IMF Chairman Christine Lagarde Encourages Open Cryptocurrency Regulation, & Other News
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by Cointelegraph
Price Analysis 04/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM The bounce in Bitcoin from close to the strong support of $9,080 has risen above both moving averages, which is a positive sign. However, bulls are facing resistance just below the $11,000 mark. Read our analysis to find out more.
IMF Chairman Christine Lagarde Encourages Open Cryptocurrency Regulation European Central Bank (ECB) presidential candidate and International Monetary Fund (IMF) chairman Christine Lagarde stated on Sept. 4 that central banks and financial supervisors should protect consumers but also be open to innovation such as cryptocurrencies.
Burundi Bans Cryptocurrency Trading Due to Lack of User Protection As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to take action regarding cryptocurrency trading after they lost money while dealing with digital currencies. The government subsequently banned crypto trading, explaining that it cannot provide appropriate user protection.
TruTrace Partners With Deloitte to Track Cannabis Using Blockchain TruTrace is launching its StrainSecure product in partnership with Deloitte. The system in question reportedly employs blockchain technology to track cannabis from seed to sale in order to guarantee that customers and retailers know the history of the product.
No 'AltSeason' Until Bitcoin Breaks $20K, Says Hedge Fund Manager Cointelegraph spoke with Cantering Clark, a hedge fund manager and co-founder of Blockroots, to pick his brain about the general state of the market and whether altcoins will recover. Read the interview to find out more.
SPONSORED: A crypto startup says it offers an "evolutionary leap" by tackling the trilemma of issues affecting blockchain: Scalability, decentralization, and security
Quote of the day
"t's not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold. What we need to do is make it more usable and accessible as a currency, but it's not there yet."
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