Sunday, February 5

Bears Eye New Lows For Ethereum As Friday’s $1.1 Billion Options Expiration Approaches By Cointelegraph


©Reuters. Bears Eye New Lows for Ethereum as Friday’s $1.1B Options Expiration Approaches

Ether (ETH) price fell below $3,000 support on Jan 21 as regulatory uncertainty continues to plague the sector and rumors continue to circulate that the US Securities and Exchange Commission is reviewing crypto lending products. high-yield DeFi.

On Jan. 27, the Russian Ministry of Finance submitted a regulatory framework for cryptocurrencies for review. The proposal suggests that crypto operations be carried out within the traditional banking infrastructure and that mechanisms be included to identify the personal data of traders.

More gloomy news came as Ryan Korner, a senior special agent with the US Internal Revenue Service’s (IRS) Los Angeles Criminal Investigation field office, made negative comments during a virtual event hosted by the Law School. Gould of USC. According to Ryan, cryptocurrencies are the “future,” but “fraud and manipulation continue to proliferate in the space.”

Read the full article on Cointelegraph

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