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      Crypto Market Weekly Highlights – BTC dropped to $29k - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      May 24, 2022

      4:46 PM UTC

      Crypto Market Weekly Highlights – BTC dropped to $29k - Stocks Telegraph
      • Bitcoin (BTC) has dropped to the price of $29k from $31k in the past day. We have seen a drop of almost 1% in the movement at the time of writing.
      • Ethereum (ETH) is following the movement of Bitcoin (BTC) and we have seen it touch the mark of $1900 in the past day.
      • Gate Ventures, the funding arm of the crypto stage, reported it is taking part in a USD 27m A supporting round for crypto stage Oasis Pro. This funding will be utilized to fuel Oasis Pro’s development by building the senior supervisory group, growing business advancement, and adding integral blockchain innovations.
      • The Australian Commonwealth Bank has stopped the launch of crypto assets exchanging through its application in the midst of strife and vulnerability on the lookout.
      • Multi-chain DeFi convention iZUMi declared the launch of their new decentralized trading platform (DEX) iZiSwap on Binance Smart Chain (BSC), with insight about a USD 30m speculation raised expecting to extend its environment.
      • Panama’s President Laurentino Cortizo said he will not sign a regulation controlling the utilization of crypto until it contains anti-money laundering and tax evasion controls.
      • The US declared the appointment of Krishna Juvvadi as Vice President, Head of Legal. Before joining the trading exchange, Juvvadi filled in as Global Head of Operations Compliance at ride-sharing application Uber Technologies Inc.
      • The US Commodity Futures Trading Commission (CFTC) charged Sam Ikkurty and Ravishankar Avadhanam, as well as Ikkurty’s organization Jafia LLC, with deceitfully requesting essentially USD 44m for cooperation interests in a purported “income fund” put resources into digital currency and different instruments.

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