The Financial Conduct Authority (FCA), the UK’s top financial regulator, has said it will forge further links to cryptocurrency with its US counterpart so that the rules provide security.
Speaking at the Institute for International Economics, Nikhil Rathi, CEO of FCA, said, “In the past, innovative companies would have asked for less regulation. Now they understand and appreciate that rules are there to provide security. An area of global focus “The US and the UK will deepen ties on cryptocurrency regulation and market development – including in relation to stack coins and the exploration of central banks’ digital currencies,” Bitcoin.news reported.
In other news, Binance (BNB) trusts the engineering talent of the emerging Web 3.0 community in India and hopes to include some promising blockchain technology companies in its incubator program, which is now in its fifth season. Ken Li, chief investment officer at Binance Labs, said they are actively monitoring India’s local market environment to identify the best approach, NDTVGadgets360 reported.
“We focus on the fundamentals and long-term perspective of selecting projects that will have a direct impact on the blockchain industry. Web 3.0 start-ups in India have great potential to grow,” Li added.
Find out more about how #Binance Labs Incubation Program gives innovative projects the opportunity to shape the future of Web3, and apply for the new season here tthttps: //t.co/rfxpI3dcmM
The application window closes on July 31, 2022!
– Binance Labs Fund (@BinanceLabs) July 7, 2022
Cryptocurrency prices
The global crypto market value rose by 1.58 percent to $ 978.65 billion at 8.50. However, global cryptocurrency volume fell 2.94 percent to $ 60.49 billion, according to Coinmarketcap data.
Bitcoin (BTC), the world’s oldest cryptocurrency, was traded at $ 21,310.03, up 0.65 percent in the last 24 hours. Ethereum (ETH) rose 5.03 percent to $ 1,409.43.
Among other significant coins, Cardano (ADA) traded up 2.12 percent to $ 0.4605, Algorand (ALGO) traded at a gain of 3.55 percent to $ 0.3485, Solana (SOL) traded at a gain of 3.07 percent to $ 40.54, Polkadot (DOT) was up 1.52 percent to $ 7.20, and Binance Coin (BNB) was up 2.42 percent to $ 254.35.
Today’s biggest gain was the Ethereum Classic (ETC), which was up 24.27 percent to $ 21.50. The biggest loser was UNUS SED LEO (LEO), which fell 5.99 percent to $ 5.23.
Meme coin and defi prices
Dogecoin (DOGE) was up 1.02 percent to $ 0.06476. Its volume to market value ratio is 0.03019. Rival Shiba Inu (SHIB) was up 1.11 percent to $ 0.00001107.
Dogelon Mars (ELON) gained 0.48 percent to trade at $ 0.0000003229, Floki Inu (FLOKI) rose 1.64 percent to $ 0.000006742, and Samoyed Coin (SAMO) lost 0.42 percent at $ 0.01019.
In the DeFi segment, YFI (yearn.finance) was up 0.51 percent to $ 6,295.56, and Terra Classic (LUNC) traded at a gain of 0.44 percent to $ 0.0001033. Avalanche (AVAX) was up 4.11 percent to $ 21.84, Aave (AAVE) was up 0.4 percent to $ 92.29, and Uniswap (UNI) was trading at a loss of 0.72 percent to $ 7.19. dollars.
