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Cryptocurrencies went down on Monday. The global crypto market capitalization stands at $840.2 billion, with volume close to $29.3 billion in the past 24 hours. BitcoinThe worlds largest and most popular cryptocurrency, Bitcoin, fell 1.4% to $16,906.3. Its market value stands at $325.1 billion. The business value is almost $16.3 billion. "Bitcoin is trading in a strong zone, changing hands between $ 17,300 and $ 16,800 for the last two weeks, showing a high limit. However, buyers and sellers the market is defensive at a high level. Immediate support for BTC currently sits at $16,900 and resistance at $17,000,” said Edul Patel, CEO and founder of Mudrex. EthereumThe second largest cryptocurrency, Ethereum or Ether, fell 1.9% to $1,245.5 on a market capitalization of $152.5 billion. Ethereum market cap is $3.9 billion in the last 24 hours. On Ethereum, Patel added, "Ethereum also bought similar lines strongly with BTC. ETH is trading around $1,300 and $1,225." Due to market uncertainty, the price is struggling to move beyond these levels.” Dogecoin Meme virtual currency Dogecoin fell almost 9.1% on Monday. Its market value stands at $11.6 billion. The business value is $413.4 million. Shiba InuShiba Inu fell 4.3% with a market capitalization of $4.9 billion. The trading volume was $115.9 million in the last 24 hours. Solana Solana fell 4.7% to $13 on a market capitalization of $4.8 billion. Solana market value is $149.6 million in the last 24 hours. Polygon Polygon fell 3.4% on a market capitalization of $7.7 billion. The trading volume reached almost $178.5 million in the last 24 hours.

