However, cryptos with “effective stabilization mechanisms” qualify for “preferential Group 1b regulatory treatment.” This means stablecoins can be subject to “capital requirements based on the risk weights of underlying exposures as set out in the existing Basel Framework,” instead of the tougher requirements set for bitcoin and the like. Source
A crypto analyst has revealed what seems to be one of the most uncanny similarities in two separate Bitcoin charts. The two charts taken from 2020 and 2023 show a very similar price trend, and the most important part is what happens if Bitcoin continues to follow this trend. Bitcoin Charts From 2020 And 2023 Compared Pseudonymous crypto analyst Crypto El Presidente first shared his comparison of two Bitcoin charts back on December 1. In this initial post on X (formerly Twitter), the analyst revealed that the current market movements…
The Philippines Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that a ban on Binance would come into effect three months after its advisory was issued. According to a report from local news BitPinas, Lee said there has been a lot of confusion on the internet about the ban after regulators issued an advisory to the cryptocurrency exchange for operating without a license on Nov. 28. He was asked to clarify the matter and that the ban was “supposed to be three months from…
“This enforcement action further emphasizes the importance for virtual currency companies and those involved in emerging technologies to incorporate risk-based sanctions compliance into their business functions, especially when the companies seek to offer financial services to a global customer base,” OFAC said in a media release. Source BitcoincryptoexchangeExchanges CryptoX Portal
JPMorgan chosen Amazon and Alphabet stocks as the most probable front-runners for 2024. As 2024 is just around the corner, investors are looking forward to getting predictions from experts. JPMorgan believes that tech stocks are going to get a good year. In a recent note, JPMorgan experts highlighted that Amazon and Alphabet would be the probable front-runners for 2024. Amazon.com Inc’s (NASDAQ: AMZN) revenue is expected to grow by 13% in comparison with 2023. The price target for AMZN will be around $190 which indicates a gain of 29% from…
Bitcoin (BTC) is displaying fresh bull run signals as BTC price strength produces 7% daily gains. BTC/USD 1-hour chart. Source: TradingView BTC price bounces after snap sell-off Data from Cointelegraph Markets Pro and TradingView hints that upside momentum may continue as on-chain metrics reset. Bitcoin “needed to cool off” after hitting $44,000 this month, analysis believes, and after a trip to near $40,000, conditions are improving. In a post on X (formerly Twitter) on Dec. 13, Philip Swift, creator of statistics resource Look Into Bitcoin, showed profit-taking surging as BTC/USD…
Another spot Bitcoin (BTC) ETF from Bitwise (BITB) has appeared on the website of the clearing and settlement company Depository Trust & Clearing Corporation (DTCC). The spot Bitcoin ETF was listed by DTCC, which is in charge if clearing trades. It provides post-trade clearance, settlement, custody and information services for stocks, exchange-traded funds and other products, according to NASDAQ. Source: DTCC Listing on DTCC is part of the process of bringing an ETF to market. Typically, the DTCC list includes active and potential ETFs. Prior to this, Fidelity’s Wise Origin Spot…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Celestia surges 29% in a week Cardano rakes in 41% in a week Rebel Satoshi presale ongoing Celestia (TIA) and Cardano (ADA) have recorded notable gains since the start of December. However, investors are increasingly asking whether they will maintain these gains and continue trending upward in 2024. Meanwhile, the presale for Rebel Satoshi (RBLZ), an upcoming meme coin, is ongoing. Celestia jumps 29% in a week Celestia has…
“The Cronos zkEVM testnet represents an opportunity for Cronos Labs and our partners, including VVS, Fulcrom and Veno, to experiment with ZK layer 2 technology in order to prepare the next phase of growth starting in 2024,” Ken Timsit, managing director of Cronos Labs, said in a press release seen by CoinDesk. Source
While there has been some improvement in decentralized finance (DeFi) activity, the “biggest disappointment continues to be the inability of DeFi to encroach into the traditional financial system, which is necessary for the crypto ecosystem to transition from crypto native to real world applications,” the report added. Source