Bitcoin Could Reach $45K by Year-End, Analyst Says
Options market positioning and dovish Fed expectations indicate the path of least resistance is on the higher side.Source
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Entries by GRYZUoDLu7t8z22
U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime.Source
‘Cryptocurrencies Have Failed the Test of Digital Money,’ MAS’ Managing Director Says
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.Source
South Korea’s Pension Fund Bought $20M Coinbase Shares in Q3, Made 40% Profit: Report
The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.Source
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement.Source
NYDFS Rolls Out Stricter Guidelines for Cryptocurrency Listings, De-listings
The New York State Department of Financial Services (NYDFS) has said it strengthened its guidelines for listing or de-listing cryptocurrencies in a move to beef up protections for crypto investors throughout the state, NYDFS Superintendent Adrienne A. Harris said Wednesday in a statement.Source
Protocol Village: Kinetix Gets Strategic Investment to Build on Gnosis
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 16-22, with live updates throughout.Source
Blockchain Developer Lattice Unveils ‘Alternative Data Availability’ Network for Optimism
Redstone is operating in testnet, and aims to be cost-effective for on-chain games and decentralized applications.Source
Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing.Source