The SEC went for the jugular in the Binance and Binance.US case by requesting an order to freeze all Binance.US assets before the hearing. The stakes are high for Binance in this case and the cryptocurrency market as a whole; therefore, emerging reports from the case will have some significance on market price trends. This article is a daily crypto roundup with the latest updates on market trends and price movements of various cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more.
Bitcoin, Ethereum, and other cryptocurrencies fell in the trade on Monday. The largest cryptocurrency by market cap remained above the US$30,000 mark over the weekend, despite minor losses across the price charts. The second most popular token, Ethereum, has dropped 1.65% from yesterday and is trading at US$1,878.17. From the previous week, it is up 8.85%.
Other popular altcoins like Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) landed in the reds across the board. PancakeSwap (CAKE) became the biggest gainer of the lot, with a 24-hour jump of nearly 10 percent. The global crypto market cap stood at US$1.17 trillion, with a volume of almost US$34.1 billion in the past 24 hours.
The leading blockchain and cryptocurrency platform, Binance, has been ordered by Belgium's Financial Services and Markets Authority (FSMA) to cease all virtual currency service offers in the country immediately.
The FSMA has noted that "Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area." The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any such services in Belgium.
"By way of its decision dated 23 June 2023, the FSMA has therefore decided to order Binance to cease, with immediate effect, offering or providing any exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services," the regulator said.
Shiba Inu's lead developer, Shytoshi Kusama, once again sparked a wave of curiosity in the SHIB community with his latest tweet.
"Next up, @susbarium, have a moment to chat?" Kusama posted with Twitter tags like Shibarium, excellent service, and others, further stoking speculation.
The community Is awaiting the following indication of what the conversations may reveal; the potential discussions might be on Shibarium or tackling FUD and con artists who target the Shiba Inu community.
According to reports and evaluations, almost three-quarters or more of the jurisdictions present were either partially compliant or just non-compliant with these recommendations. A FATF plenary publication declared: Many jurisdictions still need to implement fundamental requirements, and more than half of survey respondents have yet to take any steps towards implementing the travel rule, an essential FATF requirement to prevent funds from being transferred to sanctioned individuals or entities.
In an analysis, JPMorgan divulged that Bitcoin miners accessing inexpensive electricity from sustainable sources are more likely to thrive amidst intensifying competition.
The research emphasizes the drop in power costs, notably in the US, home to most Bitcoin mining companies. Notably, the United States is the most significant contributor to the Bitcoin hash rate when referring to the total aggregate computing power used in mining and processing transactions on the Bitcoin blockchain.
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