WSJ: Genesis Requests $1 Billion Emergency Loan

Cryptocurrency News

The Wall Street Journal (WSJ) has obtained a confidential document from crypto lender Genesis, in which he appeals to potential investors for financial assistance secured by a stake in the business. Crypto lending company Genesis unsuccessfully attempted to secure a $1 billion emergency loan before suspending withdrawals, the WSJ reports. on the balance sheet of Genesis. The crypto lender offered potential investors the opportunity to obtain a majority stake in Genesis, a stake in one…

El Salvador will buy one bitcoin daily

Cryptocurrency News

El Salvador’s President Nayib Bukele has announced that the country’s government will resume buying bitcoins. From November 18, El Salvador will buy one bitcoin every day. Nayib Bukele tweeted about this, but he did not specify how long the Bitcoin acquisition program will last. This statement speaks of the president’s confidence in the first cryptocurrency, despite the current market decline and its high volatility. “We are buying one #Bitcoin every day starting tomorrow.” Bitcoin was…

CedarFX - Trade with the First Eco-Conscious Broker

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Bitcoin Policy Co-Founder: “FTX Bankruptcy Will Increase Trust in Bitcoin”

Cryptocurrency News

Bitcoin Policy co-founder David Zell believes that despite the negative impact of the collapse of the FTX exchange on the cryptocurrency industry, this will strengthen the confidence in bitcoin. Speaking on the TV show “Just the News, No Noise,” David Zell said that in the long term, the bankruptcy of the FTX trading platform will increase the adoption rate of bitcoin. Zell noted that, despite the sensational situation with FTX, many still believe in bitcoin.…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified…

US Congressman Blames Crypto Billionaires for Delaying Laws

Cryptocurrency News

US Congressman Brad Sherman said that the collapse of the FTX exchange demonstrated the need for regulators to take more aggressive action against the industry. Brad Sherman has advocated an aggressive Congressional approach for years. According to him, in light of recent events related to the collapse of the FTX cryptocurrency exchange, he intends to study options for the formation of new laws together with other congressmen. He also expressed the hope that participants in…

David Chaum wants to make the state digital currency anonymous

Cryptocurrency News

The developer of the eCash cryptocurrency, Bitcoin’s predecessor, is working with the Swiss National Bank (SNB) on the central bank’s digital currency privacy project. According to David Chaum, his Tourbillon technology will ensure the anonymity and quantum invulnerability of the central bank’s digital currencies. The system is scalable because it “uses an architecture compatible with, but not based on, distributed ledger technology.” Chaum’s blind signature concept avoids trade-offs between cyber resilience, scalability, and user privacy.…

JPMorgan: “FTX Crash Could Send Bitcoin Down to $13,000”

Cryptocurrency News

Analysts at investment bank JPMorgan believe that the fall of bitcoin is not over – the crisis associated with the lack of liquidity of the FTX exchange could lead to “cascading liquidations”. The JPMorgan analyst team, led by strategist Nikolaos Panigirzoglou, stressed that investors in the cryptocurrency market are just realizing the gravity of the situation, which is developing too rapidly. Analysts called this crisis “another step in the reduction of margin positions,” which could…

New York Fed and BIS Test Central Bank Digital Currencies for International Settlements

Cryptocurrency News

The Federal Reserve Bank of New York is partnering with the Bank for International Settlements (BIS) Innovation Center to test government stablecoins to improve foreign exchange transactions. This study was conducted as part of the Cedar project organized by BIS to test wholesale CBDCs in international transactions. Director of the New York Innovation Center (NYIC) Per von Zelowitz noted that thanks to the blockchain, payments using foreign currencies can be made within 10 seconds. In…

The number of crypto ATMs in Canada increased by 28%

Cryptocurrency News

The number of machines for buying cryptocurrencies on the planet continues to grow. For the year in Canada, there were 2,549 units. Since the beginning of the year, about 400 new cryptomats have been installed in Canada. This is 28% more than in January-September last year. In January 2022, there were 2,174 ATMs in the country. Analysts note that the indicator will continue to grow, even despite the extremely difficult period for the cryptocurrency industry.…