"Many meme coins will be forgotten by investors in the upcoming months and lost from circulation. The lost interest and no-care attitude towards these coins will be their doom." - @benjamincowenblockmanity.com/news/meme-co…
One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB.
Today, the bank was closed by California regulators, making it the 2nd largest banking failure in US history.
The Huobi platform token HT suddenly dropped from $4.6 to $0.31, a drop of more than 93% within 10 minutes, and the current price has recovered to $3.87. Justin Sun said that because some users triggered a series of leveraged liquidation, it is a normal market behavior and fluctuation.
All crypto businesses in the country would come under ambit of PMLA
This is a good step towards regulating the crypto industry in India
This also ensures all crypto businesses must perform necessary KYC, transaction monitoring etc as part of their process.
Good progress ✌️