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Prominent market tracker CoinGecko has expanded its coverage to include assets on Shibarium, the blockchain network associated with the Shiba Inu ecosystem.
#SHIB2024
#ShibariumBlockchain
#SHIBNEWS
#Crypto
#Cryptonews
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Spot #Bitcoin ETF products hit a record net inflow on Friday despite the correction that ensued following Bitcoin’s ATH. In today’s latest bitcoin price news, Bitcoin has experienced a volatile week, with its price correcting after reaching an all-time high of $99,800 on Nov. 22. The premier crypto asset had aimed for the historic $100,000 price level, surpassing crucial resistance levels to claim $99,800 on Friday. However, the asset recorded a pullback from this level, breaching several support levels to reach the current value of $92,559. This marked a decline of over 7% from the $99,800 all-time high. #CryptoNewsUSA
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The UK’s Financial Conduct Authority (FCA) has announced plans to establish a comprehensive cryptocurrency regulatory framework by 2026. The initiative, aimed at catching up with global leaders in crypto regulation, will begin with consultations and discussion papers on key topics such as market abuse, stablecoins, staking, crypto lending, and trading platforms, starting in late 2024. This strategic move comes as the UK seeks to position itself as a competitive financial hub in the digital asset sector alongside global leaders like Hong Kong, Singapore, the UAE, and the European Union. The EU’s Markets in Crypto Assets (MiCA) regulations, set to take full effect by the end of 2024, have further highlighted the need for the UK to accelerate its efforts to remain globally relevant. The FCA’s regulatory priorities will focus on fiat-pegged stablecoins, staking services, custodial wallets, and related crypto services. The goal is to create a transparent framework that balances investor protection with fostering innovation. This approach is seen as essential for attracting digital asset businesses and maintaining the UK’s competitiveness in the rapidly evolving #crypto industry. #CryptoNewsDaddy
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Morocco Prepares to Regulate #Bitcoin and Crypto After 2017 Ban and Explore CBDC Development. Morocco is taking significant steps toward regulating cryptocurrency use and exploring the introduction of a central bank digital currency (CBDC). Abdellatif Jouahri, the governor of Bank Al-Maghrib (BAM), the country’s central bank, confirmed that a draft law to govern cryptocurrency transactions is now under review and in the process of adoption. Since 2017, Morocco has maintained a ban on Bitcoin and all other cryptocurrencies due to concerns about money laundering, terrorist financing, and other illicit activities. However, underground crypto usage has persisted despite this prohibition, signaling strong public interest in digital assets. The new legislation aims to provide a legal framework for crypto transactions, balancing regulatory oversight with the growing demand for digital finance solutions. #CryptoNews🚀🔥V
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