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motleybloggers · 1 year
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Cardano Swimming In Risky Waters | My Approach To ADA Accumulation
Cardano Swimming In Risky Waters | My Approach To ADA Accumulation
https://www.youtube.com/watch?v=k3-Vt78iBEI URGENT NOTE: I'd like to make a specific note that this is my approach to Cardano right now. This is how I see the charts. The plan I have today may change in the future according to circumstances of all kinds. There is no telling whether or not crypto will fall, but the could be a Cardano crash pending. If ADA were to fall, I would like to have a plan. As of now this is my plan with Cardano today. This plan could change at any given time, but if ADA price were to fall, I think there are 3 key levels that could present good opportunity in the long term. 🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰ *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol. *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity. Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out. #cardano #crypto #ada #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin
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motleybloggers · 1 year
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Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ requests whenever FTX applied for a license in different jurisdictions.
Kevin O’Leary Shares Why He Thinks FTX Failed With U.S. Senators
Shark Tank star Kevin O’Leary shared why he thinks crypto exchange FTX collapsed in a congressional hearing, titled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers,” before the Senate Committee on Banking, Housing, and Urban Affairs on Wednesday.
Senator Pat Toomey (R-PA) asked O’Leary, “Why do you believe FTX failed?”
Mr. Wonderful replied, “I have an opinion. I don’t have the records.” He proceeded to convey what former FTX CEO Sam Bankman-Fried (SBF) told him after the Shark Tank star noticed that funds disappeared from his FTX accounts. O’Leary told Congress:
After my accounts were stripped of all of their assets and all of the accounting and trade information, I couldn’t get answers from any of the executives in the firm, so I simply called Sam Bankman-Fried and said, ‘Where is the money, Sam?’
SBF told O’Leary that he “no longer knew” as he has been “refused access to the servers.” O’Leary then told the Senate committee, “This is a simple case in my mind of ‘where did the money go?'”
During their phone conversation, the Shark Tank star asked Bankman-Fried to explain how he used the proceeds from FTX’s assets over the past 24 months. That’s when O’Leary learned about a transaction worth about $2 billion to $3 billion to repurchase FTX shares from Binance.
“I didn’t know this at the time, but at some point, CZ [Changpeng Zhao], who runs Binance, purchased 20% ownership in Sam Bankman-Fried’s firm for seed stock,” O’Leary told senators. Mr. Wonderful then asked SBF why he had to buy back shares from CZ: “What would compel you to do that? Why wouldn’t you keep your assets on the balance sheet?”
Citing Bankman-Fried, Mr. Wonderful explained that every time FTX applied for a license in different jurisdictions, CZ and Binance “would not comply with the regulators’ requests to provide the data that would clear [FTX] for a license.”
O’Leary stressed that FTX spending about $3 billion to buy shares back from Binance “stripped [its] balance sheet of assets.” He detailed: “In my view, my personal opinion, these two behemoths that own the unrelated market together, and grew these incredible businesses in terms of growth, were at war with each other.” The Shark Tank star concluded:
One put the other out of business intentionally. Maybe there’s nothing wrong with that … but Binance is a massive unregulated global monopoly now. They put FTX out of business
“Now, lots of other reasons, I am sure, but that is my personal opinion,” O’Leary clarified without mentioning fraud or any other charges brought against FTX and Bankman-Fried by the U.S. government and regulators this week.
O’Leary recently revealed that FTX paid him $15 million to become its spokesperson. Following the collapse of FTX, Mr. Wonderful has maintained that Bankman-Fried is among the best traders in the crypto space and he would back him again if he has another venture. The Shark Tank star also said he almost secured $8 billion to save the troubled crypto exchange from bankruptcy. The former FTX CEO has been arrested and denied bail in the Bahamas.
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What do you think about the comments by Kevin O’Leary about FTX and Binance? Let us know in the comments section below.
Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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motleybloggers · 1 year
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Biggest Movers: AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data
Biggest Movers: AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data
Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October’s reading of 7.7%. Litecoin also rebounded on the data, rising by over 6%.
