The cryptocurrency market has been losing money for almost a whole year, and while coin values have decreased significantly from November 2021 levels, development and acceptance are still moving forward quickly. Numerous financial services from the traditional banking industry have long claimed that cryptocurrencies are scams that are destined to fail and that they will … Read more
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), two US financial market regulators, are actively clamping down on the cryptocurrency industry. But it’s thought that this crackdown will draw more investors into the market. Tough regulatory action benefits cryptocurrency. It is said that the sector would benefit from the increased … Read more
Investors claim that as the SEC becomes more aggressive, cryptocurrency is becoming more appealing. Market participants report that they are more likely to invest in the field following increased enforcement action by the US Securities and Exchange Commission and other watchdogs who have been looking into crypto’s naughtiest companies. Nearly 60% of the 564 participants … Read more
The Fed (Federal Reserve) continues to pursue a financial tightening strategy despite the US inflation rate’s persistent rise. This month, there was a further 75 basis point rise in interest rates. The US currency and the DXY index, which measures its strength, are supported by the Fed’s policies and the global macroeconomic situation. The DXY … Read more
This week, with more negative economic news for the US and the rest of the world, analysts forecast another rise in cryptocurrency prices. The most recent US Consumer Price Index (CPI) statistics, which was published last week, showed that inflation was 8.2% at the time. Before an unexpected rally on Thursday and Friday, that statistic … Read more
One of the first Democratic senators, John Hickenlooper of Colorado, has openly criticised Gary Gensler, chairman of the U.S. Securities and Exchange Commission, for his cautious attitude to cryptocurrency (SEC). In a letter to Gensler that was originally reported by Punchbowl News, Hickenlooper said that the existing lack of a coordinated regulatory framework causes “uneven … Read more
The release of the US Consumer Price Index (CPI) comes today, and the cryptocurrency community is humming with anticipation and apprehension in equal measure. The crucial statistic is 8.3% from previous month. For traders and investors, any decline in that figure will serve as a buy signal because it shows the Federal Reserve is keeping … Read more
Has the carbon problem genuinely been solved by crypto, or is this just wishful thinking? Since the beginning of time, cryptocurrencies have been portrayed as the villains of fairytale climate stories who abuse ever-increasing power for what seems to be the benefit of a small number of people. Now the story is going in a … Read more
A report titled Digital Asset Financial Stability Risks and Regulation was published by the Financial Stability Oversight Council. They decided to approve the report in order to give policymakers a strong platform on which to reduce the dangers that digital assets pose to the financial system. US Treasury addresses crypto’s regulatory holes and stability risks. … Read more
European Union officials have agreed on the final language of their landmark crypto law, which might open the door for an approach to regulation that covers all of Europe. The entire legislative wording of the Markets in Crypto Assets Regulation (MiCA) was approved during a session of EU ambassadors on Wednesday, according to a letter … Read more