Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
Lael Brainard, the vice-chair of the US Fed, advised attendees at a Bank of England seminar in London on July 8th to regulate crypto now or regret it later. Brainard asserted that cryptocurrency needs “strong guardrails.” This is because it faces the same fundamental dangers as conventional finance. She provided the recent market slump as…
Recently, the US Fed Reserve held a conference in the United States. The panelists agreed that a digital Dollar would not affect the international currency system. Additionally, they agreed that other CDBCs do not threaten the value of the USD. However, well-developed cryptos could change the global role of the USD. Some members stated that…
Currently, regulators worldwide are still looking for the best way to regulate the $900-billion industry. Meanwhile, on the 22nd of June, Euronews stated that: “While some state have partially regulated the sector, others have left the sector without regulations.” Swiss Watchdog, FINMA, Calls For Complete Regulation Of Crypto Market Various officials warned that not regulating…
Top cryptos in the financial space appear on a violent move this weekend. However, not all cryptocurrencies move in a similar direction. Let us dig deep. What Happened? If you have not checked your cryptocurrency in the past 48 hours, a lot may be waiting for you. The crypto space is in turbulence at the…
