Crypto firms drop British registration bids amid scrutiny

Crypto firms drop British registration bids amid scrutiny

LONDON: A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies. The Financial Conduct Authority (FCA) banned Binance, one of the world’s biggest crypto exchanges, on Friday from conducting any regulated activity in Britain as regulators across the world bolster oversight … Read more

Bitcoin is facing a make-or-break moment, technicals show

Bitcoin is facing a make-or-break moment, technicals show

By Vildana Hajric and Lu Wang Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis. Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection … Read more