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Reading: ECB blog post says it’s ‘the last leg of bitcoin’ and officials say BTC is headed for ‘irrelevance’.
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The cryptonews hub > Blog > Market > ECB blog post says it’s ‘the last leg of bitcoin’ and officials say BTC is headed for ‘irrelevance’.
Market

ECB blog post says it’s ‘the last leg of bitcoin’ and officials say BTC is headed for ‘irrelevance’.

Crypto Team
Last updated: December 27, 2024 2:52 pm
Crypto Team
Published: December 1, 2022
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ebc say btc become ECB blog post says it's 'the last leg of bitcoin' and officials say BTC is headed for 'irrelevance'.

On November 30, 2022, the European Central Bank has discussed bitcoin through a blog post published and authors Ulrich Bindseil and Jürgen Schaaf call this the last halving of bitcoin and they further say that when the price of bitcoin becomes stable executives have commented that it is a last gasp and that bitcoin is also not suitable for investment and does not generate cash flow or dividends. Cannot be used productively or provide social benefit.

Sam Bankman-Fried Reveals Dark Donations to ‘Badly Labeled Account’ of Republican FTX.

Former FTX CEO Sam Bankman-Fried talks about FTX during an interview, says that FTX can be hacked and denies that fund transfer doors between FTX and Alameda Research were established. He said he didn’t know how to code, and claimed to have obtained emails and text messages between him and other top executives whose issue was FTX. He said poorly labeled accounting could be the key.

Bitcoin, Ethereum According to technical analysis, Bitcoin moved above $17000 on Wednesday.

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After a low of $16,366.66, BTC/USD rose to a peak of $17,021.67 earlier in the day. As of writing, BTC is at $16,832.07 and, with the 14-day Relative Strength Index tracking at 45.72, is below the 46.00 range.
Ethereum also moved higher on Wednesday, as the price rallied for a second successful session. The USD hit a peak of $1,276.55 earlier in today’s session. Following today’s gains, the world’s second-largest cryptocurrency climbed to its highest level since November 15.

Nigerian Securities Regulator To Exclude Crypto In Its Digital Asset Agenda

Lamido Yuguda, director general of the Exchange Commission, says the regulator does not plan to include cryptocurrencies in its digital assets and reportedly says the commission will change its stance on crypto only if Nigerian regulators agree on standards for digital asset security and privacy investors Will go. The commission is in business to protect investors, not other businesses and stressed on the regulatory approach as well.

Biggest Movers: LTC close to 6-month high, as close rebound from lows.

Litecoin has been a notable mover on November 30, as it nears recent six-month highs. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitalization up by 2.07%. Near Protocol also went up today. LTC/USD hit a high of $79.73 earlier in today’s session and, after trading as low as $75.21 in less than 24 hours, went up to its highest point since Wednesday, when the coin reached a high of $83.43. The index is currently tracking at 65.48 and has fallen NEAR $1.73 from the previous high at the time of writing, and is currently trading at $1.70.

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