Only a person living under a rock would think that the cryptocurrency market does not need stricter regulations. The implosion of FTX, the collapse of the "stablecoin" TerraUSD, and the recent bankruptcy of crypto lenders and investors - all causing huge losses to investors - give enough evidence that digital assets should be controlled as almost less all other financial products and services. But there is a long-term risk that the path to compliance with constitutional principles, in the United States and around the world, may be difficult. This risk is part of the varied and emotional response that crypto has evoked since its inception. Charlie Munger has called crypto tokens "part fraud and part fantasy," while many successful investors believe that tomorrow financial infrastructure will be based on crypto technology. Each camp believes that the government should act in their own way. The unique genesis of crypto assets has also posed regulatory challenges. Unlike other financial innovations, bitcoin was launched globally and directly for retail investors, claiming that it would make transactions easier for those who -Cultural authorities are no longer effective. Since financial regulations are implemented nationally and largely through intermediaries, this emerging trend of "global markets" has challenged regulators because traditional instruments are not valid. provide investment opportunities, access to products or services, or banking-style products? Security or commodity? These factors, along with our fragmented financial system, overburdened by many regulators, have reduced the application of core, customer-centered rationality. Crypto supporters have sought to take advantage of the situation by arguing that a large part of digital assets should not be considered as securities, but as assets where the financial market does not have a federal regulator. Twice, they expressed their choice not to voluntarily comply with the current regulations due to "legal uncertainty", when the real motivation is to avoid acceptance and its costs. They are right that US financial regulation is often expensive, and in some cases even so. irrationally, but there are areas where the law must be updated to take account of new technologies. But these have not been an excuse for lack of compliance, especially full and fair disclosure that makes the game competitive between consumers and consumers. The legislative proposal has attracted attention recently, but the question is whether consensus can be reached behind the FTX. Crypto critics are likely to resist any legislative action that they may see as legislation that they do not trust and want to die because of its own limitations. Many enthusiasts believe that FTX shows that the problem is based on "central institutions" that do not live up to the promise of the decentralization of crypto and will contradict any declaration of our culture , a difficult process law among others - may have been undermined by his association with the now defunct Sam Bankman-Fried, founder of FTX and advocate of reform. We, the regulators of both markets - one serving under President Obama and the other under President Trump - believe that government actions should not be based on one vision of the future or another, but on hard lessons won in the past. We also know that the search for a perfect plan carries a great risk of "Waiting for Godot". The reality is that billions of dollars a day of business are going on, while fraud and theft - in forms as old as trading and more recently as computer hacking - are still common thing. In our experience, it best to pursue things immediately in a systematic, consistent manner, both administratively and ethically. We have three tips for US regulators: Require all crypto intermediaries to implement basic customer protection. Despite the innovation and promise of blockchain technology, most crypto transactions are not recorded on chain but in traditional ledgers maintained by middlemen. But these companies say the products they sell are not required to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission, which means investor protection depends on state laws written for telegraph time that is not enough, especially when shopping. and available leverage. Although we believe that most of their trading signals are safe, we need an acceptable method that does not rely on conflict resolution problems. We believe that the SEC and the CFTC should provide the necessary regulations, including (1) the classification of client assets, (2) limits on lending, (3) restrictions on commercial enemies such as trading, (4) restrictions against fraud and deceit, including laundering (where a person trades with himself or his partners to increase the price of a stock or stock), and (5) requires governance. These values can be easily derived from the current trends in our security and production processes. These two companies will also tell trading platforms: follow these basic rules for everything you trade if you are not registered with the SEC as a securities trader or with the CFTC as an interlocutor in production products. The company will not waive their right to dispute the registration requirement, but they will establish a temporary period in which the operator will not be closed for failure to register as long as he complies with the regulations that are base. This will assure platforms and their customers that operations will continue, more efficiently, while classification and other issues are resolved. Although we believe that agencies can implement this policy using their current powers, that will not prevent Congress from repeating this process or pursuing other strategies to strengthen the law. This will improve investor protection as the legal framework (which we welcome) emerges. Order to use "stablecoin". Stablecoin usage has exploded. Daily transactions worldwide using stablecoins, which are digital assets believed to peg their value to national currencies such as the US dollar, will regularly exceed $50 billion, with many facilitating crypto transactions . Stablecoins can improve payments in cases beyond crypto. But the truth is that they lack stability, which creates the risk of a bank run. The fact that exchanges like FTX offered returns on stablecoin deposits shows the risk between providers, crypto exchanges and investors. Bank regulators should take the lead in creating regulations - a topic that each of us has written about recently - but the SEC and CFTC can help by requiring intermediaries to use only statstablecoins approved, providing another stable basis in the business market. At the very least, a regulated company that holds funds in high-quality liquid assets must provide them. Continue with strong law enforcement. Crypto advocates complain about "regulation by coercion," but coercion is needed when so many industry players will use anything said negative to avoid or delay. acceptance. The success of the SEC in "initial financial offerings" or unregistered ICOs, starting in 2017, is important because such offerings violate the law of public offerings, often preventing them from offering even basic income or risk exposure. Both companies have taken various actions against unregistered or illegal products, Ponzi schemes and other scams, and they should continue to do so. But these efforts, targeted by their nature, should be supported by the broader measures of the kind we propose. ‘DeFi’ platforms The policy we propose, which focuses on the parties involved, should not be interpreted as suggesting that we transfer freely to "DeFi" (decentralized money) platforms, which require eliminating intermediaries by providing software solutions, such as exchange or property lending programs. . , and public blockchains, on the contrary. Although their methods may be different, many of the same risks remain: fraud, hacking, the inability to work and the ability to modify the legal system. And most DeFi platforms, contrary to what they say, have managers and beneficiaries. It may take some creativity to implement the regulatory requirements for DeFi platforms, but we expect regulators to do the work. There is no doubt that middlemen will help them in this effort because they will have new incentives to ensure that their DeFi competitors provide equal protection. For many years, we have shared the same views on crypto laws. Whatever the promise of this new technology, crypto should be subject to strict regulation. The fear that the United States will act in one way or another should not deter us either. We each had a plan - the SEC to crack down on ICOs and the CFTC to regulate swaps - while critics of the industry said that the US would have nothing to do with innovations that would move overseas. This does not happen; Instead, other countries followed our lead or wanted to. Those who invest - and risk - their hard-earned money in our financial markets should know that the rules of the game are fair and stable and that those who do bad things will be removed. We hope that Congress and our successors will be guided by common sense and provide these plans in the spirit of progress.

Bitcoin dropped below the $17,000 level, while Ethereum traded below the $1,250 mark. Adding to the consumer woes, the volume of money in the crypto market is still small, indicating little money for digital assets. Apart from US dollar-pegged stablecoins, other major crypto tokens traded lower on Monday. Dogecoin fell around 9%, while XRP, Solana, Shiba Inu, Polkadot and Polygon fell 4% each. The global cryptocurrency market cap is about $840 billion, down 2% in the last 24 hours. Total business volume increased by more than 23% to $29.23 billion. Global updates The Lightning Network, Bitcoin Layer 2 scaling platform, has a privacy issue. Receiving payments, requesting refunds, and opening and closing payment channels all raise privacy concerns for payment network users. The Uniswap Foundation is putting to the vote a system of governance changes that it says will enable voting in an independent company that oversees Uniswap, one of the most popular places for crypto trading. Greyscale Investments, the manager of the largest bitcoin exchange listed in the world, said that the new decentralized currency (DeFi) has started trading in the retail market. Crypto.com released evidence of a database from the research firm Mazars Group that shows its clients assets are supported individually. Bitcoin is still in the range zone with high support levels of $16,000, $15,000 and $12,600. Any break above $18,000 could push the price to $19,000. In general, it is still in the trading zone between its support zone and its stop zone of $15,000 and $18,000, the expert said.

