A popular crypto strategist is issuing a warning to investors and traders of Ethereum (ETH) competitor Solana (SOL). Crypto analyst Justin Bennett tells his 101,900 Twitter followers that Solana has broken down from its diagonal support after an upside fakeout and now appears headed to lower levels. “Markets got choppy over the weekend as expected, …
Monthly archives: July 2022
Climate Change To Force Bitcoin Ban and Carbon Taxes on Crypto Transactions, Says ECB Official
A new report from the European Central Bank (ECB) finds that climate change may force carbon taxes on crypto transactions as well as a ban on mining proof-of-work assets like Bitcoin (BTC). The report finds that since authorities in the EU decided to heavily regulate gasoline vehicles as a means of cutting back greenhouse gas …
China’s central bank to expand deployment of e-CNY
According to China’s state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People’s Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country from 11 to 23. They are spread out across 15 out of 31 of China’s provinces …
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US Senate confirms Michael Barr as Fed vice chair for supervision
The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve. In a 66-28 vote on the Senate floor on Wednesday, U.S. lawmakers confirmed Barr as vice chair for supervision of the Federal Reserve System for four years, filling the last …
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BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO), applies the Principles for Financial Market Infrastructures (PFMI) …
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Bitcoin Price Prediction for Today, July 13: BTC Gets Ready to Hit $22,000 Resistance
As the Bitcoin price prediction shoots above $19,500, the bulls are ready to push the king coin to cross the resistance level of $20,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,871 Bitcoin market cap – $379.7 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – …
Ethereum Merge will not reduce gas fees, DeFi researcher says
DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of …
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JPMorgan loses 3 executives to crypto industry jobs
Three executives of JPMorgan, Eric Wragge, Samir Shah, and Puja Samuel, left the financial giant last week for jobs in the crypto industry. JP Morgan, the most powerful bank in the world, the bank that influences governments around the world, lost three Executives to the crypto industry this week. Why would they leave? Because crypto …
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Celsius unlocks another $195 million in collateral after paying off debt to Compound
Cryptocurrency lender Celsius Network, which had to halt withdrawals on June 13 due to liquidity issues, has fully paid off its debt of over $50 million worth of DAI to decentralized finance (DeFi) protocol Compound on July 13, according to on-chain data. The repayment was made in two transactions. In the first transaction, Celsius transferred …
Ocean Protocol: Building a data economy that’s good for society
Data monetization has been a hot topic in the tech industry for the past decade. Ocean Protocol is an open-source project that aims to return the control of data into the hands of those that create it. Speaking to Cryptonites’ Alex Fazel at the Paris Blockchain Week, Ocean Protocol’s co-founder Bruce Pon reflected on his …
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Vermont joins multistate investigation into Celsius
Vermont has opened investigations into Celsius Network while warning residents to be wary of investing in more CEL tokens. Vermont’s Department of Financial Regulation (DFR) said Celsius is “deeply insolvent” and accused it of mismanaging its customers’ funds. “Celsius is deeply insolvent and lacks the assets and liquidity to honor its obligations to account holders …
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Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected …
Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the …
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak. US …
Here’s When Bitcoin (BTC) Could Bottom Out Amid ‘Tremendously Oversold’ Reading: Top Crypto Strategist
A popular crypto analyst is predicting when Bitcoin (BTC) could bottom out based on BTC’s performance during the 2015 and 2018 bear markets. Pseudonymous crypto strategist Rekt Capital tells his 322,100 Twitter followers he believes Bitcoin will continue to trade in a choppy environment despite flashing oversold signals. “This sort of uneventful BTC price action …