The United States releases new crypto bill
The United States House Financial Services Committee has released the third draft of a stablecoin bill for crypto regulation.
In aggregate since yesterday, the “fab five” — Litecoin, Bitcoin Bitcoin Cash, Ethereum, and Ripple — were down -1.38%. Leading the way was Litecoin, whose price is now around $74.51 USD, which yielded holders a return of -1.12% from the day prior. In terms of the worst performer, that would be Bitcoin, which reported a day-over-day return of -1.85% — a move that puts its price around $9988.38 USD. Out of the five coins observed here, none cryptocurrencies were up — which indicates a wave of bearishness befell the sector as a whole.
Bitcoin had an especially unusual move, in the sense that the move was much larger than its normal daily trading range. What caused this move might be worthy of further investigation. Technical traders may also wish to note the following developments in price action:
Ripple recorded 1,002,281 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 68% over Ethereum, which had the second-most transactions recorded on its chain. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. Litecoin was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $33,032,814 US dollars.
The United States House Financial Services Committee has released the third draft of a stablecoin bill for crypto regulation.
The European Commission aims to use blockchain technology to streamline the cross-border verification process for credentials.
The United States Securities and Exchange Commission files a lawsuit against leading crypto exchange Binance.
After four months of declining figures, the number of Bitcoin ATMs across the world increased significantly in May.