Avalanche (AVAX)
Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
AVAX/USD – Daily Chart
Today’s rise saw avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
Litecoin (LTC)
Litecoin (LTC) also rose in today’s session, with the token rebounding from its losses to start the week.
Following a drop to $73.52, which was the lowest level LTC/USD had hit since November 29, the token raced to a high of $79.52 earlier today.
This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00.
LTC/USD – Daily Chart
Looking at the chart, today’s bullish momentum comes as the RSI bounced from a floor of 55.50, and it is now nearing a ceiling of 61.50.
This move has also sent the 10-day (red) moving average higher, a day after it appeared to be certainly heading for a downwards trend.
What happens on Wednesday with the U.S. Federal Reserve will now dictate how cryptocurrency prices will move during the run-up to the Christmas period.
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Could we see further surges in avalanche following tomorrow’s Fed meeting? Let us know your thoughts in the comments.
Eliman Dambell
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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motleybloggers · 1 year
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Cardano MACRO REVERSAL Draws Near | XRP Prediction (Watch CLOSELY!)
Cardano MACRO REVERSAL Draws Near | XRP Prediction (Watch CLOSELY!)
https://www.youtube.com/watch?v=TWi-b9uRBdo Rumors swirl surrounding thr Ripple SEC case and xrp predictions also come into play. Cardano has been in a massive downtrend on the ADA charts, and momentum as it applies to physics might be the best picture we have into what is in store for ADA price. JOIN Crypto Capital Venture EXCLUSIVE Content ⚡⚡https://cryptocapitalventure.substack.com⚡⚡ 🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ Get Great Deal On TradingView subscription (the charts I use) USE MY LINK! - https://www.tradingview.com/?aff_id=114269 Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰ *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol. *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity. Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out. #crypto #bitcoin #btc #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin
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motleybloggers · 1 year
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Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer new users.
U.S. Leads by Number of CEX Users, Turkey and Japan Are Also in the Top in Terms of Traffic
The U.S., South Korea and Russia together account for 22% of all visits to centralized exchanges (CEX) for cryptocurrencies, according to the 2022-2023 “Global Crypto Industry Overview and Trends” annual report produced by Huobi Research. The estimate is based on data from the top 100 CEXs on active users, trading depth, trading volume, and reliability.
With a share exceeding 9%, the United States is the pronounced leader in terms of absolute number of crypto users generating CEX traffic. South Korea, Russia, Turkey, and Japan are next with 7.4%, 6.1%, 5.6% and 3.8%, respectively.
The drivers are different in each case – from high unemployment and housing prices turning young people in South Korea and Japan towards crypto investments, to Western sanctions for Russians and hyperinflation for Turks.
The authors insist that “centralized exchanges are vital in the cryptocurrency market. These exchanges are usually user friendly and many crypto novices start with them.” They also point out that most of the users and liquidity in the crypto market are aggregated in centralized exchanges.
However, the findings come in the aftermath of the crash of FTX, one of the largest CEXs which filed for bankruptcy protection on Nov. 11 amid liquidity issues. The researchers call it “the incident of the year since entering the current bear market” and note it is part of a series, also including the collapse of Terra and the bankruptcy of 3AC.
The study further reveals that the overall market size of CEXs declined more significantly in 2022 in comparison with the previous year. The number of unique visitors decreased by 24%. “The continuous gloomy market condition and the depreciating assets are both depressing existing users,” the report elaborates. At the same time, new user growth declined to 25 million from 194 million in 2021.
Regulations for Centralized Exchanges Tighten in Key Jurisdictions Around the World
Huobi Research also notes that regulations on centralized cryptocurrency exchanges are tightening globally after the FTX bankruptcy, including for on-chain activities, and that regulators may oblige CEXs to publicize proof of funds or require that they maintain an amount of funds in reserve.
