Will Global Regulations Stifle the Crypto Industry or Encourage New Users? Source
Will Global Regulations Stifle the Crypto Industry or Encourage New Users?
Day: August 23, 2022
Crypto Privacy Mixer Tornado Cash’s Addition to US Sanctions List Questioned by Lawmaker
His letter echoes comments made by the broader crypto industry, which saw the sanctions as a major concern. Coin Center, a crypto think tank, has threatened to bring a legal action against the Treasury Department, questioning whether a running, autonomous smart contract can even be added to the sanctions list. Source
When Bitcoin Will Become An Inflation Hedge? Scaramucci Explained
Many investors picked interest in Bitcoin, believing it could be a hedge against inflation. According to an analyst at D.A Davidson, Chris Brendler, BTC could become a hedge because it is decentralized and not a product of a central bank. These opinions and expectations led many people to accumulate large quantities of BTC coins. But the recent price fluctuations and speculations in the market are seemingly overpowering BTC’s underlying value. Now that inflation is causing havoc in economies, many investors are disappointed that Bitcoin couldn’t serve as a hedge as…
Certain regulatory clarity could be ‘hugely detrimental’ for crypto, says former CFPB director
Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities. Speaking to Cointelegraph, Kraninger said Congressional action on dividing the roles of different regulatory agencies — including the Securities and Exchange Commission, or SEC, and Commodity Futures Trading Commission, or CFTC — would be the “best outcome” in her view. However, she added it was unlikely any single department would have…
La INFLACIÓN SEGUIRÁ SUBIENDO 📈 Criptomonedas ÚLTIMA HORA | Bitcoin – Solana – BNB – ETH – ADA
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Te explico por qué la inflación no ha tocado su techo y qué datos apoyan la teoría. Además vemos las consecuencias que va a tener en el mercado, donde espero ponerme corto en varias criptos… 🔥 DÍA a DÍA de un TRADER PROFESIONAL: 💹 Dónde HAGO TRADING: TIMEFRAMES 00:00 Intro 00:20 Datos de Ayer 01:10 Motivos Crecimiento Inflación 05:36 Noticias Extra 07:42 Análisis BTC 11:10 Análisis ETH 14:40 Análisis BNB 18:25 Análisis ADA 22:48 Análisis SOL 📈 CANAL SECUNDARIO: 🧪 La REVOLUCIÓN…
Why Bitcoin And Ethereum Saw A Spike In Correlation With Asian Equities
The International Monetary Fund (IMF) published a study on the spike in positive correlation with Bitcoin (BTC), Ethereum (ETH), and Asian equities. The financial organization claims digital assets began an accelerated integration with the region during the pandemic as more people traded them looking to generate yield. From 2020 to its all-time high in 2021, the crypto total market cap increased by over 20-fold which led Bitcoin and Ethereum into price discovery. As seen in the chart below, the total trading volume for cryptocurrencies rose very close to $900 billion…
Mercados cripto se estabilizan tras caídas semanales y traders muestran sesgo bajista a corto plazo
Bitcoin podría caer a “mínimos cercacnos a $18.700”, dijo un trader. Source
Bitcoin price eyes $22K as US PMI data hits lowest since May 2020
Bitcoin (BTC) headed for multi-day highs after the Aug. 23 Wall Street open as United States economic data tripped up the dollar. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar suffers as data shows incomes “squeezed” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it eyed $21,700 at the time of writing, near resistance in place since last week’s near-12% drop. The pair gained momentum as the U.S. Purchasing Managers Index (PMI) prints for August showed a drop versus the month prior, hitting the lowest levels since May 2020…
Why GameSwift Is The Solution To Web3 Gaming Challenges
The Web3 gaming ecosystem has grown swiftly in the last two years. The crypto space has attracted billions of dollars in investments, and now it’s starting to attract the attention of gamers with a trend called web3 gaming. However, given that the space is relatively young, it still encounters its fair share of challenges. These challenges have been made even more obvious in the bear market. From a high barrier to entry to complicated technological navigations required to access the games, blockchain gaming has been held back in its growth…
Tornado Cash saga highlights legal issues affecting the crypto market
Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions against digital currency mixer Tornado Cash. As per the regulatory body, since the platform’s inception in 2019, it has been used for a host of illicit money laundering activities estimated to be worth $7 billion. Of this sum, it is…