The worldwide crypto market valuation is now $1.62 trillion, up 0.11 percent from the previous day. The overall crypto market volume over the last 24 hours has decreased by 1.81 percent to $85.28 billion dollars. Despite not being structurally distinct from their country's fiat currencies, central bank digital currencies will complement rather than compete with cryptocurrencies, according to analysts and fund managers.
Top global cryptocurrency news on June 17:
The Financial Conduct Authority (FCA) released the results of a consumer poll on Thursday, revealing that 2.3 million adults in the United Kingdom now own crypto assets, up from 1.9 million last year. In addition to the growing number of crypto investors, the study found an increase in ownership levels, with median holdings rising to 300 British pounds ($420) in 2020 from 260 pounds ($370) in 2020.
According to the Chinese financial journal Sina Finance, Futu Securities, one of Asia's largest trading brokerages, has discontinued support for crypto futures contracts and trading services due to regulatory constraints.
United States of America
The Securities and Exchange Commission (SEC) of the United States keeps kicking the bitcoin ETF can down the road.
The regulator postponed a decision on the VanEck Bitcoin Trust again in a Wednesday filing.
The heightened regulatory scrutiny that has recently befallen South Korea's cryptocurrency ecosystem appears to have expanded to exchange tokens.
Exchange tokens are tokens that are issued by a cryptocurrency exchange and usually provide some benefit to the holder, such as lower trading fees, periodical token burns, or other methods.
Jesse Powell, the CEO of Kraken, has stated that the cryptocurrency exchange could go public before the end of 2022.
In an interview with Bloomberg TV, Powell stated that the move would be a natural evolution for the company in its objective to "bring crypto to the world."
Iron Titanium token (TITAN)
The share token of a once multibillion-dollar decentralised finance (DeFi) network, Iron Titanium token (TITAN), has dropped to virtually zero.
The coin was last spotted trading at around $0.000000035, down from a high of $65 on Wednesday. The initiative has been driven to its knees by the fast fallout.
On the Tezos blockchain, McLaren Racing wants to develop a non-fungible token (NFT) platform.
According to an emailed release sent on Thursday, the platform will have NFTs depicting McLaren Racing's history and heritage, as well as legendary drivers.
Top 10 cryptocurrency prices on June 17, 2021
Bitcoin- US$38,778, down by 0.45%
Ethereum- US$2,398, down by 1.98%
Tether- US$1, up by 0.02%
Binance Coin- US$356, up by 1.09%
Cardano- US$1.50, down by 0.68%
Dogecoin- US$0.3085, down by 0.45%
XRP- US$0.84, up by 0.94%
USD Coin- US$1, down by 0.01%)
Polkadot- US$23.63 (down by 0.01%)
Uniswap- US22.60 (down by 6.68)