Ethereum's mining power has just faced a new surge, and the cryptocurrency market in general has reached an all-time high as it faces another wave of selling pressure caused by rising risk aversion trends in global financial markets.
Bitcoin Investors Act Differently in Current Market Conditions
Blockchain analytics firm Glassnode has revealed how differently long-term and short-term Bitcoin (BTC) investors respond to the current weakness in the crypto market. Based on the HODL waves metric, which shows the behavior of different-term Bitcoin holders, Glassnode stated that long-term BTC holders did not see heavy selling despite the ongoing price correction. Glassnode says that when short-term investors see it drop after buying, they soon sell.
Top Fed Officials Banned From Owning Stocks, Crypto Under New Restrictions
The Federal Open Market Committee (FOMC) has passed rules prohibiting senior Fed officials from investing in stocks and cryptocurrencies. The new rules formally establish the guidelines, first announced in October. The committee argued that it was necessary to restore public confidence in the institution.
SEC Gets Lettes Over Grayscale’s Bitcoin ETF
The U.S. Securities Exchange Commission claims to have received nearly 200 letters asking whether it would approve the application. Most of these letters arrived in February, according to regulators.
Crypto Market Turns Red As Russian Invasion Fears Grow
This weekend, the cryptocurrency market turned red as fears of a Russian invasion continued to grow. The greater the fear of Russian invasion of the Donbas region in Ukraine, the greater the sales in the cryptocurrency market.
New Bill Could Make Bitcoin Adopt as Legal Tender in California
California could make Bitcoin legal tender. New bill submitted by political advisors Bitcoin expert Dennis Porter and political advisor Ian C. Calderon have jointly prepared a new proposal that could make Bitcoin legal tender in their opinion.
Ripple Gaining Edge Versus SEC? New Evidence Could Support XRP
The lawsuit between payments company Ripple and the US Securities and Exchange Commission (SEC) continues. Newly published documents entering their second year can give the payment company an advantage over commission. Two notes dating back to 2012 could shed new light on the case, according to Eleanor Terret, a journalist at Fox Business, and James K. Filan, a former federal prosecutor who has closely followed the case. The documents revealed that Ripple was conducting legal analysis on the XRP token at that time.
Fidelity International Launches Spot Bitcoin ETP in Zurich
London-based Fidelity International is launching a new Bitcoin exchange-traded product (ETP) to satisfy the appetite for digital currency among Europeans.
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