Bitcoin (BTC) price shows reduced market dominance, leaving investors wary about touching altcoins. Consequently, Ethereum (ETH) price, just like Ripple (XRP), continues to bleed as investors exercise caution. Accordingly, if BTC weakens further, altcoins could suffer the aftermath, possibly worsening the current bleed.
Hong Kong’s securities regulator, the Hong Kong Securities Commission, has warned cryptocurrency exchanges that are operational within China’s Special Administrative Region (SAR) that derivatives and earning services are not allowed.
PayPal, a Silicon Valley-based payments firm, has announced its launch of a US Dollar-pegged stablecoin. The payment giant has partnered with Paxos and the new stablecoin will be gradually rolled out in the US.
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