Weekly Newsletter of November 6, 2022

Here are the highlights of the last 24 hours – Edition no. 285

The Top 5 Cryptos Today:

📌Bitcoin (BTC) | $23,540 🔼

📌Ethereum (ETH) | $1,650 🔼

📌Binance Coin (BNB) | $301 🔼
📌XRP (XRP) | $0.379 🔼
📌Cardano (ADA) | $0.356 🔼

💡Crypto Discovery:

📌Stacks (STX) | $1.01 🔼

📈 New attempt to recover buyers. Over the past 24 hours, after the successful defense of the $23,000 support level, the price of BTC has rebounded to reach $24,000 at the high of the day on Binance. The cryptocurrency still needs to manage to confirm the $23,800 level as support before it can continue towards a retest of $25,000. Despite a month that ended higher, February’s close at $23,141, only slightly higher than the month’s open at $23,215, speaks to the total uncertainty that still reigns in the market.

💸 Binance accused of tapping into client funds! The exchange is said to have used $1.8 billion in collateral from its customers for dubious purposes, without notifying them in advance. Binance’s CEO quickly reacted by denying all of Forbes’ accusations.

🇬🇧New French regulations for crypto businesses. France has just taken an important step in the regulation of cryptocurrencies. Will its effect on the industry be beneficial or devastating?

🦅Robinhood monitored by the SEC. According to the latest news, Robinhood has been in the sights of the American regulator for several months already.

🇺🇸Joe Biden is pushing for the creation of a CBDC. The CBDC project is not unanimous in the country. Despite these protests, the Biden administration intends to see it through.

💳Mastercard and Visa would reduce their crypto investments. According to Reuters, the two companies would like to take a step back from cryptocurrencies.

Have a nice day and see you soon for more crypto news!

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