Despite the decline in the share prices of technology companies with valuation multiples that rely on energy and could be vulnerable to faster-rising inflation, “crypto stocks” like MicroStrategy, Coinbase, Square, and Paypal that trade at much higher valuations and have direct exposure to Bitcoin and Ethereum, were less affected.
U.S. Federal Reserve’s Powell Says No Crypto Ban In Sight
During a session at the U.S. House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered the questions about the crypto market. He emphasized, a ban on cryptocurrencies, such as what China has implemented recently, was unrealizable. Then he added, stable coins ought to be brought into the regulatory framework.
Illegal Crypto Mining Equipment Found in Tehran Stock Exchange Basement
The director of Tehran’s stock exchange, Ali Sahraee, announced his resignation after cryptocurrency mining machines were found at the TSE’s headquarter.
SEC Chairman Gary Gensler: Files of Bitcoin Futures ETF Will Be Reviewed
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler explained some legislation hedge protect investors who want to invest in their futures bitcoin exchange-traded funds (ETF). The file reviews are expected from SEC.
DeFi and DEX Volumes Explode Amid China's Crypto Ban and Ongoing US Regulations
The data shows that crypto investor worries increase about China's ongoing cryptocurrency bans and heavy regulations that make US-based traders switch to DeFiprotocols and DEX.
Canada Launches First Multi-Cryptocurrency ETF Pegged to Both Bitcoin and Ethereum
Canadian exchange-traded funds (ETF) provider Evolve Funds Group has launched the country’s first multi-crypto ETF on the Toronto Stock Exchange, the Evolve Cryptocurrencies ETF.
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