Tag: Call

Did Top Three Bitcoin Addresses Just Call Another Local Bottom?

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The buying pattern of bitcoin whales has long been an indicator for coming market movement. While it may not happen everything, the fact remains that these top addresses control enough of the supply between them to have significant impacts on the price. This is evident in past movements coinciding with major price shifts and once again, these whales have gone on another accumulation trend that could be the start of another bull rally. Bitcoin Addresses With 100K Accumulated The bitcoin addresses that hold more than 100K on their balances are…

Crypto Advocates Push Back on Sweden’s Call for EU Mining Ban

“I think this is a weak argument. It is like saying: If we don’t make it – weapons, drugs, child pornography, crypto mining, whatever – somebody else will, so we might as well do it,” Overland said. “Norway uses this argument a lot about its oil, claiming that it is cleaner than other oil and that it is better if oil is produced by a democracy than authoritarian countries. From a climate perspective, this argument makes little sense.” Source

El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender – Regulation Bitcoin News

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El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.” El Salvador Says No to IMF on Bitcoin The government of El Salvador has rejected a recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender in the country. The IMF urged El Salvador last week to drop bitcoin’s use as legal tender and dissolve Fidebitcoin, the $150 million…

Bitcoin Price Rises As El Salvador Rejects IMF Call To Ditch BTC

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Bitcoin started rising with the news El Salvador rejected the IMF request to drain BTC as a currency. In response, Bitcoin grew to a 14-day high price level, adding more than a quarter trillion US dollars into the crypto market. Price tendency follows the pathetic month for cryptocurrency since March 2020. At that time, Bitcoin reached a price level of $5,000 due to panic selling off after the Covid-19 pandemic threat. After that, Bitcoin raised and achieved its all-time high price level of $69,000 in November 2021.  But soon after…

Vladimir Putin Offers Hope for Crypto in Face of Central Bank Call for Ban

Russian President Vladimir Putin has called for a consensus between his country’s government and central bank following the latter’s recent call for an outright ban on crypto. Speaking in a video conference with government ministers on Wednesday, Putin asked for “some kind of unanimous opinion” between his government and the Bank of Russia to be formed via discussions in the near future. Russia’s central bank called for a complete ban on crypto in a report last week, citing its volatility and use for illegal activities. The Bank of Russia’s crypto…

Russia's Finance Ministry Opposes Central Bank Call for Crypto Ban

Russia needs to regulate cryptocurrencies, not ban them, according to the head of the financial policy department at Russia’s Ministry of Finance, Ivan Chebeskov. Chebeskov said the ministry opposes the stance of the Bank of Russia, which earlier this month issued a report calling for a full ban on cryptocurrency trading and mining. Chebeskov spoke during a conference on cryptocurrencies held by Russian publication RBK on Tuesday. “We need to regulate, not ban,” Chebeskov said “Regulation is sufficient to protect our citizens.” The Ministry of Finance has prepared a set…

House members call for an end to lawmakers trading stocks — is crypto next?

Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support. In a Monday letter addressed to Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, 27 members of the U.S. House of Representatives called for action “to prohibit members of Congress from owning or trading stocks.” Among the bipartisan group of lawmakers who signed onto the letter was Illinois congressperson Bill Foster, who is also a member of the Congressional Blockchain…

Regulator Reiterates Call for EU Ban on Proof-of-Work Mining – Mining Bitcoin News

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The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says. Bitcoin Mining Now Attacked in EU for Burning Too Much Renewable Energy A high-ranking financial regulator has reiterated a call for an EU-wide ban on cryptocurrency mining based on the proof-of-work concept. The power-hungry model employed in the minting of major cryptocurrencies like bitcoin…

Ether Call Demand Signals Anticipation of Year-End Rally

Institution-focused over-the-counter desk Paradigm saw 18,500 contracts of the $4,400 call option and 14,000 contracts of the $4,200 call option change hands during Asian hours. These trades due for expiry on Dec. 31 were executed on Paradigm and booked on Deribit, the leading exchange for cryptocurrency options by volume and open interest. Source

BIS Exec Says Defi Is a ‘Wake-up Call’ for Regulators, Global Crypto Policy Expected in 2022 – Regulation Bitcoin News

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A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call” for financial regulators, he said countries “are likely to agree on a global framework for crypto next year.” BIS Officer Sees Defi as a Wake-up Call for Regulators, Global Policy Expected Next Year Benoît Cœuré, a member of the BIS Executive Committee who is currently head of the BIS Innovation Hub, talked about cryptocurrency, global regulation, and decentralized finance (defi)…