Shiba Inu (SHIB) Falls Despite Increasing Burn Rate and Large Transactions
The <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency sector</a> continues to suffer the protracted consequences of the collapse of <a href="https://finbold.com/review/ftx-review/">FTX</a>, once one of the largest <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/">crypto exchanges</a> in the world, and the meme token Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/">SHIB</a>) is no exception, despite recent positive developments.
JPMorgan Study Finds 13% of Americans Have Bought Crypto
On Monday, December 12, the JPMorgan Chase (NYSE: <a href="https://finbold.com/stock/jpmorgan-chase-stock-jpmj/">JPM</a>) Institute <a href="https://www.jpmorganchase.com/institute/research/financial-markets/dynamics-demographics-us-household-crypto-asset-cryptocurrency-use" target="_blank">announced</a> the release of new data that was pulled from clients’ activities of the United States’ largest bank.
Crypto.com Releases Proof of Reserves, Showing Customers’ Balances Are Over 100% Backed
CryptoCom has provided proof of reserves for nine crypto assets, using the same auditor as Binance.
Huobi Research: A Study on the Investment Clock of Merrill Lynch
The investment clock is a macroeconomic analysis and broad asset allocation model proposed by Merrill Lynch in 2004. It adopts OECD output gap and CPI inflation data as the two main indicators to measure economic growth and price level.
Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers
Popular messenger Telegram now allows users to open accounts without the need to provide their mobile phone numbers. With the app’s latest update, they can log in using blockchain-based numbers instead, and they can be purchased with cryptocurrency on the Fragment platform.
Nigeria Caps Daily Cash Withdrawals at $45 to Boost Usage of its CBDC
Nigeria has taken an unconventional approach to encourage the use of its CBDC, the eNaira, by limiting ATM withdrawals to $45 per day.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens
Bitcoin was consolidating on Wednesday, as the U.S. dollar continued to strengthen versus several G7 currencies. A strong dollar means demand for cryptocurrencies typically plummets, with the global market cap trading in the red as of writing. Ethereum was also lower today, falling as it remained below $1,300.
Elizabeth Warren Led Cryptocurrency Bill in Works, May Give SEC Most Regulatory Authority
Senator Elizabeth Warren is <a href="https://www.semafor.com/article/12/06/2022/warren-crypto-plan">working</a> on a sweeping cryptocurrency bill that would give most cryptocurrency regulatory authority to the Securities and Exchange Commission, according to sources close to her.
Signature Bank to Reduce Crypto-Tied Deposits By As Much as $10 Billion
Signature Bank (SBNY) will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling a move away from the digital asset industry for the bank that until recently had been one of the most crypto-friendly companies on Wall Street.
Alameda’s Capital Portfolio Reveals Highest Investments in Polygon, Hole, and Port Finance
The capital portfolio of the fallen quantitative cryptocurrency trading firm Alameda Capital was recently <a href="https://www.ft.com/content/aaa4a42c-efcc-4c60-9dc6-ba6cccb599e6">released</a> by Financial Times, revealing some interesting investments.
