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…
Myanmar Apex Bank
Myanmar’s Apex Bank Says Digital Currencies are Prohibited
As participants in the cryptocurrency space are clamoring for wider adoption of cryptocurrencies and blockchain technology, as well as regulations to govern the space, some governments have taken steps in that direction, some are considering it while others still seem uninterested. According to the Central Bank of Myanmar (CBM), cryptocurrencies are not recognized as an official currency and imprisonment or fine is waiting for anyone caught trading digital assets. The new development was revealed by the Myanmar Times on May 20, noting…
5 years ago