• Post-election crypto regulation
    Cryptocurrencies,  Regulation

    SEC’s Hester Peirce: Post-election crypto regulation needed

    From stablecoins to decentralized exchanges, regulators are struggling to regulate a moving target said the SEC Commissioner known as “Crypto-Mom”

    One concern that the agency has with the regulation of cryptocurrency assets is that while promoters stress the advantages they bring by eliminating intermediaries, securities regulators have long worked with intermediaries in functions such as anti-money-laundering and are comfortable with them.

  • Bitcoin rebounds after OKEx freeze
    Bitcoin

    Markets Report: Bitcoin rebounds after OKEx freeze accelerates $11K drop

    News that OKEx had stopped withdrawals from its 200,000 BTC vaults brought volatility to Bitcoin, but a rebound is already on the way.

    Bitcoin was on course for modest weekly gains on Oct. 16 as fresh downside took the market ever closer to $11,000 support. After hitting $11,700, this week saw BTC/USD consolidate higher, but unforeseen circumstances sparked sudden selling pressure Friday.

  • Bitcoin holds $11.4K
    Bitcoin

    Markets Report: Bitcoin holds $11.4K as companies keep buying and traders eye $12K next

    Stronger performance seems built to last as $11,000 support remains untested and corporate buy-ins roll in.

    Data from price trackers including CoinMarketCap showed light fluctuation for BTC/USD on the day, with the past 24 hours seeing a narrow trading corridor of $160. $11,500 provided the upper bound, with the level proving to be de facto resistance throughout the week as Bitcoin tackled the path higher.

  • Bitcoin goes mainstream
    Bitcoin

    MicroStrategy doubles down, invests another $175M in Bitcoin

    The mainstream firm made headlines in August when it announced that it had bought $250 million in BTC as an inflation hedge

    In announcing its initial $250 million purchase on Aug. 11, CEO Michael Saylor said the investment was an inflation hedge, calling Bitcoin “a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

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