• Circle CEO Jeremy Allaire believes that the U.S. Securities and Exchange Commission should not be responsible for regulating stablecoins. • Allaire favors separate SEC regulations that could impose stricter rules around cryptocurrency custody, such as qualified custodians providing appropriate controls and protection against bankruptcy. • The SEC has recentlyContinue Reading
• Bitcoin (BTC) has reclaimed over $24,500 and flipped multiple-day moving averages. • The 200-week moving average (200-WMA) is a reliable support level in previous bear market cycles for Bitcoin at $24,957. • Another indicator of support is the 360-DMA currently stands at $25,398. Bitcoin Flips Moving Averages Bitcoin (BTC)Continue Reading
• The Bank of England is planning to introduce a Central Bank Digital Currency (CBDC) called ‚Britcoin‘ as early as 2030. • The BOE intends to impose an initial cap of between £10,000 to £20,000 ($12,017 to $24,033) on digital wallet holdings. • Introducing the CBDC could lead to aContinue Reading
• Bitcoin is rallying after the collapse of FTX, with 25% of its supply held between $15.5k and $23k. • UTXO Realized Price Distribution (URPD) shows that up to 20% of all Bitcoin supply is in high profit, from $686 to $15,000. • Less than 1% of all supply isContinue Reading
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