Day: September 28, 2022

Bank of England Uncertainty – What Does this Mean for Crypto? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  As markets experienced some relief yesterday from the persistent sell pressure we have seen, the sea of green across crypto lasted very briefly. Fear around the Pound’s instability and lack of certainty over the UK government’s stance on monetary policy has taken headlines by storm. This topic has caused extreme fear around whether the UK government have control over their own currency. However, the Pound’s major sell off was mainly a technical move caused by traders dumping their positions in…

Biden’s cryptocurrency framework is a step in the right direction

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The White House released its first comprehensive framework this month for the Responsible Development of Digital Assets following President Joe Biden’s March 9 executive order. The order called for regulators to assess the industry and develop recommendations to safeguard investors while simultaneously promoting innovation. While more work is needed, the framework is a step in the right direction as it shows the willingness of regulators to provide the industry with the much-needed regulatory clarity it seeks.  The framework’s recommendations addressed six key areas to protect market participants, offer access to…

"Inflation Reduction Act" vs. Crypto Market w/ Gareth Soloway

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Senate on Sunday afternoon passed Democrats’ $750 billion health care, tax and climate bill. The Democrat-controlled House, which is expected to take up the legislation on Friday, August 12, must approve the bill before Biden can sign it into law. The bill claims it will raise over $700 billion in government revenue over 10 years and spend over $430 billion to reduce carbon emissions and extend subsidies for health insurance under the Affordable Care Act and use the rest of the…

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Altcoins Bitcoin News

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Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above the $50 billion mark, but this week the crypto asset’s market valuation is around $​​48.82 billion. Following Tether’s Recent Stablecoin Reduction, USDC’s Market Cap Drops 12% In mid-June, Bitcoin.com News reported on the largest stablecoin asset tether (USDT), as USDT’s saw more than $12…

JPMorgan’s CEO feels threatened by disruption in payment systems: Kevin O’Leary

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JPMorgan Chase’s CEO Jamie Dimon feels threatened by how the crypto space is disrupting the payment systems, stated the Shark Tank host and multi-millionaire venture capitalist Kevin O’Leary speaking at a Converge22 panel on Sept 28.  O’Leary made his remarks after Dimon declared himself as a “major skeptic” on “crypto tokens, which you call currency, like Bitcoin,” referring to them as “decentralized Ponzi schemes” in his testimony to the United States Congress last week. Still on the panel, O’Leary explained that friction is one of the major problems in the…

29/03/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | Bitcoin news today | BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 29/03/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== For business-related inquiries: youtube@bitbns.com ===================== New’s Covered in the Video -Crypto Markets Add $120B in a Day as Bitcoin Explodes to 3-Month High. -Burj Khalifa’s Developer Adopts Bitcoin,…

Genesis director to step down and move into advisory role

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On Wednesday, Matthew Ballensweig, managing director of cryptocurrency broker Genesis, announced via Linkedin that he was formally leaving his post after over five years of tenure. Ballensweig is also the co-head of sales and trading. As told by Ballensweig, he has been transitioning his core responsibilities to a handful of trusted colleagues who will be taking the front-line role.  “I am forever thankful to both Digital Currency Group [Genesis’ parent company] and Genesis for giving me the opportunity to build a capital markets business from the ground up. We built…

Bitcoin Reverses Course Again, Trades Towards 20-Day Moving Average

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Bitcoin’s (BTC) price rose 2.4% on Wednesday on above-average volume compared with its 20-day moving average. Bitcoin started the day in positive territory as traditional U.S. markets opened, logging four consecutive positive candles on its hourly chart. A trading candle represents the open, high, low and close price for an asset during a selected time frame. The largest cryptocurrency by market cap reclaimed the $19,000 price point, but continues to trade below the psychologically important $20,000 mark. Original

US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats

United States Senators Marsha Blackburn and Cynthia Lummis have introduced proposed changes to a 2015 bill that would allow “voluntary information sharing of cyber threat indicators among cryptocurrency companies.” According to a draft bill on amending the Cybersecurity Information Sharing Act of 2015, Blackburn and Lummis suggested U.S. lawmakers allow companies involved with distributed ledger technology or digital assets to report network damage, data breaches, ransomware attacks, and related cybersecurity threats to government officials for possible assistance. Should the bill be signed into law, agencies including the Financial Crimes Enforcement…