The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.” Miami Mayor Sees US Benefiting From China’s Crypto Crackdown Miami Mayor Francis Suarez, who has been trying to build his city into a bitcoin hub, sees the crypto crackdown by the Chinese government as an opportunity for his city…
Day: September 30, 2021
SEC Crypto Regulations Need ‘Even Application,’ Says A16z’s Katie Haun — CoinDesk
Haun, a former federal prosecutor who created the U.S. government’s first cryptocurrency task force, said regulators “need to assess the fact that we’re beyond just financial use cases” in crypto, and regulation “can not be one size fits all.” Source
Crypto Analyst Says Ethereum Market Is A “Ticking Time Bomb”, Here’s Why
Ethereum has recently taken hits along with the rest of the wider market. Numerous market dips and crashes have seen the digital asset crashing back down below $3,000 in recent weeks and this has left ETH in a struggling position. With momentum down, it looks like the market is headed for another bear market as cryptocurrencies are now recording lower lows and lower highs with each dip and recovery. Related Reading | JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum The asset had dropped below the $2,700 price…