Here is what happened yesterday in the crypto market:
Potential Bitcoin Upside as Forex Markets Shift
Recent forex market trends indicate a potential upside for Bitcoin, offering traders a glimmer of hope amidst fluctuating conditions. Observers suggest a return to stability could be on the horizon.
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Coinbase Gains Regulatory Approval in the UK
Coinbase has secured a spot on the UK’s Financial Conduct Authority register, allowing it to provide crypto services. This approval positions Coinbase as a significant player in the UK crypto market, providing reassurances to clients.
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WazirX Offers Creditors a Choice Post-Hack
In the aftermath of a substantial hack affecting WazirX, creditors are being advised to either accept a new refund scheme or face lengthy waits until 2030 for recovery. This move has raised concerns about the exchange’s stability and transparency.
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SEC Appoints New Leaders to Crypto Task Force
The SEC has unveiled its new Crypto Task Force, aimed at developing coherent policies for the burgeoning sector. This initiative seeks to establish much-needed regulatory clarity for crypto companies operating in the U.S.
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Ethereum Experiences Heightened Volatility
Ethereum’s price has shown notable volatility, with fluctuations attributed to macroeconomic factors and regulators’ decisions impacting the broader cryptocurrency landscape.
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