LeWeb14 via flickr
So, Garlinghouse and Larsen are convinced that cryptocurrencies will complement fiat currencies, and not put their existence at risk. They believe that the United States should head development of the industry.
According to them, without proper regulation, there are risks for innovation, tax revenues and jobs in the blockchain industry.
“We urge you to support regulation that will not dissuade American companies from responsibly using this technology to develop innovations,” the letter says.
For the sixth consecutive day, the price of Bitcoin has been staying below the moving average (MA) for 50 periods on the daily chart, which speaks in favor of the domination of bears in the short term, according to CoinDesk Markets analyst Sebastian Sinclair.
On Monday, the price of Bitcoin briefly dropped to $ 9111, but then rose to $ 9,725. However, the overall picture still speaks in favor of a rollback to support of $ 9,100 and even $ 8,800, Sinclair is convinced. On the daily chart, the RSI indicator cannot overcome resistance at the level of 50, which indicates the sellers' confidence, the analyst emphasized.
source: coindesk.com
According to them, without proper regulation, there are risks for innovation, tax revenues and jobs in the blockchain industry.
“We urge you to support regulation that will not dissuade American companies from responsibly using this technology to develop innovations,” the letter says.
For the sixth consecutive day, the price of Bitcoin has been staying below the moving average (MA) for 50 periods on the daily chart, which speaks in favor of the domination of bears in the short term, according to CoinDesk Markets analyst Sebastian Sinclair.
On Monday, the price of Bitcoin briefly dropped to $ 9111, but then rose to $ 9,725. However, the overall picture still speaks in favor of a rollback to support of $ 9,100 and even $ 8,800, Sinclair is convinced. On the daily chart, the RSI indicator cannot overcome resistance at the level of 50, which indicates the sellers' confidence, the analyst emphasized.
source: coindesk.com
