Monday, December 14, 2020 3:21:56 AM
Bitcoin will probably not reach $20,000 this year if a key technical price level isn't reclaimed soon. Bitcoin continues to be in correction mode with its price dropping below $17,600 on Dec. 11, the lowest level since November. Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago. Meanwhile, some recent news namely the proposed crypto regulation in the United States is bringing fear to the otherwise euphoric market.
SEC Commissioner: authorities must abandon excessive regulation of crypto market
Regulators need to find acceptable options in order to finally accept the principle of personal freedom of citizens, embodied in the very concept of digital currencies. Also, the authorities must abandon the idea of excessive control over the crypto industry, said SEC Commissioner Hester Peirce. In one of her recent speeches, she noted that the digital asset market and the sector of decentralized finance creates certain difficulties for the authorities. Regulators, however, should not restrict industry development with excessive regulatory requirements. “If we were instead to steamroll the technology’s liberty-enhancing features under the weight of regulation, we would lose a lot of the power of the new technology to afford opportunities to people whose autonomy has previously been curbed by, for example, limited access to the traditional financial system, geographic location, social standing, or subjection to a repressive government,” Peirce said.
Recent EOSUSD News
- Cryptocurrency Ownership Hits 6.8% Globally; Japanese Exchange Suffers $300 Million Theft, and More in Crypto • IH Market News • 05/31/2024 09:16:17 PM
- EOS Network unveils new token model with fixed supply of 2.1 billion tokens • Crypto Briefing • 05/31/2024 07:41:07 PM
- EOS Network approves new tokenomics, promises ‘new era’ • Cointelegraph • 05/31/2024 03:44:05 PM
- Keeping Up With The Memecoins: Caitlyn Jenner’s New Token Surges 50,000% Amid Controversy • NEWSBTC • 05/27/2024 10:00:53 PM
- ‘I’m Fine With It’: Donald Trump, a Former Digital Asset Skeptic, Continues To Court the Crypto Vote • The Daily Hodl • 05/10/2024 06:45:14 PM
- Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In • NEWSBTC • 05/09/2024 01:00:54 AM
- Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong • Cointelegraph • 05/08/2024 11:47:21 AM
- Biden’s Homeland Security team taps tech elite for AI defense board • Cointelegraph • 04/26/2024 07:55:47 PM
- SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud • Cointelegraph • 04/26/2024 05:49:09 AM
- Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity • NEWSBTC • 04/25/2024 06:08:36 PM
- Healix Protocol’s HLX Token Presale Soars as Former Crypto Giants Return • ZyCrypto • 04/09/2024 02:39:13 PM
- History of Crypto: The ICO Boom and Ethereum's Evolution • Cointelegraph • 04/02/2024 04:05:00 PM
- Apple co-founder wins major verdict against YouTube in Bitcoin scam lawsuit • Cointelegraph • 03/20/2024 10:28:49 AM
- Bitcoin Mining Firm CEO Predicts Start Of ‘Supercycle’, What It Means • NEWSBTC • 03/05/2024 05:00:37 PM
- Two AI-Related Crypto Assets Rally As OpenAI Launches Text-to-Video Artificial Intelligence Model • The Daily Hodl • 02/18/2024 01:00:35 AM
- Ordinals Could Create Completely Different Bitcoin Ecosystem, Says Binance Research – Here’s Why • The Daily Hodl • 02/11/2024 09:00:12 PM
- Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky • Cointelegraph • 02/07/2024 04:29:30 PM
- How To Create And Mint Your Own NFTs On The Ethereum Network • NEWSBTC • 02/04/2024 09:00:37 AM
- Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue • The Daily Hodl • 01/27/2024 09:00:09 PM
- Google releases AI realistic text-to-video generator 'Lumiere' • Cointelegraph • 01/25/2024 02:00:00 PM
- Crypto Analyst Predicts Potential Trend For Bitcoin As Price Slips • NEWSBTC • 01/19/2024 05:00:07 PM
- Bitcoin Bearish Forecast: Analyst Signals Continued Downfall • NEWSBTC • 01/16/2024 11:30:14 AM
- Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why • NEWSBTC • 01/16/2024 08:30:50 AM
- 1 in 4 CEOs expect to sack staff due to AI this year — PwC survey • Cointelegraph • 01/16/2024 06:23:07 AM
- Michael Saylor has been removing 80 deep fake videos of himself daily • Cointelegraph • 01/15/2024 06:07:54 AM
FEATURED DaBaby and Stunna 4 Vegas's "NO DRIBBLE" Joins Music Licensing, Inc.'s Portfolio • Jun 7, 2024 10:15 AM
Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Back by the Board Director and New Strategic Initiatives. • MSRM • Jun 5, 2024 1:32 PM
Hydromer Announces Launch of HydroThrombX Medical Device Coating Technology • HYDI • Jun 5, 2024 10:24 AM
Dr. Michael Dent Finances $1 Million to Drive HealthLynked's Healthcare Transformation • HLYK • Jun 5, 2024 8:00 AM
Avant Technologies Enters Binding LOI to Purchase Dozens of High-Performance, Immersible, AI-Powered Servers • AVAI • Jun 5, 2024 8:00 AM
IQST - iQSTEL Announces $290 Million 2024 Annual Revenue Forecast • IQST • Jun 4, 2024 1:43 PM