Glenn Williams Jr. examines what politicians are saying about crypto regulation in Washington, D.C. Then, Jodie Gunzberg, managing director of CoinDesk Indices, talks about the crypto sectors that continue to thrive despite the regulatory crackdown. Source
Day: February 22, 2023
Bitcoin must leverage $1T central bank liquidity to beat sellers — research
Bitcoin (BTC) hodlers need to watch the central banks of China and Japan as well as the United States as BTC/USD battles “huge” resistance. That was the opinion of trading firm QCP Capital, which in its latest crypto market research piece, “The Crypto Circular,” warned that Bitcoin faces risks far beyond the Federal Reserve. Bitcoin “most direct global liquidity proxy” Having survived the latest flood of macroeconomic data from the U.S., Bitcoin is nonetheless flagging right below $25,000 as bulls run out of momentum. For QCP Capital, there is now…
US lawmaker introduces bill aimed at limiting Fed’s authority on digital dollar
Minnesota Representative Tom Emmer has introduced legislation in the United States House of Representatives that could limit the Federal Reserve from issuing a central bank digital currency, or CBDC. In a Feb. 22 announcement, Representative Emmer said he had introduced the ‘CBDC Anti-Surveillance State Act’ in an apparent effort to protect Americans’ right to financial privacy. According to the Minnesota lawmaker, the bill could prohibit the Fed from issuing a digital dollar “directly to anyone”, bar the central bank from implementing monetary policy based on a CBDC, and require transparency…
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Voyager’s Binance US Sale Plan ‘Full Steam Ahead,’ Counsel Says
A vast majority of Voyager’s creditors are voting in favor of a plan to sell assets to Binance US, a New York court was told today. Source
A Day in the Life of a Dev: Ethereum’s Justin Florentine
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How to trade bull and bear flag patterns?
In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend continuation indicators. There are two types of flag patterns: bull flag and bear flag. While their outcomes are different, each flag exhibits five key characteristics, as listed below: The strong preceding trend (flagpole or pole) The consolidation channel (the flag itself) The trading volume pattern A breakout A confirmation of the price moving in the direction of its previous trend. In this article, we…
Developer Activity Shows Healthy Growth of the Crypto Space
The trope of developers continuously building even during a bear market rings true in 2023. Source
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Bitcoin Volatility Holds Steady as the VIX and MOVE Spike
Bitcoin’s relative stability is reflective of mainstream disinterest in the crypto market, one observer said. Original