Daily Archives: 26/11/2021

Powell’s reappointment as Fed chairman will have a beneficial effect on the cryptocurrency market

Most experts are confident that the reappointment of Jerome Powell as chairman of the Fed will allow the bulls to maintain their previous strategy of investing in cryptocurrencies. Mike Bailey, research director at FBB Capital Partners, believes that this decision will serve as a signal for traders who profit from the rally in the market to stick to the old investment strategy. “For die-hard crypto bulls, Powell’s reappointment could provide some stability as these investors…

European Council approved two proposals to regulate digital assets in the EU

The European Council will form a three-year mandate to negotiate with the European Parliament and work on creating a regulatory framework for the cryptoasset market. The European Union Cryptocurrency Regulation (MiCA) Bill is designed to protect investors and consumers from fraud. It provides guarantees that investors’ money will be safe in the event of a hack. If the authorities consider that specific virtual currency exchange platforms pose a threat, they can ban them in accordance…