This year, U.S. president Biden signed an Executive Order on Ensuring Responsible Development of Digital Assets, the EU approved its Markets in Crypto Assets (MiCA) legislation, Russia has been working to expand its legal framework for crypto, and South Korea passed eight related regulations.
Against this backdrop, decentralized finance (defi) has become one of the crypto markets with skyrocketing growth, the author’s highlight. Despite a series of unfavorable incidents in that sector as well, the more experienced defi users remain confident about the recovery and the long-term value of defi.
With almost 32% of the traffic, the U.S. also has the largest share in this segment. Brasil is second, with a little over 5%, followed by several developed countries, unlike the CEX market, namely the U.K., France, Canada, and Germany, which are seeing significant defi traffic.
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Do you think centralized exchanges will continue to play a key role as entry points to the crypto space for novice users? Share your thoughts on the subject in the comments section below.
Lubomir Tassev
Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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motleybloggers · 1 year
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Biggest Movers: UNI Higher, DOGE in Red on Saturday
Biggest Movers: UNI Higher, DOGE in Red on Saturday
Uniswap was in the green to start the weekend, despite cryptocurrency markets mostly consolidating. The token rebounded from losses suffered on Friday, moving closer to a key resistance level in the process. Dogecoin, on the other hand, fell lower on Saturday as traders attempted to find a stable point of support.
Uniswap (UNI)
Uniswap (UNI) was one of Saturday’s notable movers, as prices rebounded from declines suffered the day prior.
After sinking to a bottom of $6.10 on Friday, UNI/USD marginally rebounded, climbing to a high of $6.27 in the process.
As a result of this, the token moved closer to a key resistance level of $6.35, which was last hit December 5.
UNI/USD – Daily Chart
In order to recapture this point, UNI bulls will first need to rise beyond a ceiling of 56.70 on the relative strength index (RSI).
Currently, the index is tracking at a level of 54.75, which has contributed to the current market volatility, with traders unsure if they should maintain previous positions.
However, should we see price strength surge beyond the aforementioned resistance at 56.70, then it is possible that UNI bulls could send prices towards the $7.00 mark.
Dogecoin (DOGE)
Dogecoin (DOGE) on the other hand remained in the red, following a failed breakout of a key resistance point on Friday.
Following a move to a high of $0.09858 yesterday, DOGE/USD dropped to an intraday low of $0.096 on Saturday.
The move comes as the meme coin was unable to surge past its ceiling of $0.0990 during Friday’s session.
DOGE/USD – Daily Chart
Looking at the chart, this point of resistance coincides with another ceiling — that of the RSI.
As of writing, the index is currently tracking at 51.96, which is marginally below a ceiling of 53.00.
Should we see this wall broken, it is likely that the meme coin could head back towards the $0.1000 region.
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Do you expect dogecoin prices to rebound this weekend? Let us know your thoughts in the comments.
Eliman Dambell
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons, rafapress / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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motleybloggers · 1 year
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"Crypto Is Never Coming Back" | History Is Repeating Itself!!
"Crypto Is Never Coming Back" | History Is Repeating Itself!!
https://www.youtube.com/watch?v=20b4X0Wefz8 💰 Get FREE CoinLedger Account Here! ➡️ https://coinledger.io/?fpr=ccv Crypto has been pronounced a failure and the cryptocurrency space has been predicted to go to $0 100's of times across the fear headlines over the years. But it is especially true in crypto bear markets. JOIN Crypto Capital Venture EXCLUSIVE Content ⚡⚡https://cryptocapitalventure.substack.com⚡⚡ 🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ Get Great Deal On TradingView subscription (the charts I use) USE MY LINK! - https://www.tradingview.com/?aff_id=114269 Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰ *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol. *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity. Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out. #crypto #cryptocurrency #bearmarket #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin
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US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors,” Senator Sherrod Brown told Bankman-Fried.
2 Congressional Hearings on FTX Set for Next Week
The House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs are separately holding a hearing on the collapse of crypto exchange FTX next week.
