Main news
ECB President Lagard “Bitcoin needs international regulation”
On the 13th, the President of the European Central Bank (ECB) Christine Lagarde attended an online event hosted by Reuters and said that Bitcoin should be regulated at an international level. “Bitcoin, a highly speculative asset, is being used for some illegal activities, including money laundering, and if there are any regulatory loopholes,” said Lagard said.
Will you resign from Coinbase’s US Monetary Authority?
Friendly to cryptocurrency Brian Brooks It is observed that the acting chief of the US Monetary Supervisory Service (OCC) will resign this week. On the other hand, Gary Gensler, who knows cryptocurrency well, will be appointed as the next chairman of the Securities and Exchange Commission (SEC).
Is Bitcoin short-term outlook dark?
Analysts predict that Bitcoin’s short-term price prospects will not be bright. This is because the amount of bitcoin flowing into the exchange has increased and the demand from institutional investors has decreased. On the 12th, 57,000 bitcoins were introduced to the exchange.
In terms of daily inflow, it was the largest since the market crash on March 12, 2020. A Goldman Sachs executive pointed out that institutional investors are the “core” to reduce bitcoin volatility, and on the 11th, the 20% price drop of bitcoin or bitcoin volatility also prevented so-called “whales” from buying bitcoin. I said I didn’t.
Brief news
- Will you never buy coffee or pizza with Bitcoin?
- After the spread of fake videos claiming that Binance played a role in the recent plunge in bitcoin prices, Binance fought back against rival exchanges OKEx and Huobi.
- Bitcoin mining company Marathon raises $250 million through public offerings.
- An Australian man, known as the operator of DarkMarket, the world’s largest darknet market, has been arrested by German authorities.
- Pakistani state government mines bitcoin.
- Howard Mark, a billionaire investor, revealed that his son had a significant amount of Bitcoin.
- Investors are watching Bitcoin as a barometer of the high-flying stock market.
Market trend
The era of altcoins?
Currently, the prices of Bitcoin and Ether are trading at 87% and 78% of their record highs, respectively, while most of the altcoins, which are cryptocurrencies with a small market capitalization, have not seen a significant rise.
Although some altcoins have surged in price during the recent bull market, individual investors did not pay much attention to altcoins, which are high risk groups at low prices.
On the other hand, according to Messari, a cryptocurrency analyst, DeFi loan market tokens such as Maker (MKR), Compound (COMP), AAVE, and Uniswap (UNI) are showing tremendous growth.
· Translated by NewsPeppermint.
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