Top cryptocurrency news on July 10: Major stories on Bitcoin, Binance and NFTs
1. Market Buzz
Cryptocurrency market is in the green on July 10
The cryptocurrency market is in the green on July 10 (today). The global cryptocurrency market cap is $1.41 trillion, a 4.35 percent increase over the last day. The total crypto market volume over the last 24 hours is $73.83 billion, which makes a 5.15 percent decrease. The volume of all stable coins is now $54.73 billion, which is 74.13 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently $33,879.76 and its dominance is 45.08 percent, a decrease of 0.11 percent over the day. XRP gained the most by 6.63 percent, followed by Uniswap which gained 6.12 percent; while Tether fell the most by -0.02 percent.
2.Big Story
After global crypto crackdown, Binance promises to double international compliance team by 2021 end
Cryptocurrency exchange Binance plans on doubling its compliance team and said it will “humbly welcome more capable talents” as it faces a blizzard of global regulatory probes. Around the world, regulators are worried about criminals using cryptocurrencies as a conduit for money laundering and about investors falling victim to scams in the red-hot sector. Reacting to this, CEO Changpeng Zhao said Binance’s international compliance team and advisory board had grown “by 500 percent since last year” and planned to double by the end of 2021, without giving figures for intended hires.
3. Analysis
After a rough quarter, cryptocurrencies are on the rise again
After losing market favour post a bloody quarter, the market for cryptocurrencies seems to be warming up again. In what can only be described as a ‘bear market’ for the crypto space, the last quarter seemingly brought to halt the euphoria around the alternative currencies, which are currently valued at halved values from their all-time highs.
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