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…
WeChat Threatens to Ban Chinese Accounts Trading Digital Assets
Popular instant messaging platform WeChat has warned Chinese users against using the app to process transactions involving digital assets. This warning is in line with the directive issued by the Chinese Government last May. The directive banned financial institutions from providing crypto-related services, and warned investors against speculative crypto trading. Therefore, WeChat, China’s largest social media platform, declared that it would limit or ban accounts that trade crypto or NFTs. Recently, it updated its rules to state what transaction behaviors…
3 years ago