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Day: February 21, 2023

Biggest Movers: SOL 11% Higher, BCH Hits Strongest Point Since July

Biggest Movers: SOL 11% Higher, BCH Hits Strongest Point Since July

As a result of the recent two weeks’ strong market attitude and prices reaching a multi-month high, Solana (SOL) increased by 11% to start the week. Earlier in the day, Bitcoin Cash (BCH) climbed to its greatest level in the previous few months, reaching a high of $146.83. The 10-day moving average is getting ready to cross over with its 25-day (blue) counterpart, and the 14-day RSI has risen past its own maximum of 62.58. News Sorce

Many stablecoins fall short of coming regulatory recommendations, says FSB chair

Many stablecoins fall short of coming regulatory recommendations, says FSB chair

Klaas Knot, the head of the Financial Stability Board (FSB), has described how the group intends to confront major threats to financial stability this year, such as cryptocurrency and decentralized finance (DeFi). The FSB has an ambitious work schedule to complete a regulatory framework for crypto assets in 2023, and it will make suggestions for particular standard-setting bodies and oversee their implementation. The “same risk, same regulation” guiding principles for financial market infrastructures are extended to stablecoins by the BIS and International Organization of Securities Commissions. News Sorce