Crypto News
Harvard Professor Who Predicted Bitcoin Crash to $100 Says Regulators Were Too Lax
In 2018, Kenneth S Rogoff, professor of economics at Harvard University and a former chief economist at the International Monetary Fund, predicted bitcoin (BTC) was more likely to be worth $100 than $100,000 in a decade.In reality, bitcoin's price rose above $100,000 this year, a 10-fold increase from March 2018's sub-$10,000 level when Rogoff predicted the crash.On Tuesday, with bitcoin hovering around $113,000, Rogoff reflected on how he had missed the mark, saying he had been "far too optimistic about the U.S. coming to its senses regarding sensible cryptocurrency regulation."In a post on X, Harvard economist Ken Rogoff expressed said he'd expected policymakers to adopt a firm stance to curb the use of cryptocurrencies in tax evasion and illegal activities....
Trump Wants to Fire Fed Governor Lisa Cook
The president is demanding Cook’s resignation over what one Trump official describes as “mortgage fraud.” Fed Governor Lisa Cook Now in Trump’s Crosshairs “Lisa Cook is cooked.” Those are the words of Bill Pulte, director of the Federal Housing Finance Agency. The 37-year-old Republican is leading a campaign to ouster U.S. Federal Reserve Governor LisaSource link
Shiba Inu Bulls Defend Dual Support With 1T Volume. What Next?
Shiba Inu (SHIB) has gained over 2% in the past 24 hours, with bulls defending key support levels on the back of strong volumes.The meme cryptocurrency fell early Wednesday as BTC and the broader market witnessed de-risking ahead of Fed Chair Jerome Powell's impending speech.Buyers, however, stepped in closer to the $0.00001200 level, ensuring that the psychological support was maintained. The subsequent recovery also lifted prices back above the ascending trendline connecting June 22 and Aug. 2 lows, and the key level of $0.00001231, which is the 61.8% Fibonacci retracement of the June-July rally.Bulls fuel SHIB comebackSHIB shakes off volatility, powers from $0.000012295 to $0.000012574 close on heavy bullish flow. Token holds critical support, smashes through resistance barriers. Next target:...
Are You a Commodity Trading Advisor? Crypto KOLs at Risk
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. The Hidden Risk for Crypto KOLs: Running Afoul of CTA Rules As digital assetSource link
Key Bitcoin Indicators Hint at Bearish Regime Shift as Jackson Hole Nears
Key bitcoin (BTC) indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium.The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest.As of writing, the 180-day skew was negative 0.42, the lowest since June 2023, according to data source Amberdata. A negative call-put skew suggests that traders are pricing in greater demand for put options (which offer protection against price declines) relative to call options. The data can be interpreted as rising market caution or bearish sentiment over the medium term."BTC longer dated skew flipping into put premium could be a...