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“There are elements of the application that I think have merit, but ultimately, we didn’t come up with a decision,” CFTC Chair Behnam told an event hosted by the Financial Times. “We were actually not even close, because there were more questions and answers,” he added, citing issues of law, policy and risk. Source
Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment. Bitcoin with the most brand awareness, and by a long shot. https://t.co/LqhYPXe3p8 — Stephan Livera (@stephanlivera) November 28, 2022 In the report, while 92% of Australians have heard of cryptocurrencies, Bitcoin enjoys the highest levels of brand awareness. Accordingly, 90.80% of respondents had heard about Bitcoin. Stephan Livera, a popular Bitcoin podcaster from Australia,…
Bitcoin continues to face strong resistance at the $17,000 price ceiling. Over the last 24 hours, Bitcoin lost 2% of its market value. In the past week, BTC has hovered around the same price region. The King Coin has not touched the $17,000 price resistance band in more than two weeks. At the moment, Bitcoin has a bearish bias. The technical outlook pointed towards the buying strength losing steam. It is, however, too early to predict when BTC will bottom out, which could mean that this consolidation phase will be…
Keith Grossman, president of TIME, has left the media firm to join crypto payments infrastructure firm MoonPay. Source
Bitcoin fell to a six-day low to start the week, as the token moved closer to the $16,000 level. The drop sees prices fall for a fifth straight session, with overall sentiment in the cryptocurrency market turning bearish. Ethereum was once again trading below $1,200, after trading above this point in recent days. Bitcoin Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000. BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than…
The analysts also cited the absence of a limit order/stop loss feature on DEXs, their dependency on price oracles that source data from centralized exchanges, vulnerability to hacks, exploits, the need for over-collateralization and systemic risks from the cascade of automated liquidations as hindrances to widespread adoption. Source
After the FTX crash on November 9, Litecoin’s price began a significant upward price movement. Investors continue to remain in profit. However, a downswing could be on the way. This might not necessarily be the end of the bulls just yet. Although LTC is moving south after registering a 7.1% fall on the daily chart, regarding weekly gains, the Litecoin price has held onto its 16% appreciation. The bears have now entered the market and halted the uptrend. A jump above the immediate resistance mark over the next trading session…
Regulatory initiatives are likely to emerge focusing on custody and protection of customers’ digital assets, the unbundling of broker/trading/lending/clearing/custody activities, and transparency and the reporting of reserves, assets and liabilities, the note said. Source
The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the list are Yearn Finance (YFI), Curve Finance (CRV), 0x (ZRX), Decentraland (MANA), 1inch (1INCH), Basic Attention Token (BAT), Enjin (ENJ), Ampleforth (AMPL), DeFi Pulse Index (DPI), RENFIL, Maker (MKR) and xSUSHI. Apart from these, the protocol also suspended the following stablecoins: sUSD, USDP, LUSD, GUSD and RAI. With the assets frozen, users cannot take loans on the assets…