The Bank of England (BoE) has signaled openness to softening its regulatory approach to systemic pound-pegged stablecoins after facing backlash from lawmakers and industry leaders over certain proposed policies. BoE To Revise Stablecoin Regulation Proposal On Wednesday, Bank of England Deputy Governor Sarah Breeden affirmed that the financial authority was “genuinely open” to revising its…
By Alex Kuptsikevich Market Picture The cryptocurrency market has added 3.3% in the last 24 hours. The violent recovery from Monday’s kick-off crash has been losing traction for the past few hours. It seems that while the market has not gone into all-out sell-off mode, a reason for sustained buying is hard to find as…
By Alex Kuptsikevich Market Picture Active buying continues in the crypto market, with its total cap rising 3.2% in 24 hours to $2.21 trillion, reviving the fight to break the previous local high of $2.27 trillion a month ago. The local low in early September was above the previous low, and a break of the…
By Alex Kuptsikevich Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market…
By Alex Kuptsikevich Market picture The crypto market added 1.3% in 24 hours to $2.58 trillion. This is roughly the area where trading has been centred for the last week, despite attempts by speculators to rock the market. Volatility in the market has decreased, with prices of the major coins varying between -1.3% (Toncoin) and…