The Magazine for Asian Investors
The bitcoin price rose 0.59% today (August 19) to $23,210.44.
Bitcoin’s uptick this morning came after the Dow Jones Industrial Average rose in a narrow 18-point range on Thursday (Aug. 18), as upbeat revenue forecasts from Cisco Systems supported the technology sector. Meanwhile, U.S. economic data remains strong.
- The Dow Jones Industrial Average rose 18.72 points, or 0.06%, to close at 33,999.04.
- The S&P 500 rose 9.70 points, or 0.23%, to close at 4,283.74.
- The Nasdaq rose 27.22 points, or 0.21%, at 12,965.34 points.
Crypto.com, a Singapore-based cryptocurrency trading platform, announced that the company has been registered with the UK Financial Conduct Authority (FCA). This allows the company to service and offer crypto-asset products in the UK under anti-money laundering and terrorist financing laws.
“The UK is a strategically important market for us,” said Crypto.com Chief Executive Officer.
Crypto.com was registered in South Korea last week and in Italy in July. The company has more than 50 million customers worldwide.
The FCA was previously criticized by the crypto industry after it rejected registration applications from several crypto companies.
There are no regulatory measures for cryptocurrencies in the UK and no compensation has been paid to people who have lost their digital assets.
According to CoinGeck, global crypto market capitalization has fallen by more than $1 trillion this year after major central banks agreed to raise the benchmark interest rate. This led investors to reduce their holdings of risky assets, including cryptocurrencies.
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Friday, August 19, 2022