Author: Samantha Mitchell

Sam Mitchell is a Freelance Writer & Fitness Instructor from South Africa, living in Australia. She comes to the team with extensive writing and Social Media experience, covering a wide variety of genres from blog posts, book reviews, Whitepapers, blogs and guides to news pieces...and more. Sam has been Freelancing for over 17 years, working with many different clients. You can get in touch with Sam at www.stmwritingsolutions.com

The US Securities and Exchange Commission is regulating Crypto to minimize risks to investors. After the recent conference on tokenization by the Banque de France, Crypto Asset Services Providers (CASPs) have to adhere to strict guidelines. The anti-touting provision is integral to the SEC mission, and violators risk fines and sanctions in addition to losing their advertising fees. On June 2021, Kim Kardashian advertised EMAX tokens from EthereumMax to her 331 million followers on Instagram. The reality TV star failed to disclose that she had received $250 million for the ad and misled her fans to believe that she was…

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The Bitcoin Fear and Greed index is at the 24/100 mark. A figure below 50 signifies fears among investors. In a market dominated by extreme fear, investors pull out their wealth by liquidating their assets or avoiding new investments. Despite the low confidence, Bitcoin has established a new level of support at $18,339. The moving average analysis shows that the major Crypto will likely stay below $20,000 in the next 200 days; however, the price range will narrow in the short run. Conversely, technical indicators show that BTC may rally after conquering higher price levels. The third resistance level is…

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The Federal Reserve Chair and other participants at the Banque de France event recently referred to the Crypto industry as the wild west. The Financial industry policymakers resolved to regulate the market and ensure that Crypto Asset Services Providers (CASPs) uphold ethical standards. The implementation of resolutions of governance and accountability is now operationalized. CASPs have to abide by strict guidelines or face sanctions. The Securities and Exchange Commission (SEC) is setting the pace by taking legal action against unethical players in the industry. According to the trending news, the SEC is suing offenders for Crypto crimes. The accused manipulated…

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The world is focusing on promoting Crypto adoption through regulation, as demonstrated by the recent conference hosted by the Banque de France. Meanwhile, Africa is lagging in Crypto adoption. Blockchain technology utilization is also low due to a lack of capital injection into Web 3.0. Polygon aims to make Africa a Crypto and Blockchain hub by teaching the technical expertise in people to enable them to develop decentralized applications. In this regard, the firm is launching a Web 3.0 bootcamp and hackathon in Kenya. Xend Finance is sponsoring the program. The global crypto bank will also fund outstanding developers in…

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The Banque de France hosted top minds in the Financial Industry for the “Opportunities and challenges of the tokenization of finance” event. The pertinent concerns around DeFi emanate from the fluctuating market cycles that oscillate between bears and the current bullish trend. The industry stakeholders have opined to promote regulation to streamline the nascent industry, which they deem disruptive. DeFi and Traditional Finance are Divergent According to Agustín Carstens, the general manager of the Bank for International Settlements (BIS), decentralized and traditional finance vary. The contrast poses a colossal challenge for regulators who increasingly find it daunting to cope with…

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The Crypto market capitalization is up by 4.81% in the last 24 hours after a bear streak. The market value is now on course to breaking above $1 trillion marking the beginning of a bull run that could prevail this week. In the meantime, the stock market is in the red. This is a deviation from a correlation trend where the two markets have been moving in the same direction. NASDAQ-100 is down by 0.5%, and S&P 500 is down by over 1% in the period under review. Recent research by Coinbase affirms that the correlation between the two markets…

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A Harris Poll shows that optimism amongst Crypto investors is sky-high. The study shows that out of the 2,000 participants, 71% of self-declared Crypto holders are confident that they are on the path to being billionaires. In contrast, only 44% of non-Crypto owners think that they have a chance of being billionaires in their lifetime. Crypto Is An Ideal Store Of Wealth The poll affirms that Digital Assets is an ideal wealth store. They have a limited supply, and their demand will keep rising as adoption increases. On the other hand, the other financial assets are prone to market shocks…

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The Internal Revenue Service (IRS) restructured form 1040 to include crypto declarations. Following the change, Crypto holders who fail to disclose their Crypto transactions risk heavy penalties and sanctions. According to Damian Williams, the U.S. Attorney for the New York Southern District, U.S. District Judge Paul G. Gardephe entered an order authorizing the IRS to summon information about Crypto holders. Charles P. Rettig, Commissioner of IRS, and David Hubbert, Deputy Assistant AG for the Justice Department’s Tax Division, revealed that the summon is against M.Y. Safra Bank. The bank has been offering its services to customers of SFOX- a Crypto…

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The Federal Reserve has increased interest rates by 75 basis points, as projected by JP Morgan chief Marko Kolanovic. Although the hike is less than the speculated increase of 1 percentage point Michael van de Poppe projected, the US lending rates are now at a 15-year high. The cost of borrowing from the apex bank ranges between 3% and 3.25%. Following the unanimous decision, the US Stock markets have come tumbling down, and all gains eroded. The Crypto market, meanwhile, is in the red, but the losses are not as steep. Investors Will Lose In The Meantime The monetary policy…

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CNBC’s Jim Cramer and JP Morgan’s Marko Kolanovic forecast a Crypto rally in 2023. In the meantime, the market is sluggish amidst uncertainties regarding macroeconomic hazards like inflation and labor market imbalances. As Crypto becomes more prominent in the financial space, corporates are increasingly delving into the Crypto industry. The latest entrant is Nasdaq. In addition to its product offering, the financial giant has launched a Digital Assets Unit. Introducing the New Digital Assets Unit The new Nasdaq Digital Assets units will offer Crypto Custody services. The division will also roll out Crypto-native anti-financial crime offerings and crypto-related index solutions.…

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