Huobi Obtains FinCEN License, Looks To Open US Exchange – July 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $20,121

Bitcoin price is hovering above the $20,000 level once again, while the market awaits the next major move from the #1 cryptocurrency.

Top-20 altcoins have performed well over the last day of trading, as Ethereum rises 4%, BNB gains 5% and Avalanche surges over 8%.

Top Stories for July 6, 2022 πŸ”₯

πŸ‘‰ Huobi Obtains FinCEN License, Looks To Open US Exchange

Huobi subsidiary HBIT Inc has obtained its Money Services Business license from the US Financial Crimes Enforcement Network (FinCEN), bringing it one step closer to offering services in the US.

The Huobi global exchange faced difficulty following the Chinese crackdown on crypto, with most of its users being based in China. An expansion into the US market may provide the boost needed, however the business would still require a money transmitter license.

πŸ‘‰ Voyager Digital Files For Chapter 11 Bankruptcy

Crypto broker Voyager Digital has filed for Chapter 11 bankruptcy, just a matter of days after freezing activity on its platform – including customer withdrawals.

A court filing and statement from Voyager Digital shows that it has around $1.3 billion in crypto assets, $350 million in cash and $650 million in claims against Three Arrows Capital – which also filed for bankruptcy last week.

πŸ‘‰ Polygon Becomes Latest Chain In The Web3 Smartphone Race

Polygon has become the latest blockchain to be incorporated into Web3-compatible smartphones, as it partners with “Nothing” – a tech startup producing an Android-based Web3 phone.

The Nothing Phone 1 will be natively supporting non-fungible tokens (NFTs). Nothing community investors will also receive NFTs that come with perks such as early access to events and products.