Hey Guys,
Time for the weekly crypto news and I'll start by saying that last week was more eventful than usual, and not in a good way. Regulators seem to be cracking down on crypto from all sides, and this is causing lots of uncertainty for the industry and especially for the market.
The craziest part is that the headlines only scratch the surface of just how damaging this crackdown could be. It's not just crypto exchanges and crypto projects – stablecoins like BUSD and USDT seem to be at risk as well.
At the same time investors are starting to realise that the Fed is going to be keeping interest rates higher for longer to fight inflation. This is going to continue to chip away at the market and the economy, and paints and a pretty bleak picture of what's to come.
Enjoy, if you can…
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โ๏ธ ๐ Useful Links ๐ โ๏ธ
โบ SEC Cracks Down On Kraken: https://cointelegraph.com/news/kraken…
โบ Paxos Under Investigation: https://cointelegraph.com/news/stable…
โบ India Begins Digital Rupee Pilot: https://cointelegraph.com/news/india-…
โบ LocalBitcoins Closes Down: https://cointelegraph.com/news/localb…
โบ Interest Rates Will Be Higher For Longer: https://www.bloomberg.com/news/articl…
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๐ Disclaimer ๐
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome
