EU Official Says Europe’s MiCA Bill Would Prevent Collapses Like Terra's

SEOUL, South Korea – A European Union official told attendees at the Korea Blockchain Week conference in Seoul on Tuesday that the Terra collapse would have been impossible under the regulatory requirements laid out in the EU’s Markets in Crypto Assets (MiCA) bill.

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Axie Infinity looking to ‘double-down’ on Korean market: KBW

Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world.

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Here’s What Bitcoin Institutional Inflows Says About The Month Of July

The price of bitcoin has had an eventful start to the month of August, and it doesn’t look like it will be stopping anytime soon. Mostly, it is the residual effects of what happened in the markets during the month of July, where the price of bitcoin had actually broken above $24,000.

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CZ Binance Says Segregated Crypto Market Is Not Good For The Community

The CEO of Binance crypto exchange, Changpeng Zhao, has revealed his thoughts about the idea of segregated digital currency markets. According to CZ, this is an excellent time to keep up the liquidity in the market.

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Country-specific crypto markets a bad idea, CZ says after gov’t talks

Binance CEO Changpeng “CZ” Zhao has stressed the importance of market liquidity after various countries ask for segregated order books.

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Bitcoin due 'one of greatest bull markets' as July gains circle 20%

The future for Bitcoin price action may be much more bullish than the short-term charts, says Bloomberg Intelligence's Mike McGlone.

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Crypto’s Slide Hasn't Bled Into the 'Real Economy,' IMF Official Says

Antonio Garcia Pascual, deputy chief of the global market analysis division at International Monetary Fund, joined CoinDesk TV to discuss why the crypto contagion hasn’t really spilled over into other markets.

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Raoul Pal Says The Crypto Markets Have Bottomed

Real Vision CEO Raoul Pal in a tweet Monday highlighting the recent gains in the crypto market, revealed his belief that the crypto market has formed a bottom.   “Is the low in? My view is on balance, probably,” Pal tweeted, sharing his opinion on the raging debate.

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Grayscale legal officer says Bitcoin ETF litigation could take two years

Grayscale argues that the differences between futures and spot Bitcoin ETFs have no correlation to approvals because prices are based on the same spot Bitcoin markets.

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Crypto needs regulation to mitigate risks, says Bank of England exec

Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted.

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Former Fed Regulator Calls For Full Ban On Bitcoin – Says Crypto Has No Real Value

Lee Reiners – a former employee of the Federal Reserve Bank of New York and currently executive director of Duke University's Global Financial Markets Center – says he believes Crypto has no cash flow and should be kept out of the banking system.

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Risk profile of crypto markets similar to oil and tech: Coinbase

A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist.

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BoE: Risky assets remain vulnerable to sharp price declines

The Bank of England says the downturn seen across the risky asset markets, including crypto, might not be over just yet. The UK central bank, in a report published on Tuesday, notes that the global financial markets have been extremely volatile these past few months.

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Liquid markets are healthy markets, says Kairon Labs co-founder

Market making is a profession that has been around since the early 1980s, many crypto market makers come from backgrounds of traditional finance.

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The bear markets are for building, says Fireblock’s CEO

The cryptocurrency space has been in a bear market for the past few months,…

The post The bear markets are for building, says Fireblock’s CEO appeared first on CoinJournal.

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Biden Official Says US Government Could Pass Stablecoin Rules by End of Year

The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday.

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When Will Bitcoin Bottom Out? Pi Cycle Bottom Says It Will Happen on July 9

Many cryptocurrency enthusiasts have heard of the Pi Cycle Top indicator, which has "magically" predicted the peaks of several previous bull markets. However, few know that there is also its opposite, Pi Cycle Bottom, which also has some track record in trying to estimate the bottom of a bear market.

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Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining

Bear markets are for building, which is exactly why HashWorks CEO Todd Esse says BTC’s current pricing presents an opportunity for retail investors and industrial mining companies.

