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The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry needs to explore ways to decouple crypto from traditional markets. Decentralized finance (DeFi) can perhaps offer a way out
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Sam Bankman-Fried, former FTX CEO, has reportedly reconsidered his earlier decision to contest extradition and is expected to appear in court in the Bahamas on Dec. 19 to seek a reversal, Reuters reported on Dec. 17 citing a person familiar with the matter. By consenting to extradition, Bankman-Fried would be able
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A quant has explained why the recent retest of a critical support level by Nasdaq may help Bitcoin reverse its own trend. Nasdaq-100 Has Recently Retested A Critical Support Trendline As pointed out by an analyst in a CryptoQuant post, Nasdaq-100 is currently above a support line that has historically been important. Nasdaq-100
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"The Commission's 'thumb on the scale' approach does not withstand scrutiny," the groups said, calling spot Bitcoin ETPs "ideally suited for investors that desire exposure to Bitcoin. The groups added that the SEC had allowed "similar, riskier products to enter the market," and that spot ETPs plainly satisfy regulatory requirements
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● CoinDesk Market Index (CMI): 944.23 +0.4% ● Bitcoin (BTC): $19,373 +1.2% ● Ether (ETH): $1,294 −0.4%
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The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms Likely to Lose Tax Incentive as Norway
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Rhodium postponed a $1.7 billion IPO back in January. Source
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Domestic companies like Terra circumvented the ban by issuing new digital tokens through corporations established overseas and listing those tokens on local exchanges, the central bank said in its report accompanying the Korean translation of the European Union's Markets in Crypto Assets (MiCA) regulation. Source
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“The Merge narrative on ETH has been getting a little cloudier,” said Joshua Lim, head of derivatives at Genesis Trading. “The complications around a proof-of-work fork could create some market dislocations and the geopolitics of Pelosi's Taiwan visit are weighing on price." (Genesis is owned by Digital Currency Group, which
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