Cryptocurrency prices rose today, with the world most popular digital trade Bitcoin more than a percent higher at $17,207. The global cryptocurrency market value remained below the $1 trillion mark today, although it increased in the past 24 hours to $902 billion, according to data from CoinGecko. "During the weekend, Bitcoin changed hands between the levels of $ 16,900 and $ 17,300. This shows a strong fight between bulls and bears to gain power. Support for BTC is currently at the $16,000 level, where the bears may start operating. However, immediate buyer resistance is at $17,622 to reverse the bottom position. On the other hand, Ethereum is trading close to the $1,300 level, gaining more than 10% over the weekend. If the price is able to break above the current level, that will indicate weakness," said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform. On the other hand, Ether, a coin linked to the Ethereum blockchain and the second-largest cryptocurrency, also gained more than 2% to $1,292. Meanwhile, the price of dogecoin is trading more than 2% higher today at $0.10 while Shiba Inu is higher than one percent at $0.000009. The current performance of other cryptocurrencies has also been promoted such as Binance USD, Avalanche, Tether, Terra, Solana, Polygon, ApeCoin, Litecoin, Stellar, XRP, Cardano, Uniswap, Polkadot, Chainlink trading price and profit n 24 hours ago Tron crashed. The crypto sector was worth almost $3 billion at the end of last year, before the market turmoil that caused interest rate hikes and several market crashes. The company is wiping out more than $2 trillion in value. Bitcoin, the largest token, was down three-quarters from an all-time high of $69,000. FTX filed for bankruptcy in November after a week that may have been linked to the collapse of crypto exchange Binance, Bankman-Fried accused of diverting customer funds to FTX trading affiliate Alameda Research, and the exchange saw political of about $6 billion in just 72 hours.

Cryptocurrencies fell slightly in Friday 24 hours as the market reacted to the Fed policy. The global crypto market capitalization stands at $850.3 billion, with volume approaching $42.8 billion in the past 24 hours. BitcoinThe world largest and most popular cryptocurrency, Bitcoin, fell 1.2% to $16,921.8. Its market value stands at $325.1 billion. The business value is $22.4 billion. The token has risen 2.3% in the past seven days. "When it fell in mid-November, the price of BTC is now in the vicinity of $ 17 000. However, BTC is trading below the first year of $ 17,500 hit in June. EthereumThe second largest currency, Ethereum or Ether, fell almost 1% to almost $1,274 with a market capitalization of $155.6 billion. Ethereum market cap is $6.6 billion in the last 24 hours. The show rose seven percent in one week. Dogecoin Meme virtual currency Dogecoin fell 5.2% on Friday. Its market value stands at $13.1 billion. The business value is $877.5 million. Solana Solana fell 3.3% to $13.4 on a market capitalization of $4.9 billion. Solana market capitalization was $4.9 billion in the last 24 hours. Shiba InusShiba Inu fell 1.2% from a market capitalization of $5 billion. The trading volume was $112 million in the last 24 hours. Polygon Polygon fell 1% to $0.9 with a market capitalization of $8 billion. The trading volume was $439.4 billion in the last 24 hours.

The price of the dogecoin cryptocurrency rose today as other digital tokens traded under pressure. Dogecoin rose more than 6% to $0.09 while major cryptos Bitcoin and Ether lost 2% and 4% respectively in the last 24 hours. Dogecoin has gained almost 25% in the past week, opening up a lot of cryptocurrencies. "The most popular meme, DOGE, has run a mega crisis and become one of the best crypto assets. Elon Musk, who is a strong supporter of DOGE, announced that his Twitter version will take care of the reward. DOGE is a strong candidate to be Twitter official cryptocurrency. DOGE was designed as a payment system, but could not find a real use case. If DOGE integrates with the Twitter payment ecosystem, it will create a use case for the meme coin and boost its growth," said Shivam Thakral, CEO of crypto exchange BuyUcoin. “DOGE also came close to surpassing XRP in terms of market share. This motivation may be due to the rumors surrounding Twitter launching an expected payment plan where DOGE will be used. In addition, Musk desire to build his own Tesla phone if Twitter and all the app stores are removed from the mobile device added power, boosting the game. Dogecoin supporters predicted that DOGE could be used as a means of payment in these cases and make it stronger," said Edul Patel, CEO and founder of Mudrex. Dogecoin is down 44% in 2022 (YTD or YTD) so far, while Bitcoin is down almost 65%. Dogecoin is a parody cryptocurrency created by software engineers Billy Markus and Jackson Palmer in 2013. The Global cryptocurrency market capitalization remained below the $1 trillion mark today as it fell more than 2% in the past 24 hours to $855 billion, according to data from CoinGecko. . Crypto prices remain under pressure this month after the collapse of Sam Bankman-Fried FTX empire. Now investors are watching other crypto companies to see where the spread can spread.