U.S. Senator Sherrod Brown (D-Ohio), chair of the Committee on Banking, Housing, and Urban Affairs, sent a letter to former FTX CEO Sam Bankman-Fried (SBF) Wednesday asking him to attend his committee’s hearing titled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers” that will take place on Dec. 14. The letter states:
As the founder and CEO of FTX Trading Ltd. at the time of its collapse and the founder, principal owner, and former CEO of Alameda Research, you must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors.
“There are still significant unanswered questions about how client funds were misappropriated, how clients were blocked from withdrawing their own money, and how you orchestrated a cover up,” the senator continued.
Brown explained that “Traditionally, witnesses who are invited to appear before the committee make themselves available voluntarily.” He asked Bankman-Fried to respond to his staff by 5 p.m. EST on Thursday to discuss his participation at the hearing.
The lawmaker warned:
If you chose not to appear, I am prepared, along with Ranking Member Pat Toomey, to issue a subpoena to compel your testimony.
FTX filed for bankruptcy on Nov. 11 and Bankman-Fried stepped down as the CEO. The company is now being investigated for mishandling customer funds. FTX’s new CEO, John Ray, told the bankruptcy court: “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
Meanwhile, Rep. Maxine Waters, chair of the House Committee on Financial Services, has invited Bankman-Fried to attend her committee’s hearing on Dec. 13. She has tweeted to the FTX co-founder several times but has not issued a subpoena for him to testify.
The congresswoman has been heavily criticized for her polite approach to inviting Bankman-Fried. She even tweeted that she appreciated him being candid in his discussions about what happened with FTX. Waters tweeted Wednesday:
Lies are circulating @CNBC that I am not willing to subpoena @SBF_FTX. He has been requested to testify at the December 13th hearing. A subpoena is definitely on the table. Stay tuned.
Bankman-Fried told Waters last week that he will testify when he’s “finished learning and reviewing what happened,” which he does not expect to happen by Dec. 13.
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Do you think U.S. lawmakers will be able to get Sam Bankman-Fried to testify at congressional hearings next week? Let us know in the comments section below.
Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of rising above the 40% range 52 days ago, on Oct. 15.
Bitcoin’s Market Superiority Lost 41% in 35 Months
Bitcoin’s market capitalization has been above the $325 billion region since Nov. 29, 2022. At the time of writing, bitcoin’s (BTC) overall market valuation is around $328 billion, which represents around 38.3% of the crypto economy’s entire $856,947,917,107 market cap.
The second leading crypto asset, ethereum (ETH), on the other hand, has a market cap today of around $155.38 billion or 18.1% of the aggregate $856 billion. In the early days, BTC’s market supremacy was above the 90% region from when it first gained value in 2010, all the way up until the second week of Nov. 2014.
Crypto market dominance, among the thousands of digital asset market capitalizations, refers to the relative size of the coin’s capitalization compared to the overall market capitalization of the entire crypto economy. After mid-Nov. 2014, BTC’s market dominance slid below the 90% region but remained above the 80% range all the way until the first week of March 2017.
Bitcoin dominance among the top ten crypto assets by market valuation.
Essentially, during those early days, BTC’s market superiority was 90% for 61 months and after Nov. 2014, it was above 80% for 33 months. However, there were a brief few instances in Jan. 2015, March 2016, May 2016, and Sept. 2016, that saw BTC’s market dominance drop below the 80% region.
Bitcoin dominance has been lower than 80% for 68 months to date, and it’s been struggling to hold the 40% range in more recent times. On May 15, 2021, and up until Aug. 27, 2022, BTC’s market supremacy in terms of capitalization had been above the 40% range which was around 15 months.
Ethereum (ETH) dominance.
Ethereum, Tether, and Dogecoin Market Dominance Levels Rise
Today, it’s been more than a solid three months of BTC dominance below the 40% range and dominance has not been this low since May 2018. From a logarithmic perspective, ethereum’s (ETH) market dominance, among all the other digital assets, has shown a significant rise since Jan. 2020.
Tether (USDT) dominance.
