• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, February 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Dollar Strength Causes Bitcoin Weakness – Blockchain News, Opinion, TV and Jobs

July 5, 2022
in Blockchain
Reading Time: 2 mins read
A A
ShareShareShareShareShare

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Related articles

Reliance Retail accept digital rupee at one store

February 3, 2023

Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

February 2, 2023

Bitcoin remains below the 2017 all-time-high which is concerning for bulls. The LUNA and UST crash has led to a tragic contagion amongst other crypto firms, as we have seen liquidity withdrawn from the crypto market at an extraordinary rate.

In the Bank of England’s financial stability report on Tuesday, the bank’s Financial Policy Committee (FPC) briefly addressed cryptocurrencies. The report noted that while crypto poses a less immediate risk it is nonetheless important to monitor, as several vulnerabilities have been exposed during the recent market downturn. The bank noted the following vulnerabilities:

“Liquidity mismatches leading to run dynamics and fire sales, and leveraged positions being unwound and amplifying price falls. Investor confidence in the ability of certain so-called ‘stablecoins’ to maintain their pegs was weakened significantly, particularly those with no or riskier backing assets and lower transparency.”

Unfortunately, the UK’s financial watchdog (FCA) is well behind the curve. Just 33 crypto companies have been awarded licenses in the U.K. so far. The current regulatory direction of the U.K. puts the country at risk of falling behind the U.S., European Union, and other regions.

Last week, domestic watchdogs from the U.K. and U.S. participated in a meeting and acknowledged the importance of teaming up to strengthen regulatory outcomes for crypto whilst supporting innovation.

This is a step in the right direction, however, there’s a lot of work to be done if the U.K. wants to live up to the goal of becoming the ‘global hub’ for crypto.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Crypto Exchange CoinLoan Enforces 100x Lowered Withdrawal Limit

Next Post

Bitstamp Walks Back on Plans to Charge Users a Monthly Inactivity Fee

Related Posts

Reliance Retail accept digital rupee at one store

February 3, 2023

Reliance Retail, one of the largest retail chains in India, has made an announcement stating that they have begun taking...

Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

February 2, 2023

Join Our Telegram channel to stay up to date on breaking news coverage Dropping below the $23k price level, Bitcoin...

HSBC is looking for a top executive to work with asset tokenization

February 2, 2023

The British multinational bank HSBC, which controls the greatest amount of assets in Europe, has increased its focus on digital...

The Metaverse is About to Get a Lot More Interesting with This New Crypto Project

February 2, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrencies associated with decentralized, blockchain-powered metaverse...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens – Blockchain News, Opinion, TV and Jobs

February 2, 2023

The Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale...

Load More
Next Post

Bitstamp Walks Back on Plans to Charge Users a Monthly Inactivity Fee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Will Jim Cramer’s Bitcoin Price Prediction Be Wrong Again?

January 29, 2023

Regulatory Clarity? Financial Watchdogs Could Not Be More Clear

January 27, 2023

Su Zhu and Kyle Davies Raising $25M for a Crypto Exchange: Report

January 16, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Reliance Retail accept digital rupee at one store
  • Kraken closes Abu Dhabi office; Bithumb owner arrested
  • Defiance ETFs to Close NFTZ ETF After Just 13 Months

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,585.00-2.04%
  • ethereumEthereum(ETH)$1,649.90-1.91%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.24%
  • binancecoinBNB(BNB)$326.201.50%
  • usd-coinUSD Coin(USDC)$1.00-0.25%
  • rippleXRP(XRP)$0.411807-0.76%
  • binance-usdBinance USD(BUSD)$1.000.14%
  • cardanoCardano(ADA)$0.401795-0.64%
  • dogecoinDogecoin(DOGE)$0.091780-3.77%
  • matic-networkPolygon(MATIC)$1.20-3.15%
  • okbOKB(OKB)$39.64-0.63%
  • solanaSolana(SOL)$24.41-4.22%
  • staked-etherLido Staked Ether(STETH)$1,645.67-1.96%
  • polkadotPolkadot(DOT)$6.580.50%
  • shiba-inuShiba Inu(SHIB)$0.0000121.21%
  • litecoinLitecoin(LTC)$99.60-1.82%
  • avalanche-2Avalanche(AVAX)$21.29-1.14%
  • tronTRON(TRX)$0.0643950.92%
  • uniswapUniswap(UNI)$7.254.26%
  • daiDai(DAI)$1.00-0.03%
  • cosmosCosmos Hub(ATOM)$14.53-2.66%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,614.00-1.95%
  • chainlinkChainlink(LINK)$7.15-2.18%
  • ToncoinToncoin(TON)$2.37-1.77%
  • ethereum-classicEthereum Classic(ETC)$23.182.33%
  • moneroMonero(XMR)$174.47-2.72%
  • leo-tokenLEO Token(LEO)$3.370.11%
  • AptosAptos(APT)$16.90-7.58%
  • bitcoin-cashBitcoin Cash(BCH)$138.660.69%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092455-0.63%
  • apecoinApeCoin(APE)$5.87-4.10%
  • quant-networkQuant(QNT)$145.27-3.23%
  • nearNEAR Protocol(NEAR)$2.45-0.83%
  • filecoinFilecoin(FIL)$5.52-3.71%
  • crypto-com-chainCronos(CRO)$0.080994-1.03%
  • lido-daoLido DAO(LDO)$2.23-5.39%
  • algorandAlgorand(ALGO)$0.2584510.41%
  • hedera-hashgraphHedera(HBAR)$0.068067-2.39%
  • vechainVeChain(VET)$0.024435-2.28%
  • fantomFantom(FTM)$0.614.95%
  • internet-computerInternet Computer(ICP)$5.82-3.83%
  • decentralandDecentraland(MANA)$0.79-2.18%
  • axie-infinityAxie Infinity(AXS)$11.24-1.84%
  • aaveAave(AAVE)$88.90-2.70%
  • the-sandboxThe Sandbox(SAND)$0.76-1.94%
  • eosEOS(EOS)$1.08-1.34%
  • flowFlow(FLOW)$1.13-1.20%
  • elrond-erd-2MultiversX(EGLD)$44.900.53%