Signs emerging of a thaw in the crypto winter
testing year highs on Friday as a run of favourable regulatory and investment moves has started to shift momentum in markets that had been stuck in a rut for months.since June 2022 overnight, touching $31 818 on the Bitstamp exchange. It is up more than 90% for the year so far and nearly 30% in a month.
“The regulatory environment is changing,” said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. “And by what we have seen in the last 24 hours, it could be for the better.” “If centralised crypto projects aren’t securities, then that may make it more likely for the Commodity Futures Trading Commission to be primary regulator for the industry, which is something most people in crypto would prefer,” said Greg Moritz, chief operating officer of crypto hedge fund Alt Tab Capital.
Crypto assets are now trading near or above levels plumbed when the collapse of the FTX exchange last November plunged the sector in the depths of what has been called the “crypto winter”. Celsius founder Alex Mashinsky also pleaded not guilty to his charges on Thursday and, to be sure, plenty of other legal challenges remain pending and market setbacks are expected.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moving from paper to digital business - TechCentralPromoted | Ricoh provides a guideline to the journey many of its own customers have taken with great success.
Read more »
Stalled 1.8GW in power projects risk losing grid access - TechCentralCompanies yet to complete financing arrangements to build 1.85GW of generation capacity may soon lose the right to connect to the national grid.
Read more »
Aarto: 'Valid and constitutional, but still impractical' - TechCentralThe constitutional court has found that the Administrative Adjudication of Road Traffic Offences Act is constitutional after all.
Read more »
Be a guest on South Africa's leading technology talk show - TechCentralDid you know your company’s executives could be next in the spotlight on South Africa's best technology talk show?
Read more »
Simplify your Sim management with iONLINE - TechCentralPromoted | iONLINE has launched the latest version of CentralFlex, its Sim and data management platform for 3G, 4G, 5G, NB-IoT and LTE-M connectivity.
Read more »
Know your digital enemy, know your response - TechCentralPromoted | Security breaches are an inevitability, which is why a well-prepared incident response plan is key.
Read more »