Bitcoin is now less volatile than S&P 500 and Nasdaq

[ad_1] Bitcoin (BTC) held gains above $21,000 into Nov. 5 as the U.S. dollar posted a rare major daily decline.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewDollar dives 2% as risk assets recoverData from Cointelegraph Markets Pro and TradingView showed BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a new seven-week high.The pair had benefited from the latest United States economic data, while the dollar conversely

Joe Biden unhappy with Elon Musk for buying a platform that “spews lies”

[ad_1] The relevance of social media platforms in swaying global politics was first highlighted with the rise of Facebook (rebranded later to Meta), which was accused of manipulating information based on user demographics. Twitter, which was recently acquired by Elon Musk, got the short end of the stick as US President Joe Biden accused the website of spewing lies.Biden attended a fundraising event in Chicago for upcoming elections, wherein he
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Polygon (MATIC) and Enzyme (MLN) lose investors to Orbeon Protocol (ORBN) despite 25% growth

[ad_1] Advertisment Investors are a strange and mercurial bunch as anyone who spends time among their ranks will attest. Of course, investors like to think that they are rational and this gives rise to something called the “Rational Actor Theory” or “RAT” for short. However, closer analysis reveals that investors are actually not all that rational most of the time. That’s why they often do seemingly irrational things, such as

Ethereum inches even closer to total censorship due to OFAC compliance

[ad_1] Considering that protocol-level censorship is deterrent to the crypto ecosystem's goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over 73% of its blocks.Ethereum sporting 73% OFAC-compliant blocks. Source: In Oct. 2022, Cointelegraph reported

CBDCs are a declaration of war against the banking system claims economist

[ad_1] CBDCs are a declaration of war against the banking system, Richard Werner — development economist and professor at De Montfort University — told Cointelegraph at Web Summit on Nov. 4.Known for his quantitative easing theory, published almost 30 years ago, Werner is an advocate for a decentralized economy. In an exclusive interview with Cointelegraph's editor-in-chief Kristina Lucrezia Cornèr, he discussed the challenges that surround decentralization, the role of central

OCC makes its staff available for fintech-related discussions

[ad_1] The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to discuss financial technology.In a Nov. 3 announcement, the OCC said entities considering fintech products and services, partnerships with banks, or concerns “related to responsible innovation in financial services” have the opportunity for one-hour meetings with its staff between Dec. 14-15. The government office said it

Is Bitcoin bullish or nah? Here is what is really going on with BTC price

[ad_1] Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve. Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining Bitcoin (BTC) as the world’s future reserve asset and ultimate store of value. Apparently. Well, this week (Nov. 2) theFed raised interest rates

NY Fed releases results of wholesale CBDC research

[ad_1] The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the

JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined

[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The first week of November proved to be the institutionalization of DeFi markets as major international banks and financial institutions executed and completed their first DeFi transaction.The global financial giant JP Morgan completed its first-ever cross-border transaction using DeFi on a public blockchain with