It has been 111 days since Bitcoin (BTC) posted a close above $25,000 and this led some investors to feel less confident that the asset had found a confirmed bottom. For the time being, global financial markets remain unsettled by heightened tensions in Ukraine following this week’s Nord Stream gas pipeline incident. The Bank of England’s emergency intervention in government bond markets on September 28 also shed some light on the extreme fragility of fund managers and financial institutions at the moment. The move marked a radical change from the previous intention to tighten economies due to rising inflationary pressures.…
Author: Matthew
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The Cointelegraph reporter Joseph Hall visited the country of Gibraltar to explore the adoption of Bitcoin in The Rock, how the peninsula is known locally, and how the adoption of Bitcoin for purchases in the territory is impacting business. The visit was also an opportunity to visit Xapo Bank, the world’s first private financial institution to combine traditional banking with Bitcoin. Coinbase acquired its custody business in 2019, making the US exchange the largest cryptocurrency custodian in the world. The British Overseas Territory of Gibraltar is known for its pioneering cryptocurrency regulations, support for the development of Blockchain technology and…
The Crypto Market Integrity Coalition (CMIC) announced the addition of eight new members, the organization announced on Sept. 29. The organization now has 38 members. CMIC members are committed to maintaining the integrity and efficiency of the market, which, according to the organization, “gives a unified voice to the cryptocurrency sector”: “It gives a unified voice to the cryptocurrency industry’s commitment to continually improve market integrity and collaboration with regulators.” According to its statement, the CMIC is also developing market integrity training for digital asset markets to help compliance professionals counter manipulation. The new members of the CMIC are digital…
The representative from North Carolina, Patrick McHenry, he may have used his virtual appearance at a cryptocurrency conference as a means of asking for a vote in the 2022 US midterm elections. In a pre-recorded message to attendees of the Converge22 conference, held in San Francisco on September 29, McHenry suggested that the goal of a “clear regulatory framework” for digital assets could prompt US lawmakers to develop legislation. The Republican lawmaker used terms like “bipartisan consensus” and support from both major political parties on certain regulatory frameworks related to digital assets and stablecoins before apparently encouraging crypto users to…
The United States Securities and Exchange Commission, or SEC, has announced the filing of charges against Hydrogen Technology Corporation and its broker Moonwalkers Trading Limited in connection with the alleged perpetration of a scheme to manipulate the trading volume and price of Hydro tokens. In a September 28 announcement, The SEC said former Hydrogen CEO Michael Ross Kane hired Moonwalkers and its CEO Tyler Ostern “to create the false appearance of robust market activity” following the distribution of Hydro tokens via an airdrop, rewards programs and direct sales in 2018. Kane then had Moonwalkers sell the tokens on the “artificially…
Meta, the parent company of Facebook and Instagram, announced another breakthrough in its digital arts initiative. As of September 29, users from 100 countries of both platforms can connect wallets and share non-fungible tokens (NFTs). As part of the feature, which has been testing since May, users will be able to tag creators and collectors, and post digital collectibles across platforms without having to pay any fees. Everyone on @instagram and @Facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries. Creators like artist Lívia Elektra are sharing their #NFTs on…
The two-year research phase of the European Central Bank’s (ECB) digital euro project has reached its halfway point. The ECB published a status report on September 29, reviewing the design and policy issues that are under consideration or have been decided. The report notes that brick-and-mortar and online commerce is the largest use case for a euro central bank digital currency (CBDC). Currently, most digital payment solutions are limited in scope and not of European origin. Therefore, a digital euro could harmonize payment solutions and strengthen Europe’s strategic autonomy in accordance with political objectives. According to the report: “A digital…
In all tradable markets and currencies, US Treasuries—government bonds—have significant influence. in finance, Any measure of risk is relative, that is, if a home is insured, the maximum liability is fixed in some form of money. Similarly, if a loan is requested from a bank, the creditor has to calculate the probability that the money will not be repaid and the risk that the amount will be devalued by inflation. In the worst case, imagine what would happen to the costs associated with issuing debt if the US government temporarily suspended payments to certain regions or countries. Currently, there is…
The FLOW blockchain platform token designed for Web3 applications is the big winner today, Thursday, September 29, 2022, with an increase of more than six percentage points according to the daily ranking generated by Coinmarketcap on the performance of assets in the crypto market. According to information from the leading market price indicator, FLOW token accumulates profits in the last 24 hours of up to +6.28% to trade at USD 1.73 each token. The increase in the price of the token coincides with the launch on the FLOW blockchain network of the NFT Launchpad Touchstone, a tool that allows you…