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US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach

Michael Hsu, chief of the Office of the Comptroller of the Currency (OCC), said the recent fireworks in the crypto industry have further cemented his resistance to allowing lenders unfettered exposure to the digital assets markets.

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Fears Over Decentralized Digital Currencies Coming true, Says BIS

Long-held fears about decentralized digital currencies are now coming to fruition with the recent downturn of the cryptocurrency markets, according to the global umbrella body for central banks. The post Fears Over Decentralized Digital Currencies Coming true, Says BIS appeared first on BeInCrypto.

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Crypto lending can still survive bear market, analyst says

Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst.

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Regulators need to determine whether miner extractable value is illegal, BIS report says

A new research paper published by the Bank for International Settlements has equated miner extractable value (MEV) to illegal activities in traditional markets like front-running and sandwich trades.

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“Nothing Issue” — MicroStrategy CEO Saylor Says No Cause For Alarm Despite Losing $1B In Bear Market

CEO of software and cloud engineering behemoth, MicroStrategy, Michael Saylor, has said he is not losing sleep over the crypto markets despite his company losing over $1 billion via its Bitcoin investments.

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India’s Chief Economic Adviser Says Crypto Without Regulation Is Like ‘A World Of Caribbean Pirates’

The perception of the world of crypto by several regulators stumped by the limited oversight they can have over the markets is often negative, as they view it as a potential tool for shady business and illicit transactions.

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Cardano Creator Says Bear Markets Are "Quite Comfortable"

Charles Hoskinson says that it is "business as usual" for Input Output despite cryptocurrency market

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Federal Reserve Governor Christopher Waller Explains The Need For Crypto Regulations

The calls for crypto regulations have reached a fever pitch. On Friday, Federal Reserve Governor Christopher Waller lent his voice once again to the discussion. Waller Says Proper Regulations Are Meant To Protect The Retail Traders On Friday, Federal Reserve Governor Christopher Waller once again called for clear regulations of the crypto markets. Moreover, Waller […]

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Federal Reserve Governor Says Bitcoin, Crypto Regulation Is For “The Rest Of Us”

Christopher Waller, a Board of Governors member of the Federal Reserve, explained that regulating bitcoin and crypto markets isn’t for experienced investors.

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Arthur Hayes Says Bitcoin And Ethereum May Not Be Ready To Recover Drastically

The recent crash in the crypto markets took everyone by surprise, especially Bitcoin. Many coins lost value drastically and very fast at that. Even the number one crypto Bitcoin took a big hit when investors kept selling out in panic.

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ESMA Chair says crypto needs urgent regulation to protect investors

Verena Ross, the Chair of the European Securities and Markets Authority (ESMA), has called for the urgent regulation of the crypto space. The post ESMA Chair says crypto needs urgent regulation to protect investors appeared first on CryptoSlate.

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Bitcoin Price Could Fall To $8,000, Says Guggenheim CIO

Hearing more negative speculation would be unpleasant for the investors as the recent bloodbath’s catastrophic effects already slowed down crypto markets. But unfortunately, an expert predicted Bitcoin would go far below.

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Crypto’s growing integration in the financial sector poses financial stability risks, ECB says

The European Central Bank (ECB), in its Decrypting financial stability risks in crypto-asset markets… The post Crypto’s growing integration in the financial sector poses financial stability risks, ECB says appeared first on Coin Journal.

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WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor

Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets.

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Animoca Brands co-founder says web3 is growing despite the recent crypto crash

Animoca Brands co-founder Yat Siu believes the web3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg’s Stephen Engle on May 18.

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Morgan Stanley Says NFTs Next to Watch After UST Collapse

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.

