Australian Financial Planning Association Backs ‘Crypto Rule Book’

The Financial Planning Association of Australia (FPA) is showing its support for a “crypto rule book”, calling to regulate crypto assets via exchanges and arguing it would be far too difficult to regulate the underlying assets separately. Regulate Exchanges, Not the Technology Ben Marshan, the FPA’s head of policy, strategy and innovation, has said that…

Terra Luna Classic Crypto Price Prediction 2022

Terra Luna Classic (LUNC) is now trading in a healthy consolidative retreat at $0.000442, currently down 25% from the $0.00059 swing high achieved on the 7th of September. The battle for control between the bulls and bears is still finding equilibrium but there is still scope for LUNC to push towards $0.00088…

Coinbase Trading Desk Plans Revive Market Manipulation Concerns

The top U.S. cryptocurrency exchange hired a group of Wall Street traders to trade and stake cryptocurrencies to generate profit, The Wall Street Journal has reported. Key Takeaways Coinbase hired a group of Wall Street traders to test out a trading desk last year, The Wall Street Journal has reported. A representative from the exchange…

Amp Price up 34% to $0.007674

Amp price (AMP) is red hot today, making it the standout performer in Sunday crypto trading action, up 34% at $0.00763. The Amp crypto asset will be known to many as the platform that hosts the Flexa instant crypto payments app, which in turn powers the SPEDN app…

Fed Hikes Rates by Another 75 Basis Points

Key Takeaways The Federal Reserve has increased interest rates by another 75 basis points. The U.S. central bank’s funds rate is now 3% to 3.25%. As the Fed remains committed to curbing inflation and crypto has no fresh narratives on the horizon, the market could continue to suffer for some time yet. The latest rate…

Jesse Powell Stepping Down as Kraken’s CEO

Key Takeaways Jesse Powell is leaving his role as CEO of Kraken, a position that he has held since the firm was founded in 2011. He will be succeeded by Kraken’s COO, Dave Ripley, who has been part of the company for six years. Powell will remain involved in Kraken and will act as the…

Bitcoin and Ethereum Pump, APE and CAKE Outperform

Bitcoin price started a strong increase above the USD 20,500 resistance. BTC even spiked above USD 22,000 and is currently (04:00 UTC) correcting lower. The bulls are now likely to remain active near the USD 21,200 zone. Similarly, most major altcoins started a steady increase. ETH was able to clear the USD 1,700 resistance and…

Robinhood Adds USDC to Crypto Listings

USDC is the first stablecoin among Robinhood’s 18 other supported crypto assets. Key Takeaways Trading platform Robinhood is adding the USDC stablecoin to its list of supported cryptocurrency assets. Robinhood currently supports 18 other crypto assets, but USDC is its first supported stablecoin. Robinhood and Circle executives will discuss the news further during San Francisco’s…

Crypto to Hit “Literally Billions” of Users by 2027: Pantera CEO

Key Takeaways Pantera CEO Dan Morehead has predicted that crypto will hit billions of users in the next four to five years. He said that crypto prices would rise as adoption grew based on supply and demand principles. He also gave his view on the current market drawdown, saying he thinks crypto hit a bottom…

Westpac Makes its Tentative First Steps Towards Crypto

After remaining silent on the topic for most of this year, major Australian bank Westpac has indicated its intent to enter the blockchain and crypto space. This comes as it shared a job post this week advertising the need for a “principal architect” for digital assets and crypto. The successful candidate would aid Westpac in…