Tuesday, November 29, 2022

JUST IN – #Bitcoin, cryptocurrencies have soared following the premature release of a U.S. Treasury statement on Biden’s expected executive order on digital assets.

Crypto CONTAGION spreads as Ponzi-like elements of the crypto ecosystem start unwinding uncontrollably

by Mike Adams, Natural News:

Crypto carnage is spreading quickly, with the LUNA token demonstrating a near collapse a few weeks ago, and now the Celsius crypto lending platform declaring what is essentially a “bail-in” freeze of all customer assets.

If you had crypto deposited with Celsius, you no longer technically own it since you no longer control it. Celsius just halted all withdrawals, which is something banks do when they are on the verge of collapse. Now the only real question is how far this systemic purge of the crypto bubble will go: Is Tether about to crater? What about Microstrategies, the largest holder of Bitcoin? CEO Michael Saylor is now publicly trying to assure everyone that Microstrategies won’t collapse. Usually this is the kind of thing CEOs say when they are approaching collapse.

Singapore’s Central Bank: We Want to Be a Responsible Global Crypto Hub

by Kevin Helms, Bitcoin:

The Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,” said the central bank chief.

Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin

by Jamie Redman, Bitcoin:

Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During the signing ceremony for a bill focused on financial literacy, DeSantis said that the government is working on accepting bitcoin “for payments in the state of Florida.”

How Banks Are Trying To Discredit Bitcoin

from Great Game India:

Bitcoin’s popularity grows year after year. By every criteria — financial value, adoption rates, transaction volume, you name it — Bitcoin is becoming popular. Fearing its capacity to upset the financial system, banks are trying to discredit Bitcoin and cryptourrency.

However, not everyone is content. Bitcoin adoption is increasing. The banking industry, in particular, sees bitcoin’s rise as a threat and continues to fight the cryptocurrency.

Mark Jeftovic: Bitcoin Is The “Short The Status-Quo” Trade

by John Rubino, Dollar Collapse:

From Mark Jeftovic at BombThrower.com:

During one particular nasty down-day during the April – May crypto-mini winter, I put out an email alert to my premium list telling everybody to remain calm and keep the bigger picture in mind. At the time I said something like “It is not my intention to step in with a calming letter every time cryptos get beat up”.

Since then, we’ve gone on to fresh all-time highs and when cryptos did start moving again, it happened very fast.

BIDEN ADMINISTRATION TO REGULATE BITCOIN AS A MATTER OF NATIONAL SECURITY: REPORT

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from Bitcoin Magazine:

The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin and cryptocurrency.

The White House wants to set out a cohesive set of policies to regulate Bitcoin and cryptocurrencies as currently legislation and its enforcement are scattered across sectors and agencies, according to multiple reports.

The Biden administration will release an executive order in the coming weeks to task federal agencies with assessing the risks and opportunities that Bitcoin and cryptocurrencies pose, Bloomberg first reported.