Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was XRP, rising 49.29%.
Nasdaq is making its first major push into crypto, reports Bloomberg, as the second-largest stock exchange prepares to capitalize on increasing appetite for digital currencies among big-money investors. A new group dedicated to digital assets will initially offer custody services for Bitcoin and Ether to institutional investors. As a custodian of digital assets, Nasdaq would be competing with crypto firms such as Coinbase, Anchorage Digital and Bitgo, the article continues.
A crypto industry lobby wants the judge in a high-profile digital assets case to consider Congressional efforts to establish a new legal framework for the nascent industry before moving ahead, reports Bloomberg. The chamber of Digital Commerce, a crypto advocacy organization, filed an amicus brief Wednesday in the SEC lawsuit against Ripple Labs.
Weaknesses
Of the cryptocurrencies tracked by...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...