Cryptocurrency prices continued their recent uptrend as the markets opened on Tuesday. The majority of the top 10 cryptocurrencies are all in the green following the news that South Korean authorities will be taking a more flexible approach to digital asset regulations. After reaching a peak close to $8,000 last week, the price of bitcoin has ticked upwards today by 2.3%, hitting a high of $8,200. Ethereum has gained 6.6%, although the cryptocurrency is starting to struggle to regain the ground lost to bitcoin over the past four weeks.
The beginning of the week brought some clear signals on the policymaking front in the rapidly growing market of cryptocurrencies. Japan and South Korea have started to clarify their position on whether to ban the circulation of virtual currency. China has also begun to clarify its position on the matter. The UK has also clarified its position on the matter.
After a slight downturn in the beginning of the week, Bitcoin and Ethereum prices have recovered. Bitcoin is currently trading at $6,901, up almost $100 in the past 24 hours. Ethereum is currently trading at $520, up about $20.Bitcoin and Ethereum start the week strong as countries clarify their stance on cryptocurrency regulation Earn up to 12% annual returns on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins, etc. Beginning of importance Rand ‘ Bitcoin – Ethereum ‘ Rand US President Joe Biden has proposed regulation of cryptocurrencies in the recently announced 2022 budget. Rohan Jethi – 1. June 2021 at 8:23 UTC – 2 min read Cryptocurrency markets started the week in the green, thanks to generally positive developments from China, India and the United States, with all three countries clarifying their recent comments and circulars to allay fears of an impending ban on cryptocurrencies. In the United States, the new budget unveiled by President Joe Biden included two proposals for cryptocurrency markets to combat tax evasion occurring through cryptocurrencies. To read the rest of the article, log in or go to Edge.
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As an independent organization in the blockchain industry, we are guided by strict editorial policies that emphasize objectivity and transparency in our reporting.If there is one thing that most of the major cryptocurrencies are all about, it’s decentralizing the power to create money. That’s why the debate about how to regulate them has been raging for quite some time. Bitcoin and Ethereum are the two largest cryptocurrencies by market cap, and here in Japan, we’re just three weeks from deciding how to interpret our law to properly govern Bitcoin and Ethereum-based businesses.. Read more about how high could ethereum go and let us know what you think.
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