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…
Crypto Platforms
Vauld Suspends Operations Due To Financial Difficulties
Singapore-based crypto lending platform Vauld has halted withdrawals, deposits, and trading. The company announced this news earlier today, citing financial difficulties as the reason for pausing operations. Vauld claims its financial strains emanate from multiple factors, including market volatility, struggling partners, and the recent crypto market downturn. According to the company, poor market conditions have seen investors withdraw more than $197.7 million since June 12. To help keep stakeholders safe, Vauld claims to have hired Kroll Pte Limited as its…
3 years ago
Binance Group Finally Responds to The FCA’s Consumer Warnings
In a recent press release, the Financial Conduct Authority of the UK recently issued a consumer warning on the products and services of Binance Markets Limited and the Entire Binance Group. The release highlighted the reason for banning the activities of Binance global. However, The Binance group later released a series of statements on Twitter on the extent of the Ban. Crypto Platforms Must Adhere to FCA Regulations Generally, to participate in the regulated activities, the platforms must adhere to…
4 years ago