The FTX fiasco continued to turn cryptocurrencies upside down as investor sentiment waned. The global crypto market value, which was about $1 trillion a few weeks ago, has dropped to less than $800 billion, and many cryptocurrencies are recovering well. Billions of dollars worth of wealth has been destroyed! Can crypto investors handle more complexity? Bankruptcies seem to be common in the past few months among crypto exchanges as illiquidity continues to be one of the main issues among them, but it destroys trust the hearts of investors, causing the market to fall. It seems that the bankruptcy crisis is not ending soon, and it is said that crypto brokerage Genesis Trading may be on the verge of bankruptcy. Although FTX announced its failure on November 11, investors already panicked and sold the exchange FTT token days before the actual announcement. FTX problems came to light when its sister company Alameda balance sheet raised questions about the foundation heavily stocked FTT tokens instead of independent assets like fiat money or other cryptocurrencies. Despite the assurances of Sam Bankman-Fried that everything is fine with FTX and the group as a whole, however, everything finally fell apart when FTX filed for Chapter 11 to start the process of restructuring and investing in order for the benefit of all stakeholders in the world. Currently, at the time of writing, on CoinMarketCap, the global crypto market is around $781.26 billion, down 1.77%. Major cryptos Bitcoin and Ethereum are below $15,800 and $1,100 --- down about 2% each in the past 24 hours. Meanwhile, the FTX token is struggling to hold the $1 mark. FTX has fallen more than 29% in the past seven days, while its monthly decline is more than 94%. But why the FTX problem with Genesis? Why is there speculation about Genesis money? Genesis has been updating its relationship with FTX for the past few days after Alameda balance sheet got questioned and FTT score dropped. On November 9, Genesis tweeted, "Genesis has a business relationship with FTX, among other variables. Our exposure to FTX does not affect our ability to serve our customers." On the same day, the trader said, "in anticipation of the extreme volatility of the market ... we closed and sold contracts, causing a loss of about $ 7 million across all parties, including Alameda". Then Genesis said later, to emphasize, Genesis has no ongoing loan relationship with FTX or Alameda.On the day FTX filed for bankruptcy, Genesis tweeted that "the production business now has about $175 million in funds locked in our FTX account, adding that" this does not affect the business we hold. Step"

The first question cryptocurrency owners should ask themselves right now is whether bitcoins, dogcoins and other tokens are safe. Get them in the hands of the wrong dealer or manager, and they can go off into a never-ending cycle of withdrawals, which may never happen. The second question is closely related: has the price fallen enough to justify a purchase? There is no clear answer, of course, since these are speculative assets with no basis for speculation. But for other speakers and true believers who think that we will all end up using the crypto financial system, it is worth thinking about how investors are prepared for the system crisis. For the rest of us, it fun to watch from the sidelines. The easiest way is to look at the prices. Since peaking in November, bitcoin has fallen 77% against the dollar, a dramatic decline. Since the first crypto crisis in May, before Sam Bankman-Fried FTX has stepped in to calm things down, bitcoin has almost collapsed. But since the run on FTX that started with CoinDesk report about its hedge funds earlier this month leading to its payout, the price has fallen more than 20%. There is no way to say for sure how much confidence in the crypto ecosystem has been damaged by the magnitude of the failure. But on a larger scale, the 77% drop in prices is not that far off from the 85% drop in US stocks from the peak to the financial crisis of 2007-2009. Bitcoin is also better than a bank because it itself cannot fail, although the exchanges that allow it to trade seem to fall like dominoes (and unlike banks, they do not have the Federal Reserve to save them). Take that thought, and perhaps most of the loss of faith has already been explained in this process. The removal of speculators is another proof of this. Some crypto hedge funds have no choice but to stop trading as their funds are locked in a collapsed exchange. Others have chosen to take less risk, which means less money to support the value of crypto. The proof is, first of all, that there is little demand to borrow crypto assets, because speculators no longer want to take more risks. The interest that can be obtained by lending tether, a "stablecoin" that is pegged to the value of the dollar, has fallen to only 2-3%, less than what can be obtained from the risk-free dollar . There is almost no demand for bitcoin lending, and lending rates on Aave and Compound, two decentralized financial platforms for borrowers and lenders, are close to zero. Second, advertising in the popular arbitration market has increased dramatically. These are businesses that are successful when investors want to take risks, because the benefits are easy to calculate - for example, using different price values for different crypto groups separate, or buy a publicly traded company that holds shares. . These and other arbitrage transactions are no longer popular because they require a lot of involvement and involve the risk that the counterparty, exchange or listed company will fail. Third, the number of stablecoins in circulation has decreased as loans are repaid. There was only $65 billion outstanding, down from a peak of $83 billion in May.