More than 20 cryptocurrency companies have announced they are leaving China after the government cracked down on the industry on September 24. This new wave of sanctions paves the way for the US to gain the upper hand in this sector.
Bitcoin (BTC) price has started to break through more resistance levels, reaching the high of $55,743. Buyers have overcome the previous resistance at $52,888 to reach the new price level. In the last price action, buyers were overwhelmed at the high of $52,888.
Royaltiz is a new branch of investing in the 21st century. A team of specialists has been working hard on a celebrity investing platform. This means that the full range of features is the same as a stock exchange, but you invest in people - not company stocks.
One of the largest exchanges in the world has been in trouble a lot lately. Just recently, it had to deal with scrutiny over regulatory issues. Now their customers have been robbed of their money by a cyber attack.
Gary Gensler, the crypto-friendly chairman of the US Securities and Exchange Commission Exchange Commission (SEC), has expressed his support for cryptocurrency ETFs. However, he stressed that this was his personal opinion and had nothing to do with the regulator's plans to approve a proposal.
The scrutiny that US regulators are imposing on cryptocurrency companies seems to be becoming a trend. Kraken is the latest company to run into trouble. The exchange had to pay a $1.25 fine for alleged illegal activity.
It seems that the introduction of Bitcoin in El Salvador is not going as smoothly as expected. Although President Bukele publicly assured citizens that the problems with the Chivo wallet have been fixed, users are still reporting issues.
Akoin (AKN), the long-awaited cryptocurrency from Akon, was launched late last year, but since then the American public has had limited or no access to it. However, Akoin's management has announced that the token will be available in the US on September 17.
The United States Securities and Exchange Commission (US SEC) has already become notorious for its litigation against cryptocurrency companies. Ripple, Binance... Coinbase could be next. Is the regulator fighting the cryptocurrency business?