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On January 17th, the top virtual currencies were in a state of divergence at the start of trading. As the world crypto market cap dwindled by 0.84 percent to $982.47 billion in the preceding 24 hours. The total crypto market volume for that period was augmented by 17.74 percent to
Due to technological difficulties, the European Union has to postpone the implementation of its major new law, the Markets in Crypto Assets Regulation (MiCA). But the final vote won’t happen until April at the earliest. Problems in translating the roughly 400-page document into the 24 official languages of the union.
With a slew of new digital asset rules slated to go into effect this year. Regulators in Hong Kong will soon select which crypto tokens its people may invest in. This is the most recent crypto regulatory action taken by Hong Kong, a market with deep roots in the trade
Global cryptocurrency After several weeks of steady decline, the market is showing signs of life. Gains in cryptocurrencies like Bitcoin (BTC) have stoked the fire that has ignited the crypto market. which, despite persistent lows, is continually rising to new heights as a result of learning from past mistakes. Goldmoney’s
When it comes to Bitcoin and other digital currencies, the Reserve Bank of India (RBI) has issued a strong warning. Governor of the Reserve Bank of India Shaktikanta Das said, in light of the FTX disaster, that such illiquid instruments “are nothing but gambling” and that their apparent value is
Authorities in Europe have shut down a fraud network of call centers that preyed on people interested in investing significant sums of money in cryptocurrency scams. The facilities were located in Serbia, Bulgaria, Cyprus, and Germany. According to a news statement issued by Eurojust on Thursday, the network was responsible
On Wednesday, SEC Chairman Gary Gensler participated in a Twitter spaces conversation held by the United States Army. Where he offered some tips on investing in cryptocurrencies. Gensler warned that most cryptocurrencies “are not complying with securities laws, but they should be.” Describing crypto as a “highly speculative, volatile asset
Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, has been experiencing a positive price momentum since the beginning of 2023. The market leading coin has reached a two-month high of around $20k amid the market’s rapid surge. Despite this, short traders have witnessed a massive loss following the
According to reports, Republicans in the US House of Representatives propose to form a new subcommittee. This is to strengthen their control of the cryptocurrency sector. In an interview on Thursday, incoming Financial Services Chair Patrick McHenry, who has long focused on financial technology issues, asserted that he intends to
The Consumer Price Index for December showed a gain that was in line with expectations, at 6.5%. The December CPI numbers were recently issued by the US Bureau of Labor Statistics. Minutes before the report was released, the cryptocurrency market was modestly positive, with most assets trading in the green.
