Bitcoin - Dec 01, 2022

American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it last?

Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it heads for "irrelevance", the European Central Bank said on Wednesday.

The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded fund listings to date, commissioner Mark Uyeda said at the sidelines of a forum in Singapore on Wednesday.

European Bank criticises digital currency sector for facilitating illegal activityThe European Central Bank says bitcoin is on an “artificially induced last gasp before the road to irrelevance”, in a scathing intervention arguing against giving regulatory leg…

Guardian writers look back at the platform’s triumphs and pitfalls as the service faces an uncertain futureWith Twitter in turmoil under its new owner, Elon Musk, many users are taking a moment to assess the legacy of the social media platform. Launched in 20…

European Central Bank officials argued on Wednesday that bitcoin is "rarely used for legal transactions," is fuelled by speculation and the recent erosion in its value indicates that it is on the "road to irrelevance," in a series of stringent criticism (bere…

Industry experts told Insider their crypto market outlook after FTX's sudden downfall, which has brought down other ailing firms.

Q3 GDP growth was revised to 2.9% from 2.6%, while the ADP payroll report showed 127,000 jobs added in November, below estimates for 190,000 jobs.

"It is entirely possible the December hike of 50 basis points could be the last hike," Fundstrat's Tom Lee said of Fed Chair Jerome Powell's speech.