Bitcoin declined from USD7700 to USD7450 in the last 24 hours, largely reflective of a general downturn from all major cryptos.
In more positive news, Binance, the largest global crypto exchange by volume, completed its first acquisition. Binance used a mix of cash, Binance stock and its own crptocurrency – BNB – to acquire the US based mobile wallet company ‘Trust Wallet’. Binance CEO Changpeng ‘CZ’ Zhao, speaking to TechCrunch, said: “The Trust Wallet team shares the same values as us and the products are very complementary… For users who like to withdraw funds into a wallet now we have a product they can use”.
Stay updated here with how the cryptocurrency is tracking:
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