Many looking to upcoming Ethereum update as Bitcoin continues consolidation

07 Jul 2021

???? BTC | $34,258 (+326, +1.0%)

???? ETH | $2,325 (+111, +5.0%)

???? XRP | $0.67 (+0.001, +1.5%)

???? LTC | $139 (+1, +0.4%)

Funding and withdrawing from Binance accounts in Europe just got a little bit harder, with the exchange suddenly suspending all Single Euro Payments Area (SEPA) deposits. This follows Barclays bank in the UK stopping clients from depositing money into Binance for “their protection”.

On the other hand, regulators may have a limited set of tools to limit crypto trading. Cryptocurrency transfers are estimated to have from from $700M to $2.4B in Nigeria between December 2020 to May 2021, despite specific bans on “persons and/or entities” from conducting crypto transactions over the past few months.

Ethereum’s London hard fork looks set for a 4th August mainnet launch after successful testnet launches so far, raising optimism in the token. No serious opposition has emerged to the proposal so far, a process that typically requires majority approval from the network.