Monday May 8, 2023

Your Weekly Update On All Things Crypto

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TL;DR

Could A New Global Reserve Currency Replace The Dollar
United States Probing Possible Russian Involvement In Binance
Could The SEC Be Changing Its Mind On Labeling Digital Assets
Santander Brasil Exploring Usage Of Tokenization Platform
Bitcoin (-2.6%) Retesting Critical Ascending Support
Ethereum (+0%) Flat for the 2nd Consecutive Week

MACRO NEWS

Could A New Global Reserve Currency Replace The Dollar...

De-dollarization is the process by which countries may end up abandoning the United States Dollar (USD) in international trade and transactions in favor of other currencies. For the moment, the USD is the reserve currency which is globally used in the trading of oil and other important commodities.

United States Probing Possible Russian Involvement In Binance...

The US Department of Justice (DOJ) is looking into Binance for yet another possible use of alleged criminal activity. This time, US authorities are investigating Russian involvement in the platform to avoid financial sanctions.

Could The SEC Be Changing Its Mind On Labeling Digital Assets...

On May 3rd, the United States SEC (Securities and Exchange Commission) took a small step back in regulating the crypto sector by removing what would have been its first official definition pertaining to digital assets from its latest hedge fund rule.

Santander Brasil Exploring Usage of Tokenization Platform...

The proposed method will focus on facilitating the negotiation of ownership titles for real estate and vehicles. It involves payment on delivery, where payment for the property occurs at the same time as the transfer of ownership to the buyer.

INDUSTRY EVENTS

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Bitcoin 2023

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TECHNICAL ANALYSIS

Bitcoin (-2.6%) Retesting Critical Ascending Support

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Ethereum (+0%) Flat for the 2nd Consecutive Week

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CONTENT OF THE WEEK

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.

CryptoWeekly - New Global Reserve Currency?

Could A New Global Reserve Currency Replace The Dollar...

United States Probing Possible Russian Involvement In Binance...

Could The SEC Be Changing Its Mind On Labeling Digital Assets...

Santander Brasil Exploring Usage of Tokenization Platform...

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