Binance, the world’s top crypto exchange by trading volume has made KYC verification mandatory for all users. The latest announcement seems to be part of the company’s pledge to mend its relations with regulators around the globe.
Bitcoin (BTC) jumped from a daily low of $44,161 to record a new daily high of $47,348, seeing a gain of over $3,000 over the past 24-hours. The top cryptocurrency managed to bounce back from the key support level of $43,935 and just a couple of rallies away from setting a new 3-month high above $48,000.
Cardano price analysis is bullish for today as the market saw a rapid increase in price overnight, and the previous all-time high at $2.47 was broken. Therefore, we expect ADA/USD to continue gaining ground and reach towards the $3 mark next.
U.S banking giants have started to acknowledge the rising traction within the cryptocurrency market. Different bulge bracket investment banks such as JPMorgan and Morgan Stanley have also enjoyed increasingly friendly regulatory waters of late.
The world’s second-largest Ethereum (ETH) has created major rage in the crypto market this year. At press time, Ethereum (ETH) is up 8% regaining its $3,200 levels and its market cap crossing $377 billion.
Public-listed cryptocurrency exchange Coinbase (NASDAQ: COIN) has made a major announcement regarding the company’s plans to invest in crypto. Coinbase CEO Brian Armstrong announced a few hours back that they have secured board approval to invest $500 million of its cash equivalent in cryptocurrency.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $47,415 on Bitstamp overnight on Thursday.
Authorities in Sweden have reportedly returned approximately $1.3 million worth of Bitcoin to a jailed drug dealer who amassed the funds in illegal online sales.