Let’s check out the most important news and trends on the crypto market in June.
zondacrypto Team
6 julio 2023
24 agosto 2023
Let’s check out the most important news and trends on the crypto market in June.
The SEC Cracks Down on Non-regulated Cryptocurrency Services
June has been quite turbulent for non-regulated cryptocurrency exchanges. The US Securities and Exchange Commission (SEC) has cracked down on Binance, with a focus on its US subsidiary, Binance.US.
The SEC charged Binance with operating an unlicensed exchange services, broker-dealers, and clearing agencies. The platform was also charged for providing trading services to US customers involving unregistered securities. Additionally, the SEC states that Binance was misusing the funds of its clients. As a result, Binance failed to obtain an operating license in the Netherlands, and faces a court investigation in France.
These charges are yet to reach a legal epilogue since the case is in its early stages, but they have caused considerable turbulence in the crypto market and showed what can happen with trading platforms that provide non-regulated services.
Major Investment Companies Are Filing Bitcoin ETFs - What Does This Mean for the Crypto Market?
A string of major investment firms are planning to join the crypto market by introducing Bitcoin exchange-traded funds (ETFs). BlackRock, Fidelity, Ark Invest, and multiple additional investment giants have filed BTC ETF requests with the US SEC.
For years, the SEC has refused to approve a BTC ETF service, but it seems that the tides are changing, and these applications might get regulatory approval. In layman’s terms, this means that investment funds with hundreds of billions of EUR worth of assets will be joining the crypto market and offering their clients' exposure to Bitcoin through ETF services.
The news of these ETF applications had a strong impact on the crypto market during the last few weeks and boosted the price of Bitcoin over 30,000 USD.
Central Bank Digital Currencies Are Gaining Popularity
The idea behind central bank digital currencies (CBDCs) is to create government-backed cryptocurrencies which mimic the price of the official fiat currency of a particular country.
The idea is becoming increasing popular, and a recent study conducted in June shows that 130 countries are exploring the possibilities of introducing a CBDC. The US, India, Brazil, and the European Union are just some of the major jurisdictions exploring that.
The European Central Bank already announced plans to introduce a pilot CBDC program ahead of a possible launch of the digital Euro in 2028.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Today, we would like to talk about blockchain operations from the side of the protocols. Their collaboration aims to come as close as possible to solving the blockchain trilemma. Find out how this interconnected system works!
Finanza Digitale: Cryptocurrency platform zondacrypto selects Giorgio Chiellini as brand ambassador
Italian Digital Finance describes zondacrypto as a well-known online cryptocurrency trading platform that has become a sponsor of Juventus and the Giro d'Italia, with Giorgio Chiellini as its ambassador.
Sport marketing: Our partnership with Juventus and Raków is just the beginning
In an interview with Sport Marketing, we talk about how zondacrypto brings the worlds of sport and finance together. We also reveal what our growth plans are for the coming year.
Telewizja Biznesowa: What will the cryptocurrency law change?
We encourage you to watch and listen to a discussion about the new cryptocurrency law in Poland, during which our CEO, Przemysław Kral, provides insight into the current market situation.
Sport marketing: Polish company will be visible in the Champions League
The partnership with Juventus football club has been a success for zondacrypto, a cryptocurrency exchange licensed in Italy. The Italian market has become the second most important market in Europe for the company. zondacrypto plans to invest further in sports sponsorship, including women's sports.
wprost biznes: Cooperation of leaders from different industries
The cryptocurrency exchange zondacrypto has partnered with the Giro d'Italia to promote its services and educate about cryptocurrencies. The company plans further activities in the sport and as well as developing its products, including releasing a new mobile app.
wprost: In the special feature on the Giro d'Italia, an interview with the race partner – zondacrypto
In a special feature in the 'wprost' newspaper, we share our heartfelt commitment to cycling and the exhilarating atmosphere of cheering at the Giro d'Italia. zondacrypto's CEO Przemyslaw Kral talks about the merging of the worlds of sport and cycling and a special competition for race fans.
wprost sport: A collaboration at the crossroads of finance and football. zondacrypto and Juventus FC
We are investing in the sports market. Our new partnership with Juventus FC marks a significant milestone in the global growth of our exchange. For more details, see the ‘wprost sport’ interview with Przemysław Kral, CEO of the company.
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