In our latest daily crypto news, we are covering the latest ups and downs on the market, as well as diving deeper to see what’s the latest news around crypto regulation. So, wondering what were the main headlines in the crypto world yesterday?
To begin with, our reporter is first showcasing the current risk of manipulation that many crypto exchanges are overseeing, according to a new report issued by the New York Attorney General. This is a quite important issue over the past weeks or so, especially because it is issued by a big authority linked with the crypto world.
Speaking of, the Attorney General’s office has specifically launched an investigation for three of the most popular exchanges – Binance, Kraken and Gate.io – all of which according to the office, are seen violating the rules.
Meanwhile, the Finance Minister of Germany, Olaf Shulz, recently claimed that cryptocurrencies don’t have a perspective to replace the existing currencies, making a comparison and referring to a bubble present in Netherlands in the 17th century.
To sum it up, our reporter is also mentioning the recent statement by the CEO of ShapeShift, who claims that Bitcoin’s drop is beneficial in building a solid market foundation. In other words, he thinks that the big institutions entering the market are all signs that the future of crypto looks bright.
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