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Andre Cronje: Crypto Needs Regulation

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Today’s Cryptocurrency Headline

DeFi star developer Andre Cronje recently said in a Medium post, “Instead of trying to fight regulatory bodies because of crypto regulation, we should be trying to engage and educate on regulated crypto.” Andre Cronje has launched multiple entities with others, and the core focus is PCI compliance and DSS HSM custody solutions; risk, credit reporting and compliance; multi-currency payment channels and infrastructure; clearing house and stock exchange tokenization portals; senior secured floating rate corporate DeFi bonds; crypto ETFs and mutual funds; and national blockchains .

BingX’s Bitcoin Chart

Source: TradingView & BingX

The first test of mass Australian retail demand for crypto will happen next week with the listing of the country’s first bitcoin ETF on the Cboe equities trading venue. There is speculation that the country’s first Bitcoin ETF will see an inflow of $1 billion. BTC was trading around $41,000 and is up by 1.5% over the past 24 hours, which is the midpoint of its three-month-long price range. BTC is slowly approaching the resistance level at $42,000, and the relative strength index(RSI) has risen to 46, which indicates that the market sentiment is becoming positive. If the price could break above $42,000, the pair could rise to $43,900.

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