Bitcoin and Ethereum Lead in $130M Crypto Liquidation in Single Day
Amidst the recent market downturn, which resulted in over $130 million being liquidated, the crypto market’s current market capitalization is approximately $2.26 trillion.
The biggest Chinese exchange Huobi brings margin trading and interest-bearing accounts with its new internationally focused platform BitVC and Yubibao brand.
Amidst the recent market downturn, which resulted in over $130 million being liquidated, the crypto market’s current market capitalization is approximately $2.26 trillion.
While KuCoin has already paid a fine of $41K and resumed operations in India, Binance is yet to complete compliance proceedings.
Apart from Malta, OKX has encountered regulatory troubles in other countries. The exchange is facing regulatory hurdles in India and has asked users to stop trading margins, perpetuals, and futures options.
Hong Kong’s crypto licensing regime began in June 2023 to set the tone for the way exchanges would offer retail trading services.
The emergence of OnlyFake poses significant concerns for the crypto ecosystem, particularly in combating fraudulent activities.
The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services.
Huobi Korea has given its customers until January 29, 2024 to withdraw their funds from the exchange but promised the process will continue until full withdrawal of funds.
Bitcoin and Ethereum have reactred with a price fall to the newly published Matrixport report on possible spot Bitcoin ETF approval.
It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023.
Presently, India is working on a crypto regulatory framework that is scheduled to take effect in 2024. The framework is based on a joint recommendation of both the International Monetary Fund and the Financial Stability Board.