European Central Bank reiterates the need to regulate Bitcoin
Christine Lagarde, president of the ECB, reiterates the need to regulate Bitcoin. Is the nightmare about to become a reality? Is it that bad?
Crypto regulation has been an issue that has gained considerable momentum especially during 2020. However, it is far from being a recent issue. Nevertheless, Christine Lagarde, president of the ECB, reiterates the need to regulate Bitcoin.
How important is regulation in the crypto world?
Immediate regulation for Bitcoin!
Christine Lagarde, president of the European Central Bank (ECB), participated in an interview with Reuters Next where she argued that „Bitcoin is a highly speculative asset, which has conducted some fun business and interesting and totally reprehensible money laundering activity.
So he assures that the leading crypto needs to be regulated. However, „this has to be applied and agreed globally because if there is a leak, that leak will be used“.
In this sense, „global cooperation, multilateral action is absolutely necessary, whether initiated by the G7, moved to the G20 and then expanded. It is something that must be addressed“.
However, the Bitcoin regulation does not have to be associated with anything negative. In fact, Peter Wall, a Bitcoin crypto miner from the US, calls the regulations positive for crypto, since they encourage its adoption.
Jim Cramer advises when to buy and when to sell Bitcoin
Howard Marks Remains Skeptical of Leading Crypto but Without a Firm Opinion
The leading crypto activity, especially during the last year, has managed to steal more than one heart among the multimillionaire investors. However, Howard Marks reaffirms that it has not been able to beat him.
Specifically, in his latest report, the billionaire co-founder of Oaktree Capital Management explains why he had been so skeptical of Bitcoin and what his current position on the asset is.
Interestingly, Marks says he remains skeptical of Bitcoin, not because crypto is worthless or has no potential, but because skepticism is a key strategy for the value investor.
„It’s this skepticism that reduces the likelihood that the value investor will lose money,“ says the billionaire.
Thus, he admits to having come to the conclusion that he is not sufficiently informed to form a firm opinion about cryptomonies. So, „in the spirit of open-mindedness, I strive to learn,“ he said.
How strong was this fall compared to the 2017 Bitcoin rally?
Anchorage has received the permissions to be the first digital bank
The Office of the Comptroller of the Currency (OCC) has given the green light to the crypto signature Anchorage for a national trust status and the creation of Anchorage Digital Bank.
Therefore, according to the announcement, the crypto signature has the conditional authorization to operate as a trust institution nationwide.
However, this was not achieved without giving in to the OCC. Thus, the announcement specifies that „as a condition for approval, the company entered into an operating agreement that sets forth, among other things, OCC’s capital and liquidity requirements and risk management expectations“.
OCC will allow the use of Blockchain and Stablecoins
Lindsay Lohan promotes crypts
Lindsay Lohan was hired to do a crypt coin advertisement. This happened through a platform called Cameo.
„I’m just here to say that Ethereum goes for $10,000 and Bitcoin goes for $100,000. Enjoy a prosperous 2021 and I hope everyone can drive their lambos to the moon.
According to the platform, anyone can request a video from Lohan for $350 and enter the chat for $19.99. Would you pay for it?
Dash wakes up against the US dollar
In a few lines…
The cryptographic firm Ledger revealed that the personal data of another 20,000 customers was exposed after a security breach of their databases. Thus, the total number of affected people is 292,000.
The setback suffered by Bitcoin made it much stronger, assures the CEO of the crypto exchange Binance, Changpeng Zhao.
Jonathan Ruffer, CEO of Ruffer Investment Company, said that the company converted part of its gold holdings into Bitcoin in November 2020.