level. Go to Source Powered by WPeMatico
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Crypto at the polls: Eric Adams wins NYC mayoral race
Adams beat out Republican Curtis Sliwa — also a pro-crypto candidate — to become the next mayor of New York City with 72.8% of the vote. Go to Source Powered by WPeMatico
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto … Read more
Laotian govt budget expected to gain $194M from crypto miners by 2022
Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic. Go to Source Powered by WPeMatico
Miami mayor plans to accept first paycheck entirely in Bitcoin
The mayor said he preferred to use an app like Bitwage or Strike rather than having the local government concert his fiat paycheck into crypto. Go to Source Powered by WPeMatico
US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks
The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks. Go to Source Powered by WPeMatico
Ethereum shillers call for $5K ETH, and this time derivatives data is backing them up
Ether bulls have been calling for $5,000 ETH for years, and now derivatives data suggests that the price is finally realistic. Go to Source Powered by WPeMatico
South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants … Read more
Bitcoin price descending channel and loss of momentum could turn $60K to resistance
After a slight hiccup in BTC futures premium, traders seem comfortable despite the $58,000 support retest and the risk of $60,000 turning to resistance. Go to Source Powered by WPeMatico
Apple Co-Founder Steve Wozniak Warns Governments Will Never Allow Crypto to Be Out of Their Control
Apple co-founder Steve Wozniak sees bitcoin as mathematical purity, praising its fixed supply. However, he said that governments will never allow it to be out of their control. “If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would … Read more