Crypto regulation is coming, but Bitcoin traders are still buying the dip
The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish. Go to Source Powered by WPeMatico
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Avalanche eyes 60% rally as AVAX price breaks out of bull flag
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio. Go to Source Powered by WPeMatico
Tether lauds Myanmar shadow government for making USDT an official currency
The stablecoin issuer called NUG’s USDT adoption a significant event that goes “beyond the potentials of cryptocurrency.” Go to Source Powered by WPeMatico
Markets rally after FOMC meeting, but Bitcoin bears still have a short-term advantage
Bitcoin, altcoins and stocks rallied shortly after the Fed laid out its policy roadmap for 2022, but bears still have an advantage in this week $755 million options expiry. Go to Source Powered by WPeMatico
Data suggests traders view $46,000 as Bitcoin’s final line in the sand
BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Go to Source Powered by WPeMatico
Myanmar shadow government declares stablecoin USDT an official currency
The NUG finance minister said Tether use would enhance trade speed and payment efficiency. Go to Source Powered by WPeMatico
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny. Go to Source Powered by WPeMatico
$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 … Read more
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight. Japan to Tighten Stablecoin Regulation Japan’s Financial Services Agency (FSA) is planning … Read more
Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market
BTC and altcoins took a beating over the weekend, but data shows a market with healthier trading conditions, even if prices consolidate for the foreseeable future. Go to Source Powered by WPeMatico
