Amidst Crypto Market Sell-Off, Bitcoin Long Position Interest Is At Its Peak
There has been a lot of interest in increasing the number of open long positions, which has now risen to its highest level in the previous 12 months, ever since the price of Bitcoin (BTC) began to show signs of resilience in the middle of June. Prior to the end of May 2022, Bitcoin’s long holdings had been ranging between 40,000 and 50,000 BTC long contracts; however, this number abruptly increased to above 80,000 contracts.
SEC Chair: There’s No Reason to Give Cryptocurrencies A Special Status
On Monday, August 22, SEC chairman Gary Gensler published an op-ed piece in Wall Street Journal sharing his views on how crypto markets should be treated. Drawing a comparison with the car industry, he said that just as the safety standards for the car industry have remained the same for the last six decades, the investor protection standards also remain the same.
IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equity Markets
Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly.
Telegram founder suggests 'NFT-like smart contracts' to auction usernames
Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames.
Dogecoin retains price above 6 cents: Indicators remain bearish
Dogecoin price analysis for August 23, 2022, comes on a bearish note for the world’s biggest meme coin as it is clear that investors might witness another drop in prices in the coming days. Additionally, it is also important to note that the meme coin has been holding above the $0.060 price level which is the nearest resistance for the meme coin and investors can expect the DOGE token to drop further if the 7 cents price level is not broken and turned into a support region.
Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme
Argentina’s eccentric Bitcoiner presidential candidate is being sued for allegedly promoting a crypto ponzi scheme.