Tag: Markets

SEC approves BSTX for blockchain settlements on traditional markets

The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange.  BSTX was launched jointly by BOX and Overstock’s blockchain arm tZERO, originally seeking approval for launching publicly-traded registered security tokens. However, the SEC approval to operate as a national securities exchange allows BSTX to use blockchain technology for faster settlements in traditional markets. According to the SEC, “The Commission notes that the [BSTX] Exchange’s current proposal does…

Finder’s Experts Predict Bitcoin Will Peak at $94K This Year – Markets and Prices Bitcoin News

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Finder’s panel of 33 fintech specialists has forecasted that the price of bitcoin will peak at about $94K before ending the year above $76K. In addition, the panel expects the price of the cryptocurrency to reach $192,800 in 2025 and $406,400 in 2030. Finder’s Experts Predict BTC Price for 2022, 2025, and 2030 Finder, a major product comparison website, published an updated bitcoin price prediction Wednesday for 2022 by “Finder’s panel of 33 fintech specialists.” According to the panel’s BTC price forecasts: Bitcoin (BTC) is expected to peak at US$93,717…

Total Cryptocurrency Market Capitalization Risk Metric | How I Navigate Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Using risk metrics like the one for the total cryptocurrency asset class and for Bitcoin are the primary ways that I navigate the cryptocurrency market. While we can discuss cycle theory for years, at the end of the day I just stick to the risk levels. It was the risk levels that told me the crypto asset class was too far extended earlier this year, and I will continue to use it in the future as well. This video at least provides…

Bitcoin On-Chain Analysis: HODL Waves

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Reading from the bottom of the chart up, the red colored bands show the percent of supply that has been active relatively recently, ranging from less than a day to 90-180 days. The “1-7 Days” band is the percent of total supply that’s been held for at least 1 day but less than 7 days, “7-30 Days” is the percent of supply that’s been held for at least 7 days but less than 30 days, and so on. Conversely, reading from the…

Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets

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Bitcoin (BTC) price continues to flash mixed signals, raising uncertainty among investors and negatively impacting asset prices across the market. Data from Cointelegraph Markets Pro and TradingView shows BTC price pinned below $36,000 and even though crypto and equities markets underwent a brief relief rally on Jan. 26, comments from the recent FOMC meeting appear to be settling in as investors internalize the fact that interest rate hikes are on the way. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what analysts and traders are saying about Bitcoin’s most…

Measuring the Extended Crypto Market Downturn Against Prior Bear Markets – Featured Bitcoin News

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The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can be said for a great number of digital currencies as the so-called crypto bear market has lasted 78 days so far. 78 Days Into the Current Downturn, Crypto Supporters Question How Long the Bear Market Will Last At the time of writing, a great number of crypto proponents are wondering whether or not the current…

TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx – Markets and Prices Bitcoin News

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While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time high (ATH), and OHM is down over 95% since it’s own ATH. Furthermore, the Wonderland project is surrounded by controversy as it’s been assumed that one of the founding members was a former Quadrigacx employee. Rebase Token Economy Drops From $3.2 Billion to $1.74…

Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements – Economics Bitcoin News

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Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee “is of a mind to raise the federal funds rate at the March meeting.” Powell’s statements following the meeting, alongside discussions of reducing the balance sheet, were viewed as hawkish among investors and global markets…

Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators – Emerging Markets Bitcoin News

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The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention Cryptocurrencies As Nigerian lawmakers debate a bill that proposes a ten-year jail term for operators of Ponzi schemes, a leader of a Nigerian blockchain lobby group, Senator Ihenyen, has urged the country’s lawmakers to consider crafting a law to govern the cryptocurrency industry. He argued that an “unregulated crypto space…