US Lawmakers Introduce Bill Allowing Crypto Investments in 401(k) Retirement Plans – Regulation Bitcoin News

Several US lawmakers have introduced the Retirement Savings Modernization Act to ensure 401(k) retirement savers have access to a wide range of investments, including crypto assets. “With record-high inflation, a falling stock market and a potential recession on the horizon, many Americans are rightly concerned about their financial future,” said US Senator Pat Toomey. The Law on the Modernization of Pension Savings was introduced The U.S. Senate Banking, Housing and Urban Affairs Committee announced Thursday that Senators Pat Toomey (R-PA) and Tim Scott (R-SC) and Representative Peter Meijer (R-MI) have introduced a bill called the Pension Modernization Act savings. The

Read More

For years, extreme fear reigned over the crypto market

In 2022, the crypto market has so far spent most of its time in fear territory, with much of it being particularly deep in extreme fear. Crypto Fear and Greed Index Still Pointing to “Extreme Fear” According to the latest weekly report from Arcane Researchthe market is still terrific without any interruptions for 178 days. “index of fear and greed” is an indicator that tells us about the general mood among investors in the crypto sector. The metric uses a numerical scale ranging from zero to one hundred to represent this feeling. All values ​​above 50 indicate that investors are

Read More

French Central Banker Warns Complex Crypto Regulations Could Create ‘Uneven Playing Field’ – Bitcoin News Regulation

The governor of the French central bank, François Villeroy de Galhau, called on EU regulators to “avoid adopting different or contradictory regulations, or regulating too late”. He warned that “this would mean creating an uneven playing field, risking arbitration and cherry-picking.” The governor of the French central bank warns against the adoption of “unduly complex” crypto regulations Banque de France Governor François Villeroy de Galhau spoke about cryptocurrency regulation at a digital finance conference in Paris on Tuesday. The French central banker emphasized: We should be extremely careful to avoid adopting divergent or contradictory regulations, or regulating too late. This

Read More

Crypto downtrend led investors liquidate over $432 million

The overall financial market this week is discouraging. Stocks and cryptocurrencies fall as expectations of an upcoming rate hike rise. The latest CPI for August was the force that pushed the market over the edge. The figure was higher than expected, raising fears in the industry. As the Fed prepares to hit the market with the biggest rate hike, stock markets have started to liquidate leveraged positions. This strategy is aimed at reducing losses as events unfold. Related reading: WATCH: Bitcoin Bloody Monday Leads to Reversal | BTCUSD September 19, 2022 Traders’ positions liquidated due to market panic Coinglass has

Read More

Nanjing University is setting up one of the first Metaverse Majors in China – Metaverse Bitcoin News

Nanjing University in China has reportedly launched one of the country’s first majors dedicated to the study of knowledge related to the metaverse. The university, located in eastern China, said this new push is aimed at putting new courses related to the metaverse to help more students meet the needs of metaverse companies. Nanjing University will train Metaverse workers More universities and educational institutions are incorporating the metaverse as an element in their courses around the world. This time, Nanjing University, located in eastern China, will launch one of the country’s first metaverses in its newest metaverse.

Read More

The Fed’s rate hike spurred crypto market liquidations of more than $330 million

Wednesday’s FOMC meeting and its subsequent results had a profound impact on the state of the crypto market. Given the large swings in price during and after the meeting, liquidation volume increased rapidly across the market. Tens of thousands of retailers were caught in the crossfire in what turned out to be the biggest liquidation trend in months. Crypto liquidations reach $330 million On Wednesday, the Fed announced it was raising interest rates by another 0.75 basis points. This decision directly affected the crypto market as well as the broader macro markets, causing the price of bitcoin to fall by

Read More

Demand For Cryptocurrency As A Payment Method Has Dropped Drastically – Featured Bitcoin News

Global investment bank JPMorgan sees little demand for cryptocurrencies as a means of payment. However, the bank noted that cryptocurrencies are getting “bigger and bigger” in the gaming sector, including the metaverse. JPMorgan sees little demand for cryptocurrencies as a payment tool Global head of payments for JPMorgan’s Corporate & Investment Bank division, Takis Georgakopoulos, spoke about client demand for cryptocurrency as a payment method in an interview with Bloomberg Television this week. He said: We have seen a lot of demand from our customers, say up to six months ago. We see very little at the moment. Noting that

Read More

Will October bring fear to crypto for 200 consecutive days?

Data shows that the crypto market has been in fear for 171 days, will the streak continue in October and reach 200 days? The Crypto Fear and Greed Index indicates an extremely scary market According to the last weekly report from Arcane Researchthe crypto market continues to show fear since April this year. “index of fear and greed” is an indicator that measures the general sentiment among investors in the cryptocurrency market. To represent sentiment, the metric uses a numerical scale ranging from zero to one hundred. All index values ​​above 50 imply that the market is greedy, while those

Read More

Indonesia to tighten crypto regulation with stricter exchange rules – Bitcoin News Regulation

Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under the revised regulatory framework, two-thirds of the directors of crypto exchanges must be Indonesian citizens residing in the country. Indonesia plans to tighten crypto regulation Indonesia is preparing to issue new rules to tighten regulation of crypto exchanges, officials from the country’s trade minister and Commodity Futures Trading Regulatory Agency (Bappebti) said at a parliamentary hearing in Jakarta on Tuesday. One of the new rules requires that two-thirds of crypto exchange directors be Indonesian citizens residing in the country. Didid Noordiatmoko, acting head of Bappebti,

Read More

1 2 3 58