Bitcoin and Ethereum bounce for second day as FTX fallout continues By Proactive Investors
Cryptocurrency 1 hour ago (Nov 24, 2022 09:11)
© Shutterstock Bitcoin and Ethereum bounce for second day as FTX fallout continues
Bitcoin rose 0.33% to US$16,630, climbing marginally over the last 24 hours, reaching its highest point this week.
Ethereum, on the other hand, jumped 3.35% to US$1,205, also recording its highest value since Monday.
Russian lawmakers are reportedly working on launching their own national cryptocurrency exchange.
According to Cointelegraph, the effort is supported by both the Russian Ministry of Finance and the Central Bank of Russia, which have long disagreed over crypto regulation.
Local media in Russia said the lower chamber of the Russian parliament has been discussing how to amend current legislation with stakeholders.
Any changes would lay down the legal framework for the formation of a national cryptocurrency exchange.
In turn, this could pave the way for other nations to follow suit, or at least provide heavier regulation, following the collapse of FTX.
Bitcoin and Ethereum bounce for second day as FTX fallout continues
(Reuters) – Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported…
Benzinga – In response to the FTX collapse, Binance CEO Changpeng Zhao “CZ” said they are allocating $1 billion in ‘recovery funds’ for six months to help…
Benzinga – Dash (CRYPTO: DASH) surged over 15.64% on Wednesday, topping CoinMarketCap’s gainers of the day.
What Happened: At the time of writing, DASH was trading at $43.11,…
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