Binance Coin price analysis is bearish for today as the market rallied more than 15 percent yesterday and set a new swing high at $500. However, since BNB/USD started to consolidate, we assume bulls are exhausted, and a retracement is expected later today.
A regional high court in China’s Northern Shandong province’s high court said yesterday that crypto trades or investments are not “protected by law,” after reviewing a case involving the asset class, a report on SCMP stated.
Via a blog post on Monday, Poly Network confirmed that they had successfully retrieved the remaining 28,953 ETH and 1,032 WBTC, worth about $141 million. This was possible only after the hacker, dubbed “Mr. White Hat,” shared a private key to the multi-signature wallet holding the funds through an on-chain message.
The U.S. SEC has entered a settlement with two alleged promoters of the multi-billion dollar BTC scam BitConnect. BitConnect agreed to pay over $3.7 million in disgorgement and prejudgment interest. They are also to forfeit 190 BTC to the regulator, worth $8.9 million at current prices. BitConnect was one of the biggest successes in the world of cryptocurrencies after its ICO.
After a brief consolidation of around $48K. Yesterday, BTC rallied as high as $50321. Recording an 82% recovery since hitting a yearly low of $27700. However, the token failed to keep up the bull and is currently on a downtrend.
Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.
Online casino portal GamblersPick talked to 1,000 US investors about the amount of crypto they own, how they have financed their portfolios and what they choose to forgo in order to maintain their investment.
The US has one of the lowest cryptocurrency adoption rates, according to Finder’s global cryptocurrency adoption report, which compares ownership rates across 27 countries.
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Japanese financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors. Earlier, the FSA established a dedicated section and a panel of financial experts to help the government oversee digital and decentralized finance. Japanese financial regulator will also be responsible for keeping track of developments in cryptocurrencies and central bank digital currency (CBDC) initiatives.