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Ethereum Price hits ATH, ETH/BTC Pair Reach 3-Year High
Ether (ETH) saw a new ATH of $ 2,593 today, after up nearly 10% that day, even if most other cryptocurrencies are still struggling to regain ground after the weekend sell-off. The ether has continued to strengthen despite the market showing bearish signs after Sunday's correction. The second largest cryptocurrency is currently targeting $ 3,000.
source Sticky Situation: Strength Indicator Says Bears Have Taken Over Bitcoin
Bitcoin is back below $ 60,000 and could get into trouble for the first time since early last year.
And while most believe the bull market is not over yet, according to a technical indicator, the short-term trend has been taken over by the bears. Financial Watchdogs To Examine Binance’s Equity Tokens Trade
Financial regulators in Europe have raised concerns aboutthe transparency and legitimacy of Binance's recent token-stock trading. According to the watchdogs, it is unclear whether trading in the exchange's tokens complies with the rules for trading company assets. Regulators are following the recent launch of the crypto financial business milestone to see if Binance complies with the rules for securities trading.
CRYPTO MARKET OVERTAKES WORLD’S MOST VALUABLE COMPANY
The cryptocurrency market today is worth more than the world's most valuable company.
The combined value of all cryptocurrencies overtook Apple's market capitalization on Wednesday morning amid record-breaking price rallies for Bitcoin, Ethereum (Ether) and Dogecoin. Crypto bandwagon: UK mulls ‘Britcoin’ digital currency
The UK authorities are examining the possibility of creating a new digital currency, which CFO Rishi Sunak touted as "Britcoin".
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The Bank of England and the Treasury Department announced Monday that they would work together to evaluate the benefits of a central bank digital currency at a time when cash payments are generally declining, in part due to the coronavirus pandemic.
The bank said the new currency was a new form of digital money for households and businesses and would coexist rather than replace cash and bank deposits.
Digital currencies, which are only available in digital or electronic form, are already being studied or even implemented in several other countries. Many proponents are inspired by the success of Bitcoin and other so-called cryptocurrencies. However, digital currencies such as the one under consideration in the UK differ in one essential sense from Bitcoin as they are issued by government agencies.
"The world is following the path of digital currencies and we have to find a place for it in the mainstream," said Anne Boden, founder and CEO of the app-based Starling Bank.
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