Nasdaq Looks To Launch Crypto Custody Service Mid-Year – March 24

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$27,881

Bitcoin price is sitting below the $28,000 mark to begin Friday, as price appears to have met some resistance around recent highs.

Top-20 altcoins have mostly fallen over the last 24 hours, as Ether drops 4%, BNB falls 3% and XRP corrects 6%.

Top Stories for March 24, 2022 🔥

👉 Nasdaq Looks To Launch Crypto Custody Service Mid-Year

Nasdaq plans to launch its crypto custody services by the end of Q2 2023, pending regulatory approval from the New York Department of Financial Services (NYDFS).

This move is in response to the increasing demand from institutional crypto investors and aims to fill the gap left by the multiple crypto firms that have recently shut down.

Nasdaq’s venture into crypto custody may be a powerful signal for mainstream adoption of the digital asset class.

👉 Coinbase CEO Says SEC Actions May Put The US Behind Other Countries

Coinbase CEO Brian Armstrong has warned that the US risks falling behind other countries in the financial systems race if clear guidelines for crypto usage are not produced.

Armstrong says the US is currently lagging behind other countries like the UK, Brazil and Singapore in legislation and banking rails, adding that recent actions by the Securities and Exchange Commission (SEC) are putting US financial leadership at risk.

He also stated that Coinbase is willing to go to court to develop case law for the industry, saying that regulatory enforcement like that of the SEC is not the way to regulate the crypto industry.

👉 zkSync Era Launches First zkEVM On Ethereum

Several major decentralized finance (DeFi) platforms, including Uniswap, Sushi, Maker, and Curve, are set to launch on the zero-knowledge proof roll-up zkSync Era, which has opened to users in alpha after four years of development.

The platform, which is the first Ethereum Virtual Machine-compatible zk-Rollup to launch on mainnet, aims to provide faster and cheaper transactions. Up to 50 established projects are expected to go live on the network, which is capable of offering scaling “orders of magnitude” greater than Ethereum’s current capacity.