Bitcoin Jumps to 3-Week High Near 8.600 USD, UK Forcing AML Regulations on Crypto Exchanges and Altcoins Are on the Run
Here is your daily overview of important, interesting and market moving crypto news.
Bitcoin jumps to 3-week high near 8.600 USD
Bitcoin jumped 5.1 percent on Wednesday to the highest price in three weeks, after the Federal Reserve said it would print money to expand the size of bank reserves.
The top cryptocurrency surged to 8.587 USD on Wednesday and is currently trading around 8.550 USD.
UK forcing AML regulations on cryptocurrency exchanges
The UK’s Financial Conduct Authority is cracking down on cryptocurrency exchanges, ATMs, and open-source projects like wallet providers.
These services will have to comply with anti-money laundering regulations by 2020, imposing banking-style controls over crypto in the nation.
Altcoins including TRON, Cardano and Chainlink are on the run
Some of the top altcoins by market capitalization — including TRON, Cardano, and Chainlink — began surging over the last few hours.
As they absorb a bigger share of the market it could mark the beginning of a new altseason.
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