Crypto Daily Report – July 16
Jul 16, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Analysis from FSInsightJuly 16, 2021Bitcoin and Ethereum are flat over the prior 24 hours as they trade at $31,800 and $1,900, respectively, at the time of writing. We continue to observe low trading volumes coupled with net outflows from exchanges.Following the announcement of Square's open-sourced Bitcoin hardware wallet earlier this week, Jack Dorsey stated on Thursday that the payments giant is working on "an open developer platform" focused on bitcoin-linked financial services. Dorsey has long advocated for BTC to become the native internet currency and, although he serves as CEO of two large tech companies, he has gone on record saying that "I don't think there is anything more important in my lifetime to work on," as it relates to Bitcoin development.This morning, Binance announced that it is ceasing the trading of stock tokens on its platform. This news preempted the Hong Kong Securities and Futures Commission's (SFC's) warning that stated Binance is unlicensed and therefore not permitted to conduct "regulated activity" in the city