regulatory pressure
-
What Causes the Sharp Decline in Bitcoin (Reasons for Bitcoin Crash)
What causes the sharp decline in Bitcoin? Why is this happening and what impact
-
The Rise of Decentralized Cryptocurrency Exchanges
According to the latest report by CoinGecko, the spot trading volume of the top 10 cryptocurrency exchanges in the first quarter of 2023 recorded $2.8 trillion, an increase of over
-
JPMorgan Chase: The collapse of Silvergate and the closure of SEN network bring challenges to the encryption industry
It is reported that JPMorgan said in a research report on Thursday that the collapse of the encryption bank Silvergate and the closure of the Silvergate Exchange Network (SEN) posed a challenge to the encryption industry. JPMorgan Chase said that in view of the current background and “after the collapse of FTX, traditional banks are generally reluctant to cooperate with cryptocurrency companies and are facing huge regulatory pressure”, it would be challenging to replace the SEN that handles dollar deposits and withdrawals between cryptocurrency market participants. Interpretation of this information:…