Wall Street companies successfully manipulate the price of the desired crypto asset in their own interests, conducting active media propaganda to increase or decrease the rate.
At weekly highs, the market turned into a downtrend. The pullback and consolidation will continue with a decline towards the nearest support levels.
On December 18, a new version of Cardano 1.4 was released, which representatives of the organization call “the most significant update.” According to them, this update will significantly improve network reliability and solve some connectivity problems.
On December 20, two US congressmen submitted a bill to the House of Representatives, according to which cryptocurrencies would not be considered securities. The "Token Classification Act of 2018" was introduced by Warren Davidson and Darren Soto and calls for excluding digital currencies from the definition of securities by amending the Securities Act of 1933 and the Securities Exchange Act of 1934.
Huobi, one of the largest cryptocurrency exchanges in the world, recently published a list of 32 digital currencies that are at risk. The company marks with the “ST” label companies that issue tokens and do not publish their quarterly or semi-annual report on time twice in a row.
Facebook Inc. is working on creating a cryptocurrency that will allow users to transfer money through the WhatsApp application, focusing primarily on the Indian market. Facebook is still working on a strategy for issuing its own stablecoin, searching for a custodian, and considering methods of storing fiat that will back the coin.
Despite the problems inherent in the current Bitcoin futures market, Bakkt's first-of-its-kind Bitcoin futures contract appears to be ready for regulatory approval.
A report published by the International Monetary Fund found that 15 different countries are considering joining the global fintech trend and adopting digital currencies as a payment method. In its report, the IMF identified two main reasons why they might make such a decision.
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