Crypto News: SBF Bail, Mining Bans, Bear Market Timing & More!
I know this week's crypto review comes a little later than usual, but I reckon Christmas is as good an excuse as any. Although the crypto market has been quiet, we continue to see some very interesting headlines, and I'm here as always to give you the highlights.
Besides Sam walking out of jail on a 250 million dollar bond without putting down a dollar, the headline that really turned my head was the one about Nigeria legalising crypto. This is surprising given the country banned crypto in 2021 and is pushing its CBDC.
I also couldn't help but notice that there's lots of talk of a potential peace deal between Russia and Ukraine. As far as I know there was a peace deal discussed shortly after the start of the war. Let's hope the next peace deal doesn't end up like the first!
And finally, Ben Cowen takes us through some really interesting charts including the time based capitulation component of Bitcoin's price, ETH's logarithmic channel and the MVRZ measure.
⛓️ 🔗 Useful Links 🔗 ⛓️
► SBF 250M Bail Bond Explained: https://decrypt.co/117814/how-sam-ban...
► Japan Lifts Foreign Stablecoin Ban: https://cointelegraph.com/news/japan-...
► Nigeria Legalizes Cryptocurrency: https://cointelegraph.com/news/nigeri...
► Core Scientific Goes Bankrupt: https://cointelegraph.com/news/bitcoi...
► Ukraine Peace Summit February 2023: https://apnews.com/eb86ba6fe45717c11e...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.