Dawn Stump joined CoinDesk TV’s “First Mover” to discuss crypto regulation and why Congress may need to step in. Source
Congress Must Decide How Cryptos Should Be Regulated, Former CFTC Commissioner Says
Day: August 16, 2022
Celsius CEO personally directed crypto trades months before bankruptcy: Report
Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates. According to a Tuesday report from the Financial Times, Mashinsky personally directed individual trades and overruled financial experts in an effort to protect Celsius from anticipated declines on the crypto market. The Celsius CEO reportedly ordered the sale of “hundreds of millions of dollars” worth of Bitcoin (BTC) in one instance, rebuying the coins less than 24 hours later at a loss.…
Will Crypto Market go further down? | Cryptocurrency
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Cryptocurrency #Crypto #Bitcoin Will the entire Crypto Market go further down from it’s current levels? The possibility is yes, but what is the reasons, let’s talk about them in today’s video. Please Note the information and assumptions made in this video or strictly and purely speculations. I will always suggest you guys to do your own research before taking any steps in trading in Crypto’s. Let’s Discuss. WARNING – We will never leave share our whatsapp number on your comment, nor will…
Fed Reminds Banks to Check for Legal Permissibility Before Offering Crypto-Related Services
The Federal Reserve published an open letter Tuesday, signed by Director of Supervision and Regulation Michael Gibson and Director of Consumer and Community Affairs Eric Belsky, directing Fed-supervised banks to make sure they check that any crypto-related activities they want to undertake are legally allowed first. Source
Are bulls Still In Control?
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few days has struggled to reclaim the $2,000 mark that has become a resistance despite showing strong bullish signs and outperforming Bitcoin (BTC) in this relief rally. The price of ETH ranging has led to many feeling weary if bulls are still in control. Ethereum (ETH) Price Analysis On The Weekly Chart Weekly ETH Price Chart | Source: ETHUSDT On Tradingview.com From the chart, the…
Public Pension Funds Continue To Show Interest in Cryptocurrency Investments Despite Downturn: Report
Public pension funds in the United States are still showing interest in digital assets despite the crypto market downturn, according to a Wall Street Journal report. The report says that investment firms such as VanEck have received inquiries on crypto investing from public pension funds across the US in the last few years. Likening the current state of crypto assets to consumer internet technology in the early years, the Texas Association of Public Employee Retirement Systems’ executive director, Art Alfaro, says cryptocurrency is an “asset class which should not be…
Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees
Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the yearly low in the $18,000 range. The price action coincided with worsening conditions for tech stocks, including Chinese giant Tencent, which is expected to post its first-ever quarterly revenue decline. According to analysts, the Chinese gaming and social media conglomerate is expected to post quarterly earnings around $19.5 billion, which is…
Bitcoin Miner Stronghold Digital in Debt Restructuring Negotiations With Lenders
“This delay principally relates to the Company’s ongoing negotiations of potentially material transactions with its lenders to restructure or refinance certain financing agreements in order improve the Company’s financial position, and for the Company to be able to continue as a going concern for at least the next 12 months,” Stronghold wrote. “Management’s efforts related to negotiating the potential debt restructuring transactions and evaluating the Company’s financial position, including its liquidity position, have required a significant amount of management’s time and other Company resources that normally would be devoted to…
Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency – Economics Bitcoin News
Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colombian Congress, Roy Barreras, mentioned the same idea during the inauguration of president Gustavo Petro earlier this month. The idea behind this would be to lessen the dependence of the region on the US dollar. Lula and Barreras Propose Latam Common Currency The proposal for a new common currency to be…
IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders
The court order, approved by a judge in the Central District of California, authorizes the IRS to serve the summons against SFOX, asking for information about any “U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency between 2016 and 2021 with or through SFOX.” SFOX will be required to share any records identifying these users and their transactions through the service. Source