Vladimir Putin says cryptocurrencies come with risk
Vladimir Putin, the President of Russia, said that cryptocurrencies bear high risks and the nation needs a better regulatory framework. The regulation is weak in Russia now, with no laws surrounding crypto mining.
Coinbase will establish presence in Israel
Coinbase will purchase Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. “We’ve long recognized Israel as a hotbed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields,” said Coinbase.
Shiba Inu gains over 30% in just 2 days
With Kraken announcing SHIB listing, the price of the crypto has moved up by 30%. SHIB’s price broke above the flag’s upper trendline, accompanied by a rise in intraday trading volumes.
Crypto named after SpaceX’s Starlink satellites gain over 140% in 3 days
The supersonic price rally in the StarLink crypto market appeared as SpaceX launched 53 Starlink orbit satellites into space on Saturday. The name alone acted as a common denominator between StarLink the crypto and Starlink the SpaceX satellite wing. As a result, it appeared that traders merely pumped the crypto through coordinated efforts while attempting to cash in on SpaceX’s satellite launch event.
Fidelity launches ETF in Canada
Fidelity Investments, one of the largest asset managers, is set to launch crypto ETF in Canada. The company is not waiting for US Securities and Exchange Commission to take a decision.