ETH dominance increased 130.86% since Jan. 2020, while BTC dominance gradually slid 41.96% in that time frame. From January 2020 until today or roughly 35 months, tether’s (USDT) market dominance jumped 285%, in comparison to the aggregate value of more than 20,000 listed crypto assets.
Dogecoin (DOGE) dominance.
BNB saw its market dominance grow by 440% over the last 35 months and usd coin’s (USDC) dominance jumped by 2,500%. Like bitcoin (BTC), xrp’s (XRP) market supremacy has dropped during the last 35 months, sliding 47% since January 2020.
Out of the top ten digital assets in terms of market valuations, BTC’s and XRP’s dominance levels have seen the worst declines. The meme token dogecoin’s (DOGE) dominance level, on the other hand, jumped 1,100% higher during the past 35 months.
There’s a great deal of people who don’t put much value into market capitalization and dominance data when it comes to digital currencies. For instance, a bitcoin maximalist would say that BTC’s market cap is all that matters, and others may say that a meme coin like DOGE shouldn’t be compared to blockchains that were not meant to be a joke.
However, many crypto supporters do believe market dominance levels offer meaningful data. Bitcoin and ethereum, for instance, can be viewed against their competitors as having high market superiority levels, which can have a significant influence on the market. More often than not, when BTC’s and ETH’s prices go up or down, alternative crypto assets follow the dominant crypto’s market patterns.
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Jamie Redman
Jamie Redman is the News Lead at MotleyBloggers.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for MotleyBloggers.com News about the disruptive protocols emerging today.
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CRYPTO ACCUMULATION: My "FailProof" Bitcoin Blueprint
CRYPTO ACCUMULATION: My "FailProof" Bitcoin Blueprint
https://www.youtube.com/watch?v=Ul1AkEwtfhA Crypto markets are insane, let's face it. And coming up with a plan for accumulation has probably been one of the most challenging things for most bitcoin and crypto enthusiasts. But I wanted to document my particular strategy for crypto accumulation in this bear market and discuss why I think it really is the best and safest way to approach these crypto markets. While a lot of this method has to do with Bitcoin charts, this is not solely reserved for BTC accumulation. Intro 00:00 Bitcoin data is bullish but... 00:35 The foundation to my crypto plan 2:50 Crypto is in bottom range 4:50 Altcoin plan 5:40 How is my plan failproof? 8:20 --- JOIN Crypto Capital Venture EXCLUSIVE Content --- ⚡⚡https://cryptocapitalventure.substack.com⚡⚡ 🟩 Bitcoin 4 Year Cycle Prediction - This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ Get Great Deal On TradingView subscription (the charts I use) USE MY LINK! - https://www.tradingview.com/?aff_id=114269 Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰ *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol. *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity. Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out. #crypto #altcoin #bitcoin #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin
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Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.”
Standard Chartered Bank’s $5K Bitcoin Scenario
Standard Chartered Bank published a note titled “The financial-market surprises of 2023” Sunday. The note outlines a number of possible scenarios that “we feel are under-priced by the markets,” wrote Eric Robertsen, Standard Chartered’s global head of research.
One of the scenarios is bitcoin’s price dropping to $5,000 next year, which would be about a 70% drop from BTC’s current price of around $17,000.
Robertsen detailed:
Yields plunge along with technology shares, and while the bitcoin sell-off decelerates, the damage has been done. More and more crypto firms and exchanges find themselves with insufficient liquidity, leading to further bankruptcies and a collapse in investor confidence in digital assets.
The Standard Chartered analyst clarified that the extreme scenarios outlined “have a non-zero probability of occurring in the year ahead, and … fall materially outside of the market consensus or our own baseline views.”
While noting that cryptocurrencies could “fall further” and more crypto firms could “succumb to liquidity squeezes and investor withdrawals,” Robertsen said gold could rally as much as 30% to $2,250 per ounce and re-establish itself as a safe haven. He described:
The 2023 resurgence in gold comes as equities resume their bear market and the correlation between equity and bond prices shifts back to negative.
