The Federal Open Market Committee's recent meeting left the markets confused due to ambiguous messaging, leaving them struggling to interpret the signals conveyed by both the FOMC statement and Chair Jerome Powell's comments. This is a common occurrence in central bank policy-setting, which often involves abstruse signals. However, the emergence of new tools like blockchain's cryptographic verification systems could potentially aid policymakers in making more informed decisions.
Why Does Crypto Have The Same Pattern
Why Does Crypto Have The Same Pattern latest news, images, analysis about WebSep 1, 2021 · Ethereum has been trading in a $1,500 to $4,400 range for the past year and has been forming a wedge pattern over the past few …
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The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
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On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
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The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
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Data from CryptoSlam, a platform tracking cryptocurrency statistics, reveals that NFTs built on the Bitcoin network have generated an impressive $167 million in the last month, rapidly approaching Ethereum's leading position.
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The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.
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