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Bitcoin's Price Falls About $3,000 In One Day
Summary: According to Bitpush's data, the price of bitcoin plunged about $3,000 in one day. This is the worst single-day decline since March. Bitcoin plummeted right after, Brian Armstrong, the CEO of Coinbase crypto exchange expressed his concerns about the outgoing US Treasury Secretary Steven Mnuchin “rushing out” draconian rules on non-custodial cryptocurrency wallets. Non-custodial crypto ...
According to Bitpush's data, the price of bitcoin plunged about $3,000 in one day. This is the worst single-day decline since March. Bitcoin plummeted right after, Brian Armstrong, the CEO of Coinbase crypto exchange expressed his concerns about the outgoing US Treasury Secretary Steven Mnuchin “rushing out” draconian rules on non-custodial cryptocurrency wallets.
Non-custodial crypto wallets are one of the basic tenets of cryptocurrencies in that they allow users to use the new technology to access financial services without relying on a third-party financial institution.
According to Armstrong, the proposed rule will “require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet.”
Liang Che
Tags: Bitcoin,Cryptocurrency
Link: Bitcoin's Price Falls About $3,000 In One Day [Copy]
