Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Akbank
The UK Adopts the 5AMLD Guidelines to Prevent Cryptocurrency Risks
The finance and the economics department of the UK recently strengthened measures to curb the risks associated with cryptocurrencies. Therese Chambers, the Director of Retail and Regulatory Investigations, revealed the new regulations in a speech on the 6th of March 2020. Chambers noted that the UK’s Financial Conduct Authority (FCA) is the official overseer of the Anti-Money Laundering for some crypto objectives, as per the new Money Laundering Regulations (MLR). Chambers Speech on Cryptocurrency Regulations Chambers noted that the UK’s…
5 years ago
Akbank, Turkish-Based Bank Integrates Directly with Binance
Binance recently announced its partnership with the largest Turkish Bank, Akbank. Binance is a top crypto exchange in terms of volume. The collaboration will allow Turkish users to withdraw and deposit Turkish Lira (TRY) instantly on Binance through desktop and iOS App with low fees. Earlier, Binance announced support for the Turkish Lira on its platform for Turkish citizens. Zhao’s Views on Akbank Integration with Binance Changpeng Zhao, Binance CEO, pointed out that the exchange is expanding the available options…
5 years ago