Monthly Archives: December 2021

The IMF: Global Regulation, Licensing For Bitcoin, And Capital Requirements

A recent blog post from the International Monetary Fund appears to show their distaste for cryptocurrencies and lack of education in this sector. The International Monetary Fund stated in their blog that “financial stability risks could soon become systemic in some countries.” In this discussion of “crypto assets” and “associated products,” the IMF stated their opinions on the stability of the markets, the establishment of global oversight to take the reins where nation-states are failing to halt the progress of the rising asset class, licensing, and authorization […]

More info

SEC Commissioner: The U.S. Doesn’t Need A New Bitcoin Regulator

Hester Peirce also said she doesn’t understand why a bitcoin spot ETF hasn’t yet been approved, adding the reasoning to deny is outdated. Having an exclusive regulator oversee cryptocurrency developments in the U.S. might not be the best strategy, according to Securities and Exchange Commission (SEC) Commissioner Hester Peirce. She told CoinDesk TV in a Thursday interview that the SEC has adapted to new technologies over the years, and it shouldn’t be different with crypto. “I have a couple of problems with it,” Peirce said. “Typically in […]

More info

Crypto Biz: The blockchain revolution will cast aside the skeptics, Dec. 23-30

Although crypto prices didn’t live up to their lofty expectations in 2021, the outlook on the blockchain economy is as strong as ever. From a price perspective, the cryptocurrency market is ending 2021 with a whimper as Bitcoin (BTC), Ether (ETH) and other digital assets continue to trade well below their prior peaks. But the business of blockchain and crypto is heating up, as evidenced by the arrival of institutional capital and the flood of venture funding into the space. According to Nischal Shetty, CEO of India’s […]

More info

Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close

BTC price retests the recent lows at $46,000 as institutions appear to be “selling for tax reasons” while $52,000 remains a major hurdle in the path higher. 2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pinned below $48,000, much to the chagrin of the cadre of folks who had been calling for a $100,000 BTC moonshot.  Data from Cointelegraph Markets Pro and TradingView shows that the past 24 hours have […]

More info

SEC chair has a new senior adviser for crypto

Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee. United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice related to crypto policymaking and interagency work.  In a Thursday announcement, the SEC said Corey Frayer would be joining Gensler’s executive staff as a senior adviser on the agency’s oversight of cryptocurrencies. Frayer has worked as a professional […]

More info

Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy

This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December 30, 2021, there’s roughly 78.2 billion tether (USDT) in circulation, according to coingecko.com’s top stablecoin by market capitalization statistics. According to Tether Limited’s transparency report published to the tether.to web portal, there’s […]

More info

MicroStrategy Adds 1,914 Bitcoin To Its Holdings

The software intelligence firm headed by Bitcoin bull Michael Saylor bought bitcoin once again in a $94 million investment. MicroStrategy bought bitcoin yet again, the third big purchase in one month. The software company acquired 1,914 BTC for $94.2 million. Saylor’s firm now holds about 124,391 bitcoin, the largest bitcoin holding among corporations worldwide. Software intelligence company MicroStrategy has “bought the dip” yet again, adding 1,914 bitcoin to its holdings at an average price of $49,229 per BTC. The company now holds 124,391 bitcoin, the largest corporate […]

More info

Kevin O’Leary says his crypto holdings could reach 20% of portfolio

Clearer regulations around stablecoins could make crypto a more viable investment option, according to the Shark Tank star. Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins.  O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused on U.S. dollar-pegged stablecoins, which he sees as an […]

More info

Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading

Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan Government Blocks Cards Used to Buy Cryptocurrency, Media Reveals Bank accounts in the names of 1,064 individuals have been frozen by Pakistan’s Federal Investigation Agency (FIA). The law enforcement authority acted on request from the Cyber Crime Reporting Center (CCRC) in Islamabad, the Pakistan Observer […]

More info

Frax Share, Swipe and Gnosis lead the altcoin market as Bitcoin recovers to $47.5k

Data from Cointelegraph Markets Pro shows FXS, SXP and GNO posting double-digit gains as BTC bulls look to recover support at $47,500. Volatility is once again the major theme across the cryptocurrency market on Dec. 30 as the price of Bitcoin (BTC) bounced back from an early morning dip below $46,000 with bulls now battling bears for control of support near $47,500.  The altcoin market has likewise been a mixed bag of results on Thursday, with many of the coins in the top 200 seeing slight losses […]

More info
1 2 3 4