Day: August 26, 2022

Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech

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Bitcoin (BTC) fell to daily lows on Aug. 26 as market nerves heightened into new macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pre-Fed blues hit BTC markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,332 on Bitstamp ahead of fresh commentary from Jerome Powell, Chair of the United States Federal Reserve. Part of the Fed’s Jackson Hole annual symposium, Powell was set to deliver a speech on the day that spectators hoped would provide new cues on economic policy going forward. With U.S. Consumer…

Afghanistan’s Taliban Government Shuts 16 Crypto Exchanges

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Afghanistan’s Taliban government is cracking down on the local cryptocurrency industry as it closed at least 16 exchanges operating from the country’s western Herat province. However, the names of the shuttered exchanges were not revealed. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. As reported by Ariana News, the crackdown came in response to the cryptocurrency trading ban imposed by the new Taliban government before three months. “Da Afghanistan’s Bank (central bank)…

Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor – Op-Ed Bitcoin News

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No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend — putting legal limits on cash transactions, the emergence of surveillance-oriented, central bank digital currencies (CBDCs), and more recently, crypto mixing platform Tornado Cash being sanctioned by the United States Treasury. There is a new wave of propaganda increasingly demonizing individual financial privacy and “private” cryptocurrencies and protocols. You’ve likely experienced the dystopian push in your own life, as banks and financial institutions demand more and more sensitive, personal information, and freeze your hard-earned money…

XRP PERSISTS & Market Enticed Me To BUY MORE CRYPTO TODAY

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Synthetix looks to turn off the SNX money printer once and for all

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The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million.  The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum and Optimism networks. In an Aug. 25 Synthetix Improvement Proposal (SIP) Warwick explained that SNX reward inflation was initially intended to “bootstrap the network”, however, he believes it’s no longer necessary as they can…

Xbox boss keen on Metaverse but ‘cautious’ about play-to-earn games

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Phil Spencer, the head of Microsoft’s gaming company Xbox is optimistic about the Metaverse but remains “cautious” about play-to-earn (P2E) crypto games due to its economic and speculative aspects. Speaking with Bloomberg anchor Emily Chang on Aug. 25, Spencer suggested that while many gamers are not yet sold on the current concept of a Metaverse, according to his definition, they have essentially been playing in Metaverse worlds for decades: “My view on Metaverse is that gamers have been in the Metaverse for 30 years. When you’re playing games, if you’re…

Singapore’s Central Bank Asks Crypto Firms to Submit Business Data: Report

CryptoX – Cryptocurrency Analysis and News Portal Last month, MAS had asked some digital asset companies for their business related data, including top tokens owned, top lending and borrowing counterparties, amount loaned, and top tokens staked via decentralized finance protocols, according to the report. Original Source The post Singapore’s Central Bank Asks Crypto Firms to Submit Business Data: Report appeared first on CryptoX. CryptoX Portal