Day: December 13, 2021

Altcoins Underperform as Bitcoin Dips Below $48K

Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows at $52 million, CoinDesk’s Lyllah Ledesma reported. The prior week, bitcoin-focused funds saw $145 million of inflows. Meanwhile, SOL, the token of the blockchain-based smart contracts platform, saw inflows of $17 million. SOL is down 35% on the month after reaching an all-time high in November. Source

How Solana Was Brought Down By This dApp Launch

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Solana has been taking market share out of Ethereum across several sectors. The platform has seen the expansion of its NFT based projects with SolChicks, one of its latest on-chain games with a play-to-earn (P2E) model, causing a lot of hype amongst the users. Related Reading | Grayscale Launches Solana Trust Following Investors ‘Appetite’ The game was built with SolChick, one of Solana’s NFT Collections, and let players take their assets and using as their main characters. Launched with a Player-to-Player (PvP), a Gameplay with raids characteristics, SolChicks has set…

Could An Elon Musk Time Magazine Cover Predict The Crypto Cycle Peak?

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The crypto market is in turmoil – a major change from the exuberance that kickstarted the year. One of the most important figures responsible for the euphoria in Q1, was none other than the self-proclaimed Dogefather, Elon Musk. His sudden love affair with Bitcoin and other crypto assets send valuations flying, and once he changed his tune, so did the trend. Now, the Tesla and Space X frontman is also made it on the front cover of Time Magazine as the elusive person of the year. But it could it…

SEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce

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Hester Peirce, a commissioner for the United States Securities and Exchange Commission known by many in the space as Crypto Mom, is pushing back against the regulatory body’s agenda for not including clarification on digital assets. In a Monday joint statement, Peirce and SEC Commissioner Elad Roisman said they were “disappointed” in the failure of chairperson Gary Gensler’s regulatory agenda to include items aimed at helping companies raise capital, furthering investor protection, undoing recent rules passed by the commission and providing clarification on crypto. According to the two regulators, Gensler’s…

Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’  – Economics Bitcoin News

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On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational financial services company Allianz says the term “transitory” was the “worst inflation call in the history,” according to a recent interview. Allianz Chief Economic Advisor Says Calling Inflation ‘Transitory’ Was a Bad Call by the…

The Infuriating Patchwork of Crypto Regulations Is Good for Crypto

Third, a single centralized regulator is akin to being “judge, jury and executioner.” As a former regulator, I know how easy it can be to get things wrong, especially when it comes to new and emerging business models and technology. Putting all of the regulatory authority and power in one place is risky for everyone, consumers and industry alike. While there may be certain benefits to large incumbents, this would not be good for the ecosystem as a whole. Source

Bitcoin Drifts Lower; At Risk of Testing $40K Support

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