Bitcoin Price Faces Tough Resistance Despite Recovery On The Chart
Bitcoin price continues to witness strong resistance around the $19,400 mark. Over the last 24 hours, the coin depreciated by 2.9%. At
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Tough
Tough Week for Layer 1 as Solana, BNB Chain Suffer Outages; Bitcoin Trades Flat as October Doldrums Continue
Equity markets ended the trading week in a three-day depression after an upbeat Monday and Tuesday. The tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) dropped 3.8%, 2.8% and 2.1%, respectively after non-farm payrolls increased by 263,000, a 17% decrease from August, but more than the projected 250,000.
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Bitcoin Hanging Tough as Stocks Slide
“Bitcoin continues to display strong resilience in the face of a broader risk-averse mood in financial markets,” Craig Erlam, senior market analyst at the foreign-exchange brokerage Oanda, wrote in an investor update. “Given it is the ultimate risk asset, this is quite surprising and perhaps even encouraging.” Source
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Crypto winter teaches tough lessons about custody and taking control
The crypto winter has pumped new life into the adage “Not your keys, not your coins,” particularly after the collapse of some high-profile enterprises like the Celsius Network, whose funds were frozen in June. Just last week, Ledger CEO Pascal Gauthier hammered home the point further, warning: “Don’t trust your
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Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
The offices of Chairwoman Maxine Waters (D-Calif.) and the panel’s ranking Republican, Patrick McHenry (R-N.C.), have preliminarily agreed that stablecoins should be directly reinforced with assets such as cash and U.S. Treasury bonds that won’t be vulnerable in a panic, said the person, who requested anonymity because the legislation hasn’t
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Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments – Regulation Bitcoin News
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed
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Goldman Downgrades Robinhood to Sell Amid Tough Environment for Crypto Brokerages
The investment bank also sees headwinds for Coinbase and Silvergate Capital to show up in first quarter results. Source
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Aussie crypto ‘finfluencers’ face tough new legal restrictions
New warnings from the Australian Securities and Investments Commission (ASIC) on appropriate conduct for financial influencers could have a dramatic impact on the local crypto industry.ASIC’s recent Information Sheet outlines the traps influencers and the companies that hire them could fall into while wittingly or unwittingly promoting financial products. The
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India’s Tough Crypto Stance Has a Silver Lining
First, once digital fiat bearer instruments, be they CBDCs or stablecoins, are used for payments inside other blockchain-based services such as supply chain management, gaming or non-fungible tokens (NFT), it will boost that wider crypto ecosystem – the decentralized metaverse of Web 3 – as it goes mainstream. Original Source
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Miners Going Public Amid Bitcoin Slump Face Tough Months Ahead
However, for investors to really pay up for a company, they will need to see more longer-term strategy from the companies, said Eric F. Risley, managing partner of crypto mergers and acquisitions firm Architect Partners. Risley added that crypto miners that can operate most efficiently are most likely to thrive
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