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What Happened on the Crypto Market Today?
If you're interested in the cryptocurrency market, you may be wondering what the latest news is. Luckily, there is plenty of news coming out on the cryptocurrency market each day. You can read about new companies, exchanges, and more in our quick guide below. But, before you dive into the news, make sure you read the previous articles first to find out if you're on the right track.
Hundred Finance - A multi-chain lending startup that's making waves. The decentralized finance concept has been a hot topic for more than two years and has already revolutionized the world of finance. Animoca Brands & Avax (AVAX-USD), a South Korean talent agency and record label that is bringing cryptocurrency to the masses. And, of course, Bitcoin.
Secretum - A messaging Dapp that utilizes blockchain technology to make P2P crypto trading easy. It's the go-to chat app for crypto users. And, Futurent – a decentralized blockchain network that uses smart contracts to help users, is expected to start accepting Bitcoin payments online by the third quarter of 2018. There's no doubt that these developments will affect the overall value of the crypto market, so stay tuned!
Circle - A United States-based cryptocurrency issuer aims to enter the thriving Asian crypto markets, and it's picked the Japanese yen stablecoin to do so. Binance - A global cryptocurrency investment management company based in Singapore - calls for a global regulatory framework. And, as the cryptocurrency market is becoming more regulated, the Chinese government recently banned transactions in cryptocurrencies. Meanwhile, Mike Novogratz's company Galaxy Digital Holdings has put forward legislation to ban all private cryptocurrencies. And, as the latest news on cryptocurrencies and the digital currency industry is unfolding, there are many new developments to watch.
Despite the recent developments, Congress is unlikely to adopt new crypto rules anytime soon. It's not surprising that lawmakers are treating the hearing as a fact-finding exercise. But the biggest concern is how the market will be regulated once it becomes widely accepted. Amid a global economic crisis, it's important to note that there is no central governing body for crypto. Therefore, it's likely that Congress will continue to make rules for the industry as a whole.
There are lots of exciting things happening in the crypto world. The Sandbox decentralized gaming platform, for example, recently raised $93 million. And the Israeli government has also adopted AML rules for the cryptocurrency market. Several companies are preparing to launch an EVM. Its CEO is announcing new listing for SHIB.com and other major exchanges. And the news is not all that's happening in the cryptocurrency world.
One of the most interesting stories today is that South Korea has enacted a new law that would make it illegal to own and use crypto. The Finance Ministry has been working on a comprehensive bill to regulate cryptocurrency exchanges, investors, and other players. In addition, a number of cryptocurrency projects have been launched in the past week. However, there is no clear consensus on the regulations regarding cryptoassets.
While the broader market has been booming this week, the sector is still in a bear market. The price of the cryptocurrency has fallen, and investors are increasingly avoiding the currency because it's too risky. In this case, it's best to stay away from the cryptocurrency markets until the situation becomes more stable. In addition, the growth of the crypto industry has made many regulators nervous, but they're also wary of overly restrictive regulations.
Some of the most important news today in the crypto world involves the U.S. federal government. During a live recording of the Shark Tank show, he talked about his crypto holdings and a Bitcoin ATM. A number of other important stories in the cryptocurrency market include the theft of a Bitcoin ATM in Barcelona. Some of the biggest stories of the day will be reported in the next few days.
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