BENCHMARK
Indices | LTP | Change (%) |
---|---|---|
BITCOIN | $25911 | 0.40% |
ETHEREUM | $1746 | 0.01% |
CRYPTO STATS(24H)
Indices | VALUE | Change (%) |
---|---|---|
MARKET CAP | $1.09 T | 0.20 % |
TRADING VOLUME | $30.30 B | 15.36% |
TOP 5 GAINERS
Indices | LTP | Change (%) |
---|---|---|
NeosCredits | $0.15 | 79.92% |
Energi | $0.090 | 54.51% |
Unitrade | $0.14 | 42.44% |
PlasmaFinance | $0.0032 | 37.52% |
Doubloon | $0.0048 | 29.18% |
TOP 5 LOSERS
Indices | LTP | Change (%) |
---|---|---|
ZombieInu(OLD) | $0.000000000019 | 91.81% |
DAVNetwork | $0.00045 | 76.94% |
SmartCash | $0.00022 | 37.02% |
Rocki | $0.0040 | 26.41% |
2local | $0.00000040 | 25.97% |
Following a tumultuous weekend, Bitcoin and other leading cryptocurrencies demonstrated resilience on Monday despite facing regulatory challenges and liquidity issues. US regulators have taken a hardline approach, targeting major crypto exchanges and classifying several prominent altcoins as securities - a designation that carries negative connotations within the crypto community.
Major Events Around the World
Binance, the world's largest cryptocurrency exchange, has recently come under fire due to lawsuits filed by the U.S. Securities and Exchange Commission (SEC). The exchange has been the subject of significant attention due to reported outflows. However, Binance CEO Changpeng "CZ" Zhao has taken to Twitter to address the issue, stating that the data presented is slightly misleading. According to CZ, Binance's internal data reveals a net outflow of approximately $392 million within the last 24 hours.
Hong Kong, renowned for its forward-thinking stance on cryptocurrencies, has extended an invitation to global crypto trading operators to establish their businesses in the country. Legislative Council member Johnny Ng has expressed his eagerness to provide assistance and has even hinted at potential stock listing opportunities for crypto trading operators, such as Coinbase. This development follows the recent crackdown by the US SEC on the crypto industry, which resulted in lawsuits being filed against major players like Binance and Coinbase.
US Senator Cynthia Lummis has made a significant move that has been applauded by the broader crypto community on Twitter. She took to social media to announce her ongoing efforts to establish a regulatory framework that would enable individuals and companies to own and trade digital assets within the United States. Working alongside Senator Kirsten Gillibrand, Lummis has been spearheading a revamped bipartisan effort to introduce comprehensive regulations for cryptocurrencies.
COIN GABBAR Views: To potentially reverse the bearish trend, bitcoin may need the support of US lawmakers. Without intervention, the increased activity from the Securities and Exchange Commission (SEC) will continue to be a headwind for bitcoin and the cryptocurrency market as a whole. Hong Kong Legislator Invites Coinbase To Establish Crypto Operations. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Future of Crypto Amid US Regulatory Crackdown: What Lies Ahead?
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.from Coin Gabbar News https://ift.tt/aTFdsxg
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