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An official US statement on the collapse of the cryptocurrency market

An official US statement on the collapse

After the recent shock to the cryptocurrency market after the fall of the cryptocurrency exchange FTX, thousands of investors in the United States and abroad have lost a lot of their money and investment. The US Treasury's remarks largely reflect the concerns expressed by banking regulators in the two-day congressional hearings. “The recent fiasco of a cryptocurrency exchange, and the unfortunate impact this has had on digital asset holders and investors, demonstrate the need for more effective oversight of the

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life style

Is Crypto going to collapse?

Is Crypto going to collapse

Once again, the question is asked again, is the cryptocurrency market close to collapse? Away from the continuous rise of the US dollar against a basket of global currencies and its transformation into one of the sources of investment for most investors in all countries of the world, but the shock received by the “crypto” market after the announcement of the bankruptcy of a famous platform may indicate shocking expectations regarding the future of digital currencies. FTX, one of the

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forex

The collapse is chasing digital currency giants and companies preparing for bankruptcy

A recent report suggested that the wave of collapses in the cryptocurrency market will continue after the announcement of the bankruptcy of the “FTX” platform, as the cryptocurrency lending platform “Block V” is preparing to file for bankruptcy, with great exposure to the “FTX” platform, which is scheduled to To be subject to investigation with the US authorities after declaring bankruptcy during the past few days. Since the highest value recorded by the “crypto” market, last November, the combined market

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Economie

Cryptocurrencies lack liquidity

Cryptocurrencies were the most listened and offered last period by analysts and traders to generate massive money in the long or short term. After the crash of the market with the fall of Terra Luna and the bankruptcy of FTX, many hypotheses and theories have emerged after this fact, but it does not rule out the fact that the method of earning without doing anything is ambiguous until now. In today's article, we will see how influencers, media and computer

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Cryptocurrency

Strong statements on regulating cryptocurrency

Strong statements on regulating cryptocurrency

US Treasury Secretary Janet Yellen stressed during a press release on Wednesday, following the collapse of the FTX crypto exchange last week, that the recent crash demonstrated the need for more effective oversight of the cryptocurrency markets. Yellen added that the reports issued by the Treasury Department in response to the executive order issued by US President Joe Biden last September regarding digital currencies identified several risk factors in the markets, and that if these reports had shifted control policies,

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News

What is the future of HOT coin

What is the future of HOT coin

There are many privileges of the Holo Chain network that have brought high revenues to the future of the HOT coin, including the following: The ability to create many applications by customers on that network known as (hApps) easy to access. The applications built with it give the advantages of exclusivity to carry out any of the delicate financial transactions without having to rely on external protocols and permissions. It outperforms many other currencies and other complex protocols. This network

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forex

What is the future of Bee coin

What is the future of Bee coin

Bee currency is a digital currency like many other currencies available in different financial markets. If you want to know the present and future of the currency, it is as follows: The currency is still up to the present time in its first steps. But it is expected that the number of its users will reach more than 8 million users who deal with it on their personal devices. 2- Bee . coin spread Bee coin was introduced in the

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Economie

Is the future of encryption split or annihilation?

Is the future of encryption split or annihilation

Just when it seemed like the crypto world couldn't get any crazier, did it. Last week, Sam Bankman-Fried, the 30-year-old genius who oversaw a more than $32 billion empire consisting of cryptocurrency brokerage FTX and Alameda Fund, yesterday declared his company bankrupt. However, it is wrong to assume that this means that all cryptocurrencies are gone. One reason is that there is still a large group of players using digital assets to evade government controls, whether due to libertarian ideologies,

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Cryptocurrency

The crisis of confidence in the cryptocurrency market

The global labor market is witnessing a decline in the wake of sudden events by abandoning thousands of jobs in large electronic projects. A decision, following the loss of the Meta platform (Facebook) on the Wall Street Stock Exchange, for its CEO is to get rid of more than 11,000 employees in it. Then came the shock to speculators in the digital currency market, when the “Terra Luna” currency collapsed, and in just hours the value of all market cryptocurrencies

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life style

Cryptocurrencies… a buying opportunity or more free fall?

Regressions that we do not prefer to describe as the collapse of digital currencies against the background of the crisis of the FTX platform and talk of merging them with Binance, which the latter denied hours ago. But we do not prefer to talk about sharp collapses unless what is meant is the marginal currencies. As for Bitcoin, Ethereum and Litecoin, the matter is completely different, as we tested lower levels than the current levels on those currencies during this

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