US Senators Want Crypto To Be Under the CFTC’s Control

US Senators Want Crypto To Be Under the CFTC’s Control

The US Senate wants to take the crypto regulatory power of the SEC and put it in the hands of the CFTC, which the lawmaking body views as much better for the market. During the U.S. Congressmen on August 3, a new bill was proposed under a joint agreement of four Senators from the Senate Agriculture Committee. The proposal indicates that the Senators want the Commodity Futures Trading Commission (CFTC) to regulate crypto, instead of the SEC. Cryptos as a Commodity All businesses and people who trade futures contracts, including…

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Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average. McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies. Bitcoin is currently trading at $23,203.64, according to CoinGecko, a %66.4 drop from its all-time high. According to McGlone, a senior commodity strategist at Bloomberg Intelligence, Bitcoin and other cryptocurrencies are trading at a significant discount. Currently trading…

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Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance

Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance

Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning followed numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx. Binance’s Warning: Transfer Your Funds The conflict between global crypto exchange Binance and Indian crypto exchange Wazirx has deepened. Binance CEO Changpeng Zhao (CZ) tweeted Friday, advising anyone with funds on Wazirx to transfer them to Binance. He warned: “We could disable Wazirx…

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