Cryptocurrency News – Week of June 25, 2023

Cryptocurrency News - Week of June 25, 2023

Contents

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This selection – sometimes difficult to make – presents the 5 most striking articles of the past week. The goal is to keep abreast of important innovations and advances in the field.

With, at the end of this newsletter, a complete technical analysis of the price of Bitcoin and other cryptocurrencies the news of the week.

A good way to keep an eye on the ecosystem while enjoying the weekend.

Enjoy the reading…

Bitcoin – Over 78% of its supply is currently illiquid

When Will Bitcoin's Next Bull Run Start? A question that everyone is asking as the cryptocurrency market tries to recover from the regulatory attacks of the US Securities and Exchange Commission (SEC).

But this is clearly not about BTC, which it is in the process of continue its upward pressure against the fateful resistance at $31.000, which is still in its way. And while some are wondering when to enter this race, others are already in the starting blocks with an offer that became more than 78% illiquid..

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USA - The Federal Reserve considers stablecoins "a form of money"

United States - Federal Reserve considers stablecoins 'as a form of currency'

Difficult to define the strategy of the various US financial supervisory bodies against the cryptocurrency sector. Furthermore, can we still speak of a "sector" when this digital economy is divided into different poles to better control its development?

A division to better reign within which stablecoins are a real thorn in the side of central banks. But the suspense may have come to an end, as the head of the US Federal Reserve (Fed) said he sees "a form of money. "

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opBNB – The BNB chain launches its level 2 based on optimism

opBNB - The NBB chain launches its level 2 based on optimism

The cryptocurrency market operates in waves of successive innovations accompanied by new features whose propagation ends up extending to all sectors. And in the field of blockchain, this rush forward is undeniably known as “level 2”.

In fact, all of the networks eventually opted out these “second level” solutions or similar parallel versions. The NBB chain has officially taken this step with the implementation of the opBNB based on optimism.

Click to learn more "


MFA – Open discussion on DeFi regulatory challenges

MFA - Open discussion on DeFi regulatory challenges

The Financial Markets Authority (AMF) is well known to French cryptocurrency players. It is in fact to this "independent public" structure that they must account for their activities as digital asset service providers (DASPs).

A national supervisory body whose main objective is to find a legal framework in which to classify all the ramifications of this digital economy. For this reason a recent “debate” on DeFi “regulatory issues” has just started. The procedure is open until 30 September…

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The end of Wyre, pioneer of the ramp from fiat to cryptocurrency

Wyre - New Crypto Company Bankrupt?

The cryptocurrency industry has not yet come out of stagnation. Proof, a new historic player in the ecosystem, Wyre, throws in the towel.

Crypto payment solution provider for ten yearsthe San Francisco firm was unable to weather a sustained bear market.

Click to learn more "


Bear Market – It could still be long!

Bear Market - It Could Be Long Again!

This technical analysis provides an opportunity to take a long-term look at Bitcoin. The goal is to determine as precisely as possible when the next bull market could startgiven the historical data available.

Next, we will analyze the short-term trend of BTC. Knowing that the current period is especially favorable for implementing an active trading strategy a highly profitable strategy for those who know how to read the various indicators and decipher the signals.

Click to learn more "

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