Day: October 20, 2022

Onecoin Cryptoqueen Associates Appear in German Court – Bitcoin News

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Three people are facing trial in Germany for their roles in one of the crypto world’s most infamous scams, Onecoin. The defendants are accused of fraud, among other crimes, allegedly committed as they assisted the pyramid scheme’s mastermind, ‘Cryptoqueen’ Ruja Ignatova, who is still on the run. Lawyer and Couple Face Criminal Allegations in Germany Over Roles in Onecoin Scam A husband and wife as well as an attorney from Munich are now among the first people in Europe to face criminal charges over their participation in the Onecoin crypto…

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XRP Price Rejected At $0.48, What’s Next For XRP?

XRP price has met with selling pressure each time the bulls tried to move past the $0.48 price level. XRP declined by almost 1% over the last 24 hours. Over the past week, the altcoin depreciated more than 6%. The bulls could be back on the chart if the coin breaks past its immediate resistance level. The technical outlook for XRP signalled that the bears are in control as demand for XRP had fallen. For the bulls to power through, it is important that demand for the altcoin returns to…

Crypto needs to self-regulate before governments crack down

Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature.  Months after the collapse of the Terra ecosystem that propelled crypto’s market capitalization below $1 trillion, the industry is beginning the long process of rebuilding not only retail trust but also faith in itself. Current market conditions are in part due to structural weaknesses in smart contracts, models and governance processes. This is made evident by the many hacks and exploits that have taken place this year and…

Government crackdowns are coming unless crypto starts self-policing

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Self-regulation will be critical in governing the rapidly changing landscape of the cryptocurrency industry in order to preserve its autonomous, decentralized nature.  Months after the collapse of the Terra ecosystem that propelled crypto’s market capitalization below $1 trillion, the industry is beginning the long process of rebuilding not only retail trust but also faith in itself. Current market conditions are in part due to structural weaknesses in smart contracts, models and governance processes. This is made evident by the many hacks and exploits that have taken place this year and…

Bitcoin Dull as Drama (Not the Kind You Want) Comes to Axie

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● CoinDesk Market Index (CMI): 925.80 −1.3% ● Bitcoin (BTC): $19,043 −0.7% ● Ether (ETH): $1,284 −0.7% ● S&P 500 daily close: 3,665.78 −0.8% ● Gold: $1,632 per troy ounce +0.3% ● Ten-year Treasury yield daily close: 4.23% +0.1 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

CRYPTO NEWS – Flat is on Crypto Market – Bitcoin Price Around $19K – Market is in Red Daily

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CRYPTO NEWS – Flat is on Crypto Market – Bitcoin Price Around $19K – Market is in Red Daily Intro: (0:00) Market is in Red Daily (1:11) Flat is on Crypto Market: (1:15) Crypto News: (2:12) Bitcoin Price Around $19K: (3:41) Ethereum Price: (4:15) Outro: (07:57) Data from Cointelegraph Markets Pro and TradingView showed BTC/USD taking aim at $19,500 after starting the month flat. The largest cryptocurrency reacted positively to lower than expected United States manufacturing data, while in Europe, market turmoil…

Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments

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Acting United States Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg spoke Oct. 20 about possible applications of stablecoins and the FDIC’s approach to banks considering engaging in crypto asset-related activities. Although he saw no evidence of their value, Gruenberg conceded that payment stablecoins merit further consideration. Gruenberg began his talk at the Brookings Institute with an expression of frustration seemingly common among many regulators: “As soon as the risks of some crypto-assets come into sharper focus, either the underlying technology shifts or the use case or business model of…

Solana (SOL) Breaks Below $30 Support; Have Bulls Given Up So Soon?

SOL’s price struggles to hold above key support as price trades below the region of interest for more uptrend.  SOL continues to struggle as prices get rejected in a downtrend price movement after losing support to bears.  The price of SOL trades below $30 first the first time after a while as the price continues its movement below 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  The price of Solana (SOL) hasn’t looked as strong as it should, as the price lost its key support and has…