Commenting on Standard Chartered Bank’s $5K bitcoin price outlook, gold bug and economist Peter Schiff reiterated his prediction that BTC has much further to fall. He tweeted Monday:
Bitcoin has far more downside risk than 70%. After such a decline bitcoin will still be way over-priced, so $5,000 will not even be close to the bottom.
Recently, veteran investor Mark Mobius said that bitcoin could fall to $10,000 next year as the Federal Reserve continues to hike interest rates and tighten monetary policy.
However, some people are still optimistic about the price of bitcoin. Venture capitalist Tim Draper, for example, has doubled down on his BTC price prediction of $250,000 by the middle of next year.
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A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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Addresses That Sat Idle for Years Transferred 1,221 Bitcoins Worth $20M Over the Last 4 Days
Addresses That Sat Idle for Years Transferred 1,221 Bitcoins Worth $20M Over the Last 4 Days
During the last seven days, bitcoin’s price has remained above the $16K region following the aftermath of FTX’s collapse. Since then, a number of ‘sleeping bitcoins’ that sat idle for five to nine years have been moving during the last four days. Bitcoins that were worth far less back then are being transferred for the first time in years.
$20M Worth of Old Bitcoins Move After Sitting Dormant for Years
Bitcoin’s (BTC) price has remained steady during the last seven days, ranging between $16,150 to $16,995 per unit, and a brief jump over the $17K zone. Over the last four days, while BTC prices are much lower than they were at the start of November, hundreds of old bitcoins have been on the move.
For instance, two owners spent 348 bitcoin on Nov. 29, 2022, and the stash was once worth $348,000. We can’t really tell whether or not the transferred coins were sold, but they were spent from addresses created almost six years ago. Heuristics also indicate that out of the 348 bitcoin that sat dormant since March 2017, 299 of that BTC likely belonged to the same owner.
The five 59.99 BTC spends discovered by btcparser.com were all from the same owner.
The 348 BTC is worth roughly 5.8 million nominal U.S. dollars using current BTC exchange rates. One owner controlled “17HxA,” an address created on March 29, 2017, and it spent 48.88 BTC at block height 765,168. Coincidently, five more transactions, from addresses created at the end of March 2017, spent 59.99 BTC in each transaction at block heights 765,169, 765,184, 765,185, 765,187, and 765,190.
On the same day, blockchain parsers from btcparser.com caught a 173.61 BTC spend from an idle address created on June 14, 2017, and another 100 BTC spend from an address created on April 12, 2014. The 100 bitcoin sat in an address idle for close to nine years, and at the time, each BTC was worth less than $500 per unit.
Following these old spends, a transaction from an address first seen close to ten years ago, on April 26, 2013, beat all the spends transacted on Nov. 29, 2022. The transaction took place on Dec. 2, 2022, and the wallet “1EaAv” spent 600 so-called ‘sleeping bitcoins.’ The 600 BTC was worth around $84,000 on April 26, 2013, and today the coins that were spent at block height 765,644, are worth roughly $10.14 million using current BTC exchange rates.
Data shows that out of all the bitcoins spent since Nov. 29, which slept for roughly five to nine years, all of them combined were worth less than $800K in value at the time the original addresses were created. Using exchange rates today, the 1,221.45 BTC that stemmed from ‘sleeping bitcoin’ addresses equates to around $20 million. Old holders are moving bitcoins that sat dormant for five to nine years, while current bitcoin prices are at the lowest values in two years.
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What do you think about the so-called ‘sleeping bitcoin’ addresses that have spent roughly $20 million in bitcoin during the last few days? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at MotleyBloggers.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for MotleyBloggers.com News about the disruptive protocols emerging today.
