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

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.

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

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 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.

Former CEO of cryptocurrency derivatives exchange BitMEX, Arthur Hayes, called government stablecoins “a real evil” because with their help the government will be able to control the population. In his publication, Arthur Hayes argues that with the introduction of state-owned cryptocurrencies (CBDC), the main actors in this “tragedy” will be the government and the political elite, who will control people as puppets, as well as commercial banks. If the digital currencies of the Central Bank

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The Canadian authorities announced the start of consultations on cryptocurrencies, stablecoins and digital currencies of the Central Bank – experts will study the possible risks associated with crypto assets and make their proposals on the budget. The federal government of Canada made the announcement in its 2022 Fall Economic Report. According to the document, the development of the cryptocurrency industry is transforming financial systems around the world, so the regulation of the country’s financial system

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

A senior commodities strategist at Bloomberg Intelligence believes that the decline in bitcoin and ether amid growing adoption of cryptocurrencies will lead to higher prices for these assets. Mike McGlone, an exchange analyst at Bloomberg research division, noted that the amount of mined bitcoins (BTC) and ethers (ETH) is limited by the code. According to him, the transition of Ethereum to the Proof-of-Stake (PoS) algorithm will reduce the amount of ETH in the market more