Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,48 trillion. Bitcoin increased by nearly 5% to reach around $40,000. Ethereum is up by almost 4% to cement its price above $2,100. XRP lost almost 1% in value this week. Almost all altcoins are trading in the green, with some exceptions. The DeFi sector increased the total value of protocols (TVL) to around…
Austrian Regulators
Rising Crypto Fraud Pushes Austrian Regulators To Demand For Stricter Regulations
The Austrian Financial Market Authority (FMA), an independent and autonomous body responsible for the country's financial services industry's supervision and regulation, has recently noticed an increase in the number of crypto-related frauds in the country. Crypto Scams Surges According to a recent Bloomberg report, the financial regulator stated that the number of whistle-blower reports regarding fraudulent activities in 2020 had skyrocketed. While some of these reports also involved traditional investment assets like stocks and gold, the FMA noted that most…
3 years ago 884 views