Tag: Markets

Experts warn of cryptocurrency crash ahead of interest rate hike

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io There are concerns the price of cryptocurrencies and other digital assets could tank when the Federal Reserve announces hikes to interest rates to offset inflation. Paul Vigna, a reporter with The Wall Street Journal, spoke with CBS News anchors Tanya Rivero and Mola Lenghi about the impact on crypto markets. #News #Cryptocurrency #InterestRate CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News…

Bitcoin: The Beauty of Mathematics (Part 26)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Time for an update on our #Bitcoin: The Beauty of Mathematics series, which is actually an analysis on the total #cryptocurrency market capitalization by comparing it to our fair value logarithmic regression trend line. No model will tell us exactly when/where the entire asset class will peak, but hopefully it gives us some insight into what is realistically possible. Where do you think the price of #Bitcoin is headed? Let me know in the comments! Into The Cryptoverse Premium: LIFETIME OPTION: Alternative…

India’s Central Bank Governor Warns Crypto Market May Crash and Small Investors Will Lose Money – Markets and Prices Bitcoin News

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RBI Governor Shaktikanta Das has warned that the crypto market may crash and small investors will lose money. He added that the central bank believes that its warnings have deterred many people from investing in cryptocurrencies. RBI Governor’s Crypto Warnings The governor of the Indian central bank, the Reserve Bank of India (RBI), Shaktikanta Das, warned about investing in cryptocurrency in an interview with ET Now earlier this week. Noting that the RBI has cautioned investors on several occasions about the risks of investing in crypto, Das said: “I’m happy…

Markets Should Prepare for Persistent Inflation and Continued Rate Hikes

Philadelphia Fed President Patrick Harker told CNBC that the decision on whether to tighten 50 or 75 basis points depends on the next inflation reading on Sept. 13. “I think we have to recognize that a 50 basis point move is still a substantial move, so whether it’s 50 or 75 I can’t say right now, but let’s not think that 50 isn’t a substantial move,” Harker said. Source

East African Single Currency Unlikely to Be Introduced by 2024 – Emerging Markets Bitcoin News

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There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment of Single Regional Currency a Top Priority for the EAC Central banks from an African economic union, the East African Community (EAC) are reportedly unsure if plans to introduce a single currency for the region by the year 2024 will be realized.…

Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes – Emerging Markets Bitcoin News

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Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes of over $325 million during the same period, now ranks as the crypto exchange’s second-largest African market, and fifth overall. Financial Exclusion Driving P2P Bitcoin Traded Volumes According to the latest data from the peer-to-peer crypto exchange platform Paxful, Nigeria’s bitcoin traded volumes in the first half of 2022 nearly topped $400 million. When combined with the $760 million in…

Australia’s markets regulator to prioritize shielding citizens from crypto harm

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Australia’s financial regulator, Australia’s Securities and Investments Commission (ASIC) has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years.  According to ASIC’s newly released “Corporate Plan” released on Aug. 22, the financial regulator said it will be focusing on “digitally enabled misconducts” as “emerging technologies and products change our financial ecosystem” as part of its four-year strategic plan which stretches to 2026.  Joe Longo, chair of ASIC said the regulator would be focusing in particular on scams and crypto-assets. “Our regulatory…

SEC Chairman Says Crypto Should Be Treated Same as Other Capital Markets – Regulation Bitcoin News

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SEC Chairman Gary Gensler says that there is no need to treat the crypto market differently from other capital markets. Noting that “the SEC will serve as the cop on the beat,” Gensler encouraged crypto trading and lending platforms “to come in and talk to SEC staff.” SEC Chairman Gensler on Crypto Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, authored an opinion piece published in the Wall Street Journal Friday on how crypto assets should be regulated. He described: There’s no reason to treat…