BITCOIN AND ALTCOINS GREAT GAINS THIS WEEK! (AND MORE…)
Happy Friday everyone, let’s dive in!
You probably already know that Sam Bankman-Fried was called back to court because the judge found out that he “accessed the internet in a way the government can’t track,” according to CNN Business. You can’t make this stuff up!😩
But in other news, US Securities and Exchange Commission Chair Gary Gensler has been recently warning crypto companies to “come in and follow the law” after a settlement was announced with the crypto exchange company, Kraken.
He appeared on CNBC’s Squawk Box a week ago, saying that crypto exchanges should register with the SEC so that they could be in compliance with US regulations but that they chose not to do so. 😳😳😳 So wait…. Does the US have crypto regulations?😳 Since when? 👀 Where do we find them?😳 What do they say? I mean to tell ya, this is wild! Here are his words:
“If this field has any chance of survival and success, it’s time-tested rules and laws to protect the investing public,” said Gensler. “Don’t have your hand in the customer’s pocket, using their funds for your own platform.”
From what he’s saying it seems that the US government wants to protect us (lol!). But I’m not kidding y’all. If anyone can point me to the US crypto regulations I would love to see what it says, cuz this right here…… 🙄🙄
Moving right along to more crypto news, has anyone noticed what happened with Bitcoin (BTC)? Over the past week? Yassssssss! BTC’s price increased by 10%! Listen! There were green candles everywhere as I was trading and that made me happy!😜 So as of right now as I’m writing, BTC is at $24,178.🙏🏿🙌🏾😅🤸🏿♀️ I just checked with cryptopotato dot com and they’re saying that the total capitalization is also up by about $100 billion, that’s niiiiiice!
So of course this affected the entire market and a lot of altcoins are showing great gains this week as well. My 2nd crypto baby Ethereum (ETH) is up by 8.3%,😜 Cardano (ADA) is up by 10.4%, and Polygon (MATIC) is up by over 20%. Also, the native exchange for OKEx (OKB) is up by 37.4%, as well as Solana (SOL) is up by 11%. (The above information is from Crypto Potato dot com).
I’ve been saying don’t give up on crypto, y’all! We already know it’s a volatile market so we should be expecting it to quickly and violently swing in both directions, but that doesn’t mean that we should give up. Learn as much as you can, get your knowledge, and then get the bag! 👜💼
Peace out. May God’s best and richest be yours, I’ll see you next Friday! ✌🏾
Copyright ©2023 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post