What’s behind Bitcoin’s sudden plunge to $40,000? ~ CEOM Coin

CryptoSlate Newsletter

Hello everyone!

The global crypto market cap is $1.82 trillion with a 24-hour volume of $83.62 billion. The price of Bitcoin is $40,214.62 and the BTC dominance is at 41.9%.

What's behind Bitcoin's sudden plunge to $40,000?

Thursday saw a renewed decline for Bitcoin as the leading cryptocurrency plunged to $40,090.

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Kylin's Network canary parachain Pichiu is gearing up to secure its slot on Kusama

Just like Kylin Network is poised to bring a cross-chain platform that would power the data economy on Polkadot, it's canary parachain, Pichiu, would do the same, only sooner–on Kusama.

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The U.S. already have a CBDC, just skip the "CB"

Few product announcements have stirred such activities among governments around the world as the then Facebook's, now Meta's, announcement of the then Libra, now the dead Diem, announcement.

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Alliance of 18 crypto firms rolls out the industry standard for Travel Rule compliance

Coinbase, along with 17 other crypto firms, recently launched a 'Travel Rule Universal Solution Technology' (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.

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Europe's largest asset manager Amundi to invest in NFTs

France-based Amundi is considering entering the NFT market and offering its clients the ability to invest in them, according to a yet-to-published report seen by Financial News.

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Are most Americans aware of the risks involved with crypto?

As the public interest surrounding crypto continues to grow, people are becoming increasingly aware of the risks involved with using this new technology, a recent NordVPN survey found.

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Algorand is getting a bridge to Ethereum

The Algorand Foundation has awarded Applied Blockchain a grant to develop the London Bridge, a trustless bridge that will connect Algorand with Ethereum.

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