{"id":26074,"date":"2022-12-13T12:56:09","date_gmt":"2022-12-13T12:56:09","guid":{"rendered":"https:\/\/p2pb2b.com\/blog\/?p=26074"},"modified":"2022-12-19T09:22:35","modified_gmt":"2022-12-19T09:22:35","slug":"weekly-crypto-market-news-6-11-dec","status":"publish","type":"post","link":"https:\/\/p2pb2b.com\/blog\/weekly-crypto-market-news-6-11-dec\/","title":{"rendered":"Weekly Crypto Market News \/ 5 \u2013\u00a011 December"},"content":{"rendered":"<h2 id=\"heading-1\" style=\"text-align: center;\"><strong>Swing of the algorithmic and overcollateralized stablecoin USDD by Justin Sun<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">It is dangerous to play on it, according to rumors, because Justin has the ability to manipulate the price of the asset. But there are other rumors that half of the collateral in TRX is illiquid, and all USDC is jUSDC, which is recognized as a loan through JustLend. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Read more on <\/span><a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1602227960328904704\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\"><span style=\"text-decoration: underline;\">@WuBlockchain channel<\/span><\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2 id=\"heading-2\" style=\"text-align: center;\"><strong>And what if the Fed deceives\u2026<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Ahead of December&#8217;s key financial event, the S&amp;P 500 and Bitcoin have begun to lay the groundwork for a tougher Fed. And investors finally realized that the rate will continue to rise in any case, just maybe not so quickly \ud83d\ude2c<\/span><\/p>\n<h2 id=\"heading-3\" style=\"text-align: center;\"><strong>Our news feed today can be named as a \u201cFUD and others:\u201d<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An American senator asks <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/cointelegraph.com\/news\/us-senator-there-s-no-reason-why-crypto-should-exist\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">why cryptocurrencies should even exist<\/span><\/a><\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sam Bankman-Fried tells how he will <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/cointelegraph.com\/news\/sbf-wants-to-start-a-new-business-officially-added-as-hearing-witness\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">come up with a new business and repay everyone&#8217;s debts<\/span><\/a><\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The founder of Terra, <\/span><a href=\"https:\/\/cointelegraph.com\/news\/terra-co-founder-do-kwon-hiding-out-in-serbia-says-authorities\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\"><span style=\"text-decoration: underline;\">Do Kwon was found in Serbia<\/span><\/span><\/a><span style=\"font-weight: 400;\">. He\u2019s definitely not hiding from anyone; just hanging out there.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.coindesk.com\/business\/2022\/12\/07\/binances-bitcoin-reserves-are-overcollateralized-says-audit\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Binance&#8217;s liabilities are 101% backed by reserves<\/span><\/a><\/span><span style=\"font-weight: 400;\">, according to a Mazars report<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/twitter.com\/Tether_to\/status\/1600148779721756672\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Tether launched CNH\u20ae stablecoin <\/span><\/a><\/span><span style=\"font-weight: 400;\">pegged to the yuan.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/twitter.com\/Ledger\/status\/1600135034526085120\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Ledger presented a new hardware wallet <\/span><\/a><\/span><span style=\"font-weight: 400;\">named Stax.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Circle, the issuer of USDC, <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/twitter.com\/jerallaire\/status\/1599755837177667585\" target=\"_blank\" rel=\"nofollow noopener\">refused to go public<\/a><\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/twitter.com\/elonmusk\/status\/1601298737984249857\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Elon Musk<\/span><\/a><\/span><span style=\"font-weight: 400;\">: if the Fed raises interest rates next week, the recession will intensify significantly. And they will raise, and Elon risks can lose the status of the richest man in the world for a long time.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swing of the algorithmic and overcollateralized stablecoin USDD by Justin Sun It is dangerous to play on it, according to rumors, because Justin has the ability to manipulate the price of the asset. But there are other rumors that half of the collateral in TRX is illiquid, and all USDC is jUSDC, which is recognized &hellip;<\/p>\n","protected":false},"author":1,"featured_media":24009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[1],"tags":[],"topic":[1970],"difficulty":[1360],"collection":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Crypto Market News \/ 5 \u2013\u00a011 December &mdash; Crypto news 2024 P2B<\/title>\n<meta name=\"description\" content=\"Keep your finger on the pulse of the latest crypto news with P2B Blog. Read a short recap of the most important crypto news from 6 to 11 Dec. 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