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Michael Saylor Says The Market Crash Will Speed Up Regulation Around Stablecoins

It has been a rollercoaster month for the crypto markets that saw the shocking crash of Terra’s native coin and stablecoin offerings wiping billions from the crypto markets. However, in a recent interview, Bitcoin evangelist Michael Saylor said that recent happenings would be good for Bitcoin and push stablecoin regulations. Michael Saylor Believes The Recent […]

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FCA Official Says Regulators Need A More Balanced Approach Towards The Crypto Markets

The UK Financial Conduct Authority (FCA) is the UK’s foremost regulator for financial services companies, with digital asset companies also under their purview. However, considering the focus of the FCA actions on risks in the nascent market, an official fears the regulator has focused too much on the negatives. Mixed Signals Speaking at the FT […]

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FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement

Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.

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Crypto Armageddon Coming In The Summer Of 2022, Says BitMEX Founder — Here’s Why

Bitcoin and the cryptocurrency markets have endured a tumultuous first quarter but things could turn a lot worse, according to the co-founder of BitMEX.

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BTC price hits 10-day high as trader says $42K is where Bitcoin 'gets interesting'

Brisk gains encounter resistance at $42,000, but stock markets may be to blame.

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Michael Saylor Says German Investors Should Respond To Rising Inflation By Replacing Bonds With Bitcoin

Germany’s inflation is at 30-year highs. Michael Saylor has urged investors to ignore bonds and buy Bitcoin. Bitcoin continues to correlate with equity markets. MicroStrategy’s Michael Saylor has urged German investors to turn to Bitcoin as inflation touches 30-year highs.

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CFTC Chief Says FTX Plan Could Make Crypto Markets 'More Efficient'

CFTC Chair Rostin Behnam told House lawmakers Thursday his agency was giving a FTX. US proposal on directly clearing customers' derivatives trades serious consideration. He suggested the FTX idea could improve market efficiency, though he said he didn't yet support the proposal.

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The Crypto Market Is Split Between Risk-on And Inflation Hedge Camps, According To Cumberland’s Exec

Cumberland’s executive says that the cryptocurrency markets are polarized between two divides.   He argues that the camps of risk-on and inflation hedge are behind the doldrum in crypto asset prices.

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Bitcoin Weekly Momentum Flips Bullish For First Time In 2022: What Data Says

Bitcoin price is back at $48,000 and with the most recent weekly close, momentum has flipped bullish for the very first time this year. With the momentum now behind bulls, what might this mean for the cryptocurrency market in the weeks and months ahead? The MACD And Bullish Weekly Bitcoin Momentum Markets are always seeking equilibrium.

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Coinbase Says Crypto Markets Resilient After Russian Invasion of Ukraine

The crypto exchange said a more convincing recovery is possible once investors have more clarity on the Fed’s plans,

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“It Often Takes A Week For The Market To Understand,” Says Binance CEO As Bitcoin Soars

Bitcoin briefly went above the $44k price level as the crypto markets staged a comeback. This comes about a week after the crisis in Eastern Europe that crashed equity and crypto markets. 

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Bitcoin traders say $34K was the bottom, but data says it’s too early to tell

Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets.

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Crypto is ‘best place’ to store wealth if Fed rate hike crash markets, says Pantera CEO

Bears continue to dominate sentiment, with more downsides likely amid inflation and geopolitical concerns.… The post Crypto is ‘best place’ to store wealth if Fed rate hike crash markets, says Pantera CEO appeared first on Coin Journal.

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Private Crypto Markets Are Booming Although Short Term Metrics Are Panic Inducing, Says FTX US President

Brett Harrison says the private crypto market is booming. He noted that Bitcoin’s dominance is bound to drop.   Harrison revealed that regulatory ambiguity is standing in the way of large-scale institutional adoption.

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JPMorgan Says Bitcoin’s Fair Value Is $38K… But It Still Expects BTC To Eventually Hit $150,000

The bitcoin price has recaptured the $44K level after last month’s precipitous fall that rocked both the crypto and stock markets. Now, multinational investment banking giant JPMorgan Chase has renewed its prediction that the premier cryptocurrency could more than double to around $150,000 in the long term but has suggested that bitcoin’s current fair value […]

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