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El Salvador President Nayib Bukele doesn’t need no stinkin’ stop loss on the coins he bought MUCH, MUCH higher – its not his money!
Doubling up to catch up.
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US Treasury Secretary Janet Yellen is set to a speech on cryptocurrency policy and regulation.
- Thursday 10:30 a.m. ET (1430 GMT)
- will outline possible steps the Treasury could take to investigate the use and technology of digital assets
US Treasury statement:
“Secretary Yellen will make the case for a consistent and comprehensive policy framework that promotes responsible innovation of digital assets and appropriately assesses and mitigates the risks they may pose”
BTC update … running scared of Yellen:
Bitcoin has decreased over the past week by 0.9%, ending it at around $38,700. Yesterday, the decline continued, bringing the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other leading altcoins from the top ten show mixed dynamics over 24 hours: from a decline of 3.8% (XRP) to a rise of 3.3% (Terra).
According to CoinMarketCap, the total capitalization of the crypto market decreased by 14% in 24 hours, to $1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%.
Slight jump in crypto assets on the tweet. He says that:
“As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.”
Crypto-assets issued and/or traded in the EU “shall be subject to minimum environmental sustainability standards and set up and maintain a phased rollout plan to ensure compliance” with those requirements, according to the final draft for the law, dubbed MiCa, that was seen by Bloomberg News. The Economic and Monetary Affairs Committee will vote on the bill on Monday.
The reference to minimum sustainability as well as rollout requirements appear to be last-minute changes introduced to curb, or ban, the use of digital currencies working on a so-called “proof-of-work” consensus mechanism, for instance Bitcoin and Ethereum .
Crypto-focused media says the outcome of the vote appears to be more or less 50-50.
BTC has lost ground as concerns gather pace:
The statement has been taken down from Treasury’s site, looks like a mistaken early release. Hre is a pic though