What’s Happening In Crypto: New Lawsuits, But Coin Prices Remain Firm

This week, regulators once again took aim at the crypto industry with fresh lawsuits 👨‍⚖️. But, unlike in the past, coin prices barely shook, and investors remain confident in the market. 

What’s up with the regulators again? 🤔Find out everything you need to know below: 

The SEC’s Actions Aren’t Affecting Prices 😤

So this week, the U.S. Securities and Exchange Commission (SEC) decided to press charges against several large crypto companies 😮‍💨. 

The news immediately sent a huge wave to the market that affected prices 📉. But, the drop only lasted a few days, and coin prices are starting to rebound. Great to see that investors are ignoring the FUD! 💪

NOTE: Our Quidax Global Community Telegram group is still popping. It’s the perfect opportunity for you to join our community of traders, crypto newbies, and the coolest guys in the industry. 

We’d love for every Quidaxian to be in the group, so please join in here

Nike NFTs Are Coming To Video Games 🎮

The NFT market is coming back alive, people! And this week, Nike announced that it would be adding its NFTs to video games 👏. 

This basically means that things like NFT boots and sneakers could soon be available in games like FIFA, Madden NFL, and NBA 2K 🏀. If you’re a sports and NFT fan, this is absolutely cool! 

Crypto Ownership In The UK Is On The Rise 🚀

In even more awesome adoption news, regulators in the United Kingdom revealed this week that crypto ownership within the region has more than doubled in the past year! 🤩

Considering that more people are using crypto, regulators are taking the subject of developing crypto laws seriously 👀. Fingers crossed, everyone – let’s see what they’re cooking 🤞.

Hackers, Is That You? 🙈

We reported last week that crypto hacks had dropped in the past year. But, while everyone celebrated, we got news that a popular wallet service got hacked to the tune of $35 million 😫. 

No one knows who’s behind the hack yet, but investigations are ongoing. Remember – Quidax will always take your security seriously 🔐; but, you’ve got to be vigilant as well. 

Disclaimer: All content in this article is general information and is not the opinion or perspective of any particular individual or entity. Nothing in the article is professional and/or financial advice. Evaluate all information properly before making decisions.


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