The Salvadorian media has continued to react septically to crypto-related developments as the country edges toward bitcoin (BTC) adoption.
The crypto market is not doing very well, and neither is the market sentiment. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins slipped yet again - the closest it's been to the negative zone in months. There are no more coins in the positive zone, and the majority now has sentscores below 5.
Bitcoin (BTC) saw a double-digit drop in its hashrate (the computational power of the network) in a single day following the recent regulatory crackdown in a vital mining region in China, as well as from its June peak. However, Ethereum (ETH) and several other proof-of-work (PoW) projects shared similar faiths.
One of China’s biggest commercial banks, the Agricultural Bank of China, says it will crack down on crypto transactions, and will seek to block accounts connected with bitcoin (BTC) and crypto-related activity.
Venture capitalists are still pouring hundreds of millions into the infrastructure of the cryptoverse, hoping the whole nascent industry will grow further despite a recent sharp correction in the market.
Bitcoin price extended its decline below USD 36,500 and USD 35,000. Ethereum tested the USD 2,050 support zone, XRP is now trading well below USD 0.800. ICP, ZEN, NEXO, and STX are down over 10%.
As debt investors seem to be looking into how much an energy company is polluting, the bond market may be seeing higher funding costs for those companies polluting more - showing the rising importance of Environmental, Social, and Corporate Governance (ESG).
Investment company Grayscale Investments has expanded their list of assets that they’re considering for inclusion into their product family.
Many industry observers expect the US Securities and Exchange Commission (SEC) to tighten its regulatory grip over cryptocurrencies, but the move could also bring more clarity to the markets, according to Hester Peirce, one of the five SEC commissioners.
An audacious bid from two opposition lawmakers to amend key clauses in El Salvador’s forthcoming bitcoin (BTC) adoption law has sparked furious debate among the international crypto community.