Cryptocurrency & Financial

Markets News & Stats

7th DEC 2021



Today, I talk about the following:

1.BTC needs to break 56,695 break upside and volatilities to come down too

2. Equity market sell off false dead cat bounce

3. VIX is still elevated too

4. Interest rates rising quickly - rate of change huge

5. Credit spreads selling off

6. https://cryptoslate.com/indonesia-could-launch-its-own-cbdc-to-fight-private-cryptocurrencies/

7. https://www.bnnbloomberg.ca/india-is-said-to-consider-capital-markets-regulator-for-crypto-1.1692146

India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter, as authorities look to classify them as financial assets. Prime Minister Narendra Modi’s government, which plans to introduce legislation in the ongoing parliament session, will probably give crypto holders a deadline to declare their assets and meet any new rules, the people said, asking not to be identified as the discussions are private. The bill is likely to use the term ‘cryptoassets’ rather than ‘cryptocurrencies,’ and won’t refer to the central bank’s plan to create its own digital currency, one of the people said.

8. BitMart to Compensate Victims of $196 Million Hack

9. https://www.cryptonewsz.com/bittorrent-chain-mainnet-to-go-live-soon/

10. https://www.coinspeaker.com/wright-vindicated-kleiman-case/

Craig Wright, the Australian tech entrepreneur who claimed to be the Satoshi Nakamoto that created Bitcoin (BTC) has been vindicated by a Miami jury in the civil case filed against him by the family of his late business partner, Dave Kleiman. As reported by Coindesk, the Federal Jury found the computer scientist did not have a business partnership with Dave Kleiman, however, he was directed to pay the sum of $100 million in compensatory damages to W&K Info Defense Research.

11. https://ambcrypto.com/bnb-harvest-offering-big-rewards-for-staking-and-referrals/

12. https://www.coinspeaker.com/ai-robot-sophia-tokenized-binance/

13. https://coincheckup.com/blog/growth-defi-ecosystem-partners-with-olympus-dao-to-be-part-of-the-first-olympus-pro-avalanche-cohort/

14. https://www.crypto-news.net/gaia-everworld-receives-polygon-grant-and-partners-with-binance-for-nft-land-pre-sale/

15. Social media, Derivatives, Inflation and Fiat markets