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…
US Regulations
Binance Halts Activities In Israel Amid Regulatory Scrutiny
Facing increased scrutiny from the country's financial regulators, Binance paused all of its services in Israel. BNB token plunged on the news. On Thursday, Israel's Capital Markets Authority, the country's chief financial regulator, asked Binance to clarify its activities. In particular, Israeli authorities asked Binance to clarify the services it provides and the license under which it operates. According to the regulator, one of the largest exchanges in the world has stopped key operations after the probe. Following the intervention of…
3 years ago
JPMorgan Offers Banking Services to U.S. Based Cryptocurrency Exchanges
The biggest bank in the U.S., JPMorgan Chase, is now reportedly dealing with U.S. crypto exchanges Coinbase and Gemini as customers. On May 12, the Wall Street Journal (WSJ) reported that this is the first time the bank has served clients from the cryptocurrency industry. It was reported that both exchange accounts were accepted last month and the bank has started processing transactions. It is noteworthy that the bank is not processing Bitcoin or other crypto transactions on behalf of the exchanges,…
5 years ago