Crypto Recap Feb 10: US Opens Attack on Crypto, Coinbase Shares Fall

In this video, Axel discusses the latest developments in the cryptocurrency market. It does this using reporting and technical analysis. This way you will be up to date with the latest major crypto-related events within minutes. It’s time to take a look at the latest news.

In the video above, Axel informs you within a few minutes about all kinds of news and developments in the cryptocurrency market. This time Axel will talk about Coinbase. The share of this market has fallen dramatically in recent days. This seems to be related to the US attack on cryptocurrencies.

Cryptocurrency prices are mostly negative these days and this appears to be the result of actions by various US government agencies.

US launches attack on crypto

Last night it was announced that cryptocurrency exchange Kraken has been fined $30 million. The exchange is also no longer allowed to offer U.S. Securities and Exchange Commission staking services.

Furthermore, the New York Treasury Department (NYDFS) has reportedly launched an investigation into the stablecoin company Paxos. This is the company behind Binance’s stablecoin: Binance USD (BUSD).

There are also rumors that the Office of the Comptroller of the Currency (OCC) has asked Paxos to withdraw its national trust bank application.

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