Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country.
Despite the lack of clarity in the rules, the SEC chairman has reiterated that any attempt to create new laws will unsettle the status quo.
The Alibaba growth sentiment has spread to the entire Chinese sector with the shares of other competing firms soaring following the news.
It is said that the new CEO is equipped as the “best pilot” to navigate the current business challenges.
Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO.
The regulatory crackdown was highly anticipated based on the recent White House report to Congress, which called crypto volatile for investment.
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
Thursday’s price pump in crypto comes following a rally in US equities as markets choose to look beyond the Fed rate hikes.
Some crypto industry insiders believe that BTC price can surge to its previous all-time high of $69,000 and even beyond to $100,000.
According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term.
Amid its ongoing crackdown on crypto entities, the SEC issued an enforcement action Wells notice to Coinbase.
Gary Gensler noted that the case indicates the high risks investors face when there is no proper disclosure before the offering of crypto asset securities.
Fed’s fight over inflation continues and they have shown determination to bring it under the 2% target. Bitcoin has entered a mild correction along with US equities.
Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer.
The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000.