Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The end of March of 2020 saw Donald Trump distributing stimulus checks to the American population. The effects on the crypto market then were just as palpable as the bear market that had values reaching over 70% dips was largely reversed and turned into the bullish run being witnessed at present.
The announcement has had a colossal positive impact on cryptocurrency prices. The measures foreseen in the package include a series of direct payments to American citizens in the amount of $1,400 per recipient, as well as support for local authorities and businesses.
But more so than that, another reason stimulus checks weren't in the cards this year is that Americans on a whole haven't needed them. Bloomberg reports that during the fourth quarter of 2019, U.S. households held about $1 trillion in cash. By this year's second quarter, that total had jumped to $4.7 trillion.
The measures foreseen in the package include a series of direct payments to American citizens in the amount of $1,400 per recipient, as well as support for local authorities and businesses. The news of the approval of Biden’s package coincided with a positive reversal on the crypto market, which saw a slight correction on March 5.
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