Fundamental analysis and financial markets. Bitcoin, Litecoin, Ripple News and Talking Points – Increased regulatory fears in the US and Japan weigh on cryptocurrency prices.

– Cryptocurrency exchange Binance reports irregular trading activity. To see how traders are positioned in cryptocurrencies and other financial markets, check out the IG Client Sentimentpage.

The US Securities Exchange Commission (SEC) announced yesterday that cryptocurrency exchanges will need to register with the agency, causing the price of Bitcoin (BTC) to fall sharply. The US regulatory agency said in a statement that if a digital trading platform operates as an exchange, “then the platform must register with the SEC as a national securities exchange or be exempt from registration.” The SEC added that, “many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not.

Many platforms refer to themselves as “exchanges,” which can give the misimpression to investors that they are regulated or meet the regulatory standards of a national securities exchange.” In Asia, The Japanese Financial Services Agency (FSA) suspended two domestic cryptocurrency exchanges for a month and warned a total of seven exchanges that they must detail improved security measures by March 22. The clampdown follows the theft of around $500 million NEM tokens from Japanese exchange Coincheck on January 26.

One of the world’s largest exchanges, Binance, revealed Wednesday that the company had been the target of a large scale phishing attack – an attempt to obtain sensitive user information –and an attempted stealing incident. The exchange said that the hackers created API keys and placed a large number of buy/sell orders on the VIA/BTC market before attempting to remove funds. Read more from…

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