Bitcoin, Ethereum Bull Signal Could Come From Regulators
— New asset class, Crypto regulation remains patchy, Investment firms liquidated, Long run, June 2022, First time since, Research, Develop, Regulating, Fintech firm — 1 min read
Binance signed an agreement with Cambodia’s Securities and Exchange Regulator to develop a legal framework for regulating cryptocurrencies. Binance believes close ties with regulators could fuel a crypto recovery. The overall crypto market capitalization has plummeted by 10% and hit $0.89 trillion for the first time since the 2021 bull run. Analysts argue that the crypto bottom is near, and Bitcoin, Ethereum, and altcoins could begin recovery soon. The largest outflow was observed in Bitcoin and. Ethereum when compared to altcoins like Solana, Lite.coin, Polkadot, and Cardano. Binance recently cleared the air with French regulators, and received approval to provide digital asset services to users. The exchange now seeks to work towards. Source