In news from the regulatory front, the Securities and Exchange Commission (SEC) is increasing its focus on the digital asset world with the formation of a new Crypto Task Force, headed by Commissioner Hester Peirce.
The task force is set to establish a clearer regulatory framework for crypto assets, with practical registration paths and sensible disclosure frameworks at the forefront of their mission.
Another report tells of bullish sentiment in the market, as crypto analyst Crypto Rover predicts a potential bull flag formation for Bitcoin, projecting a target of $175,000
The South Korean cryptocurrency exchange world is experiencing a contraction, with reports indicating a 26% decrease in the number of active exchanges.
Another important development comes from the world of finance, where U.S. endowments are reportedly increasing their allocation to crypto assets as part of a broader strategy to diversify their investment portfolios.
Klarna plans to accept crypto payments as it aims for a $15 billion IPO valuation.
That’s a big positive news for crypto investors as world seems more optimistic about cryptocurrencies.
Check more crypto updates here at Fintechzoom.com Crypto.
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