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Bitcoin Makes History | Cardano Faces Challenge | Huge XRP News Today
Bitcoin Makes History | Cardano Faces Challenge | Huge XRP News Today
https://www.youtube.com/watch?v=LvQ8IRzeil0 Bitcoin making news with increase in BTC addresses. Cardano ADA charts looking like a setup (link below to relevant tweet). And the Ripple SEC case takes a step forward. XRP holders watching closely. https://www.lookintobitcoin.com/charts/wallets-greater-than-1-btc/ --- JOIN Crypto Capital Venture EXCLUSIVE Content --- ⚡⚡https://cryptocapitalventure.substack.com⚡⚡ Get Great Deal On TradingView subscription (the charts I use) USE MY LINK! - https://www.tradingview.com/?aff_id=114269 Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr Follow me on my new TikTok ⬇️ ➡️ http://www.tiktok.com/@thecryptocapitalventure ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ ⚡ Follow Dan On Twitter ⚡ http://twitter.com/cryptorecruitr Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰ *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol. *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity. Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out. #crypto #cardano #btc #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin bitcoin, decentralized, altcoins, altcoin, top altcoin, best altcoin, crypto, cryptocurrency, buy cryptocurrency, invest bitcoin, buy bitcoin, best altcoin, cardano, ada,
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US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private
US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.”
Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private
U.S. Congressman Tom Emmer (R-MN) announced Thursday that he has led an inquiry into the central bank digital currency (CBDC) effort led by the Federal Reserve Bank of Boston.
Emmer and eight other members of Congress sent a letter to Susan Collins, president and CEO of the Federal Reserve Bank of Boston, raising concerns about Project Hamilton, an initiative to develop a U.S. CBDC in collaboration with the digital currency initiative at the Massachusetts Institute of Technology (MIT).
“It has come to Congress’s attention that some firms participating in Project Hamilton intend to use government resources from the project to design a CBDC with the intent to then sell those products to commercial banks,” Emmer described, emphasizing:
Any U.S. CBDC must be open, permissionless, and private.
“If the CBDC is not crafted with the values of transparency in mind, the currency falls at risk to the financial privacy violations currently on display in China,” he stressed.
“The more we learn about the Boston Fed’s work on Project Hamilton, the more we have become concerned with the lack of transparency, especially as it relates to their partnership with the private sector,” the congressman continued, elaborating:
The unfair advantage that some private companies could enjoy from this partnership and the failure to ensure the principles of privacy, sovereignty, and free markets should be concerning to every American.
The letter specifically asks about Project Hamilton’s funding and engagement with the private sector as well as the Fed’s plans to address concerns regarding the dangers a CBDC could pose to financial privacy and financial freedom.
“It is important that the firms engaging with Project Hamilton do not receive unfair competitive advantage over current or future competitors. Neither the federal government nor the Federal Reserve Banks should be in the business of picking winners and losers in the private markets,” the letter concludes.
In January, Emmer introduced a bill to prohibit the Fed from issuing a central bank digital currency directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,” he emphasized at the time.
Earlier this month, the Federal Reserve Bank of New York completed the first phase of its digital dollar experiment called Project Cedar. The New York Fed is now collaborating with nine major banks on a “proof-of-concept project to explore the feasibility of a theoretical payments system which would facilitate wholesale digital asset transactions.”
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Do you think the U.S. will issue a CBDC that is “open, permissionless, and private” like Congressman Tom Emmer described? Let us know in the comments section below.
Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Italy Wants to Tax Crypto Gains at 26% From 2023
Italy Wants to Tax Crypto Gains at 26% From 2023
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings.
Government in Italy Intends to Tap Into Cryptocurrency Profits
The authorities in Rome look poised to expand and tighten the regulations for disclosure and taxation of digital assets. The change is likely to come with Italy’s 2023 budget which is expected to target profits from crypto wealth and trading.
A provision in the budget, proposed by the right-wing government led by Prime Minister Giorgia Meloni, extends to crypto assets a 26% levy on capital gains exceeding a threshold of 2,000 euros (approx. $2,080), Bloomberg reported.
The ruling coalition, which was elected in late September, also offers taxpayers the option to declare the value of their digital assets as of Jan. 1, 2023 and be taxed at a 14% rate. The goal is to stimulate Italian taxpayers to disclose their holdings in their tax returns.
