On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
Cryptocurrencies keep diving as SEC warns against illegal exchanges
On Thursday, Bitcoin as well as other crypto assets kept diving after the Securities and Exchange Commission dared to warn against suspicious crypto exchanges.
Bitcoin showed an outcome of $9,757.10, sliding 7.88% on the Bitfinex, which is not far from its overnight minimum of $9,572.
On Wednesday, the SEC warned market participants against quite suspicious online platforms, telling that any exchange, which trades digital assets classified as securities are bound to be registered with the watchdog.
In spite of the fact some of these platforms utilize strict standards to deal only with high-quality digital currencies, the SEC doesn’t think these standards or the crypto assets chosen by the platforms shouldn’t be likened to the listing requirements of national securities exchanges, as the agency pointed out.
The SEC announcement emerged the same day that crypto exchange platform Coinbase told it’s on the verge of introducing a weighted index fund to have to do with first-time crypto investors. As the virtual currencies gain greater popularity, watchdogs around the globe have been discussing the best way to have cryptocurrencies regulated.
Besides this, on Tuesday Jack Weinstein, US District Judge ruled that the CFTC was free to file a fraud lawsuit against Patrick McDonnell as well as his company dubbed Coin Drop Markets. Since 2015 the agency has classified Bitcoin to be a commodity, while Weinstein’s ruling generally underpins that decision.
Crypto assets were also held back by reports that Japan’s Financial Services Agency had seven crypto exchanges punished for not having adequate internal control systems. Two exchanges, FSHO and Bit Station were forced to suspend trading for one month.
As for other virtual currencies, they headed south, with Ethereum, the world’s number two crypto asset by market cap, edging down 5.63% hitting $743.91.
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…