in exchange for free cryptocurrency. The company has gained over 100,000 users globally and aims to reach one billion users by 2023.
Bitcoin experienced an extreme crash today, dropping to $8,200 on Binance’s US platform. This decline was an 87% fall from $65,815 and was only brief before the coin climbed back up again. The crash comes after Binance’s CEO tweeted “Expect very high volatility in #crypto over the next few months.”
According to a report that was commissioned by the Select Committee on Financial Technology and Regulatory Technology, Australia should create a new regulatory regime for cryptocurrency to encourage business onshore and to help the country to compete with the UK and Singapore.
The world’s cryptocurrency market capitalisation is currently up by $2.5 trillion and over 10,000 BTC were sold on OKEx amid the market cap surge. Despite the mix of reactions that the digital finance world is currently experiencing, today’s total market capitalisation indicates a positive future for the crypto industry.
In its latest funding round, FTX raised an impressive $420 million. This addition values the company at $25 billion. The funding round drew in 69 participants including investors from Sequoia Capital, Ribbit Capital and Temasek Holdings.
Cryptocurrency-linked shares are currently out-performing traditional stocks. Stocks including Coinbase, CME and Hut 8 Mining Corp are leading the way with double-digit gains whilst Bitcoin is on the brink of a new all-time high.
In a statement made earlier today, Cboe Global markets Inc. have announced that the company will be re-entering the crypto world. This comes after an agreement to acquire Eris Digital Holdings LLC was made, amid a growing appetite for the assets.
Finally, bitcoin ETF starts trading. This led to skyrocketing prices of the cryptocurrency, which is almost breaking its all-time high.
The Government in El Salvador is facing scrutiny over its Chiva Bitcoin app and wallet once again. The scrutiny comes after operators temporarily froze price viewing on Chivo to stave off ‘scalpers’ who were using the app for their activities.