Blockchain Insight - The US SEC has been targeting cryptocurrencies, citing concerns about fraud, market manipulation, and investor protection. Its actions have raised concerns in the industry, with experts warning that the regulatory scrutiny could stifle innovation and growth.
on core inflation next week, and we get a decent rise today, something like 800,000, most importantly the underemployment rate, peaceably people wanting to work longer hours, the pressure will be on the federal reserve and they will have to start to reconsider. but it is going to be a very protracted process, because they don t want to shock markets, but it will still be a seismic event. it certainly will. thank you very much for your time today. stay with us on bbc news, still to come: 0nce bit , twice shy? is the cryptocurrency bubble about to burst? the queen and her husband began their royal progress to westminster. the moment of crowning, in accordance with the order of service, via a signal given with the great guns of the tower.
Myth busted.
Common sense scrutiny proves the Internet and Big Tech are not the mythic result of laissez faire free market capitalism, but the real product of massive U.S. Government (USG) intervention via U.S. Internet industrial policy in Section 230 of the 1996 Communications Decency Act.
Only the “interactive computer service” (ICS) industry created and defined by the USG in Section 230, are endowed with elite, supra-national status, and lawless impunity of being “unfettered by Federal and State regulation.”
Big Tech’s defense against any potential governmental accountability is wielding the myth that their success is a result of their free market merit, innovation, and competitiveness.
Crypto Market Plummets Following Week of Coinbase-fueled Hype
Photo: Dan Kitwood (Getty Images)
After cryptocurrency prices soared this week amid hype leading up to Coinbase’s direct listing, the market took a nosedive over the weekend. Bitcoin prices tanked by roughly 14% in 24 hours, from $61,530 to $52,829, the token’s biggest one-day drop since February, before rebounding slightly, according to the cryptoasset price-tracking site CoinMarketCap.
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Prices of other popular cryptocurrencies plunged as well. Ether, which is second only to Bitcoin, saw its prices fall in 24 hours by about 17%, from $2,417 to $2,011. By Sunday evening, these tokens had somewhat recouped their losses, with Bitcoin and Ether down by roughly 9% and 8% respectively in the last 24 hours. During this so-called flash crash, cryptocurrency liquidations totaled roughly $10 billion, according to data from the crypto industry tracker Bybt.