Lord Hammond, the former UK Chancellor, warns against investing in cryptocurrency, saying, “It’s gambling money.”
Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should...
The Bank of England will intensify discussions on crypto rules as data becomes more difficult to come by: Report.
International cooperation is required to gather the information needed to evaluate crypto risks to the global financial system.
The Bank of England is facing challenges...
‘Regulation Is Absolutely Important’ for the Crypto Sector, Says IMF Chief Economist
The chief economist at the International Monetary Fund (IMF) says that regulation is “absolutely important” for the crypto sector. She added that banning cryptocurrencies,...
The USDT stable coin has been declared an official currency by Myanmar’s shadow government.
Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared the United States...
As Bitcoin’s price stabilizes, altcoins outperform.
The rise in altcoins suggests a greater appetite for risk among traders. After4 percent drop in the previous week, Bitcoin's price is beginning to stabilize. According to technical indicators, the cryptocurrency was trading around $57,000 at press time and could rise to $60,000-$63,000 in the near future.
Due to the Thanksgiving holiday in the United States on Thursday, analysts expect trading volumes to fall this week. "Over the last three years, we've had downward volatility every time around this holiday," CryptoQuant wrote in a blog post. "This could be due to end of month rotations, options/futures expiries, and rebalancing."
Bitcoin has increased by about 3% in the last 24 hours, while ether has increased by 8%.
Latest prices
Bitcoin (BTC): $57,854, +3.83%Ether (ETH): $4,382, +8.32%S&P 500: $4,690, +0.17%Gold: $1,791,...
Biden Renominates Powell to Lead the Fed
U.S. President Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on...
