regulatory risks
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US lawmakers seeking information on action against digital asset companies
On April 27th, it was reported that three Republican members of the Financial Services Committee of the United States House of Representatives have written to the heads of banking
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Bittrex to Close its US Platform: What Does This Mean for Cryptocurrency Traders?
According to reports, Bittrex, the cryptocurrency exchange, announced on Friday that after nine years of operation, it will close its US platform on April 30. The company stated th
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Binance.US Achieves Record High Weekly Trading Volume: What Does This Mean for the Crypto Industry?
According to reports, CZ, the CEO of Binance, a crypto trading platform, said that the weekly trading volume of Binance. US (excluding Binance) reached a record high of 41% of Coin
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JPMorgan Chase lowered its share price forecast of Coinbase to $52 due to regulatory risk
It is reported that a report released by JPMorgan Chase on Friday showed that JPMorgan Chase analysts lowered the price expectation of Coinbase (COIN) stock at the end of the year from $60 to $52. JPMorgan Chase pointed out that the company’s digit-centric businesses (including pledge, USDC stable currency and custody) faced continuous regulatory risks, which was the main reason for the change in the outlook. The analyst wrote: “Although we continue to agree with the consensus that deliberate rules and regulations are necessary to improve people’s confidence in the…