Independent Strategy's David Roche isn't convinced cryptocurrencies are a viable investment for now. Original
Strategist warns of short-term volatility for bitcoin, explains how to trade it
Day: December 9, 2021
Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
“The long-term bull case remains for bitcoin, but everything in the short-term seems bearish,” Edward Moya, senior market analyst at Oanda, said in an email. “Bitcoin will need to overcome growing expectations for a stronger dollar, an extended altcoin season and short-term bearishness for risk assets as Omicron derails reopening momentum.” Original
1 MİLYON TL DEĞERİNDE MİNİNG RİG TESİSİ KURDUK
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Yesterday’s Hearing Was Crypto’s Most Positive Interaction with the US Government, Ever
This episode is sponsored by NYDIG. Download this episode Yesterday the House Financial Services Committee held a hearing on the future of digital assets. Shockingly to almost everyone, the tone was respectful, collegial and considered, and lawmakers seemed genuinely interested in working toward a greater understanding of the industry. In today’s episode, NLW covers why the hearing felt different as well as key themes like U.S. dollar hegemony and the rebranding of crypto to “Web 3.” See also: LIVE BLOG: House Meets on Crypto Regulation “The Breakdown” is written, produced by…
First ERC-20 Converter Goes Live On Cardano Testnet
Cardano has marked the launch of its first-ever ERC-20 converter. The project which had been in the works had finally reached its launch milestone with help from IOG, the developer behind Cardano. With the converter, the network will be able to support the migration of ERC-20 tokens from Ethereum to the Cardano blockchain. Development on the blockchain has been ramping up since the launch of smart contracts capability. The network has seen the first signs of DeFi as developers begin to test out their DApps with help from the foundation.…
CFTC Commissioner Opposes Regulation by Enforcement, Says Crypto Needs Clearer Rules – Regulation Bitcoin News
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the U.S. Securities and Exchange Commission (SEC) are taking to regulate the crypto industry. The commissioner is a vocal proponent of clarifying guidelines for crypto assets. In an interview with the Financial Times, published Wednesday, she…
15 Ways Blockchain Is Changing the World
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Aluxers, not enough can be said about the advantages that Blockchain can bring to the world, and we’ve had to be selective in choosing just 15 to share with … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Data shows pro traders are currently more bullish on Ethereum than Bitcoin
Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9. ETH/BTC pair at Coinbase. Source: TradingView To put things in perspective, Ether’s $490 billion market capitalization currently represents 54% of Bitcoin’s $903 billion. This ratio finished 2020 at a mere 15%, so it is safe to conclude that some ‘flippening’ has occurred. It might still be far from what Ethereum-maximalists imagined,…
WisdomTree amends Bitcoin ETF application, naming US Bank as custodian
New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank as its custodian. In a Wednesday filing, WisdomTree listed U.S. Bank National Association as the custodian for shares of its Bitcoin (BTC) trust. The filing is an amendment to its March 11 registration for a spot Bitcoin exchange-traded fund, or ETF, submitted to the SEC prior to U.S. Bank offering crypto custody services for institutional investors. On Dec. 2, the SEC rejected a proposed rule change…
How everyday Venezuelans are using stablecoins to protect their livelihoods
Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and Colombia who shared their positive experiences with Reserve. Reserve is a tool to exchange fiat currency like Venezuelan bolivares for U.S. dollars via the Reserve (RSV) stablecoin. From everyday purchases to family remittances, Reserve has said that its use cases are increasingly growing in Latin America. After one year…