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…
Mexico’s Central Bank is Skeptical
Mexico’s Central Bank is Skeptical of Crypto Use Following Salinas’ Announcement
Mexico’s Central Bank, via a statement, warned all commercial institutions from offering services or trading with the public in cryptocurrencies such as Bitcoin. This was a joint statement between Banxico, Mexico’s Central Bank, the National Banking and Securities Commission, and the finance secretary. Cryptocurrencies’ Classification It also claimed that cryptocurrencies are neither currencies under the present legal framework nor legal tender assets. They also warned against the inherent risks of using cryptocurrencies. This warning comes just a day after Mexican…
4 years ago