Day: December 3, 2021

Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K

Bitcoin (BTC) sellers were active on Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support near $53,000 could stabilize the current pullback. BTC was trading around $55,000 at press time and is down about 2% over the past 24 hours. Upside momentum is starting to slow on the daily and weekly price charts, which means upside could be limited toward $60,000 resistance. For now, the intermediate-term uptrend remains intact given the upward sloping 100-day moving average. Further, the relative strength index (RSI) on the daily…

CBDCs for the People? Where the Current State of Digital Currency Research Leads

While much attention focuses on the retail central bank digital currency (CBDC) ruminations of China, Europe and the United States, smaller jurisdictions are leading the way. For example, Uruguay, the Bahamas, the Eastern Caribbean Central Bank, Nigeria and Jamaica have each launched pilot CBDCs over the past three years. The potential benefits of CBDCs are numerous โ€“ from automating certain tax payments to preserving a nationโ€™s monetary sovereignty โ€“ if only theoretical at this stage. The idea is to revamp a crucial part of society, how money is issued and…

Are NFTs Taking Over the Art Market? Notes From Art Basel Miami Beach

This week, โ€œOpinionatedโ€ hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking about Art Basel Miami Beach, the annual international art fair that took place in Florida last week. Danny was reporting from the ground: This year, a new kind of art made its way to Miami, under the picky gaze of art collectors, curators and, yes, artists themselves. And yes, itโ€™s NFTs, or non-fungible tokens. NFTs used to be seen as merely cute funny antics of the crypto world (remember Crypto Kitties?) back in 2017, but now, they…

Free Bitcoin mining Worth 110$ per month || How to mine Bitcoin from mobile || Crypto news in india

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Hello Friends ye wali video mai Maine aapko Bitcoin mining ke bare mai bataya hai. i hope ki aapko video pasand aayega. ————————————————————————- Join USD miner in india : ————————————————————————- Binance Exchange : Huobi Pro Exchange : WazirX Exchange : Disclaimer – video is for educational purpose only.Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by…

US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency โ€“ Regulation Bitcoin News

The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). โ€œThere are some benefitsโ€ to a digital dollar, Yellen said, but noted that โ€œthere are also meaningful costs.โ€ Janet Yellen Has Not Decided Whether the Fed Should Develop a Digital Dollar Treasury Secretary Janet Yellen said Thursday during an interview at the Reuters Next conference that she has not formed an opinion about whether the Federal Reserve should create a digital dollar. She…

Top 15 Cryptocurrency by Market Capitalization – 2013 | 2021

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Top 15 Cryptocurrency by Market Capitalization – 2013 to 2021 In this the evolution of the 15 Cryptos with the most Market Capitalization from September 2013 to the last available week, September 12, 2021. Source: Coin Market Cap Historical Data Donate a coffee to support Statistics and Data project: ๐Ÿ‘Œ ๐Ÿ‘Œ Read more articles: ๐Ÿ‘Œ To follow the channel subscribe: #crypto #cryptocurrency โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System

Bitcoin has proven to be a long-term play which means nations can no longer ignore the impact of the cryptocurrency on the economy. One way that nations have responded to this has been through regulations. While some countries have implemented favorable laws for bitcoin, others have gone the route of trying to stop the digital asset. The United States skews towards the latter. The SEC has made several attempts to try to regulate the crypto industry, with SEC boss Gary Gensler commenting on what the regulatory body is doing to…

The Big Miss in the Biden Administrationโ€™s Stablecoin Report

Stablecoins are that bridge, and they create two types of risk for the banking system. First, stablecoin reserves are often held in the form of bank deposits. Second, when they are not held by banks, those reserves are often held in the types of securities that banks and other systemically important financial institutions also hold โ€“ i.e., Treasury bonds and short-term corporate paper. Stablecoins, thus, create a risk that a sudden drop in the value of crypto assets could affect the real banking system. Source

Capitalism Misallocates Resources. Web 3 Tech Can Help

Look at a map of Africa. Itโ€™s no miracle that so many of the borders are straight lines, and itโ€™s no coincidence that these random straight lines have caused untold political complexities. In that way, African nations are like money: a fiction imposed on the entire globe by a few decision-makers. In short, money is a collective fiction, a cultural technology used for the reallocation of resources, a way to draw borders around everything. This is a relatively new concept in human history โ€“ (capitalism is only a few hundred…