Over the past 24 hours, the Bitcoin price has dropped by more than 7.5 percent from $8,150 to $7,500, as the crypto market lost $30 billion in one of the steepest drops in the past 30 days. Expected Decline, But Extreme Since July 29, Bitcoin recorded three consecutive sell candles on its one-day chart, demonstrating The post Crypto Bloodbath: Bitcoin Drops 7% to $7,500 as Crypto Market Loses $30 Billion appeared first on CCN
The Maltese government is gradually building a global market for cryptocurrencies as it continues to assert itself as the world’s blockchain island with crypto-friendly regulations . Thanks to such accommodating legislation, cryptocurrency companies like Binance and OKEx have flocked to the country to build out their services.
HSBC’s Global Head Of Digital said that at this stage the bank does not recognize crypto as a genuine investment asset, but is “cautiously looking”
Last week, Litecoin Foundation purchased a 9.9% stake in Germany’s WEG Bank as part of the partnership with TokenPay, a cryptocurrency payments company based in Switzerland. Following the acquisition, Charlie Lee, Litecoin founder, managing director of the Litecoin Foundation, and outstanding media figure, clarified his position on the deal.
If we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies, EY’s blockchain lead writes.
International outbound and inbound money transfer and e-payment service, DeeMoney, operated by Thai-…
Litecoin founder Charlie Lee said that the Litecoin Foundation’s new stake in a German bank could result in the bank offering crypto services
Governor of the Bank of Thailand Calls Out Fintech, Blockchain as Important to the Future of Finance Crowdfund Insider Full coverage
Japan Revamps Financial Regulatory Agency to Address Issues in FinTech, Cryptocurrencies Cointelegraph Japan overhauls financial watchdog for fintech age Nikkei Asian Review Full coverage
A framework has been developed for the G20 countries to “monitor the financial stability implications of crypto-assets markets.” The Financial Stability Board says cryptocurrencies “do not pose a material risk to global financial stability” but supports their “vigilant monitoring.” Also read: Yahoo!