Macau Discusses Bill That Proposes to Make Digital Currencies Legal Tender – Regulation Bitcoin News

Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, a report has said. The report also suggested that individuals who reject or refuse to accept legal tender will be fined between $123 and $1,230. Improving Macau’s Legal System An executive council of Macau, an autonomous region on China’s south coast, recently completed discussing the draft bill proposing to include digital forms of currency in its basket of financial instruments Read more …

98% of CEOs Preparing for US Recession — Confidence at Lowest Level Since Great Recession – Economics Bitcoin News

The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,” the organization said. 98% of CEOs Expect Recession in the US The Conference Board published its Measure of CEO Confidence on Thursday. The board is a global, non-profit research group with over 1,000 public and private Read more …

Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes – Markets and Prices Bitcoin News

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm elections. O’Leary emphasized that crypto cannot be stopped, stating: “You either join the wave or get lost.” ‘Regulations Come, Bitcoin Goes Up’ Shark Tank star Kevin O’Leary, the chairman of O’Shares Investment Advisers, shared his reason why investors should long bitcoin on the Crypto Banter Youtube channel Friday. Read more …

Regulation Is Coming, Bitcoin Will Benefit – Bitcoin Magazine

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.” The continued discussion about the need for a comprehensive U.S. regulatory framework to identify opportunities and risks within the rapidly growing Bitcoin sector has caught the attention of the wider public. Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), said recently that proper regulation of the cryptocurrency space could have significant positive effects on market growth, particularly for bitcoin. “Growth might occur if we have Read more …

Bitcoin Price Lacks Momentum But BTC Holders Are Safe: Here’s Why

Bitcoin price struggled to clear the $20,000 resistance zone against the US Dollar. BTC might decline, but there is a key support waiting near the $18,900 zone. Bitcoin failed to gain momentum for a move above the $20,000 resistance zone. The price is trading below $19,400 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could Read more …

Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News

Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed. Peter Schiff on U.S. Economy: Two Possible Outcomes Gold bug and economist Peter Schiff continued to share his view on the U.S. economy and the Federal Read more …

Taproot And FROST Improve Bitcoin Privacy – Bitcoin Magazine

This is an opinion editorial by Dan Gould and Nick Farrow. Gould is a developer who worked on TumbleBit, PayJoin and Chaincase App and has been sponsored by Human Rights Foundation and Geyser Grants. Farrow is an Australian Bitcoin engineer best known for his open source payment processor SatSale. “Hey, I just got an invite to this hackathon in Malaysia,” said Evan Lin, interrupting my flow over my laptop in the Taipei Hackerspace. “That sounds magic,” I snapped back. “Can Read more …

Will Bitcoin Become More Volatile As US Inflation Hits 8.2%

The impact of macroeconomic factors on crypto and Bitcoin is increasing as inflation gets stronger. Both the crypto and the traditional market are facing a raging storm. Many international bodies fear that a possible global recession will soon break out. Another round of volatility has commenced in the crypto market. The cause is the US Consumer Price Index (CPI) report. The data is at 8.2% for the September record. The United States CPI data serves as a gauge for measuring Read more …

Elon Musk Says Spacex Will Keep Funding Ukraine for Free Even Though Starlink Is Losing Money — $80M Spent so Far – Featured Bitcoin News

Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against cyberattacks and jamming, which are getting harder,” Musk stressed. We’ll Keep Funding Ukraine for Free, Says Musk Spacex has been sending Starlink internet terminals and providing services to Ukraine since the onset of Read more …

Trust Wallet Token (TWT) Shows Bullish Signs, Will Price Breach $1.5?

TWT’s price shows strength as the price breaks out of a downtrend with good volume with eyes set on $1.5.  TWT bounced from a low of $0.88 as the price rallied to a high of $1, preparing for a rally as the price showed bullish signs.  The price of TWT continues to trade above 50 and 200 Exponential Moving Averages (EMA) ahead of the daily close.  The price actions shown by Bitcoin (BTC) have affected most altcoins negatively as some Read more …

While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion – Altcoins Bitcoin News

It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June, Terra’s total value locked (TVL) in decentralized finance (defi) has increased from $350,174 to today’s $41.55 million. A Look at Terra’s Blockchain Ecosystem Over the Last 5 Months Since the Collapse The Read more …

Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry – Mining Bitcoin News

Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for Crypto Business Binance, the world’s leading crypto exchange by daily trading volume, has announced a plan to extend financial support to companies involved in the extraction of cryptocurrencies. The Read more …