If ETH ‘pullback continues,’ a $3K retrace remains in play — Analyst
Crypto analyst Rekt Capital says that Ether could keep consolidating between the $3,000 and $4,000 range, though a pullback to the lower $3,000s remains a possibility following its 10% fall over the past seven days.
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General manager at the Bank for International Settlements (BIS) Agustin Carstens seems to have changed his negative stance towards central bank digital currencies (CBDCs), now stating that such currencies could open up new possibilities.In his speech entitled “The future of money and the payment system: what role for central banks?” published on Dec. 5, Carstens…

Wealth report: As old money procrastinates, young money goes crypto
The rich get richer. According to the Wealth-X consulting company, in 2020, the number of ultra-high-net-worth individuals worth $5 million–$30 million in the world increased by 1.7% to 295,450 people; the combined net worth of this group increased by 2% to $35.5 trillion.Observing the investment preferences of rich individuals and institutional investors is instructive. They…

The Great Reset and accredited investors: Bad crypto news of the week
Bitcoin was down a bit this week, stopping just above $11,000. That increase in volatility is only to be expected, say some experts, as we approach the end of some BTC futures and options contracts. Other contributors to increased volatility include Bitcoin’s long period of consolidation and a key resistance level.But what happens next? World…

Stablecoin market cap hits new all-time high amid 11 months of growth
The stablecoin market cap, excluding algorithmic stablecoins, has reached $168 billion, its highest point in history.

Kamala Harris’ campaign isn’t directly accepting crypto — a Super PAC is
A spokesperson for the Harris campaign confirmed with Cointelegraph that the Future Forward PAC was set up to receive crypto donations to support the Democratic candidate.

US regional bank shares sink despite Fed calling banking system ‘sound’
PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options. 520 Total views 9 Total shares Own this piece of history Collect this article as an NFTShare prices of several United States regional banks tanked in after-hours trading Wednesday, despite Federal Reserve Chairman Jerome…

Robinhood cashes in on lockdown trading surge with $660M Series G funding
The stock and crypto trading app has added a further $460 million in the last closings of its new funding round. Retail traders have been flocking to trade stocks and cryptocurrencies on the popular app Robinhood — and it shows in the company’s latest Series G funding round.On Sept. 23, a spokeswoman for Robinhood Markets…

Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve
Satoshi Yamada asked the Japanese government whether it could "convert part of its foreign exchange reserves" into Bitcoin or another token.