‘BNB Isn’t Crumbling’: CZ Slams Critics Stirring Fear And Doubt
According to reports, BNB showed unusual strength during a recent market tumble that wiped out nearly $20 billion in liquidations at the peak. The token barely budged at first — slipping roughly 2-3% during the early shock — and later traded above $1,130, gaining over 10% in 24 hours as buyers returned. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare CZ Pushes Back At Doubters Changpeng Zhao, the former Binance chief, answered critics on social media who suggested BNB’s steady price action deserved closer scrutiny. He mocked those raising alarm, using a laugh emoji....
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While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. However, cryptocurrency supporters believe Diehl failed to mention the amount of renewable energy used by a great number of mining facilities, alongside the insurmountable cost to operate today’s banking system.....
Crypto markets are on shaky ground right now, with the latest pullback stirring fresh talk of a wider crash. The Fear & Greed Index sits at 40, a level that screams caution but also hints at plenty of room for upside if sentiment flips. Historically, these oversold zones often lay the groundwork for the next […]
The provisions of the U.S. infrastructure bill stirred up a heated debate, but many of the fears voiced by its critics are misguided. United States Senators have cast their votes, and the contentious HR 3684 infrastructure bill cleared in the upper Congress chamber. Now, the gigantic document of over 2,700 pages and amounting to almost $1 trillion is heading to the House of Representatives, including the provisions expanding the definition of a cryptocurrency broker, designed to beef up crypto and decentralized finance (DeFi) tax compliance. The $1 trillion can’t come out of thin air,....
Aussie resilience (and bitcoin) binds us together during times of fear, uncertainty and doubt, says the head of a local exchange.
US Senator Cynthia Lummis has recently criticized the United States Securities and Exchange Commission (SEC)’s regulatory approach over Kraken, the San Francisco-based cryptocurrency exchange, without clear crypto rules. US Senator’s Critics Toward The SEC Approach Over Kraken On Monday, November 20, the United States Securities and Exchange Commission (SEC) filed a lawsuit against the US-based […]