Crypto, Play-to-Earn, and NFT Philippines News and Resource
Besides BAKKT, Binance said its OTC desk has seen more sell flows than buys. Traders have moved out of their altcoin positions and even BTC positions when BTC prices were around $10,000.
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One factor of market manipulation is information asymmetric where one party has better information than the other party.
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In her explanatory note, the newly-elected Senator explained how the current regulatory landscape when it comes, in particular, with cryptocurrencies is highly disorganized.
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As the Bitcoin price reaches its lowest point in the last 3 months, it will be interesting to see how BAKKT and institutional investors will affect the cryptocurrency market.
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The Senators admitted that due to the complexity of the subject matter, the recommendation is not to rush drafting a law, but to create a task force composed of the following agencies to study the field.
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Grapefruit (GSI) insisted, apart from not operating illegally, via a letter to the BI that they hired the 4 Chinese Nationals named in the warrant based on documents these 4 submitted like passports, visas, etc.
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