Under the current tax rules, digital currencies and tokens are treated in Italy as foreign currency which is subject to lower taxation. The draft law, which may still see amendments in parliament, also introduces disclosure obligations and extends stamp duty to cryptocurrencies.
Around 1.3 million Italians (2.3% of the country’s population) own crypto assets, the report notes, quoting Triple A data. That compares to the United Kingdom’s 5%, and 3.3% in neighboring France.
Meloni, Italy’s first woman to head the executive branch of power in Rome and leader of the far-right Brothers of Italy party, has previously campaigned for lower taxes.
Her government’s stricter stance on crypto now is a move in the footsteps of Portugal, one of the EU’s most crypto-friendly members, which revealed in October its intention to tax short-term crypto profits at 28% from next year. It also comes amid a global tightening of regulations following a wave of bankruptcies in the crypto industry such as the recent collapse of crypto exchange FTX.
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Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. MotleyBloggers.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Bitcoin Price PUMPS To MACRO INDICATOR! (Anticipate This NEXT!)
Bitcoin Price PUMPS To MACRO INDICATOR! (Anticipate This NEXT!)
https://www.youtube.com/watch?v=RxiTiiPmmhc Bitcoin price has pumped short term to a longterm resistance area that is one of the most important crypto indicators when it comes to the cycles of bitcoin, btc price, and cryptocurrency space as a whole! https://www.cnbc.com/2022/11/29/stock-market-futures-open-to-close-news.html Follow me on my new Instagram ➡️ https://instagram.com/theofficialccv ⚡ Catch Me On Twitter ⚡ http://twitter.com/cryptorecruitr Follow me on my new TikTok ⬇️ ➡️ http://www.tiktok.com/@thecryptocapitalventure ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ ⚡ Follow Dan On Twitter ⚡ http://twitter.com/cryptorecruitr Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰ *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol. *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity. Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out. #crypto #bitcoin #btc #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin bitcoin, decentralized, altcoins, altcoin, top altcoin, best altcoin, crypto, cryptocurrency, buy cryptocurrency, invest bitcoin, buy bitcoin, best altcoin, cardano, ada,
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SEC Strategic Plan: Crypto Initiatives Among Top Priorities Over Next 4 Years
SEC Strategic Plan: Crypto Initiatives Among Top Priorities Over Next 4 Years
The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address the SEC’s top priorities over the next four years.
SEC’s Strategic Plan for FY 2022-26
The U.S. Securities and Exchange Commission (SEC) published its “Strategic Plan” for the fiscal years 2022-2026 last week. The regulator stated that “the initiatives outlined in this Strategic Plan are intended to address its top priorities over the next four years.”
One of the goals of the Strategic Plan is to “develop and implement a robust regulatory framework that keeps pace with evolving markets, business models, and technologies.”
The securities regulator explained that an initiative aimed at achieving this goal is to “examine strategies to address systemic and infrastructure risks faced by our capital markets and our market participants.” Noting that “the rapid growth in crypto assets” also represents a risk, the watchdog said to be better prepared for the risks in this category:
The SEC must pursue new authorities from Congress where needed, continue to effectively collaborate with other regulators, and engage more proactively on digitization initiatives.
Another initiative outlined in the Strategic Plan is to “recognize significant developments and trends in our evolving capital markets and adjust our activities accordingly.” The securities watchdog emphasized:
The SEC must also continue to enhance its expertise in, and devote increased resources to, product markets beyond equities — including crypto assets, derivatives, and fixed income — and maintain a nimble and flexible approach to address market changes expeditiously.
The SEC also explained that in developing the Strategic Plan, it took into account information from “meetings with the many internal and external parties with which the agency interacts on a regular basis, including members of Congress and congressional committees, investors, businesses, financial market participants, academics, and other experts and stakeholders.”
The chairman of the SEC, Gary Gensler, stressed:
The SEC pursues our three-part mission: to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
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Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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